National-Oilwell Varco (NYSE:NOV) Rating Increased to Hold at ValuEngine
ValuEngine upgraded shares of National-Oilwell Varco (NYSE:NOV) from a sell rating to a hold rating in a research note published on Wednesday, January 3rd.
Several other brokerages have also commented on NOV. Jefferies Group set a $34.00 target price on National-Oilwell Varco and gave the stock a hold rating in a research report on Thursday, October 5th. Piper Jaffray Companies restated a buy rating and set a $36.00 price objective on shares of National-Oilwell Varco in a research report on Tuesday, September 26th. Royal Bank of Canada set a $37.00 price objective on National-Oilwell Varco and gave the company a hold rating in a research report on Thursday, December 21st. Deutsche Bank initiated coverage on National-Oilwell Varco in a research report on Tuesday, October 10th. They set a hold rating and a $39.00 price target for the company. Finally, Citigroup boosted their price objective on National-Oilwell Varco from $34.00 to $36.00 and gave the stock a neutral rating in a research note on Thursday, October 5th. Four analysts have rated the stock with a sell rating, twenty have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $38.08.
National-Oilwell Varco (NOV) traded down $0.39 during mid-day trading on Wednesday, reaching $36.34. The company’s stock had a trading volume of 832,951 shares, compared to its average volume of 2,721,023. The stock has a market cap of $14,331.01, a P/E ratio of -14.53, a PEG ratio of 18.41 and a beta of 0.95. The company has a quick ratio of 1.62, a current ratio of 2.75 and a debt-to-equity ratio of 0.19. National-Oilwell Varco has a 52 week low of $29.90 and a 52 week high of $41.90.
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About National-Oilwell Varco
National Oilwell Varco, Inc is an oilfield equipment manufacturer and technology provider. The Company operates through four segments: Rig Systems, Rig Aftermarket, Wellbore Technologies and Completion & Production Solutions. The Rig Systems segment makes and supports the capital equipment and integrated systems needed to drill oil and gas wells on land and offshore.
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