Susquehanna Bancshares upgraded shares of National-Oilwell Varco (NYSE:NOV) from a neutral rating to a positive rating in a research note issued to investors on Monday, BenzingaRatingsTable reports. They currently have $25.00 price target on the oil and gas exploration company’s stock.

Several other brokerages have also recently issued reports on NOV. TheStreet cut shares of National-Oilwell Varco from a c- rating to a d+ rating in a research note on Friday, May 31st. Cowen reaffirmed a market perform rating and set a $27.00 target price (up previously from $25.00) on shares of National-Oilwell Varco in a research note on Wednesday, July 31st. AltaCorp Capital reaffirmed an underperform rating on shares of National-Oilwell Varco in a research note on Thursday, June 20th. Zacks Investment Research cut shares of National-Oilwell Varco from a hold rating to a strong sell rating in a research note on Monday, May 20th. Finally, Raymond James boosted their price target on shares of National-Oilwell Varco from $32.00 to $34.00 and gave the company an outperform rating in a research report on Wednesday, July 31st. Five equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and twelve have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $34.24.

NOV traded up $0.43 on Monday, hitting $20.61. 635,894 shares of the company’s stock were exchanged, compared to its average volume of 5,628,287. National-Oilwell Varco has a fifty-two week low of $19.57 and a fifty-two week high of $47.46. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.76 and a current ratio of 3.05. The firm’s 50-day simple moving average is $21.58. The company has a market capitalization of $7.75 billion, a PE ratio of -257.63 and a beta of 1.30.

National-Oilwell Varco (NYSE:NOV) last announced its earnings results on Monday, July 29th. The oil and gas exploration company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.03. National-Oilwell Varco had a negative net margin of 63.23% and a negative return on equity of 0.64%. The company had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.08 billion. As a group, equities research analysts forecast that National-Oilwell Varco will post -0.04 EPS for the current fiscal year.

In related news, Director Eric L. Mattson sold 4,750 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $21.02, for a total value of $99,845.00. Following the sale, the director now directly owns 64,503 shares in the company, valued at approximately $1,355,853.06. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.92% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Truvestments Capital LLC purchased a new stake in National-Oilwell Varco during the first quarter worth about $26,000. TRUE Private Wealth Advisors purchased a new stake in National-Oilwell Varco during the second quarter worth about $26,000. Berman Capital Advisors LLC increased its stake in National-Oilwell Varco by 385.0% during the second quarter. Berman Capital Advisors LLC now owns 1,387 shares of the oil and gas exploration company’s stock worth $30,000 after purchasing an additional 1,101 shares during the period. Investors Research Corp increased its stake in National-Oilwell Varco by 250.0% during the second quarter. Investors Research Corp now owns 1,400 shares of the oil and gas exploration company’s stock worth $31,000 after purchasing an additional 1,000 shares during the period. Finally, Rational Advisors LLC increased its stake in National-Oilwell Varco by 375.4% during the second quarter. Rational Advisors LLC now owns 1,664 shares of the oil and gas exploration company’s stock worth $37,000 after purchasing an additional 1,314 shares during the period. Hedge funds and other institutional investors own 95.64% of the company’s stock.

National-Oilwell Varco Company Profile

National Oilwell Varco, Inc designs, manufactures, and sells systems, components, and products for oil and gas drilling and production worldwide. It operates in three segments: Wellbore Technologies, Completion & Production Solutions, and Rig Technologies. The Wellbore Technologies segment offers various equipment and technologies used to perform drilling operations.

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Analyst Recommendations for National-Oilwell Varco (NYSE:NOV)

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