SunTrust Banks set a $31.00 price objective on National Oilwell Varco (NYSE:NOV) in a research note issued to investors on Monday. The brokerage currently has a hold rating on the oil and gas exploration company’s stock.
NOV has been the subject of several other research reports. Cowen raised their target price on National Oilwell Varco from $33.00 to $36.00 and gave the stock a market perform rating in a research note on Thursday, February 8th. TheStreet raised National Oilwell Varco from a d+ rating to a c rating in a research note on Tuesday, February 6th. Zacks Investment Research raised National Oilwell Varco from a sell rating to a hold rating in a research note on Tuesday, March 13th. Seaport Global Securities reiterated a sell rating and issued a $30.00 price target on shares of National Oilwell Varco in a report on Monday, February 12th. Finally, Jefferies Group set a $35.00 price target on National Oilwell Varco and gave the stock a hold rating in a report on Thursday, January 4th. Four investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and four have issued a buy rating to the company’s stock. National Oilwell Varco presently has a consensus rating of Hold and a consensus price target of $36.29.
NYSE NOV opened at $37.98 on Monday. National Oilwell Varco has a one year low of $29.90 and a one year high of $41.38. The company has a market cap of $15,555.48, a P/E ratio of -90.43, a price-to-earnings-growth ratio of 26.57 and a beta of 0.80. The company has a quick ratio of 1.79, a current ratio of 3.07 and a debt-to-equity ratio of 0.19.
The business also recently announced a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Friday, March 16th were issued a $0.05 dividend. The ex-dividend date of this dividend was Thursday, March 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.53%. National Oilwell Varco’s dividend payout ratio is presently -47.62%.
In other news, VP Scott K. Duff sold 7,421 shares of the firm’s stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $35.66, for a total value of $264,632.86. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.79% of the stock is owned by company insiders.
Several hedge funds have recently bought and sold shares of NOV. Dupont Capital Management Corp bought a new position in shares of National Oilwell Varco in the fourth quarter valued at approximately $141,000. Global Trust Asset Management LLC bought a new position in shares of National Oilwell Varco in the fourth quarter valued at approximately $160,000. CoreCommodity Management LLC bought a new position in shares of National Oilwell Varco in the fourth quarter valued at approximately $162,000. Avestar Capital LLC bought a new position in shares of National Oilwell Varco in the fourth quarter valued at approximately $176,000. Finally, Cadence Bank NA bought a new position in shares of National Oilwell Varco in the fourth quarter valued at approximately $201,000. Institutional investors own 93.51% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: “SunTrust Banks Reiterates $31.00 Price Target for National Oilwell Varco (NOV)” was originally published by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are reading this piece of content on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright law. The correct version of this piece of content can be read at https://www.chaffeybreeze.com/2018/04/17/suntrust-banks-reiterates-31-00-price-target-for-national-oilwell-varco-nov.html.
National Oilwell Varco Company Profile
National Oilwell Varco, Inc designs, manufactures, and sells systems and components used in oil and gas drilling and production; and provides oilfield services to the upstream oil and gas industry worldwide. It operates through three segments: Wellbore Technologies, Completion & Production Solutions, and Rig Technologies.
Receive News & Ratings for National Oilwell Varco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Oilwell Varco and related companies with MarketBeat.com's FREE daily email newsletter.