The stock of National-Oilwell Varco, Inc. (NYSE:NOV) is a huge mover today! About 4.03 million shares traded hands or 1.77% up from the average. National-Oilwell Varco, Inc. (NYSE:NOV) has risen 9.15% since April 27, 2016 and is uptrending. It has outperformed by 3.92% the S&P500.
The move comes after 7 months positive chart setup for the $13.87 billion company. It was reported on Nov, 30 by Barchart.com. We have $39.22 PT which if reached, will make NYSE:NOV worth $554.80 million more.
Analysts await National-Oilwell Varco, Inc. (NYSE:NOV) to report earnings on February, 1. They expect $-0.28 EPS, down 170.00% or $0.68 from last year’s $0.4 per share. After $-0.34 actual EPS reported by National-Oilwell Varco, Inc. for the previous quarter, Wall Street now forecasts -17.65% EPS growth.
National-Oilwell Varco, Inc. (NYSE:NOV) Ratings Coverage
Out of 24 analysts covering National Oilwell Varco (NYSE:NOV), 6 rate it a “Buy”, 4 “Sell”, while 14 “Hold”. This means 25% are positive. National Oilwell Varco has been the topic of 60 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Thursday, July 30 by FBR Capital. Citigroup upgraded National-Oilwell Varco, Inc. (NYSE:NOV) on Monday, November 7 to “Neutral” rating. Jefferies maintained the shares of NOV in a report on Monday, July 11 with “Hold” rating. The firm has “Buy” rating by Guggenheim given on Monday, November 30. The stock of National-Oilwell Varco, Inc. (NYSE:NOV) has “Sector Perform” rating given on Monday, November 2 by Howard Weil. The firm has “Sell” rating by Citigroup given on Monday, October 5. The stock of National-Oilwell Varco, Inc. (NYSE:NOV) earned “Hold” rating by Societe Generale on Monday, October 31. Bank of America maintained National-Oilwell Varco, Inc. (NYSE:NOV) on Monday, June 13 with “Underperform” rating. The company was upgraded on Friday, July 29 by Johnson Rice. Cowen & Co maintained the stock with “Market Perform” rating in Friday, April 29 report.
According to Zacks Investment Research, “National-Oilwell is a worldwide leader in the design, manufacture and sale of machinery and equipment and in the distribution of maintenance, repair and operating products used in oil and gas drilling and production. The Company’s machinery and equipment include drawworks, mud pumps and power swivels, which are the major mechanical components of rigs used to drill oil and gas wells. Many of these components are designed specifically for applications in offshore, extended reach and deep land drilling.”
Insitutional Activity: The institutional sentiment decreased to 0.88 in 2016 Q2. Its down 0.07, from 0.95 in 2016Q1. The ratio worsened, as 67 funds sold all National-Oilwell Varco, Inc. shares owned while 211 reduced positions. 67 funds bought stakes while 198 increased positions. They now own 354.18 million shares or 3.12% less from 365.59 million shares in 2016Q1.
Credit Agricole S A accumulated 85,019 shares or 0.01% of the stock. Peak6 Invests Lp holds 0.02% or 68,047 shares in its portfolio. Stevens First Principles Inv Advsrs accumulated 0.01% or 215 shares. Fifth Third Bank has 76,212 shares for 0.02% of their US portfolio. Bnp Paribas Arbitrage Sa last reported 215,674 shares in the company. Moreover, Security National Co has 0.02% invested in National-Oilwell Varco, Inc. (NYSE:NOV) for 1,400 shares. Waverton Mngmt Ltd has 0.1% invested in the company for 40,640 shares. Comerica Inc accumulated 9,507 shares or 0.21% of the stock. Hanlon Inv Mgmt accumulated 0.44% or 149,763 shares. Us Financial Bank De holds 0.02% of its portfolio in National-Oilwell Varco, Inc. (NYSE:NOV) for 163,432 shares. New York Life holds 410 shares or 0.07% of its portfolio. Ariel Invests Ltd Llc has 1.78 million shares for 0.75% of their US portfolio. Norinchukin Financial Bank The owns 198,597 shares or 0.16% of their US portfolio. Dekabank Deutsche Girozentrale owns 209,730 shares or 0.08% of their US portfolio. Jones Finance Companies Lllp, a Missouri-based fund reported 33,914 shares.
Insider Transactions: Since August 5, 2016, the stock had 0 buys, and 1 sale for $106,260 net activity. Duff Scott K. sold $106,260 worth of stock.
NOV Company Profile
National Oilwell Varco, Inc. (NOV), incorporated on July 14, 1995, is engaged in providing design, manufacture and sale of equipment and components used in gas and oil drilling, completion and production operations. The Firm operates through four divisions: Rig Systems, Rig Aftermarket, Wellbore Technologies, and Completion & Production Solutions. The Firm also provides oilfield services to the upstream gas and oil industry. The Firm conducts activities in approximately 830 locations across the world.
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