The National Oilwell Varco, Inc. (NYSE:NOV) is going up by 1.81% in today’s trading session, a rise equivalent to 0.34% of the stock’s price from yesterday’s market close. A news came out on 08/15/19 stating that National Oilwell Varco Declares Regular Quarterly Dividend by WSJ. The lowest point that the shares touched during the trading session was $19.01, while the peak of the day was recorded at a share price of $19.38. NOV finished the previous session at $19.08 according to the data provided by Barchart, while the trading volume was observed to be $1,009,571.
In the 100 days of trading, NOV managed to top a 22.95% Moving average. Additionally, National Oilwell Varco, Inc. shares have achieved a 52-week range between 18.05 and 47.46 alongside 100 days raw stochastic set at 13.10%.
The number of shares outstanding, according to the fundamentals of the company, is set at 378.44M, equal to the value of $7.22B in market capitalization. Financial analysts indicate that NOV shares should be still ranked as a “Hold”. In the last 30 days, National Oilwell Varco, Inc. shares went down by -21.92%, adding 24.89 to growth in value, on top of a +7.67% boost since 07/22/19.
National Oilwell Varco, Inc. (NYSE:NOV) Analyst’s Estimates
According to the average analyst rating, National Oilwell Varco, Inc. would be rated as 2.77. Out of 30 different analysts monitoring NOV stock, 4 analysts rate the stock as a BUY, 16 suggest to give the rating of HOLD, 5 indicate that NOV is an OUTPERFORM, 1 rated the stock as a SELL, and 4 analyst believes that the stock should be rated as UNDERPERFORM.
On Aug-12-19, the stock earned a Upgrade rating due to a new analyst call from Susquehanna, while analysts from Seaport Global Securities believe that the stock is set at Neutral from Sell, as concluded on Jul-31-19. Citigroup, is still rather wary about the stock, deciding to keep the rating at Buy as confirmed through a call on Jul-31-19.
Regardless of the rating, Cowen did increase their price from $25 to $27 as they are considering target share price analysis. Johnson Rice, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on Jul-15-19, giving the stock a Hold from the Buy rating.
NOV Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +17.03% has been attained, while the operating margin has been recorded at +2.45%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at -0.15%. Beta value of the stock is recorded at 1.40. Additionally, National Oilwell Varco, Inc. is recording price volatility of 2.77% for the period of the last seven days and 4.66% in the last 30 days.
National Oilwell Varco, Inc. (NYSE:NOV) Technical Outlook
For the period of the last 50 days, National Oilwell Varco, Inc. had its Raw Stochastic average set at 20.25% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 20.25%. Stochastic %K for National Oilwell Varco, Inc., with the last 20 days included, was set at 15.81%, having Stochastic %D topping 14.69%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be discouraging for National Oilwell Varco, Inc. stocks with recording -56.80% in metrics.
National Oilwell Varco, Inc. Insider Watch:
As far as the position of shares issued by National Oilwell Varco, Inc. (NYSE:NOV) for the period concluded at the market close of 08/21/19, 231 institutional investors increased their positions in NOV shares by 50,439,840, 273 decreased positions by 43,271,425 and 77 institutional investors decided to hold positions at 275,824,965. These numbers put the complete list of institutional holdings set at 369,536,230 shares, in accordance with filings submitted to the Securities and Exchange Commission. The stock had another 38 institutional investments with 4,748,022 new shares in addition to having 84 institutional investors selling their positions in 13,745,538 shares.