The National Oilwell Varco Inc. (NYSE:NOV) is going up by 0.30% in today’s trading session, a rise equivalent to 0.07% of the stock’s price from yesterday’s market close. A news came out on 11/04/19 stating that National Oilwell Varco Announces Transactions to Pay Down and Extend Debt Maturities by WSJ. The lowest point that the shares touched during the trading session was $23.26, while the peak of the day was recorded at a share price of $24.23. NOV finished the previous session at $23.33 according to the data provided by Barchart, while the trading volume was observed to be $1156923.
In the 100 days of trading, NOV managed to top a 21.43% Moving average. Additionally, National Oilwell Varco Inc. shares have achieved a 52-week range between 18.05 and 36.20 alongside 100 days raw stochastic set at 77.57%.
The number of shares outstanding, according to the fundamentals of the company, is set at 377.00M, equal to the value of $8.80B in market capitalization. In the last 30 days, National Oilwell Varco Inc. shares went down by -4.41%, adding 24.49 to growth in value, on top of a +17.56% boost since 10/08/19.
National Oilwell Varco Inc. (NYSE:NOV) Analyst’s Estimates
National Oilwell Varco Inc. (NOV) could record at least $0.15 per share in quarterly earnings in the upcoming report on 02/10/2020, a number that would actually represent an increase of 0.83 YOY.
According to the average analyst rating, National Oilwell Varco Inc. would be rated as Overweight. Out of 28 different analysts monitoring NOV stock, 13 analysts rate the stock as a BUY, 9 suggest to give the rating of HOLD, 2 indicate that NOV is an OVERWEIGHT, 3 rated the stock as a SELL, and 1 analyst believes that the stock should be rated as UNDERWEIGHT.
On November 05, 2019, the stock earned a Reiterated rating due to a new analyst call from Cowen, while analysts from Goldman believe that the stock is set at Buy from Neutral, as concluded on October 30, 2019. Jefferies, is still rather wary about the stock, deciding to keep the rating at Buy as confirmed through a call on September 05, 2019.
Susquehanna, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on August 12, 2019, giving the stock a Positive from the Neutral 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 1.33. Additionally, National Oilwell Varco Inc. is recording price volatility of 3.04% for the period of the last seven days and 4.09% 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 70.97% 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 75.57%. Stochastic %K for National Oilwell Varco Inc., with the last 20 days included, was set at 76.62%, having Stochastic %D topping 82.18%. 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 -9.22% in metrics.
National Oilwell Varco Inc. Insider Watch:
Similarly, 97.17% of the company’s float is held by institutions – and there are 785 institutions in total holding shares of this company. The top three institutional holders of NOV stocks are: Vanguard Group, Inc. (The) with ownership of $947.0 million, which is approximately 42639578 of the company’s shares; Pzena Investment Management, LLC, holding 27485982 shares of the stock with an approximate value of $582.0 million; and Blackrock Inc., currently with more than 26346681 shares of the company valued at $585.0 million. Positions in National Oilwell Varco Inc. stocks held by institutional investors has been changing actively in the past six months, a period during which there were 10 insider purchases amounting to 68170 shares. Similarly, there were 2 sale transactions amounting to 27390 shares, with the net shares purchased during the last six months reaching 40,780.