Riding the Trend or Protecting Profits | National Oilwell Varco, Inc. (NOV)

National Oilwell Varco, Inc. (NYSE:NOV) went up by 0.18% from its latest closing price compared to the recent 1-year high of $25.81. The company’s stock price has collected -0.70% of loss in the last five trading sessions. MarketWatch.com reported on 08/29/20 that These ‘Dividend Aristocrat’ stocks have been raising their dividends for decades, and there have been no dividend cuts during the pandemic

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Is It Worth Investing in National Oilwell Varco, Inc. (NYSE :NOV) Right Now?

National Oilwell Varco, Inc. (NYSE:NOV) scored a price-to-earnings ratio above its average ratio, recording 33.72 x from its present earnings ratio. Plus, the 36-month beta value for NOV is at 1.80. Opinions of the stock are interesting as 8 analysts out of 27 who provided ratings for National Oilwell Varco, Inc. declared the stock was a “buy,” while 3 rated the stock as “overweight,” 13 rated it as “hold,” and 2 as “sell.”

The average price from analysts is $13.67, which is $2.3 above the current price. NOV currently public float of 361.59M and currently shorts hold a 3.96% ratio of that float. Today, the average trading volume of NOV was 5.18M shares.

NOV’s Market Performance

NOV stocks went down by -0.70% for the week, with a monthly drop of -13.72% and a quarterly performance of -12.79%, while its annual performance rate touched -51.60%. The volatility ratio for the week stands at 3.48% while the volatility levels for the past 30 days are set at 3.37% for National Oilwell Varco, Inc.. The simple moving average for the period of the last 20 days is -5.13% for NOV stocks with a simple moving average of -27.25% for the last 200 days.

Analysts’ Opinion of NOV

Many brokerage firms have already submitted their reports for NOV stocks, with Cowen repeating the rating for NOV by listing it as a “Outperform.” The predicted price for NOV in the upcoming period, according to Cowen is $16 based on the research report published on July 29th of the current year 2020.

Barclays, on the other hand, stated in their research note that they expect to see NOV reach a price target of $8, previously predicting the value of $14. The rating they have provided for NOV stocks is “Equal Weight” according to the report published on May 14th, 2020.

Cowen gave a rating of “ Outperform” to NOV, setting the target price at $17 in the report published on April 14th of the current year.

NOV Trading at -5.31% from the 50-Day Moving Average

After a stumble in the market that brought NOV to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -56.14% of loss for the given period.

Volatility was left at 3.37%, however, over the last 30 days, the volatility rate increased by 3.48%, as shares sank -11.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.64% lower at present.

During the last 5 trading sessions, NOV fell by -0.70%, which changed the moving average for the period of 200-days by -50.31% in comparison to the 20-day moving average, which settled at $11.86. In addition, National Oilwell Varco, Inc. saw -54.81% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at NOV starting from Bayardo Jose A, who bought 8,500 shares at the price of $8.24 back on Mar 18. After this action, Bayardo Jose A now owns 254,248 shares of National Oilwell Varco, Inc., valued at $70,005 using the latest closing price.

Bayardo Jose A, the Senior VP and CFO of National Oilwell Varco, Inc., bought 11,500 shares at $8.85 during a trade that took place back on Mar 16, which means that Bayardo Jose A is holding 245,748 shares at $101,775 based on the most recent closing price.

Stock Fundamentals for NOV

Current profitability levels for the company are sitting at:

  • -5.25 for the present operating margin
  • +10.12 for the gross margin

The net margin for National Oilwell Varco, Inc. stands at -71.89. The total capital return value is set at -3.27, while invested capital returns managed to touch -45.21. Equity return is now at value -41.40, with -22.90 for asset returns.

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Based on National Oilwell Varco, Inc. (NOV), the company’s capital structure generated 35.70 points at debt to equity in total, while total debt to capital is 26.31. Total debt to assets is 20.62, with long-term debt to equity ratio resting at -4.45. Finally, the long-term debt to capital ratio is 34.24.

When we switch over and look at the enterprise to sales, we see a ratio of 1.33, with the company’s debt to enterprise value settled at 0.25. The receivables turnover for the company is 3.28 and the total asset turnover is 0.51. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.72.

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