NOV (NYSE:NOV) Given New $13.00 Price Target at Barclays

NOV (NYSE:NOV) had its price target upped by Barclays from $12.00 to $13.00 in a research note published on Tuesday,Benzinga reports. They currently have an underweight rating on the oil and gas exploration company’s stock.

A number of other research analysts have also commented on NOV. Evercore ISI reiterated an “in-line” rating and issued a $18.00 price target (down previously from $25.00) on shares of NOV in a research note on Wednesday, January 15th. Citigroup lowered NOV from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $21.00 to $18.00 in a research note on Monday, November 11th. Raymond James boosted their price target on NOV from $18.00 to $19.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Atb Cap Markets cut NOV from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Finally, Seaport Res Ptn cut shares of NOV from a “strong-buy” rating to a “hold” rating in a research report on Sunday, January 5th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $19.60.

NOV Price Performance

Shares of NYSE NOV opened at $15.62 on Tuesday. NOV has a twelve month low of $13.94 and a twelve month high of $21.20. The company has a market cap of $6.08 billion, a PE ratio of 9.70, a price-to-earnings-growth ratio of 1.00 and a beta of 1.64. The business’s 50 day moving average price is $14.94 and its two-hundred day moving average price is $15.91. The company has a quick ratio of 1.65, a current ratio of 2.46 and a debt-to-equity ratio of 0.26.

NOV (NYSE:NOV) last posted its quarterly earnings results on Tuesday, February 4th. The oil and gas exploration company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.06. NOV had a return on equity of 9.88% and a net margin of 7.16%. On average, analysts predict that NOV will post 1.42 EPS for the current year.

Institutional Investors Weigh In On NOV

A number of large investors have recently modified their holdings of the business. Mariner LLC lifted its position in shares of NOV by 2.9% during the 4th quarter. Mariner LLC now owns 24,201 shares of the oil and gas exploration company’s stock worth $353,000 after buying an additional 672 shares during the last quarter. Signaturefd LLC boosted its stake in shares of NOV by 41.3% in the 4th quarter. Signaturefd LLC now owns 2,587 shares of the oil and gas exploration company’s stock valued at $38,000 after purchasing an additional 756 shares in the last quarter. HM Payson & Co. boosted its stake in shares of NOV by 2.1% in the 3rd quarter. HM Payson & Co. now owns 49,000 shares of the oil and gas exploration company’s stock valued at $783,000 after purchasing an additional 1,000 shares in the last quarter. Huntington National Bank grew its holdings in shares of NOV by 88.7% during the 4th quarter. Huntington National Bank now owns 2,200 shares of the oil and gas exploration company’s stock valued at $32,000 after purchasing an additional 1,034 shares during the last quarter. Finally, ProShare Advisors LLC lifted its stake in NOV by 6.1% in the 4th quarter. ProShare Advisors LLC now owns 18,204 shares of the oil and gas exploration company’s stock valued at $266,000 after purchasing an additional 1,042 shares during the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

NOV Company Profile

NOV Inc designs, constructs, manufactures, and sells systems, components, and products for oil and gas drilling and production, and industrial and renewable energy sectors in the United States and internationally. It operates through two segments, Energy Equipment, and Energy Products and Services. The company provides solids control and waste management equipment and services, managed pressure drilling, drilling fluids, premium drillpipe, wired pipe, drilling optimization services, tubular inspection and coating services, instrumentation, downhole tools, and drill bits.