NOV Inc. (NYSE:NOV - Get Free Report) was the target of unusually large options trading on Wednesday. Stock investors acquired 2,616 put options on the stock. This is an increase of approximately 1,353% compared to the average volume of 180 put options.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on NOV. Susquehanna decreased their price target on shares of NOV from $19.00 to $18.00 and set a "positive" rating for the company in a research note on Tuesday, July 1st. Barclays cut their price target on NOV from $13.00 to $11.00 and set an "underweight" rating for the company in a research note on Wednesday, April 30th. Royal Bank Of Canada cut their price target on NOV from $20.00 to $19.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Stifel Nicolaus cut their price target on NOV from $25.00 to $23.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Finally, Morgan Stanley cut their price target on NOV from $18.00 to $15.00 and set an "overweight" rating for the company in a research note on Friday, May 16th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, NOV presently has an average rating of "Hold" and a consensus price target of $17.38.
Check Out Our Latest Research Report on NOV
Hedge Funds Weigh In On NOV
Several large investors have recently modified their holdings of NOV. Banque Cantonale Vaudoise bought a new position in NOV during the 1st quarter worth $25,000. Huntington National Bank boosted its position in shares of NOV by 88.7% during the fourth quarter. Huntington National Bank now owns 2,200 shares of the oil and gas exploration company's stock worth $32,000 after buying an additional 1,034 shares during the period. Covestor Ltd boosted its position in shares of NOV by 282.9% during the fourth quarter. Covestor Ltd now owns 2,240 shares of the oil and gas exploration company's stock worth $33,000 after buying an additional 1,655 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of NOV during the first quarter worth approximately $36,000. Finally, Signaturefd LLC raised its position in shares of NOV by 41.3% during the 4th quarter. Signaturefd LLC now owns 2,587 shares of the oil and gas exploration company's stock worth $38,000 after buying an additional 756 shares in the last quarter. Institutional investors own 93.27% of the company's stock.
NOV Stock Performance
NYSE:NOV opened at $13.39 on Thursday. The company has a current ratio of 2.65, a quick ratio of 1.76 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $5.03 billion, a price-to-earnings ratio of 8.93, a PEG ratio of 3.39 and a beta of 1.28. The firm's fifty day simple moving average is $12.78 and its 200 day simple moving average is $13.76. NOV has a twelve month low of $10.84 and a twelve month high of $21.20.
NOV (NYSE:NOV - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The oil and gas exploration company reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.25 by ($0.06). NOV had a net margin of 6.68% and a return on equity of 9.11%. The firm had revenue of $2.10 billion for the quarter, compared to analysts' expectations of $2.11 billion. During the same quarter in the prior year, the business earned $0.30 EPS. The company's revenue for the quarter was down 2.4% on a year-over-year basis. As a group, equities research analysts expect that NOV will post 1.4 earnings per share for the current fiscal year.
NOV Dividend Announcement
The business also recently declared a dividend, which was paid on Friday, June 13th. Stockholders of record on Tuesday, June 3rd were given a dividend of $0.21 per share. The ex-dividend date was Monday, June 2nd. This represents a dividend yield of 3.63%. NOV's payout ratio is 20.00%.
NOV Company Profile
(
Get Free Report)
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.
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