National Oilwell Varco Stock Hits New 52-Week High (NOV)

NEW YORK (TheStreet) -- National Oilwell Varco (NYSE:NOV) hit a new 52-week high Wednesday as it is currently trading at $86.88, above its previous 52-week high of $86.71 with 1.5 million shares traded as of 11:10 a.m. ET. Average volume has been four million shares over the past 30 days.

National Oilwell Varco has a market cap of $32.2 billion and is part of the basic materials sector and energy industry. Shares are up 24.4% year to date as of the close of trading on Tuesday.

National Oilwell Varco, Inc. The company has a P/E ratio of 17.8, above the average energy industry P/E ratio of 17.3 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates National Oilwell Varco as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full National Oilwell Varco Ratings Report.

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