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) pushed the Basic Materials sector higher today making it today's featured basic materials winner. The sector as a whole closed the day down 0.4%. By the end of trading, National Oilwell Varco rose $1.36 (1.9%) to $75.01 on heavy volume. Throughout the day, 9,546,531 shares of National Oilwell Varco exchanged hands as compared to its average daily volume of 3,005,300 shares. The stock ranged in a price between $73.14-$75.66 after having opened the day at $74.80 as compared to the previous trading day's close of $73.65. Other companies within the Basic Materials sector that increased today were:
), up 32.8%,
), up 29.8%,
), up 20.0% and
), up 12.3%.
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National Oilwell Varco, Inc. provides equipment and components for oil and gas drilling and production; oilfield services; and supply chain integration services to the upstream oil and gas industry worldwide. National Oilwell Varco has a market cap of $31.3 billion and is part of the energy industry. The company has a P/E ratio of 13.4, below the S&P 500 P/E ratio of 17.7. Shares are down 7.4% year to date as of the close of trading on Thursday. Currently there are 12 analysts that rate National Oilwell Varco a buy, 1 analyst rates it a sell, and 5 rate it a hold.
TheStreet Ratings rates
National Oilwell Varco
. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.
- You can view the full National Oilwell Varco Ratings Report.
On the negative front,
), down 17.0%,
), down 11.9%,
), down 11.1% and
), down 10.4% , were all laggards within the basic materials sector with
) being today's basic materials sector laggard.
- Use our basic materials section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the basic materials sector could consider
) while those bearish on the basic materials sector could consider
- Find other investment ideas from our top rated ETFs lists.