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) pushed the Energy industry lower today making it today's featured Energy laggard. The industry as a whole closed the day down 0.2%. By the end of trading, National Oilwell Varco fell $1.74 (-2.5%) to $69.40 on heavy volume. Throughout the day, 7,772,424 shares of National Oilwell Varco exchanged hands as compared to its average daily volume of 3,538,900 shares. The stock ranged in price between $68.07-$70.39 after having opened the day at $69.49 as compared to the previous trading day's close of $71.14. Other companies within the Energy industry that declined today were:
), down 41.4%,
), down 9.6%,
), down 7.1% and
), down 5.7%.
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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 $30.6 billion and is part of the basic materials sector. Shares are up 4.1% year to date as of the close of trading on Monday. Currently there are 15 analysts that rate National Oilwell Varco a buy, no analysts rate it a sell, and 3 rate it a hold.
TheStreet Ratings rates
National Oilwell Varco
. 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, attractive valuation levels, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full National Oilwell Varco Ratings Report.
On the positive front,
), up 9.5%,
), up 7.3%,
), up 6.2% and
), up 5.6% , were all gainers within the energy industry with
) being today's featured energy industry leader.
- Use our energy section to find industry-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 energy industry could consider
) while those bearish on the energy industry could consider
- Find other investment ideas from our top rated ETFs lists.