National Oilwell Varco Rises On Unusually High Volume (NOV)
National Oilwell Varco (NYSE:NOV) is trading at unusually high volume Thursday with 9.5 million shares changing hands. It is currently at 2.4 times its average daily volume and trading up $1.53 (+2.3%).
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- National Oilwell Varco (NYSE: NOV) is trading at unusually high volume Thursday with 9.5 million shares changing hands. It is currently at 2.4 times its average daily volume and trading up $1.53 (+2.3%) at $68.10 as of 3:59 p.m. ET.
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National Oilwell Varco has a market cap of $29.12 billion and is part of the basic materials sector and energy industry. Shares are down 0.2% year to date as of the close of trading on Wednesday. National Oilwell Varco, Inc. designs, constructs, manufactures, and sells systems, components, and products for oil and gas drilling and production, as well as provides oilfield services and supplies, and supply chain integration services to the upstream oil and gas industry worldwide. The company has a P/E ratio of 11.7, below the S&P 500 P/E ratio of 17.7. 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, growth in earnings per share, compelling growth in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full National Oilwell Varco Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.