2. As of noon trading, National Oilwell Varco ( NOV) is down $0.64 (-0.9%) to $68.16 on average volume Thus far, 1.5 million shares of National Oilwell Varco exchanged hands as compared to its average daily volume of 3.9 million shares. The stock has ranged in price between $67.69-$68.72 after having opened the day at $68.27 as compared to the previous trading day's close of $68.80. 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 $29.3 billion and is part of the basic materials sector. The company has a P/E ratio of 12.3, below the S&P 500 P/E ratio of 17.7. Shares are up 0.7% year to date as of the close of trading on Wednesday. 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 and attractive valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full National Oilwell Varco Ratings Report now. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.