The recent close of $69.58 is approximately 52% above the fair value buy target for the stock and approximately 26% below the fair value close target for the stock. The recent close is also 17% below analysts' twelve-month $84.00 median price target for the stock.
The recent close represents a 2% increase in price since the last baseline equity review was conducted in February of 2013.
The stock currently has a trailing twelve-month PE Ratio of 10, and a PEG Ratio of 0.6 basis estimated forward earnings growth of 15%.
In the past 52 weeks, share prices have moved between a high of $89.95 and a low of $59.07, placing equilibrium at $69.85.
Basis the recent close, the stock is trading 29% below the 52 week high, 15% above the 52 week low, 0.5% above equilibrium, and has an average daily trading volume of approximately 3.9 million shares.
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.
The company's competitors include Aker Solutions ASA, Halliburton Company, and Weatherford International Ltd.
Financial information that may be contained herein, is based on the company's most recent annual SEC filing for year ending December 31, 2012. All prices are per share unless otherwise noted.
Wax Ink currently has no investment position in the company mentioned in this alert.
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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.