Is it Time to Buy These Shares? Analysts Weigh in on Freeport-McMoran, Inc. (NYSE:FCX), National Oilwell Varco, Inc. (NYSE:NOV)

In the most recent session, Freeport-McMoran, Inc. (NYSE:FCX) shares have traded N/A. Following the stock price relative to moving averages may offer enhanced perspective on stock performance. After a recent review, the stock has been noted $-0.14 away from the 50-day moving average of $13.45 and $0.08 away from the 200-day moving average of $13.23. From a different angle, the stock has been recently recorded -21.98% off of the 52-week high of 17.06 and +51.94% removed from the 52-week low of 8.76. 

Currently, Freeport-McMoRan, Inc. Common S has a price to earnings ratio of N/A. Analysts and investors may also opt to evaluate a company's PEG or price to earnings growth ratio. The PEG ratio represents the ratio of the price to earnings to the anticipated future growth rate of the company. If a company has a PEG Ratio below one, it may be viewed as undervalued. If a company has a PEG Ratio above one, it may show that the company is overvalued. A PEG Ratio near one may be viewed as fair value. The stock currently has a PEG Ratio of 0.23.

Price Target Update

Analysts polled by Thomson Reuters have set a consensus target price of $14.89 on shares. Target prices may vary from one analyst to another due to the various ways they may proceed to calculate future price targets. This is a near-term estimation for the next 12-18 months.

For the current quarter, analysts are expecting National Oilwell Varco, Inc. (NYSE:NOV) to report EPS of $-0.17. This consensus estimate is provided by Zacks Research. After the period that ended on 2016-12-31, National Oilwell Varco, Inc. (NYSE:NOV) reported an EPS actual of $-0.15. The difference between the actual and estimate resulted in a surprise factor of 48.28%. The company is expected to release their next earnings report on or around 2017-04-27. Interested parties will be watching to see how company results compare to what the Street was projecting for the fiscal period.

Shares of National Oilwell Varco, Inc. (NYSE:NOV) have a current ABR or average broker rating of 2.55. This consensus recommendation is also provided by Zacks Research. The recommendation falls on a scale between 1 and 5. A broker rating of 1 would translate into a Strong Buy. A rating of 5 would indicate a Strong Sell recommendation. This consensus broker rating may help shed some light on how the sell-side is currently viewing company stock.

Covering analysts often provide target price projections for company shares. The current Zacks consensus target price on shares of National Oilwell Varco, Inc. (NYSE:NOV) is $39.133. The top analyst target is $60, and the lowest target is $31 on the stock. Because of the different techniques used to gauge a company target price, estimates may be quite different from one analyst to another.

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