Today it was reported that a Director at National-Oilwell (NYSE: NOV), Eric Mattson, exercised options to sell 4,338 NOV shares at $30.95 a share, for a total transaction value of $198K.
This is Mattson’s first transaction since reporting a Buy transaction on REXX back in May 2015 In addition to Eric Mattson, 3 other NOV executives reported Sell trades in the last month.
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Based on National-Oilwell’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $2.11 billion and quarterly net profit of $24 million. In comparison, last year the company earned revenue of $1.76 billion and had a GAAP net loss of $75 million. Currently, National-Oilwell has an average volume of 2.85M.
Nine different firms, including Barclays and BMO Capital, currently also have a Sell rating on the stock. One of the top 25 analysts, according to TipRanks.com, recently recommended Hold NOV with a $52 price target. Based on 11 analyst ratings, the analyst consensus is Hold with an average price target of $44.82, reflecting a 2.3% upside.
The insider sentiment on National-Oilwell has been negative according to 37 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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National Oilwell Varco, Inc. provides equipment and components that are used in oil and gas drilling and production operations, oilfield services, and supply chain integration services to the upstream oil and gas industry. The firm operates through the following segments: Rig Technologies, Wellbore Technologies, and Completion and Production Solutions.
