Barclays Remains a Hold on National-Oilwell (NOV)


Barclays analyst David Anderson maintained a Hold rating on National-Oilwell (NOV) yesterday and set a price target of $35. The company’s shares closed yesterday at $29.79.

According to TipRanks.com, Anderson is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -6.3% and a 36.4% success rate. Anderson covers the Basic Materials sector, focusing on stocks such as Ranger Energy Services Inc, Baker Hughes a GE company, and Oceaneering International.

National-Oilwell has an analyst consensus of Hold, with a price target consensus of $38.74, representing a 30.0% upside. In a report issued on January 4, Citigroup also maintained a Hold rating on the stock with a $29 price target.

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The company has a one-year high of $49.08 and a one-year low of $24.27. Currently, National-Oilwell has an average volume of 4.15M.

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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.

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