Cowen & Co. Sticks to Its Hold Rating for National-Oilwell (NOV)
Cowen & Co. analyst Marc Bianchi reiterated a Hold rating on National-Oilwell (NYSE: NOV) on October 9 and set a price target of $45. The company’s shares closed yesterday at $41.90.
According to TipRanks.com, Bianchi has currently no stars on a ranking scale of 0-5 stars, with an average return of -8.1% and a 30.8% success rate. Bianchi covers the Basic Materials sector, focusing on stocks such as Baker Hughes a GE company, Diamond Offshore Drilling, and Oceaneering International.
National-Oilwell has an analyst consensus of Hold, with a price target consensus of $46.14.
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The company has a one-year high of $49.08 and a one-year low of $31.47. Currently, National-Oilwell has an average volume of 3.2M.
Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is negative on the stock. Most recently, in August 2018, Eric Mattson, a Director at NOV sold 4,338 shares for a total of $197,986.
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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.