Jefferies analyst Brad Handler reiterated a Hold rating on National-Oilwell (NOV) on December 13 and set a price target of $32. The company’s shares closed on Friday at $26.68, close to its 52-week low of $26.53.
According to TipRanks.com, Handler has 0 stars on 0-5 star ranking scale with an average return of -9.9% and a 32.4% success rate. Handler covers the Basic Materials sector, focusing on stocks such as Baker Hughes a GE company, Mammoth Energy Services, and C&J Energy Services Inc.
The word on The Street in general, suggests a Hold analyst consensus rating for National-Oilwell with a $42.19 average price target, representing a 58.1% upside. In a report issued on December 3, Cowen & Co. also reiterated a Hold rating on the stock with a $39 price target.
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The company has a one-year high of $49.08 and a one-year low of $26.53. Currently, National-Oilwell has an average volume of 3.67M.
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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.
