.png "National-Oilwell (NYSE: NOV)")
In a report issued on October 29, Marc Bianchi from Cowen & Co. reiterated a Hold rating on National-Oilwell (NYSE: NOV), with a price target of $42. The company’s shares opened today at $36.80.
According to TipRanks.com, Bianchi has currently no stars on a ranking scale of 0-5 stars, with an average return of -11.0% and a 26.9% success rate. Bianchi covers the Basic Materials sector, focusing on stocks such as Diamond Offshore Drilling, Oceaneering International, and Propetro Holding Corp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for National-Oilwell with a $43.06 average price target, implying a 17.0% upside from current levels. In a report issued on October 18, Jefferies also maintained a Hold rating on the stock with a $46 price target.
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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 3.29M.
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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
