RBC Capital analyst Kurt Hallead reiterated a Hold rating on National-Oilwell (NYSE: NOV) on October 26 and set a price target of $43. The company’s shares closed on Friday at $35.89.
According to TipRanks.com, Hallead is a 2-star analyst with an average return of 0.1% and a 40.0% success rate. Hallead covers the Basic Materials sector, focusing on stocks such as Independence Contract Drilling, Ncs Multistage Holdings Inc, and Baker Hughes a GE company.
The word on The Street in general, suggests a Hold analyst consensus rating for National-Oilwell with a $46 average price target, a 28.2% 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 3.35M.
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.
