In a report released yesterday, Daniel Boyd from BMO Capital reiterated a Sell rating on National-Oilwell (NOV), with a price target of $38. The company’s shares closed yesterday at $36.53.
According to TipRanks.com, Boyd is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -8.8% and a 36.8% success rate. Boyd covers the Basic Materials sector, focusing on stocks such as C&J Energy Services Inc, Helmerich & Payne, and Nabors Industries.
Currently, the analyst consensus on National-Oilwell is a Moderate Buy with an average price target of $43.06, representing a 17.9% upside. In a report issued on October 29, Seaport Global also maintained a Sell rating on the stock with a $31 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 3.2M.
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.
