Piper Jaffray analyst Bill Herbert reiterated a Buy rating on National-Oilwell (NYSE: NOV) on October 26 and set a price target of $42. The company’s shares closed on Friday at $35.89.
According to TipRanks.com, Herbert ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -8.6% and a 27.5% success rate. Herbert covers the Basic Materials sector, focusing on stocks such as Ranger Energy Services Inc, Key Energy Services, and Precision Drilling.
Currently, the analyst consensus on National-Oilwell is a Hold with an average price target of $44.85.
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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.
