Susquehanna analyst Charles Minervino reiterated a Hold rating on National-Oilwell (NOV) on February 8 and set a price target of $31. The company’s shares closed yesterday at $28.83.
According to TipRanks.com, Minervino ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -18.3% and a 23.5% success rate. Minervino covers the Basic Materials sector, focusing on stocks such as Helmerich & Payne, Nabors Industries, and Superior Energy.
Currently, the analyst consensus on National-Oilwell is a Hold with an average price target of $32.14, an 11.5% upside from current levels. In a report issued on February 7, Credit Suisse also maintained a Hold rating on the stock with a $30 price target.
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The company has a one-year high of $49.08 and a one-year low of $24.27. Currently, National-Oilwell has an average volume of 4.23M.
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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.
