In a report issued on February 7, Mike Urban from Seaport Global reiterated a Sell rating on National-Oilwell (NOV), with a price target of $24. The company’s shares opened today at $28.06, close to its 52-week low of $24.27.
According to TipRanks.com, Urban has 0 stars on 0-5 star ranking scale with an average return of -12.9% and a 33.3% success rate. Urban covers the Basic Materials sector, focusing on stocks such as Solaris Oilfield Infrastructure Inc, Natural Gas Services Group, and Covia Holdings Corporation.
Currently, the analyst consensus on National-Oilwell is a Hold with an average price target of $32.50.
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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 4.25M.
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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.
