SunTrust Robinson Reiterates Their Hold Rating on National-Oilwell (NOV)


In a report issued on February 8, Kenneth Sill from SunTrust Robinson reiterated a Hold rating on National-Oilwell (NOV), with a price target of $29. The company’s shares opened today at $28.90.

According to TipRanks.com, Sill ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -23.6% and a 18.8% success rate. Sill covers the Basic Materials sector, focusing on stocks such as Helmerich & Payne, Superior Energy, and Weatherford.

National-Oilwell has an analyst consensus of Hold, with a price target consensus of $31.93, implying a 10.5% 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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Based on National-Oilwell’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.4 billion and net profit of $12 million. In comparison, last year the company earned revenue of $1.97 billion and had a GAAP net loss of $14 million.

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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.

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