.png "National-Oilwell (NYSE: NOV)")
Susquehanna analyst Charles Minervino reiterated a Hold rating on National-Oilwell (NYSE: NOV) on July 9 and set a price target of $39. The company’s shares closed yesterday at $44.24, close to its 52-week high of $46.
According to TipRanks.com, Minervino is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -6.6% and a 36.3% success rate. Minervino covers the Basic Materials sector, focusing on stocks such as Baker Hughes a GE company, Diamond Offshore Drilling, and Oil States International.
National-Oilwell has an analyst consensus of Hold, with a price target consensus of $36.40, representing a -17.7% downside. In a report issued on June 29, Wells Fargo also maintained a Hold rating on the stock.
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Based on National-Oilwell’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.79 billion and GAAP net loss of $68 million. In comparison, last year the company earned revenue of $1.76 billion and had a GAAP net loss of $75 million.
Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is negative on the stock. Last month, Joseph Rovig, the President – Rig Technologies of NOV sold 76,436 shares for a total of $3,281,948.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
