The President – Rig Technologies of National-Oilwell is Exercising Options


Today, the President – Rig Technologies of National-Oilwell, Joseph Rovig, exercised options of National-Oilwell (NYSE: NOV) for $3.28M.

Following Joseph Rovig’s last NOV Sell transaction on March 03, 2017, the stock climbed by 3.0%.

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Based on National-Oilwell’s latest earnings report for the quarter ending March 31, the company posted 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. Currently, National-Oilwell has an average volume of 2.98M.

Nine different firms, including Barclays and BMO Capital, currently also have a Sell rating on the stock. Based on 5 analyst ratings, the analyst consensus is Hold with an average price target of $35.33, reflecting a 22.8% upside.

The insider sentiment on National-Oilwell has been negative according to 34 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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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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