Barclays analyst David Anderson maintained a Hold rating on National-Oilwell (NOV) yesterday and set a price target of $11.00. The company’s shares closed last Thursday at $11.45.
According to TipRanks.com, Anderson ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -9.4% and a 34.9% success rate. Anderson covers the Services sector, focusing on stocks such as Nextier Oilfield Solutions, Ranger Energy Services, and Frank’s International.
Currently, the analyst consensus on National-Oilwell is a Hold with an average price target of $13.23, representing a 15.8% upside. In a report released yesterday, Piper Sandler also maintained a Hold rating on the stock with a $11.30 price target.
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Based on National-Oilwell’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.5 billion and GAAP net loss of $93 million. In comparison, last year the company earned revenue of $2.13 billion and had a GAAP net loss of $5.39 billion.
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National Oilwell Varco, Inc. provides equipment and technology to the upstream oil and gas industry. The company operates through the following segments: Rig Technologies, Wellbore Technologies, and Completion and Production Solutions. The Rig Technologies segment monitors its capital equipment backlog to plan its business. The Wellbore Technologies segment designs, manufactures, rents, and sells a variety of equipment and technologies used to perform drilling operations, and offers services that optimize their performance. The Completion and Production Solutions segment integrates technologies for well completions and oil and gas production. The company was founded in 1841 and is headquartered in Houston, TX.
