.png "National-Oilwell (NYSE: NOV)")
Piper Sandler analyst Bill Herbert maintained a Hold rating on National-Oilwell (NOV) today and set a price target of $9.00. The company’s shares closed last Wednesday at $13.07.
According to TipRanks.com, Herbert ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -21.6% and a 25.4% success rate. Herbert covers the Services sector, focusing on stocks such as Baker Hughes Company, Precision Drilling, and Schlumberger.
Currently, the analyst consensus on National-Oilwell is a Moderate Buy with an average price target of $14.18, which is a 13.7% upside from current levels. In a report issued on April 16, Citigroup also maintained a Hold rating on the stock with a $11.25 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 $2.28 billion and GAAP net loss of $385 million. In comparison, last year the company earned revenue of $2.4 billion and had a net profit of $12 million.
Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NOV in relation to earlier this year.
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 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.
