Brokerage Firm Rating Update on National Oilwell Varco (NOV)

National Oilwell Varco (NOV) has an average broker rating of 2.61, which is interpreted as a Hold, as rated by 23 equity analysts. Nonetheless, 6 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 13 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 2 considers that the stock is a Sell.

National Oilwell Varco (NOV) : Average target price received by National Oilwell Varco (NOV) is $34.27 with an expected standard deviation of $6.02. The most aggressive target on the stock is $45, whereas the most downbeat target is $25. 15 financial analysts are currently covering the stock.


Company shares have received an average consensus rating of Hold for the current week Also, Equity Analysts at the Brokerage Firm, Johnson Rice, upgrades their rating on the shares of National Oilwell Varco (NYSE:NOV). Johnson Rice has a Accumulate rating on the shares. Previously, the analysts had a Hold rating on the shares. The rating by the firm was issued on July 29, 2016.

National Oilwell Varco (NYSE:NOV): stock was range-bound between the intraday low of $33.9 and the intraday high of $34.7301 after having opened at $34.31 on Wednesdays session. The stock finally closed in the red at $34.31, a loss of -0.73%. The stock remained in the red for the whole trading day. The total traded volume was 3,868,043 shares. The stock failed to cross $34.7301 in Wednesdays trading. The stocks closing price on Thursday was $34.28.

National Oilwell Varco, Inc. (NOV) is engaged in providing design, manufacture and sale of equipment and components used in oil and gas drilling, completion and production operations. The Company also provides oilfield services to the upstream oil and gas industry. The Company operates through four segments: Rig Systems, Rig Aftermarket, Wellbore Technologies, and Completion & Production Solutions. Its Rig Systems segment makes and supports the capital equipment and integrated systems needed to drill oil and gas wells on land and offshore. Its Rig Aftermarket segment provides aftermarket products and services to support land and offshore rigs, and drilling rig components manufactured by the Companys Rig Systems segment. Its Wellbore Technologies segment sells and rents solids control equipment; and provides solids control, waste management and drilling fluids services. Its Completion & Production Solutions segment provides technologies for well completions and oil and gas production.

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