National Oilwell Varco (NOV) Shares are Down -3.36%

National Oilwell Varco (NOV) has risen sharply, recording gains of 6.77% in the past 4 weeks. However, the stock has corrected -3.36% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 6.99% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 1.41% and the fifty day Moving Average is 2.95%. National Oilwell Varco, Inc. is up 6.03% in the last three month period. Year-to-Date the stock performance stands at 4.81%.

National Oilwell Varco (NOV) has been rated by 15 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $45 and the lowest price target forecast is $25. The average forecast of all the analysts is $34.27 and the expected standard deviation is $6.02.


National Oilwell Varco (NYSE:NOV): On Fridays trading session , Opening price of the stock was $35.31 with an intraday high of $35.69. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $34.24. However, the stock managed to close at $34.54, a loss of 1.88% for the day. On the previous day, the stock had closed at $35.2. The total traded volume of the day was 2,924,856 shares.

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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