National Oilwell Varco (NOV) : 6 brokerage houses believe that National Oilwell Varco (NOV) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 13 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on National Oilwell Varco (NOV). Zacks Investment Research suggests a Hold with a rank of 3. 2 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 23 Wall Street Analysts endorse the stock as a Hold with a rating of 2.61.
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 $34.47 and the expected standard deviation is $6.3.
Shares of National Oilwell Varco, Inc. rose by 1.2% in the last five trading days and 13.18% for the last 4 weeks. National Oilwell Varco, Inc. is up 12.54% in the last 3-month period. Year-to-Date the stock performance stands at 7.39%. National Oilwell Varco (NYSE:NOV): stock turned positive on Tuesday. Though the stock opened at $35.3, the bulls momentum made the stock top out at $35.73 level for the day. The stock recorded a low of $35.18 and closed the trading day at $35.39, in the green by 0.60%. The total traded volume for the day was 2,029,105. The stock had closed at $35.18 in the previous days trading.
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.