In a report released on April 26, Keith Mackey from RBC Capital maintained a Hold rating on NOV (NOV – Research Report), with a price target of $24.00. The company’s shares closed last Friday at $18.87.
Mackey covers the Energy sector, focusing on stocks such as Nabors Industries, Schlumberger, and Baker Hughes Company. According to TipRanks, Mackey has an average return of 24.4% and a 65.91% success rate on recommended stocks.
In addition to RBC Capital, NOV also received a Hold from Benchmark Co.’s Kurt Hallead in a report issued today. However, on April 26, Stifel Nicolaus maintained a Buy rating on NOV (NYSE: NOV).
Based on NOV’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.34 billion and a net profit of $598 million. In comparison, last year the company earned a revenue of $2.07 billion and had a net profit of $104 million
Based on the recent corporate insider activity of 39 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.
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NOV (NOV) Company Description:
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.
