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A statement released earlier today by Citigroup Inc. about National-Oilwell Varco, Inc. (NYSE:NOV) bumps down the target price to $30.00

Yesterday National-Oilwell Varco, Inc. (NYSE:NOV) traded -2.14% lower at $36.74. The company’s 50-day moving average is $34.27 and its 200-day moving average is $32.79. The last stock close price is up 9.67% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 657,078 shares of the stock were exchanged, down from an average trading volume of 3,929,860

Citigroup Inc. dropped the target price of National-Oilwell Varco, Inc. (NYSE:NOV) to $30.00 reporting a possible downside of -0.18%.

Previously on Monday September 12, 2016, Citigroup reported about National-Oilwell Varco, Inc. (NYSE:NOV) raised the target price from $36.00 to $37.00. At the time, this indicated a possible upside of 0.12%.

See Chart Below

National-Oilwell Varco, Inc. (NYSE:NOV)

National-Oilwell Varco, Inc. has a 52 week low of $25.74 and a 52 week high of $42.62 The company’s market cap is currently $0.

In addition to Citigroup Inc. reporting its target price, a total of 31 firms have reported on the stock. The consensus target price is $31.03 with 0 firms rating the stock a strong buy, 0 firms rating the stock a buy, 0 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About National-Oilwell Varco, Inc. (NYSE:NOV)

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 operates through four segments: Rig Systems, which makes and supports the capital equipment and integrated systems needed to drill oil and gas wells on land and offshore; Rig Aftermarket, which provides aftermarket products and services to support land and offshore rigs, and drilling rig components manufactured by the Company's Rig Systems segment; Wellbore Technologies, which sells and rents solids control equipment, and provides solids control, waste management and drilling fluids services, and Completion & Production Solutions, which provides technologies for well completions and oil and gas production. The Company also provides oilfield services to the upstream oil and gas industry. The Company conducts operations in approximately 830 locations across the world.

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