A statement released earlier today by Seaport Global about National Oilwell Varco (NYSE:NOV) bumps the target price to $34.00
- Updated: December 1, 2016
Displaying a price of $37.85, National Oilwell Varco (NYSE:NOV) traded 4.04% higher on the day. The last closing price is up 14.24% from the 200-day average, compared with the Standard & Poor's 500 Index which has decreased -0.03% over the same period. National Oilwell Varco has recorded a 50-day average of $34.98 and a two hundred day average of $34.02. Volume of trade was down over the average, with 2,213,211 shares of NOV changing hands under the typical 3,952,630
Stating a potential downside of -0.10%, Seaport Global upped the price target of National Oilwell Varco (NYSE:NOV) to $34.00
On 03/09/2016, Susquehanna released a statement on National Oilwell Varco (NYSE:NOV) upped the target price from $27.00 to $30.00 that suggested a downside of -0.06%.
With a total market value of $0, National Oilwell Varco has with a one year low of $25.74 and a one year high of $38.90 .
A total of 31 equity analysts have released a ratings update on NOV. zero equity analysts rating the company a strong buy, zero equity analysts rating the company a buy, zero equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $31.03.
Brief Synopsis About National Oilwell Varco (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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