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Loop Capital upgraded Natl Oilwell Varco (NYSE:NOV) from Hold to Buy in a report released today.

Loop Capital has upgraded Natl Oilwell Varco (NYSE:NOV) from Hold to Buy in a report released on Thursday August 17, 2017.

Just yesterday Natl Oilwell Varco (NYSE:NOV) traded 0.70% higher at $29.94. Natl Oilwell Varco’s 50-day moving average is $32.57 and its 200-day moving average is $35.55. The last closing price is down -15.19% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.05% over the same time period. 743,737 shares of NOV traded hands, down from an average trading volume of 3,198,650

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Natl Oilwell Varco (NYSE:NOV)

Natl Oilwell Varco has a 52 week low of $29.90 and a 52 week high of $43.63 The company’s market cap is currently $0.

In addition to Loop Capital 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 Natl Oilwell Varco (NYSE:NOV)

National Oilwell Varco, Inc. is an oilfield equipment manufacturer and technology provider. The Company operates through four segments: Rig Systems, Rig Aftermarket, Wellbore Technologies and Completion & Production Solutions. The Rig Systems segment makes and supports the capital equipment and integrated systems needed to drill oil and gas wells on land and offshore. The Rig Systems segment designs, manufactures and sells land rigs, offshore drilling equipment packages, and drilling rig components. The Rig Aftermarket segment provides aftermarket products and services to support a large installed base of land and offshore rigs, and drilling rig components manufactured by the Company's Rig Systems segment. The Wellbore Technologies segment designs, manufactures, rents and sells a range of equipment and technologies used to perform drilling operations. The Completion & Production Solutions segment integrates technologies for well completions and oil and gas production.

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