Natl Oilwell Varco (NYSE:NOV) has been downgraded from Neutral to Sell in a statement by Citigroup earlier today.
- Updated: October 3, 2016
Having a price of $36.74, Natl Oilwell Varco (NYSE:NOV) traded -2.14% lower on the day. With the last close up 9.67% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Natl Oilwell Varco has recorded a 50-day average of $34.27 and a two hundred day average of $32.79. Volume of trade was down over the average, with 657,078 shares of NOV changing hands under the typical 3,929,860
Citigroup has downgraded Natl Oilwell Varco (NYSE:NOV) from Neutral to Sell in a statement released on 10/03/2016.
On Monday September 12, 2016, Citigroup released a statement on Natl Oilwell Varco (NYSE:NOV) upped the target price from $36.00 to $37.00 that suggested an upside of 0.12%.
Recent Performance Chart
Natl Oilwell Varco has 52 week low of $25.74 and a 52 week high of $42.62 and has a market capitalization of $0.
In addition to Citigroup reporting its stock price target, a total of 31 brokers have issued a research note on the company. The average stock price target is $31.03 with 0 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, 0 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
Brief Synopsis On Natl 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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