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Natl Oilwell Varco (NYSE:NOV) target price raised to $34.00, issued a report today by Seaport Global Securities

Natl Oilwell Varco (NYSE:NOV) had its target price raised to $34.00 by Seaport Global Securities in a report released 12/1/2016. The new target price indicates a possible downside of -0.09% based on the company's last stock close price.

Previously on 03/09/2016, Susquehanna reported about Natl Oilwell Varco (NYSE:NOV) raised the target price from $27.00 to $30.00. At the time, this indicated a possible downside of -0.06%.

Yesterday Natl Oilwell Varco (NYSE:NOV) traded 4.04% higher at $37.36. The company’s 50-day moving average is $34.98 and its 200-day moving average is $34.02. The last stock close price is up 14.24% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 2,213,211 shares of the stock were exchanged, down from an average trading volume of 3,952,630

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Natl Oilwell Varco (NYSE:NOV)

Natl Oilwell Varco has a 52 week low of $25.74 and a 52 week high of $38.90 The company’s market cap is currently $0.

In addition to Seaport Global Securities reporting its target price, a total of 31 firms have issued a report 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. (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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