Cowen & Co. Keeps Their Hold Rating on National-Oilwell (NOV)

By Carrie Williams

In a report released yesterday, Marc Bianchi from Cowen & Co. reiterated a Hold rating on National-Oilwell (NOVResearch Report), with a price target of $29. The company’s shares closed yesterday at $28.83.

According to TipRanks.com, Bianchi is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -15.5% and a 24.6% success rate. Bianchi covers the Basic Materials sector, focusing on stocks such as Covia Holdings Corporation, Propetro Holding Corp, and Core Laboratories.

The word on The Street in general, suggests a Hold analyst consensus rating for National-Oilwell with a $32.29 average price target, a 12.0% upside from current levels. In a report issued on February 7, Credit Suisse also maintained a Hold rating on the stock with a $30 price target.

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The company has a one-year high of $49.08 and a one-year low of $24.27. Currently, National-Oilwell has an average volume of 4.25M.

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National Oilwell Varco, Inc. provides equipment and components that are used in oil and gas drilling and production operations, oilfield services, and supply chain integration services to the upstream oil and gas industry. The firm operates through the following segments: Rig Technologies, Wellbore Technologies, and Completion and Production Solutions.