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Natl Oilwell Varco (NYSE:NOV) “Market Perform” Rating Reaffirmed by Cowen; With $36.0 Target

Cowen and Company Analyst Rating Change Natl Oilwell Varco NYSE:NOV

Natl Oilwell Varco (NYSE:NOV) Rating Restated

In analysts note sent to investors on today, Cowen reaffirmed their “Market Perform” rating on Natl Oilwell Varco (NYSE:NOV)’s stock. The target price would suggest a potential upside of 10.29 % from firm’s last stock price.

According to data compiled by Thomson Reuters, Natl Oilwell Varco (NYSE:NOV)’s stock is covered by 31 equity analysts across the Street, with 0 analysts giving it a Sell rating, 0 a Buy rating, while 0 consider it a Hold. The 12-month consensus target price for the stock is $31.03, which reflects an downside potential of 8.63% over the current price.

Institutional Ownership

Arosa Capital Management Lp had the most significant stake with ownership of 1.51 million shares as of Q2 2015 for 7.39% of the US equity exposure. Hutchinson Capital Management Ca is another quite bullish investment professional who is having 565,837 shares of Natl Oilwell Varco or 6.48% of their US equity exposure. Furthermore, Vulcan Value Partners Llc have 6.19% of their US equity exposure invested in the company for 18.35 million shares. The Jersey-based fund Contrarius Investment Management Ltd revealed it had acquired so far a stake worth about 6.17% of the investment professional’s stock portfolio in Natl Oilwell Varco. The Texas-based fund Academy Capital Management Inc Tx is also positive about the stock, possessing 2.28 million shares or 5.53% of their US equity exposure.

Natl Oilwell Varco (NYSE:NOV) Profile

National Oilwell Varco IncNational 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.

Natl Oilwell Varco (NYSE:NOV) traded up 1.63% on 8 February, hitting $33.96. A total of 25,869 shares of the company’s stock traded hands. This is down from average of 3.11M shares. Natl Oilwell Varco has a 52 week low of $29.90 and a 52 week high of $43.63. The company has a market cap of $12.91B and a P/E ratio of 0.

Get the latest Natl Oilwell Varco (NYSE:NOV) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post Natl Oilwell Varco (NYSE:NOV) “Market Perform” Rating Reaffirmed by Cowen; With $36.0 Target appeared first on Octafinance.

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Natl Oilwell Varco (NYSE:NOV) “Market Perform” Rating Reaffirmed by Cowen; With $36.0 Target


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