National-Oilwell Receives a Hold from Jefferies

Jefferies analyst Brad Handler reiterated a Hold rating on National-Oilwell (NYSE: NOV) today. The company’s shares closed yesterday at $34.45.

According to, Handler is ranked 0 out of 5 stars with an average return of -6.8% and a 46.6% success rate. Handler covers the Basic Materials sector, focusing on stocks such as Diamond Offshore Drilling, Oceaneering International, and Basic Energy Services.

Currently, the analyst consensus on National-Oilwell is Hold and the average price target is $25.50, representing a -26.0% downside.

In a report issued on August 16, Nomura Holdings also reiterated a Hold rating on the stock with a $29 price target.

Based on National-Oilwell`s latest earnings report from June 30, the company posted quarterly revenue of $1.72B and quarterly net profit of -$217M. In comparison, last year the company earned revenue of $3.91B and had a net profit of $289M.

Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is neutral on the stock. Earlier this month, Scott Duff, a the VP Cntrlr Chf Acctg Offcr of NOV sold 3,181 shares for a total of $106,254.

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 company operates through the following segments: Rig Systems, Rig Aftermarket, Wellbore Technologies, and Completion and Production Solutions. The Rig Systems segment designs, manufactures, and sells land rigs, offshore drilling equipment packages, including installation and commissioning services, and drilling rig components that mechanize and automate the drilling process and rig functionality. The Rig Aftermarket segment provides spare parts, repair, and rentals as well as technical support, field service, and first well support, field engineering, and customer training. The Wellbore Technologies segment designs, manufactures, rents, and sells a variety of equipment and technologies used to perform drilling operations, and offers services that optimize their performance. The Completion and Production Solutions segment integrates technologies for well completions and oil and gas production. The company was founded in 1841 and is headquartered in Houston, TX.