Barclays Downgraded National-Oilwell Varco, Inc. (NOV)

National-Oilwell Varco, Inc. (NYSE:NOV) was downgraded by analysts at Barclays from an “overweight” rating to an “equal weight” rating in a note issued to investors on Wednesday, reports. They currently have a $33.00 price objective on the oil and gas exploration company’s stock. Barclays’ price objective points to a potential upside of 12.94% from the stock’s current price.

Shares of National-Oilwell Varco (NYSE:NOV) opened at 29.22 on Wednesday. National-Oilwell Varco has a one year low of $25.74 and a one year high of $56.13. The stock’s market capitalization is $10.98 billion. The stock has a 50 day moving average of $30.82 and a 200-day moving average of $33.39.

Source: American Banking and Market News

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