January 19, 2017

National Oilwell Varco (NOV) Upgraded by Societe Generale to “Buy”

National Oilwell Varco (NYSE:NOV) was upgraded by analysts at Societe Generale from a “hold” rating to a “buy” rating in a research report issued on Thursday. The firm currently has a $44.00 price objective on the oil and gas exploration company’s stock. Societe Generale’s target price would suggest a potential upside of 17.58% from the stock’s current price.

Several other equities analysts have also recently commented on NOV. Seaport Global Securities cut shares of National Oilwell Varco from a “neutral” rating to a “sell” rating and set a $34.00 target price for the company. in a research report on Thursday, December 1st. Johnson Rice cut shares of National Oilwell Varco from a “buy” rating to a “hold” rating in a research report on Friday, December 9th. RBC Capital Markets reiterated a “hold” rating and set a $47.00 price objective on shares of National Oilwell Varco in a research report on Friday, January 6th. Zacks Investment Research cut shares of National Oilwell Varco from a “buy” rating to a “hold” rating in a research report on Tuesday, October 18th. Finally, BMO Capital Markets set a $30.00 price objective on shares of National Oilwell Varco and gave the stock a “sell” rating in a research report on Thursday, January 12th. Four equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $34.94.




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