2 weeks Ago By Defense World Staff
NOV ( NYSE:NOV – Get Free Report ) was downgraded by research analysts at Citigroup from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Monday, MarketBeat reports. They presently have a $18.00 target price on the oil and gas exploration company’s stock, down from their prior target price of $21.
00. Citigroup’s price objective suggests a potential upside of 8.79% from the company’s previous close.
Several other analysts have also recently issued reports on the company. Wells Fargo & Company reduced their price objective on NOV from $16.00 to $15.
00 and set an “underweight” rating on the stock in a research note on Monday, November 4th. Morgan Stanley lowered their price objective on NOV from $25.00 to $23.
00 and set an “overweight” rating for the company in a research report on Monday, September 16th. Benchmark reaffirmed a “hold” rating on shares of NOV in a report on Friday, July 26th. Susquehanna lowered their price target on shares of NOV from $22.
00 to $21.00 and set a “positive” rating for the company in a report on Monday, October 28th. Finally, JPMorgan Chase & Co.
reduced their price objective on shares of NOV from $23.00 to $22.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd.
Two analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, NOV presently has a consensus rating of “Hold” and a consensus target price of $21.
64. Read Our Latest Report on NOV NOV Price Performance Institutional Investors Weigh In On NOV Several large investors have recently modified their holdings of NOV. Mather Group LLC.
raised its position in NOV by 17.2% in the 2nd quarter. Mather Group LLC.
now owns 5,706 shares of the oil and gas exploration company’s stock valued at $111,000 after purchasing an additional 839 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of NOV by 18.2% during the second quarter.
GAMMA Investing LLC now owns 5,496 shares of the oil and gas exploration company’s stock worth $104,000 after buying an additional 848 shares during the period. Quadrature Capital Ltd grew its holdings in shares of NOV by 3.1% during the first quarter.
Quadrature Capital Ltd now owns 29,481 shares of the oil and gas exploration company’s stock worth $576,000 after buying an additional 889 shares during the last quarter. Truist Financial Corp increased its position in NOV by 3.4% in the 2nd quarter.
Truist Financial Corp now owns 29,729 shares of the oil and gas exploration company’s stock valued at $565,000 after acquiring an additional 991 shares during the period. Finally, HM Payson & Co. raised its stake in NOV by 2.
1% during the 3rd quarter. HM Payson & Co. now owns 49,000 shares of the oil and gas exploration company’s stock valued at $783,000 after acquiring an additional 1,000 shares during the last quarter.
93.27% of the stock is owned by institutional investors and hedge funds. About NOV ( Get Free Report ) NOV Inc designs, constructs, manufactures, and sells systems, components, and products for oil and gas drilling and production, and industrial and renewable energy sectors in the United States and internationally.
It operates through two segments, Energy Equipment, and Energy Products and Services. The company provides solids control and waste management equipment and services, managed pressure drilling, drilling fluids, premium drillpipe, wired pipe, drilling optimization services, tubular inspection and coating services, instrumentation, downhole tools, and drill bits. Read More Five stocks we like better than NOV How Can Retail Investors Trade the Toronto Stock Exchange (TSX)? Home Depot Stock: Targeting 12% in 2024 and 25% More in 2025 Stock Average Calculator Is Tesla’s Valuation a Bubble or Backed by Real Growth? Quiet Period Expirations Explained Trucking Stocks Led the Pack Last Week: Can They Keep Rolling? Receive News & Ratings for NOV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NOV and related companies with MarketBeat.
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