RBC Capital analyst Kurt Hallead maintained a Hold rating on National-Oilwell on Monday, setting a price target of $14, which is approximately 14.85% above the present share price of $12.19.
Hallead expects National-Oilwell to post earnings per share (EPS) of -$5.34 for the second quarter of 2020.
The current consensus among 14 TipRanks analysts is for a Moderate Buy rating of shares in National-Oilwell, with an average price target of $12.8.
The analysts price targets range from a high of $17 to a low of $8.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $1.88 billion and a net profit of -$59 million. The company's market cap is $4.72 billion.
According to TipRanks.com, RBC Capital analyst Kurt Hallead is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -17.6% and a 26.49% success rate.
National Oilwell Varco (NYSE:NOV), Inc. provides equipment and technology to the upstream oil and gas industry. The company operates through the following segments: Rig Technologies, Wellbore Technologies, and Completion and Production Solutions. The Rig Technologies segment monitors its capital equipment backlog to plan its business. 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.