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Enter Symbol:
National-oilwell, Inc. (NOV) [hlAlert]

down 38.55 %

National-oilwell, Inc. (NOV) rated Overweight with price target $97 by HSBC Securities

Posted on: Thursday,  Jun 21, 2012  8:25 AM ET by HSBC Securities

HSBC Securities rated Overweight National-oilwell, Inc. (NYSE: NOV) on 06/21/2012, when the stock price was $67.31. Since
then, National-oilwell, Inc. has lost 38.55% as of 01/12/2016's recent price of $41.36.
If you would have followed this HSBC Securities's recommendation on NOV, you would have lost 38.55% of your investment in 1300 days.

National Oilwell Varco, Inc. (NOV) is a provider of equipment and components 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 in three segments. The Rig Technology segment designs, manufactures, sells and services systems for the drilling, completion and servicing of oil and gas wells. The Petroleum Services & Supplies segment provides a variety of consumable goods and services used to drill, complete, remediate and workover oil and gas wells, service pipelines, flowlines and other oilfield tubular goods. The Distribution Services segment provides maintenance, repair and operating (MRO) supplies, and spare parts to drill site and production locations worldwide.On April 21, 2008, NOV acquired Grant Prideco, Inc. In December 2008, it acquired Sakhalin Outfitters LLC and Mid-South Machine, Inc. In April 2009, NOV acquired ASEP Group Holding B.V. and Anson Limited.

HSBC has refined and refocused its Global Equities organisation, creating a lean and flexible business model built to meet the needs of global issuers and investors today and in the future. Acknowledging the changing demands of clients, we have also refined our research model, moving away from traditional maintenance to focus on long term, thematic research (a two-year-plus horizon) combined with short term (zero to three months), real-time, actionable ideas both for companies and sectors.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/21/2012 8:25 AM Buy
67.31 97.00
as of 12/31/2012
1 Week up  0.78 %
1 Month up  0.07 %
3 Months down  -14.67 %
1 YTD up  1.54 %

(*) Stock Price at the time of the recommendation.
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