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

Rating:
Buy NOV
down 32.69 %

National-oilwell, Inc. (NOV) upgraded to Buy with price target $90 by Argus

Posted on: Tuesday,  Sep 6, 2011  8:25 AM ET by Argus

Argus rated Buy National-oilwell, Inc. (NYSE: NOV) on 09/06/2011, when the stock price was $61.45. Since
then, National-oilwell, Inc. has lost 32.69% as of 01/12/2016's recent price of $41.36.
If you would have followed this Argus's recommendation on NOV, you would have lost 32.69% of your investment in 1589 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.

Argus Research is an independent research firm, and our business is producing, distributing and marketing high-quality investment and economic research. Our recommendations - BUY, HOLD and SELL - reflect the judgment of an analyst about a company's prospects as an investment in terms of value, expected growth and risks. Argus Research does not bring companies public, advise companies on mergers and acquisitions, broker trades, make markets in stocks or manage money. Our independence allows us to make critical judgments about companies that we might not be so free to make were we competing for a firm's underwriting business. Because we're not a broker/dealer, we don't have "inventory" of a stock that we have to move with a tainted recommendation. We have developed a six-point system for analyzing the stocks in our Universe of Coverage. We believe that this system
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/6/2011 8:25 AM Buy
None
61.45 90.00
as of 12/30/2011
1 Week down  -0.70 %
1 Month down  -5.17 %
3 Months up  32.74 %
1 YTD up  10.64 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/4/2009 8:25 AM Hold
None
32.34

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