5 Things National-Oilwell Varco, Inc.'s CEO Wants You to Know About Its Future
National Oilwell Varco (NYSE: NOV) recently reported another quarter of improving financial results. That came in spite of several headwinds, including a decline in the price of oil, which caused drilling activities in the U.S. to fall, taking equipment spending with it. As a result, two of its segments unexpectedly stepped backward last quarter.
Given that backdrop, CEO Clay Williams spent some time on the accompanying conference call giving investors a glimpse at what the company sees up ahead. Overall, he made five points about the industry's direction and what that means for the company.
Image source: Getty Images.
Source: Fool.com
NOV Inc. Stock
€17.27
1.830%
We see a rather positive sentiment for NOV Inc. with 13 Buy predictions and 2 Sell predictions.
As a result the target price of 24 € shows a positive potential of 39.01% compared to the current price of 17.27 € for NOV Inc..
