Piper Sandler Maintains Neutral Rating for NOV: Here's What You Need To Know

Piper Sandler has decided to maintain its Neutral rating of NOV NOV and lower its price target from $25.00 to $22.00.

Shares of NOV are trading down 0.75% over the last 24 hours, at $17.09 per share.

A move to $22.00 would account for a 28.73% increase from the current share price.

About NOV

NOV (formerly National Oilwell Varco) is a leading supplier of oil and gas drilling rig equipment and products, such as downhole tools, drill pipe, and well casing. The company operates on a global scale, with international markets contributing more than 60% of its annual revenue.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.