National Oilwell Varco traded at $19.76 this Monday August 24th, decreasing $0.66 or 3.23 percent since the previous trading session. Looking back, over the last four weeks, National Oilwell Varco lost 3.47 percent. Over the last 12 months, its price rose by 50.15 percent. Looking ahead, we forecast National Oilwell Varco to be priced at 19.98 by the end of this quarter and at 18.73 in one year, according to Trading Economics global macro models projections and analysts expectations.
Nov Inc., formerly National Oilwell Varco, Inc., is an oilfield equipment manufacturer and technology provider. The Company operates through four segments: Rig Technologies, Wellbore Technologies and Completion & Production Solutions. The Rig Technologies segment designs, manufactures, sells, and supports land rigs, offshore drilling equipment packages, and drilling rig components. The Wellbore Technologies segment designs, manufactures, rents and sells a range of equipment and technologies used to perform drilling operations. The Completion & Production Solutions segment integrates technologies for well completions and oil and gas production.