National Oilwell Varco, Inc (NOV)

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Factors that hurt NOV’s fiscal 4Q15: (a) $1.2 billion in order cancellations, primarily related to floaters in Brazil. (b) Drillers delaying acceptance of contracted new-build rigs due to low demand. (c) Lower prices and volumes due to reduced drilling demand in North America. (d) a lower margin in the Rig aftermarket segment.

Offsetting these negatives was $272 million in order additions in well completion & production segment.

NOV’s total backlog now stands at $7.0 billion.

Scotia Howard Weil. an energy investment research and financial service provider, gave NOV a one-year target price of $45.

Barclays (BCS) gave National Oilwell Varco a one-year target price of $44.

NOV's sell-side analysts set a median target price ~$34.50.