ogbull Thursday, 02/04/16 07:55:24 PM Re: None Post # of 354 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.