NOV stock drops after BofA analysts turns bearish after double downgrade

Dow Jones2022-03-12

MW NOV stock drops after BofA analysts turns bearish after double downgrade

Shares of NOV Inc. $(NOV)$ dropped 3.4% in afternoon trading Friday, after BofA Securities analyst Chase Mulvehill swung to bearish from bullish on the oil services company, citing valuation and concerns over the negative impacts of Russia's invasion of Ukraine. Mulvehill double downgraded NOV to underperform from buy, even as the stock price target was raised to $22 from $18. The stock has run up 23.4% month to date, while the VanEck Oil Services Pacer Swan SOS Fund of Funds ETF|ETF $(OIH)$ has advanced 16.5%, crude oil futures have climbed 13.7% and the S&P 500 has slipped 2.8%, even as Wall Street estimates for earnings before interest, taxes, depreciation and amortization (Ebitda) have declined. "[W]e are not 100% confident that Russia developments don't make sourcing materials, like aluminum, copper, nickel and steel, more problematic for a company that was already struggling with its supply chain and material cost inflation," Mulvehill wrote in a note to clients. He also downgraded Cactus Inc. (WHD) and ChampionX Corp. $(CHX)$ to neutral from buy amid valuation concerns, and their stocks fell 6.2% and 0.5%, respectively. Meanwhile, Mulvehill upgraded Liberty Oilfield Services Inc. $(LBRT)$ and Chart Industries Inc. $(GTLS)$ to buy from neutral, and shares of Liberty jumped 2.4% and Chart gained 0.3%.

-Tomi Kilgore

$(END)$ Dow Jones Newswires

March 11, 2022 13:27 ET (18:27 GMT)

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Mulvehill double downgraded NOV to underperform from buy, even as the stock price target was raised to $22 from $18. The stock has run up 23.4% month to date, while the VanEck Oil Services <a href=\"https://laohu8.com/S/PSFF\">Pacer Swan SOS Fund of Funds ETF|ETF</a> <a href=\"https://laohu8.com/S/OIH\">$(OIH)$</a> has advanced 16.5%, crude oil futures  have climbed 13.7% and the S&amp;P 500  has slipped 2.8%, even as Wall Street estimates for earnings before interest, taxes, depreciation and amortization (Ebitda) have declined. \"[W]e are not 100% confident that Russia developments don't make sourcing materials, like aluminum, copper, nickel and steel, more problematic for a company that was already struggling with its supply chain and material cost inflation,\" Mulvehill wrote in a note to clients. He also downgraded <a href=\"https://laohu8.com/S/WHD\">Cactus Inc.</a> (WHD) and ChampionX Corp. <a href=\"https://laohu8.com/S/CHX\">$(CHX)$</a> to neutral from buy amid valuation concerns, and their stocks fell 6.2% and 0.5%, respectively. Meanwhile, Mulvehill upgraded <a href=\"https://laohu8.com/S/BDFC\">Liberty Oilfield Services Inc.</a> <a href=\"https://laohu8.com/S/LBRT\">$(LBRT)$</a> and Chart Industries Inc. <a href=\"https://laohu8.com/S/GTLS\">$(GTLS)$</a> to buy from neutral, and shares of <a href=\"https://laohu8.com/S/LFG.AU\">Liberty</a> jumped 2.4% and Chart gained 0.3%. \n</p>\n<p>\n  -Tomi Kilgore \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n  March 11, 2022 13:27 ET (18:27 GMT)\n</p>\n<p>\n  Copyright (c) 2022 Dow Jones &amp; Company, Inc.\n</p>\n</font></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>NOV stock drops after BofA analysts turns bearish after double downgrade</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNOV stock drops after BofA analysts turns bearish after double downgrade\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-03-12 02:27</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW NOV stock drops after BofA analysts turns bearish after double downgrade\n</p>\n<p>\n  Shares of NOV Inc. <a href=\"https://laohu8.com/S/NOV\">$(NOV)$</a> dropped 3.4% in afternoon trading Friday, after BofA Securities analyst Chase Mulvehill swung to bearish from bullish on the oil services company, citing valuation and concerns over the negative impacts of Russia's invasion of Ukraine. 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He also downgraded <a href=\"https://laohu8.com/S/WHD\">Cactus Inc.</a> (WHD) and ChampionX Corp. <a href=\"https://laohu8.com/S/CHX\">$(CHX)$</a> to neutral from buy amid valuation concerns, and their stocks fell 6.2% and 0.5%, respectively. Meanwhile, Mulvehill upgraded <a href=\"https://laohu8.com/S/BDFC\">Liberty Oilfield Services Inc.</a> <a href=\"https://laohu8.com/S/LBRT\">$(LBRT)$</a> and Chart Industries Inc. <a href=\"https://laohu8.com/S/GTLS\">$(GTLS)$</a> to buy from neutral, and shares of <a href=\"https://laohu8.com/S/LFG.AU\">Liberty</a> jumped 2.4% and Chart gained 0.3%. \n</p>\n<p>\n  -Tomi Kilgore \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n  March 11, 2022 13:27 ET (18:27 GMT)\n</p>\n<p>\n  Copyright (c) 2022 Dow Jones &amp; Company, Inc.\n</p>\n</font></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"OIH","symbol_name":"石油服务ETF","start_time":0,"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2218248202","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2218248202","pubTimestamp":1647023220,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"MW NOV stock drops after BofA analysts turns bearish after double downgrade\n\n\n  Shares of NOV Inc. $","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"OIH":"石油服务ETF","GTLS":"查特工业","CHX":"Championx Corporation","NOV":"华高","WHD":"Cactus Inc.","LBRT":"Liberty Oilfield Services Inc.","BK4179":"石油天然气设备与服务"},"translate_title":"美国银行分析师在两次下调评级后转为看跌，11月股票下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"OIH":0.9,"GTLS":0.9,"NOV":1,"CHX":0.9,"LBRT":0.9,"WHD":0.9},"content_text":"MW NOV stock drops after BofA analysts turns bearish after double downgrade\n\n\n  Shares of NOV Inc. $(NOV)$ dropped 3.4% in afternoon trading Friday, after BofA Securities analyst Chase Mulvehill swung to bearish from bullish on the oil services company, citing valuation and concerns over the negative impacts of Russia's invasion of Ukraine. Mulvehill double downgraded NOV to underperform from buy, even as the stock price target was raised to $22 from $18. The stock has run up 23.4% month to date, while the VanEck Oil Services Pacer Swan SOS Fund of Funds ETF|ETF $(OIH)$ has advanced 16.5%, crude oil futures  have climbed 13.7% and the S&P 500  has slipped 2.8%, even as Wall Street estimates for earnings before interest, taxes, depreciation and amortization (Ebitda) have declined. \"[W]e are not 100% confident that Russia developments don't make sourcing materials, like aluminum, copper, nickel and steel, more problematic for a company that was already struggling with its supply chain and material cost inflation,\" Mulvehill wrote in a note to clients. He also downgraded Cactus Inc. (WHD) and ChampionX Corp. $(CHX)$ to neutral from buy amid valuation concerns, and their stocks fell 6.2% and 0.5%, respectively. Meanwhile, Mulvehill upgraded Liberty Oilfield Services Inc. $(LBRT)$ and Chart Industries Inc. $(GTLS)$ to buy from neutral, and shares of Liberty jumped 2.4% and Chart gained 0.3%. \n\n\n  -Tomi Kilgore \n\n\n \n\n\n$(END)$ Dow Jones Newswires\n\n\n  March 11, 2022 13:27 ET (18:27 GMT)\n\n\n  Copyright (c) 2022 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[{"id":9014293780,"gmtCreate":1649663176574,"gmtModify":1676534546736,"author":{"id":"3574676557290827","authorId":"3574676557290827","name":"blaCkbOx","avatar":"https://static.tigerbbs.com/2e60934f569874a5dfc7a83e2074f311","vip":1,"crmLevel":11,"crmLevelSwitch":0,"authorIdStr":"3574676557290827","idStr":"3574676557290827"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9014293780","repostId":2218248202,"repostType":2,"repost":{"id":"2218248202","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1647023220,"share":"https://ttm.financial/m/news/2218248202?lang=en_US&edition=fundamental","pubTime":"2022-03-12 02:27","market":"us","language":"en","title":"NOV stock drops after BofA analysts turns bearish after double downgrade","url":"https://stock-news.laohu8.com/highlight/detail?id=2218248202","media":"Dow Jones","summary":"MW NOV stock drops after BofA analysts turns bearish after double downgrade\n\n\n  Shares of NOV Inc. $","content":"<html><body><font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW NOV stock drops after BofA analysts turns bearish after double downgrade\n</p>\n<p>\n  Shares of NOV Inc. <a href=\"https://laohu8.com/S/NOV\">$(NOV)$</a> dropped 3.4% in afternoon trading Friday, after BofA Securities analyst Chase Mulvehill swung to bearish from bullish on the oil services company, citing valuation and concerns over the negative impacts of Russia's invasion of Ukraine. Mulvehill double downgraded NOV to underperform from buy, even as the stock price target was raised to $22 from $18. The stock has run up 23.4% month to date, while the VanEck Oil Services <a href=\"https://laohu8.com/S/PSFF\">Pacer Swan SOS Fund of Funds ETF|ETF</a> <a href=\"https://laohu8.com/S/OIH\">$(OIH)$</a> has advanced 16.5%, crude oil futures  have climbed 13.7% and the S&amp;P 500  has slipped 2.8%, even as Wall Street estimates for earnings before interest, taxes, depreciation and amortization (Ebitda) have declined. \"[W]e are not 100% confident that Russia developments don't make sourcing materials, like aluminum, copper, nickel and steel, more problematic for a company that was already struggling with its supply chain and material cost inflation,\" Mulvehill wrote in a note to clients. He also downgraded <a href=\"https://laohu8.com/S/WHD\">Cactus Inc.</a> (WHD) and ChampionX Corp. <a href=\"https://laohu8.com/S/CHX\">$(CHX)$</a> to neutral from buy amid valuation concerns, and their stocks fell 6.2% and 0.5%, respectively. Meanwhile, Mulvehill upgraded <a href=\"https://laohu8.com/S/BDFC\">Liberty Oilfield Services Inc.</a> <a href=\"https://laohu8.com/S/LBRT\">$(LBRT)$</a> and Chart Industries Inc. <a href=\"https://laohu8.com/S/GTLS\">$(GTLS)$</a> to buy from neutral, and shares of <a href=\"https://laohu8.com/S/LFG.AU\">Liberty</a> jumped 2.4% and Chart gained 0.3%. \n</p>\n<p>\n  -Tomi Kilgore \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n  March 11, 2022 13:27 ET (18:27 GMT)\n</p>\n<p>\n  Copyright (c) 2022 Dow Jones &amp; Company, Inc.\n</p>\n</font></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>NOV stock drops after BofA analysts turns bearish after double downgrade</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNOV stock drops after BofA analysts turns bearish after double downgrade\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-03-12 02:27</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW NOV stock drops after BofA analysts turns bearish after double downgrade\n</p>\n<p>\n  Shares of NOV Inc. <a href=\"https://laohu8.com/S/NOV\">$(NOV)$</a> dropped 3.4% in afternoon trading Friday, after BofA Securities analyst Chase Mulvehill swung to bearish from bullish on the oil services company, citing valuation and concerns over the negative impacts of Russia's invasion of Ukraine. Mulvehill double downgraded NOV to underperform from buy, even as the stock price target was raised to $22 from $18. The stock has run up 23.4% month to date, while the VanEck Oil Services <a href=\"https://laohu8.com/S/PSFF\">Pacer Swan SOS Fund of Funds ETF|ETF</a> <a href=\"https://laohu8.com/S/OIH\">$(OIH)$</a> has advanced 16.5%, crude oil futures  have climbed 13.7% and the S&amp;P 500  has slipped 2.8%, even as Wall Street estimates for earnings before interest, taxes, depreciation and amortization (Ebitda) have declined. \"[W]e are not 100% confident that Russia developments don't make sourcing materials, like aluminum, copper, nickel and steel, more problematic for a company that was already struggling with its supply chain and material cost inflation,\" Mulvehill wrote in a note to clients. He also downgraded <a href=\"https://laohu8.com/S/WHD\">Cactus Inc.</a> (WHD) and ChampionX Corp. <a href=\"https://laohu8.com/S/CHX\">$(CHX)$</a> to neutral from buy amid valuation concerns, and their stocks fell 6.2% and 0.5%, respectively. Meanwhile, Mulvehill upgraded <a href=\"https://laohu8.com/S/BDFC\">Liberty Oilfield Services Inc.</a> <a href=\"https://laohu8.com/S/LBRT\">$(LBRT)$</a> and Chart Industries Inc. <a href=\"https://laohu8.com/S/GTLS\">$(GTLS)$</a> to buy from neutral, and shares of <a href=\"https://laohu8.com/S/LFG.AU\">Liberty</a> jumped 2.4% and Chart gained 0.3%. \n</p>\n<p>\n  -Tomi Kilgore \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n  March 11, 2022 13:27 ET (18:27 GMT)\n</p>\n<p>\n  Copyright (c) 2022 Dow Jones &amp; Company, Inc.\n</p>\n</font></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"OIH":"石油服务ETF","GTLS":"查特工业","CHX":"Championx Corporation","NOV":"华高","WHD":"Cactus Inc.","LBRT":"Liberty Oilfield Services Inc.","BK4179":"石油天然气设备与服务"},"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2218248202","content_text":"MW NOV stock drops after BofA analysts turns bearish after double downgrade\n\n\n  Shares of NOV Inc. $(NOV)$ dropped 3.4% in afternoon trading Friday, after BofA Securities analyst Chase Mulvehill swung to bearish from bullish on the oil services company, citing valuation and concerns over the negative impacts of Russia's invasion of Ukraine. Mulvehill double downgraded NOV to underperform from buy, even as the stock price target was raised to $22 from $18. The stock has run up 23.4% month to date, while the VanEck Oil Services Pacer Swan SOS Fund of Funds ETF|ETF $(OIH)$ has advanced 16.5%, crude oil futures  have climbed 13.7% and the S&P 500  has slipped 2.8%, even as Wall Street estimates for earnings before interest, taxes, depreciation and amortization (Ebitda) have declined. \"[W]e are not 100% confident that Russia developments don't make sourcing materials, like aluminum, copper, nickel and steel, more problematic for a company that was already struggling with its supply chain and material cost inflation,\" Mulvehill wrote in a note to clients. He also downgraded Cactus Inc. (WHD) and ChampionX Corp. $(CHX)$ to neutral from buy amid valuation concerns, and their stocks fell 6.2% and 0.5%, respectively. Meanwhile, Mulvehill upgraded Liberty Oilfield Services Inc. $(LBRT)$ and Chart Industries Inc. $(GTLS)$ to buy from neutral, and shares of Liberty jumped 2.4% and Chart gained 0.3%. \n\n\n  -Tomi Kilgore \n\n\n \n\n\n$(END)$ Dow Jones Newswires\n\n\n  March 11, 2022 13:27 ET (18:27 GMT)\n\n\n  Copyright (c) 2022 Dow Jones & Company, Inc.","news_type":1,"symbols_score_info":{"OIH":0.9,"GTLS":0.9,"NOV":1,"CHX":0.9,"LBRT":0.9,"WHD":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":0,"commentSize":1,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2218248202","isCrawlerRequest":true}