National-Oilwell Varco, Inc. (NYSE:NOV) – Investment analysts at Capital One Financial lifted their Q1 2018 earnings per share estimates for National-Oilwell Varco in a research note issued to investors on Wednesday. Capital One Financial analyst J. Gibney now anticipates that the oil and gas exploration company will earn ($0.01) per share for the quarter, up from their previous forecast of ($0.02). Capital One Financial has a “Equal Weight” rating on the stock. Capital One Financial also issued estimates for National-Oilwell Varco’s Q2 2018 earnings at $0.02 EPS.

NOV has been the subject of several other research reports. Wolfe Research cut National-Oilwell Varco from a “market perform” rating to an “underperform” rating in a report on Tuesday, October 31st. Royal Bank of Canada set a $37.00 price target on National-Oilwell Varco and gave the company a “hold” rating in a report on Thursday, December 21st. JPMorgan Chase & Co. cut their price target on National-Oilwell Varco from $30.00 to $27.00 and set a “neutral” rating for the company in a report on Monday, October 30th. Susquehanna Bancshares set a $35.00 price target on National-Oilwell Varco and gave the company a “hold” rating in a report on Friday, January 12th. Finally, Zacks Investment Research cut National-Oilwell Varco from a “buy” rating to a “hold” rating in a report on Monday, October 23rd. Five research analysts have rated the stock with a sell rating, seventeen have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. National-Oilwell Varco presently has an average rating of “Hold” and an average target price of $38.50.

National-Oilwell Varco (NOV) opened at $33.09 on Monday. The firm has a market capitalization of $12,580.00, a P/E ratio of -52.52, a PEG ratio of 18.38 and a beta of 0.89. National-Oilwell Varco has a 1 year low of $29.90 and a 1 year high of $41.90. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.07 and a quick ratio of 1.62.

National-Oilwell Varco (NYSE:NOV) last released its earnings results on Monday, February 5th. The oil and gas exploration company reported ($0.04) earnings per share for the quarter, meeting the consensus estimate of ($0.04). The business had revenue of $1.97 billion for the quarter. National-Oilwell Varco had a negative return on equity of 1.10% and a negative net margin of 3.24%. During the same quarter last year, the business earned ($0.15) EPS.

A number of hedge funds have recently bought and sold shares of NOV. Dupont Capital Management Corp acquired a new stake in National-Oilwell Varco during the fourth quarter worth $141,000. Global Trust Asset Management LLC acquired a new stake in National-Oilwell Varco during the fourth quarter worth $160,000. Tiedemann Wealth Management LLC increased its stake in National-Oilwell Varco by 77.8% during the third quarter. Tiedemann Wealth Management LLC now owns 11,668 shares of the oil and gas exploration company’s stock worth $194,000 after acquiring an additional 5,107 shares during the last quarter. IBM Retirement Fund acquired a new stake in National-Oilwell Varco during the third quarter worth $200,000. Finally, Cadence Bank NA acquired a new stake in National-Oilwell Varco during the fourth quarter worth $201,000. 91.83% of the stock is owned by institutional investors.

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National-Oilwell Varco Company Profile

National Oilwell Varco, Inc is an oilfield equipment manufacturer and technology provider. The Company operates through four segments: Rig Systems, Rig Aftermarket, Wellbore Technologies and Completion & Production Solutions. The Rig Systems segment makes and supports the capital equipment and integrated systems needed to drill oil and gas wells on land and offshore.

Earnings History and Estimates for National-Oilwell Varco (NYSE:NOV)

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