National-Oilwell Varco, Inc. (NYSE:NOV) – Investment analysts at B. Riley reduced their Q1 2018 earnings per share (EPS) estimates for National-Oilwell Varco in a research note issued on Thursday. B. Riley analyst T. Curran now anticipates that the oil and gas exploration company will post earnings of ($0.01) per share for the quarter, down from their prior forecast of $0.07. B. Riley currently has a “Buy” rating and a $42.00 target price on the stock. B. Riley also issued estimates for National-Oilwell Varco’s Q2 2018 earnings at $0.07 EPS, Q4 2018 earnings at $0.26 EPS and FY2018 earnings at $0.51 EPS.

A number of other research firms have also recently issued reports on NOV. Cowen set a $33.00 price objective on National-Oilwell Varco and gave the company a “hold” rating in a research report on Thursday, January 11th. Susquehanna Bancshares set a $35.00 price objective on National-Oilwell Varco and gave the company a “hold” rating in a research report on Friday, January 12th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $40.00 price objective on shares of National-Oilwell Varco in a research report on Friday, January 19th. ValuEngine raised National-Oilwell Varco from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. Finally, Jefferies Group set a $35.00 target price on National-Oilwell Varco and gave the stock a “hold” rating in a research note on Thursday, January 4th. Five equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. National-Oilwell Varco has an average rating of “Hold” and an average price target of $38.13.

Shares of National-Oilwell Varco (NYSE:NOV) opened at $33.66 on Monday. National-Oilwell Varco has a 52-week low of $29.90 and a 52-week high of $41.90. The stock has a market capitalization of $12,790.00, a P/E ratio of -53.43, a PEG ratio of 21.05 and a beta of 0.89. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.07 and a quick ratio of 1.79.

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

Several hedge funds have recently modified their holdings of NOV. Thrivent Financial For Lutherans boosted its holdings in shares of National-Oilwell Varco by 3.0% during the 2nd quarter. Thrivent Financial For Lutherans now owns 14,400 shares of the oil and gas exploration company’s stock valued at $474,000 after acquiring an additional 420 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its holdings in shares of National-Oilwell Varco by 2.4% during the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 62,957 shares of the oil and gas exploration company’s stock valued at $2,249,000 after acquiring an additional 1,500 shares in the last quarter. Bank of Hawaii boosted its holdings in shares of National-Oilwell Varco by 4.5% during the 3rd quarter. Bank of Hawaii now owns 36,149 shares of the oil and gas exploration company’s stock valued at $1,292,000 after acquiring an additional 1,555 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in shares of National-Oilwell Varco by 14.1% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 12,580 shares of the oil and gas exploration company’s stock valued at $449,000 after acquiring an additional 1,558 shares in the last quarter. Finally, Moors & Cabot Inc. boosted its holdings in shares of National-Oilwell Varco by 6.7% during the 3rd quarter. Moors & Cabot Inc. now owns 27,646 shares of the oil and gas exploration company’s stock valued at $991,000 after acquiring an additional 1,726 shares in the last quarter. 91.70% of the stock is currently owned by hedge funds and other institutional investors.

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About National-Oilwell Varco

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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