National Oilwell Varco Company Profile (NYSE:NOV)

About National Oilwell Varco

National Oilwell Varco logoNational Oilwell Varco, Inc. (NOV) is engaged in providing design, manufacture and sale of equipment and components used in oil and gas drilling, completion and production operations. The Company operates through four segments: Rig Systems, which makes and supports the capital equipment and integrated systems needed to drill oil and gas wells on land and offshore; Rig Aftermarket, which provides aftermarket products and services to support land and offshore rigs, and drilling rig components manufactured by the Company's Rig Systems segment; Wellbore Technologies, which sells and rents solids control equipment, and provides solids control, waste management and drilling fluids services, and Completion & Production Solutions, which provides technologies for well completions and oil and gas production. The Company also provides oilfield services to the upstream oil and gas industry. The Company conducts operations in approximately 830 locations across the world.

Industry, Sector and Symbol:
  • Sector: Oils/Energy
  • Industry: Oil & Gas Equipment & Services
  • Sub-Industry: Oil & Gas Equipment & Services
  • Exchange: NYSE
  • Symbol: NOV
  • CUSIP: 63707110
Key Metrics:
  • Previous Close: $39.31
  • 50 Day Moving Average: $38.38
  • 200 Day Moving Average: $35.94
  • 52-Week Range: $376,000,000.00 - $26.86
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 45.71
  • P/E Growth: 18.79
  • Market Cap: $14.78B
  • Outstanding Shares: 376,000,000
  • Beta: 1.05
  • Net Margins: -33.26%
  • Return on Equity: -2.08%
  • Return on Assets: -1.40%
  • Debt-to-Equity Ratio: 0.19%
  • Current Ratio: 2.58%
  • Quick Ratio: 1.49%
Additional Links:
Companies Related to National Oilwell Varco:

Analyst Ratings

Consensus Ratings for National Oilwell Varco (NYSE:NOV) (?)
Ratings Breakdown: 3 Sell Ratings, 21 Hold Ratings, 4 Buy Ratings
Consensus Rating:Hold (Score: 2.04)
Consensus Price Target: $36.30 (7.65% downside)

Analysts' Ratings History for National Oilwell Varco (NYSE:NOV)
DateFirmActionRatingPrice TargetDetails
2/16/2017FBR & CoBoost Price TargetOutperform$38.00 -> $48.00View Rating Details
2/8/2017Piper Jaffray CompaniesSet Price TargetHold$36.00View Rating Details
2/8/2017ScotiabankReiterated RatingHold$37.00View Rating Details
2/8/2017SimmonsBoost Price TargetNeutral$25.00 -> $36.00View Rating Details
2/8/2017Jefferies Group LLCReiterated RatingHold$36.00View Rating Details
2/8/2017Credit Suisse GroupUpgradeUnderperform -> Neutral$40.00View Rating Details
2/7/2017Loop CapitalInitiated CoverageHoldView Rating Details
2/7/2017InstinetReiterated RatingNeutral$35.00View Rating Details
2/1/2017RBC Capital MarketsReiterated RatingHold$40.00View Rating Details
1/19/2017Societe GeneraleUpgradeHold -> Buy$44.00View Rating Details
1/18/2017SunTrust Banks, Inc.Initiated CoverageHold$40.00View Rating Details
1/12/2017BMO Capital MarketsSet Price TargetSell$30.00View Rating Details
12/9/2016Johnson RiceDowngradeBuy -> HoldView Rating Details
12/6/2016GuggenheimDowngradeBuy -> NeutralView Rating Details
12/1/2016Seaport Global SecuritiesDowngradeNeutral -> Sell$34.00View Rating Details
11/7/2016Citigroup Inc.UpgradeSell -> Neutral$30.00 -> $33.00View Rating Details
8/16/2016NomuraSet Price TargetHold$29.00View Rating Details
7/5/2016Goldman Sachs Group, Inc. (The)Reiterated RatingNeutralView Rating Details
6/15/2016Howard WeilBoost Price TargetSector Perform$32.00 -> $37.00View Rating Details
6/13/2016Bank of America CorpReiterated RatingUnderperformView Rating Details
5/16/2016ArgusReiterated RatingHoldView Rating Details
5/1/2016KLR GroupReiterated RatingBuy$52.00View Rating Details
4/29/2016Royal Bank Of CanadaBoost Price TargetSector Perform$30.00 -> $35.00View Rating Details
4/29/2016Cowen and CompanyBoost Price TargetMarket Perform$25.00 -> $28.00View Rating Details
4/27/2016Morgan StanleyUpgradeUnderweight -> Overweight$39.00 -> $45.00View Rating Details
4/20/2016Barclays PLCDowngradeOverweight -> Equal Weight$33.00View Rating Details
4/12/2016Robert W. BairdReiterated RatingNeutral$29.00 -> $28.00View Rating Details
3/9/2016Susquehanna Bancshares IncBoost Price TargetNeutral$27.00 -> $30.00View Rating Details
2/4/2016Raymond James Financial, Inc.Lower Price TargetOutperform$37.00 -> $31.00View Rating Details
2/4/2016J P Morgan Chase & CoLower Price TargetNeutral$35.00 -> $32.00View Rating Details
2/4/2016Iberia CapitalLower Price TargetSector Perform$35.00 -> $25.00View Rating Details
1/25/2016Tudor PickeringDowngradeAccumulate -> HoldView Rating Details
1/11/2016Oppenheimer Holdings, Inc.Initiated CoverageMarket PerformView Rating Details
12/30/2015KeyCorpReiterated RatingOverweight$50.00View Rating Details
12/18/2015William BlairDowngradeOutperform -> Market PerformView Rating Details
10/29/2015Evercore ISILower Price Target$37.00View Rating Details
9/3/2015HSBC Holdings plcLower Price TargetReduce$38.00 -> $34.00View Rating Details
4/29/2015Sterne Agee CRTDowngradeUnderperform -> Underweight$55.00 -> $49.00View Rating Details
3/17/2015GMP SecuritiesInitiated CoverageHoldView Rating Details
(Data available from 2/19/2015 forward)


Earnings History for National Oilwell Varco (NYSE:NOV)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
2/6/2017Q416($0.29)($0.15)$1.62 billion$1.69 billionViewListenView Earnings Details
10/27/2016Q316($0.28)($0.34)$1.68 billion$1.65 billionViewListenView Earnings Details
7/28/2016Q216($0.32)($0.30)$1.80 billion$1.72 billionViewListenView Earnings Details
4/28/2016Q116($0.10)($0.06)$335.85 million$2.19 billionViewListenView Earnings Details
2/3/2016Q415$0.44$0.23$3.12 billion$2.72 billionViewListenView Earnings Details
10/28/2015Q315$0.56$0.61$3.51 billion$3.31 billionViewListenView Earnings Details
7/28/2015Q215$0.64$0.77$3.91 billion$3.90 billionViewListenView Earnings Details
4/28/2015Q115$1.09$1.14$4.86 billion$4.82 billionViewListenView Earnings Details
2/3/2015Q414$1.60$1.69$5.71 billion$5.71 billionViewListenView Earnings Details
10/30/2014Q314$1.53$1.76$5.48 billion$5.59 billionViewListenView Earnings Details
7/29/2014Q214$1.44$1.61$5.51 billion$5.26 billionViewListenView Earnings Details
4/28/2014Q114$1.39$1.40$5.80 billion$5.78 billionViewListenView Earnings Details
1/31/2014Q413$1.39$1.56$5.86 billion$6.17 billionViewListenView Earnings Details
10/25/2013Q313$1.32$1.34$5.68 billion$5.69 billionViewListenView Earnings Details
7/30/2013Q2 2013$1.33$1.33$5.42 billion$5.60 billionViewListenView Earnings Details
4/26/2013Q1 2013$1.37$1.29$5.38 billion$5.31 billionViewListenView Earnings Details
2/1/2013Q4 2012$1.45$1.44$5.31 billion$5.30 billionViewListenView Earnings Details
10/25/2012$1.51$1.52ViewN/AView Earnings Details
7/26/2012$1.39$1.46ViewN/AView Earnings Details
4/25/2012$1.39$1.44ViewN/AView Earnings Details
2/2/2012$1.30$1.37ViewN/AView Earnings Details
10/25/2011$1.16$1.26ViewN/AView Earnings Details
4/27/2011$1.00$1.00ViewN/AView Earnings Details
2/3/2011$0.96$1.05ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for National Oilwell Varco (NYSE:NOV)
Current Year EPS Consensus Estimate: $-0.36 EPS
Next Year EPS Consensus Estimate: $0.86 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 201612($0.20)$0.41$0.06
Q2 20168($0.39)$0.28($0.23)
Q3 20168($0.33)$0.30($0.19)
Q4 20169($0.29)$0.31($0.16)
Q1 20176($0.20)$0.33($0.07)
Q2 20176($0.16)$0.40($0.03)
Q3 20176($0.10)$0.47$0.04
Q4 20176($0.03)$0.51$0.09
Q1 20183$0.03$0.22$0.14
Q2 20183$0.09$0.34$0.20
Q3 20183$0.14$0.43$0.24
Q4 20183$0.19$0.51$0.30
(Data provided by Zacks Investment Research)


Current Dividend Information for National Oilwell Varco (NYSE:NOV)
Annual Dividend:$0.20
Dividend Yield:0.51%
Dividend Growth:-12.50% (3 Year Average)
Payout Ratio:-3.12% (Based on Trailing 12 Months of Earnings)
-55.56% (Based on Current Year Consensus EPS Estimate)
23.26% (Based on Next Year Consensus EPS Estimate)

Dividend History for National Oilwell Varco (NYSE:NOV)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for National Oilwell Varco (NYSE:NOV)
Insider Ownership Percentage: 0.17%
Institutional Ownership Percentage: 94.98%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
8/8/2016Scott K. DuffVPSell3,181$33.40$106,245.40View SEC Filing  
11/9/2015David D. HarrisonDirectorSell16,352$38.79$634,294.08View SEC Filing  
4/30/2015Greg L ArmstrongDirectorSell5,736$54.50$312,612.00View SEC Filing  
4/29/2015Roger L JarvisDirectorSell5,900$52.90$312,110.00View SEC Filing  
12/29/2014David D HarrisonDirectorSell5,500$66.99$368,445.00View SEC Filing  
11/22/2013Merrill Miller, Jr.CEOSell195,000$83.45$16,272,750.00View SEC Filing  
4/30/2013David D HarrisonDirectorBuy1,106$65.12$72,022.72View SEC Filing  
(Data available from 1/1/2013 forward)


Latest Headlines for National Oilwell Varco (NYSE:NOV)
News IconNational Oilwell Varco, Inc. (NYSE:NOV) Price Target Expected At $38.25 - Transcript Daily (NYSE:NOV) - February 19 at 9:41 AM
News IconReiterated National Oilwell Varco (NYSE:NOV) As Outperform (NYSE:NOV) - February 18 at 11:55 AM
News IconNational Oilwell Varco Inc (NYSE:NOV) - February 18 at 11:55 AM logoNATIONAL OILWELL VARCO INC Files SEC form 10-K, Annual Report (NYSE:NOV) - February 17 at 4:31 PM logoHave Short Interests in SLB, HAL, BHI, and NOV Fallen since 4Q16? (NYSE:NOV) - February 17 at 12:02 PM logoSLB, HAL, BHI, or NOV: Which Has the Highest Implied Volatility? (NYSE:NOV) - February 17 at 12:02 PM logoNational Oilwell Varco: A Dividend Increase Would Be Reckless (NYSE:NOV) - February 16 at 5:01 PM logoAnalyzing the Net Debts of SLB, HAL, BHI, and NOV in 2016 (NYSE:NOV) - February 16 at 5:01 PM logoComparing the Dividend Yields of SLB, HAL, BHI, and NOV (NYSE:NOV) - February 16 at 5:01 PM logoWall Street Analysts’ Forecast for Halliburton (NYSE:NOV) - February 16 at 5:01 PM logoWhy National Oilwell Varco (NOV) Could Be Positioned for a Surge - Nasdaq (NYSE:NOV) - February 15 at 8:49 PM logoWhy National Oilwell Varco (NOV) Could Be Positioned for a Surge (NYSE:NOV) - February 15 at 8:49 PM logoNational-Oilwell Varco, Inc.: The Lessons From Graying Hair and the Promise of Better Days Ahead (NYSE:NOV) - February 15 at 8:49 PM
News IconNational Oilwell Varco, Inc. (NYSE:NOV) Equity Price Target Fixed At $37.5 - Transcript Daily (NYSE:NOV) - February 14 at 9:49 PM
News IconBuy, Sell or Hold? Analysts Approach: National Oilwell Varco, Inc ... - The USA Commerce (NYSE:NOV) - February 12 at 11:46 PM
News IconLeading stocks in today’s market: National Oilwell Varco, Inc. (NYSE:NOV) (NYSE:NOV) - February 11 at 12:47 AM
News IconNational Oilwell Varco, Inc. (NYSE:NOV) Analyst Estimates And Rating (NYSE:NOV) - February 10 at 7:46 PM logoPatterson-UTI Energy’s Stock Price Returns after 4Q16 (NYSE:NOV) - February 10 at 7:46 PM logoNATIONAL OILWELL VARCO INC Files SEC form 8-K, Change in Directors or Principal Officers (NYSE:NOV) - February 9 at 7:54 PM logoReading Tidewater’s Stock Price Returns after Fiscal 3Q17 (NYSE:NOV) - February 9 at 7:54 PM logoOceaneering International Inc. Hasn't Hit Bottom Just Yet (NYSE:NOV) - February 9 at 7:54 PM logoNational Oilwell Varco, Inc. :NOV-US: Earnings Analysis: 2016 By the Numbers : February 9, 2017 (NYSE:NOV) - February 9 at 7:54 PM logoNational Oilwell Varco (NOV) Q4 2016 Results - Earnings Call Transcript (NYSE:NOV) - February 8 at 7:46 PM
News IconWhat Are Analysts' Forecasts for National Oilwell Varco? (NYSE:NOV) - February 8 at 7:46 PM logoNatl Oilwell Varco upgraded by Credit Suisse (NYSE:NOV) - February 8 at 7:46 PM logo7 Stocks Trending Up With Unusual Volume (NYSE:NOV) - February 8 at 7:46 PM logoNational Oilwell Varco, Inc. :NOV-US: Earnings Analysis: Q4, 2016 By the Numbers : February 8, 2017 (NYSE:NOV) - February 8 at 7:46 PM logoNational Oilwell Varco, Inc. -- Moody's changes NOV's rating outlook to negative (NYSE:NOV) - February 8 at 7:46 PM
News IconThe National Oilwell Varco, Inc. (NOV) Shares Sold by Whittier Trust Co (NYSE:NOV) - February 8 at 2:28 AM
News IconNational Oilwell Varco's (NOV) "Hold" Rating Reaffirmed at RBC Capital Markets (NYSE:NOV) - February 8 at 2:28 AM logoEdited Transcript of NOV earnings conference call or presentation 7-Feb-17 2:00pm GMT (NYSE:NOV) - February 7 at 9:25 PM logoAnalyzing How National Oilwell Varco’s Segments Performed (NYSE:NOV) - February 7 at 4:24 PM logoNational Oilwell Varco’s 4Q16 Earnings Beat Estimates (NYSE:NOV) - February 7 at 4:24 PM logoWhat Are Analysts’ Forecasts for National Oilwell Varco? (NYSE:NOV) - February 7 at 4:24 PM logoNational Oilwell Varco shares rise after smaller-than-expected earnings loss (NYSE:NOV) - February 7 at 4:24 PM logoNational Oilwell Varco +7.5% on strong Q4 operational beat (NYSE:NOV) - February 7 at 11:34 AM logoNational Oilwell Varco, Inc.'s Financial Results Finally Bounce Higher (NYSE:NOV) - February 7 at 10:58 AM
News IconNational Oilwell Varco, Inc (NYSE:NOV) - February 7 at 9:21 AM logoWill Earnings Beat Spur National Oilwell Varco? (NYSE:NOV) - February 7 at 9:21 AM logoQ4 2016 National Oilwell Varco Inc Earnings Release - Before Market Open (NYSE:NOV) - February 7 at 9:21 AM logoNational Oilwell Varco Soars After Posting Narrower-Than-Expected Loss (NYSE:NOV) - February 7 at 9:21 AM logoNational Oilwell Varco Inc Earnings Call scheduled for 9:00 am ET today (NYSE:NOV) - February 7 at 9:21 AM logoNational Oilwell Varco beats by $0.14, beats on revenue (NYSE:NOV) - February 7 at 12:42 AM logo6:14 pm Natl Oilwell Varco beats by $0.13, beats on revs (NYSE:NOV) - February 6 at 11:59 PM logoEARNINGS SUMMARY: Details of National Oilwell Varco Inc. Q4 Earnings Report (NYSE:NOV) - February 6 at 6:58 PM logoNational Oilwell Varco Reports Fourth Quarter and Full Year 2016 Results (NYSE:NOV) - February 6 at 6:58 PM logoNational Oilwell Varco reports 4Q loss (NYSE:NOV) - February 6 at 6:58 PM logoAvoid National Oilwell Varco Into Earnings - Seeking Alpha (NYSE:NOV) - February 6 at 9:32 AM logoWall Street’s Forecasts for WFT after 4Q16 Earnings (NYSE:NOV) - February 6 at 9:32 AM
News IconNational Oilwell Varco, Inc. (NYSE:NOV) from Oil & Gas Equipment & Services – Todays Top Gains (NYSE:NOV) - February 3 at 7:38 PM


What is National Oilwell Varco's stock symbol?

National Oilwell Varco trades on the New York Stock Exchange (NYSE) under the ticker symbol "NOV."

How often does National Oilwell Varco pay dividends? What is the dividend yield for National Oilwell Varco?

National Oilwell Varco announced a quarterly dividend on Thursday, November 17th. Shareholders of record on Friday, December 2nd will be given a dividend of $0.05 per share on Friday, December 16th. This represents a $0.20 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend is Wednesday, November 30th.

Where is National Oilwell Varco's stock going? Where will National Oilwell Varco's stock price be in 2017?

28 brokerages have issued 12-month price targets for National Oilwell Varco's shares. Their predictions range from $28.00 to $52.00. On average, they anticipate National Oilwell Varco's stock price to reach $36.30 in the next year.

When will National Oilwell Varco announce their earnings?

National Oilwell Varco is scheduled to release their next quarterly earnings announcement on Wednesday, April, 26th 2017.

What are analysts saying about National Oilwell Varco stock?

Here are some recent quotes from research analysts about National Oilwell Varco stock:

  • According to Zacks Investment Research, "Following National Oilwell Varco's solid Q4 results, we are taking a bullish stance on the company. Aggressive cost reduction and improved efficiencies helped the energy equipment maker come out with narrower-than-expected loss. Importantly, NOV reported a sequential increase in sales as OPEC's production cut decision helped oil stabilize within a range above $50 per barrel. While maintaining its excellent track record of earnings surprise history of 3 beats in the last 4 quarters, NOV has outperformed the Zacks categorized 'Oil Field machineries & Equipment' industry and returned a neat gain of 46% during that period. We further believe that the drilling equipment maker’s large installed base of worldwide rigs provide for a steady recurring revenue stream. Consequently, we think NOV offers upside potential from current levels and label it as an attractive investment." (2/10/2017)

  • Jefferies Group LLC analysts commented, "Our NOV outlook remains anchored in our global activity framework and we leave our estimates largely unchanged following results/guidance. We recognize we could be too conservative, including that capital "catch-up"/ upgrade spending could be stronger than activity (rig count) recovery. Yet arguably we capture some of that upside potential for shares as we shift part of our valuation framework to Normalized from 2018E and lift our PT to $36. Maintain Hold." (2/8/2017)

Who owns National Oilwell Varco stock?

National Oilwell Varco's stock is owned by many different of retail and institutional investors. Top institutional shareholders include State Street Corp (5.89%), Vulcan Value Partners LLC (4.33%), FMR LLC (1.77%), Prudential PLC (1.06%), Dimensional Fund Advisors LP (0.95%) and O Shaughnessy Asset Management LLC (0.44%). Company insiders that own National Oilwell Varco stock include David D Harrison, Greg L Armstrong, Roger L Jarvis and Scott K Duff.

Who sold National Oilwell Varco stock? Who is selling National Oilwell Varco stock?

National Oilwell Varco's stock was sold by a variety of institutional investors in the last quarter, including Vulcan Value Partners LLC, FMR LLC, Renaissance Technologies LLC, O Shaughnessy Asset Management LLC, Aberdeen Asset Management PLC UK, Guggenheim Capital LLC, Federated Investors Inc. PA and Allianz Asset Management AG.

Who bought National Oilwell Varco stock? Who is buying National Oilwell Varco stock?

National Oilwell Varco's stock was bought by a variety of institutional investors in the last quarter, including State Street Corp, Asset Management One Co. Ltd., Tide Point Capital Management LP, Prudential PLC, Glenview Trust Co, Russell Investments Group Ltd., Flinton Capital Management LLC and Tyers Asset Management LLC.

How do I buy National Oilwell Varco stock?

Shares of National Oilwell Varco can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of National Oilwell Varco stock cost?

One share of National Oilwell Varco stock can currently be purchased for approximately $39.31.

National Oilwell Varco (NYSE:NOV) Chart for Sunday, February, 19, 2017

Institutional Ownership Chart

Institutional Ownership by Quarter for National Oilwell Varco (NYSE:NOV)

Earnings History Chart

Earnings by Quarter for National Oilwell Varco (NYSE:NOV)

Dividend History Chart

Dividend Payments by Quarter for National Oilwell Varco (NYSE:NOV)

Last Updated on 2/19/2017 by Staff