NYSE:NOV - National-Oilwell Varco Stock Price, News, & Analysis

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$27.74 +0.77 (+2.86 %)
(As of 04/23/2019 02:15 AM ET)
Previous Close$26.97
Today's Range$27.01 - $27.80
52-Week Range$24.27 - $49.08
Volume2.89 million shs
Average Volume3.74 million shs
Market Capitalization$10.71 billion
P/E RatioN/A
Dividend Yield0.74%
Beta1.22
National Oilwell Varco, Inc. designs, manufactures, and sells systems, components, and products for oil and gas drilling and production worldwide. It operates in three segments: Wellbore Technologies, Completion & Production Solutions, and Rig Technologies. The Wellbore Technologies segment offers various equipment and technologies used to perform drilling operations. It also provides solids control and waste management equipment and services; drilling fluids; portable power generation products; drill and wired pipes; drilling optimization and automation services; tubular inspection, repair, and coating services; rope access inspection, instrumentation, and measuring and monitoring services; downhole and fishing tools; steerable technologies; hole openers; and drill bits. The Completion & Production Solutions segment provides equipment and technologies for hydraulic fracture stimulation, including pressure pumping trucks, blenders, sanders, hydration units, injection units, flowline, and manifolds; well intervention, such as coiled tubing units, coiled tubing, and wireline units, as well as blowout preventers and tools; onshore production comprising fluid processing systems, composite pipes, surface transfer and progressive cavity pumps, and artificial lift systems; offshore production that include fluid processing systems, floating production systems, and subsea production technologies; and connectors for conductor pipes. The Rig Technologies segment offers substructures, derricks, and masts; cranes; jacking systems; pipe lifting, racking, rotating, and assembly systems; mud pumps; blowout preventers; drives and generators; rig instrumentation and control systems; mooring, anchor, and deck handling machinery; and pipelay and construction systems. It also provides spare parts, repair, and rentals, as well as remote equipment monitoring, technical support, field service, and customer training services. The company was founded in 1862 and is based in Houston, Texas.

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Industry, Sector and Symbol

Industry Oil & gas field machinery
Sub-IndustryOil & Gas Equipment & Services
SectorOils/Energy
CUSIP63707110
Phone713-346-7500

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$8.45 billion
Cash Flow$1.7680 per share
Book Value$36.23 per share

Profitability

Net Income$-31,000,000.00

Miscellaneous

Employees35,063
Market Cap$10.71 billion
Next Earnings Date4/25/2019 (Confirmed)
OptionableOptionable

National-Oilwell Varco (NYSE:NOV) Frequently Asked Questions

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 declared a quarterly dividend on Friday, March 1st. Stockholders of record on Friday, March 15th will be given a dividend of $0.05 per share on Friday, March 29th. This represents a $0.20 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend is Thursday, March 14th. View National-Oilwell Varco's Dividend History.

How will National-Oilwell Varco's stock buyback program work?

National-Oilwell Varco announced that its board has approved a stock repurchase plan on Tuesday, November 6th 2018, which permits the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 3.5% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board of directors believes its shares are undervalued.

How were National-Oilwell Varco's earnings last quarter?

National-Oilwell Varco, Inc. (NYSE:NOV) issued its quarterly earnings data on Wednesday, February, 6th. The oil and gas exploration company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by $0.05. The oil and gas exploration company earned $2.40 billion during the quarter, compared to analysts' expectations of $2.18 billion. National-Oilwell Varco had a negative net margin of 0.37% and a negative return on equity of 0.22%. The company's quarterly revenue was up 21.8% on a year-over-year basis. During the same quarter last year, the company posted ($0.04) EPS. View National-Oilwell Varco's Earnings History.

When is National-Oilwell Varco's next earnings date?

National-Oilwell Varco is scheduled to release their next quarterly earnings announcement on Thursday, April 25th 2019. View Earnings Estimates for National-Oilwell Varco.

How can I listen to National-Oilwell Varco's earnings call?

National-Oilwell Varco will be holding an earnings conference call on Friday, April 26th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

What price target have analysts set for NOV?

28 brokerages have issued twelve-month price objectives for National-Oilwell Varco's stock. Their predictions range from $23.00 to $55.00. On average, they expect National-Oilwell Varco's share price to reach $38.00 in the next year. This suggests a possible upside of 37.0% from the stock's current price. View Analyst Price Targets for National-Oilwell Varco.

What is the consensus analysts' recommendation for National-Oilwell Varco?

28 Wall Street analysts have issued "buy," "hold," and "sell" ratings for National-Oilwell Varco in the last year. There are currently 3 sell ratings, 14 hold ratings and 11 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for National-Oilwell Varco.

Has National-Oilwell Varco been receiving favorable news coverage?

News articles about NOV stock have been trending negative recently, according to InfoTrie Sentiment. InfoTrie identifies negative and positive media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. National-Oilwell Varco earned a coverage optimism score of -2.3 on InfoTrie's scale. They also gave news stories about the oil and gas exploration company a news buzz of 2.0 out of 10, meaning that recent media coverage is very unlikely to have an impact on the stock's share price in the immediate future.

Are investors shorting National-Oilwell Varco?

National-Oilwell Varco saw a decline in short interest in March. As of March 29th, there was short interest totalling 11,314,084 shares, a decline of 22.4% from the March 15th total of 14,578,560 shares. Based on an average daily trading volume, of 3,250,074 shares, the days-to-cover ratio is presently 3.5 days. Approximately 3.0% of the shares of the company are short sold. View National-Oilwell Varco's Current Options Chain.

Who are some of National-Oilwell Varco's key competitors?

What other stocks do shareholders of National-Oilwell Varco own?

Based on aggregate information from My MarketBeat watchlists, some companies that other National-Oilwell Varco investors own include Gilead Sciences (GILD), Intel (INTC), Bank of America (BAC), Schlumberger (SLB), Exxon Mobil (XOM), Starbucks (SBUX), General Electric (GE), Johnson & Johnson (JNJ), Alphabet (GOOG) and Ford Motor (F).

Who are National-Oilwell Varco's key executives?

National-Oilwell Varco's management team includes the folowing people:
  • Mr. Clay C. Williams, Chairman, Pres & CEO (Age 56)
  • Mr. Jose A. Bayardo, Sr. VP & CFO (Age 47)
  • Mr. Scott K. Duff, Chief Accounting Officer, VP & Corp. Controller (Age 51)
  • Mr. Craig L. Weinstock, Sr. VP, Gen. Counsel & Sec. (Age 60)
  • Mr. Joseph W. Rovig, Pres of Rig Systems & Rig Aftermarket (Age 58)

Who are National-Oilwell Varco's major shareholders?

National-Oilwell Varco's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Reinhart Partners Inc. (0.08%), Strs Ohio (0.06%), Nisa Investment Advisors LLC (0.06%), Retirement Systems of Alabama (0.05%), State of Alaska Department of Revenue (0.04%) and Dubuque Bank & Trust Co. (0.03%). Company insiders that own National-Oilwell Varco stock include Clay C Williams, Craig L Weinstock, Eric L Mattson, Joseph W Rovig and Scott K Duff. View Institutional Ownership Trends for National-Oilwell Varco.

Which institutional investors are selling National-Oilwell Varco stock?

NOV stock was sold by a variety of institutional investors in the last quarter, including CWM LLC, Strs Ohio, First Manhattan Co., DNB Asset Management AS, NuWave Investment Management LLC, Gofen & Glossberg LLC IL, Thompson Rubinstein Investment Management Inc. OR and New Mexico Educational Retirement Board. Company insiders that have sold National-Oilwell Varco company stock in the last year include Clay C Williams, Craig L Weinstock, Eric L Mattson, Joseph W Rovig and Scott K Duff. View Insider Buying and Selling for National-Oilwell Varco.

Which institutional investors are buying National-Oilwell Varco stock?

NOV stock was acquired by a variety of institutional investors in the last quarter, including Viking Fund Management LLC, Reinhart Partners Inc., Park National Corp OH, Nisa Investment Advisors LLC, Virtu Financial LLC, Dubuque Bank & Trust Co., Sciencast Management LP and CenturyLink Investment Management Co. View Insider Buying and Selling for National-Oilwell Varco.

How do I buy shares of National-Oilwell Varco?

Shares of NOV can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is National-Oilwell Varco's stock price today?

One share of NOV stock can currently be purchased for approximately $27.74.

How big of a company is National-Oilwell Varco?

National-Oilwell Varco has a market capitalization of $10.71 billion and generates $8.45 billion in revenue each year. The oil and gas exploration company earns $-31,000,000.00 in net income (profit) each year or ($0.08) on an earnings per share basis. National-Oilwell Varco employs 35,063 workers across the globe.

What is National-Oilwell Varco's official website?

The official website for National-Oilwell Varco is http://www.natoil.com.

How can I contact National-Oilwell Varco?

National-Oilwell Varco's mailing address is 7909 PARKWOOD CIRCLE DRIVE, HOUSTON TX, 77036. The oil and gas exploration company can be reached via phone at 713-346-7500 or via email at [email protected]


MarketBeat Community Rating for National-Oilwell Varco (NYSE NOV)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  796 (Vote Outperform)
Underperform Votes:  884 (Vote Underperform)
Total Votes:  1,680
MarketBeat's community ratings are surveys of what our community members think about National-Oilwell Varco and other stocks. Vote "Outperform" if you believe NOV will outperform the S&P 500 over the long term. Vote "Underperform" if you believe NOV will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 4/23/2019 by MarketBeat.com Staff

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