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NYSE:NOVNational-Oilwell Varco Stock Price, Forecast & News

$11.42
-0.09 (-0.78 %)
(As of 08/3/2020 10:17 AM ET)
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Compare
Today's Range
$11.40
Now: $11.42
$11.67
50-Day Range
$10.83
MA: $11.99
$12.99
52-Week Range
$8.00
Now: $11.42
$25.81
Volume27,927 shs
Average Volume6.81 million shs
Market Capitalization$4.43 billion
P/E RatioN/A
Dividend Yield1.74%
Beta1.77
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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National-Oilwell Varco logo

Beat the Market (BTM) Rank

Analyst Opinion: 4.3Community Rank: 2.4Dividend Strength: 0.8Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.83 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$8.48 billion
Cash Flow$9.93 per share
Book Value$20.33 per share

Profitability

Net Income$-6,095,000,000.00

Miscellaneous

Employees35,479
Market Cap$4.43 billion
Next Earnings Date10/26/2020 (Estimated)
OptionableOptionable
$11.42
-0.09 (-0.78 %)
(As of 08/3/2020 10:17 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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

How has National-Oilwell Varco's stock been impacted by COVID-19 (Coronavirus)?

National-Oilwell Varco's stock was trading at $10.48 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, NOV shares have increased by 9.0% and is now trading at $11.42.
View which stocks have been most impacted by Coronavirus
.

Do Wall Street analysts recommend investors buy shares of National-Oilwell Varco?

24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for National-Oilwell Varco in the last year. There are currently 11 hold ratings and 13 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for National-Oilwell Varco
.

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

National-Oilwell Varco is scheduled to release its next quarterly earnings announcement on Monday, October 26th 2020.
View our earnings forecast for National-Oilwell Varco
.

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

National-Oilwell Varco, Inc. (NYSE:NOV) posted its quarterly earnings data on Monday, July, 27th. The oil and gas exploration company reported $0.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.13) by $0.15. The oil and gas exploration company earned $1.50 billion during the quarter, compared to analyst estimates of $1.53 billion. National-Oilwell Varco had a negative return on equity of 2.32% and a negative net margin of 35.56%. The business's quarterly revenue was down 29.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.02 EPS.
View National-Oilwell Varco's earnings history
.

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, February 27th. Stockholders of record on Friday, March 13th will be paid a dividend of $0.05 per share on Friday, March 27th. This represents a $0.20 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date is Thursday, March 12th.
View National-Oilwell Varco's dividend history
.

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

National-Oilwell Varco declared that its Board of Directors has authorized a stock buyback program on Tuesday, November 6th 2018, which allows the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase up to 3.5% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board believes its stock is undervalued.

What price target have analysts set for NOV?

24 brokerages have issued 12 month target prices for National-Oilwell Varco's stock. Their forecasts range from $8.00 to $33.00. On average, they anticipate National-Oilwell Varco's share price to reach $17.91 in the next twelve months. This suggests a possible upside of 56.8% from the stock's current price.
View analysts' price targets for National-Oilwell Varco
.

Has National-Oilwell Varco been receiving favorable news coverage?

News headlines about NOV stock have trended negative recently, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. National-Oilwell Varco earned a media sentiment score of -2.9 on InfoTrie's scale. They also gave media stories about the oil and gas exploration company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company's share price in the immediate future.
View the latest news about National-Oilwell Varco
.

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), Bank of America (BAC), Schlumberger (SLB), Intel (INTC), Halliburton (HAL), Exxon Mobil (XOM), Johnson & Johnson (JNJ), General Electric (GE), Ford Motor (F) and JPMorgan Chase & Co. (JPM).

Who are National-Oilwell Varco's key executives?

National-Oilwell Varco's management team includes the following people:
  • Mr. Clay C. Williams, Chairman, Pres & CEO (Age 56)
  • Mr. Jose A. Bayardo, Sr. VP & CFO (Age 47)
  • Mr. Scott K. Duff, VP, Corp. Controller & Chief Accounting Officer (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)

What is National-Oilwell Varco's stock symbol?

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

Who are National-Oilwell Varco's major shareholders?

National-Oilwell Varco's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Pzena Investment Management LLC (8.13%), Marathon Asset Management LLP (0.67%), Sumitomo Mitsui Trust Holdings Inc. (0.38%), Reinhart Partners Inc. (0.28%), UBS Group AG (0.13%) and M&G Investment Management Ltd. (0.11%). Company insiders that own National-Oilwell Varco stock include Eric L Mattson, Jose A Bayardo, 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 Marathon Asset Management LLP, Pzena Investment Management LLC, Robeco Institutional Asset Management B.V., Assenagon Asset Management S.A., Strs Ohio, Nisa Investment Advisors LLC, Zurcher Kantonalbank Zurich Cantonalbank , and Reinhart Partners Inc.. Company insiders that have sold National-Oilwell Varco company stock in the last year include Eric L Mattson, Joseph W Rovig, and Scott K Duff.
View insider buying and selling activity for National-Oilwell Varco
.

Which institutional investors are buying National-Oilwell Varco stock?

NOV stock was bought by a variety of institutional investors in the last quarter, including UBS Group AG, Polianta Ltd, Pacer Advisors Inc., XTX Markets LLC, Triangle Securities Wealth Management, Dupont Capital Management Corp, First Horizon Advisors Inc., and NuWave Investment Management LLC.
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

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

One share of NOV stock can currently be purchased for approximately $11.42.

How big of a company is National-Oilwell Varco?

National-Oilwell Varco has a market capitalization of $4.43 billion and generates $8.48 billion in revenue each year. The oil and gas exploration company earns $-6,095,000,000.00 in net income (profit) each year or ($0.72) on an earnings per share basis. National-Oilwell Varco employs 35,479 workers across the globe.

What is National-Oilwell Varco's official website?

The official website for National-Oilwell Varco is www.nov.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]

This page was last updated on 8/3/2020 by MarketBeat.com Staff

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