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NYSE:NOV

National Oilwell Varco Stock Forecast, Price & News

$8.93
-0.26 (-2.83 %)
(As of 10/26/2020 12:00 AM ET)
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Today's Range
$8.81
Now: $8.93
$9.08
50-Day Range
$8.60
MA: $9.90
$12.15
52-Week Range
$8.00
Now: $8.93
$25.81
Volume4.97 million shs
Average Volume4.86 million shs
Market Capitalization$3.47 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.89
National Oilwell Varco, Inc. designs, constructs, manufactures, and sells systems, components, and products for oil and gas drilling and production worldwide. It operates through three segments: Wellbore Technologies, Completion & Production Solutions, and Rig Technologies. The company 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; instrumentation, and measuring and monitoring services; downhole and fishing tools; steerable technologies; and drill bits. The company offers 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. It also provides 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; equipment components for offshore wind construction vessels; mooring, anchor, and deck handling machinery; and pipelay and construction systems. The company offers spare parts, repair, and rentals, as well as remote equipment monitoring, technical support, field service, and customer training services. National Oilwell Varco, Inc. 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: 4.2Community Rank: 2.4Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.64 out of 5 stars

Industry, Sector and Symbol

Industry Oil & gas field machinery
Sub-IndustryOil & Gas Equipment & Services
CUSIP63707110
Phone713-346-7500
Employees35,479

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$8.48 billion
Cash Flow$10.26 per share
Book Value$20.33 per share

Profitability

Net Income$-6,095,000,000.00

Miscellaneous

Market Cap$3.47 billion
Next Earnings DateN/A
OptionableOptionable
$8.93
-0.26 (-2.83 %)
(As of 10/26/2020 12:00 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?

National Oilwell Varco's stock was trading at $10.48 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, NOV shares have decreased by 14.8% and is now trading at $8.93.
View which stocks have been most impacted by COVID-19
.

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

23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for National Oilwell Varco in the last year. There are currently 1 sell rating, 12 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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) issued its earnings results on Monday, October, 26th. The oil and gas exploration company reported ($0.14) EPS for the quarter, missing analysts' consensus estimates of ($0.10) by $0.04. The oil and gas exploration company earned $1.38 billion during the quarter, compared to the consensus estimate of $1.38 billion. National Oilwell Varco had a negative net margin of 35.56% and a negative return on equity of 2.32%. The firm's quarterly revenue was down 34.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.04 earnings per share.
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. Shareholders of record on Friday, March 13th will be given 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 2.24%. The ex-dividend date of this dividend is Thursday, March 12th.
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 authorized a share buyback program on Tuesday, November 6th 2018, which allows the company to repurchase $500,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 3.5% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board of directors believes its shares are undervalued.

What price target have analysts set for NOV?

23 Wall Street analysts have issued 1-year price objectives for National Oilwell Varco's stock. Their forecasts range from $8.00 to $33.00. On average, they anticipate National Oilwell Varco's stock price to reach $16.55 in the next year. This suggests a possible upside of 85.3% from the stock's current price.
View analysts' price targets for National Oilwell Varco
.

Are investors shorting National Oilwell Varco?

National Oilwell Varco saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 17,660,000 shares, an increase of 23.4% from the August 31st total of 14,310,000 shares. Based on an average daily volume of 5,310,000 shares, the days-to-cover ratio is presently 3.3 days.
View National Oilwell Varco's Short Interest
.

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

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 57)
  • Mr. Jose A. Bayardo, Sr. VP & CFO (Age 48)
  • Mr. Scott K. Duff, VP, Corp. Controller & Chief Accounting Officer (Age 52)
  • Mr. Craig L. Weinstock, Sr. VP, Gen. Counsel & Sec. (Age 61)
  • Mr. Joseph W. Rovig, Pres of Rig Technologies (Age 59)

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 Reinhart Partners Inc. (0.36%), Wedge Capital Management L L P NC (0.18%), M&G Investment Management Ltd. (0.11%), Nisa Investment Advisors LLC (0.07%), Envestnet Asset Management Inc. (0.05%) and Standard Life Aberdeen plc (0.05%). 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 major investors are selling National Oilwell Varco stock?

NOV stock was sold by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Standard Life Aberdeen plc, Nisa Investment Advisors LLC, M&G Investment Management Ltd., Retirement Systems of Alabama, NuWave Investment Management LLC, Pacer Advisors Inc., and Crossmark Global Holdings Inc..
View insider buying and selling activity for National Oilwell Varco
.

Which major investors are buying National Oilwell Varco stock?

NOV stock was purchased by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC, Reinhart Partners Inc., Polianta Ltd, Envestnet Asset Management Inc., IBM Retirement Fund, DNB Asset Management AS, IFM Investors Pty Ltd, and First Hawaiian Bank.
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 $8.93.

How big of a company is National Oilwell Varco?

National Oilwell Varco has a market capitalization of $3.47 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 10/27/2020 by MarketBeat.com Staff

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