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

$12.47
-0.46 (-3.56 %)
(As of 05/29/2020 04:00 PM ET)
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Today's Range
$12.07
Now: $12.47
$12.83
50-Day Range
$10.85
MA: $12.10
$13.26
52-Week Range
$8.00
Now: $12.47
$25.81
Volume5.44 million shs
Average Volume3.55 million shs
Market Capitalization$4.84 billion
P/E RatioN/A
Dividend Yield1.60%
Beta1.82
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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Beat the Market (BTM) Rank

Analyst Opinion: 4.2Community Rank: 2.4Dividend Strength: 1.7Insider Behavior: 4.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.71 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$10.06 per share
Book Value$14.31 per share

Profitability

Net Income$-6,095,000,000.00

Miscellaneous

Employees35,479
Market Cap$4.84 billion
Next Earnings Date7/27/2020 (Confirmed)
OptionableOptionable

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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 (WHO). Since then, NOV shares have increased by 19.0% and is now trading at $12.47. View which stocks have been most impacted by Coronavirus.

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

27 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 14 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, July 27th 2020. View our earnings forecast 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 Monday, July 27th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

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

National-Oilwell Varco, Inc. (NYSE:NOV) posted its quarterly earnings results on Thursday, February, 6th. The oil and gas exploration company reported $1.00 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.16 by $0.84. The oil and gas exploration company had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.10 billion. National-Oilwell Varco had a negative return on equity of 1.94% and a negative net margin of 95.76%. 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 given a dividend of $0.05 per share on Friday, March 27th. This represents a $0.20 annualized dividend and a yield of 1.60%. 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 initiated a share buyback program on Tuesday, November 6th 2018, which authorizes the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 3.5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its stock is undervalued.

What price target have analysts set for NOV?

27 equities research analysts have issued 12-month price targets 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 $19.40 in the next year. This suggests a possible upside of 55.6% from the stock's current price. View analysts' price targets for National-Oilwell Varco.

Has National-Oilwell Varco been receiving favorable news coverage?

Press coverage about NOV stock has been trending very negative this week, according to InfoTrie Sentiment. The research group identifies negative and positive media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. National-Oilwell Varco earned a media sentiment score of -3.4 on InfoTrie's scale. They also gave news headlines about the oil and gas exploration company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near future. View the latest news aboutNational-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 many different institutional and retail investors. Top institutional shareholders include Pzena Investment Management LLC (8.20%), BlackRock Inc. (7.01%), First Eagle Investment Management LLC (6.14%), State Street Corp (5.14%), Clearbridge Investments LLC (2.11%) and Wells Fargo & Company MN (1.81%). Company insiders that own National-Oilwell Varco stock include Clay C Williams, Craig L Weinstock, 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 Ruffer LLP, The Manufacturers Life Insurance Company , Morgan Stanley, Morgan Stanley, Two Sigma Advisers LP, Eaton Vance Management, KBC Group NV, and Skandinaviska Enskilda Banken AB publ . 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 major investors are buying National-Oilwell Varco stock?

NOV stock was acquired by a variety of institutional investors in the last quarter, including Oldfield Partners LLP, Pzena Investment Management LLC, State Street Corp, Marathon Asset Management LLP, Invesco Ltd., Arosa Capital Management LP, BlackRock Inc., and Alyeska Investment Group L.P.. 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 $12.47.

How big of a company is National-Oilwell Varco?

National-Oilwell Varco has a market capitalization of $4.84 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 5/31/2020 by MarketBeat.com Staff

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