National Oilwell Varco (NYSE:NOV) is set to release its earnings data after the market closes on Tuesday, April 24th.
National Oilwell Varco (NYSE:NOV) last released its quarterly earnings results on Monday, February 5th. The oil and gas exploration company reported ($0.04) EPS for the quarter, meeting analysts’ consensus estimates of ($0.04). National Oilwell Varco had a negative return on equity of 1.10% and a negative net margin of 3.24%. The company had revenue of $1.97 billion during the quarter. During the same quarter last year, the business posted ($0.15) earnings per share. On average, analysts expect National Oilwell Varco to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.
National Oilwell Varco stock opened at $37.98 on Tuesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.07 and a quick ratio of 1.79. National Oilwell Varco has a one year low of $29.90 and a one year high of $41.38. The stock has a market capitalization of $15,555.48, a price-to-earnings ratio of -90.43, a price-to-earnings-growth ratio of 26.57 and a beta of 0.80.
Several brokerages have recently issued reports on NOV. Susquehanna Bancshares set a $37.00 price objective on National Oilwell Varco and gave the stock a “hold” rating in a research note on Friday. Barclays set a $37.00 price objective on National Oilwell Varco and gave the stock an “equal weight” rating in a research note on Thursday, February 8th. B. Riley set a $42.00 price objective on National Oilwell Varco and gave the stock a “buy” rating in a research note on Thursday, February 8th. Zacks Investment Research upgraded National Oilwell Varco from a “sell” rating to a “hold” rating in a research note on Tuesday, March 13th. Finally, Seaport Global Securities restated a “sell” rating and issued a $30.00 price objective on shares of National Oilwell Varco in a research note on Monday, February 12th. Four research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $37.29.
In related news, VP Scott K. Duff sold 7,421 shares of the firm’s stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $35.66, for a total transaction of $264,632.86. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.79% of the stock is owned by company insiders.
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About National Oilwell Varco
National Oilwell Varco, Inc designs, manufactures, and sells systems and components used in oil and gas drilling and production; and provides oilfield services to the upstream oil and gas industry worldwide. It operates through three segments: Wellbore Technologies, Completion & Production Solutions, and Rig Technologies.
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