National-Oilwell Varco, Inc. (NYSE:NOV) – Research analysts at Capital One Financial issued their Q1 2021 EPS estimates for shares of National-Oilwell Varco in a report released on Tuesday, July 28th. Capital One Financial analyst L. Lemoine anticipates that the oil and gas exploration company will post earnings of ($0.05) per share for the quarter. Capital One Financial currently has a “Overweight” rating on the stock. Capital One Financial also issued estimates for National-Oilwell Varco’s Q2 2021 earnings at ($0.02) EPS and Q3 2021 earnings at $0.01 EPS.
Several other research firms have also commented on NOV. Piper Sandler reduced their price target on shares of National-Oilwell Varco from $11.40 to $11.30 and set a “neutral” rating on the stock in a research report on Wednesday. UBS Group boosted their target price on National-Oilwell Varco from $10.00 to $11.00 and gave the company a “neutral” rating in a research report on Tuesday, May 26th. Cowen boosted their target price on National-Oilwell Varco from $15.00 to $16.00 and gave the company an “outperform” rating in a research report on Wednesday. Barclays lowered National-Oilwell Varco from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $14.00 to $8.00 in a research report on Thursday, May 14th. They noted that the move was a valuation call. Finally, ValuEngine raised National-Oilwell Varco from a “hold” rating to a “buy” rating in a research report on Friday, May 1st. Eleven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $17.91.
NOV stock opened at $11.51 on Friday. The company has a quick ratio of 1.79, a current ratio of 2.86 and a debt-to-equity ratio of 0.37. The firm’s 50 day moving average price is $11.99 and its 200-day moving average price is $14.70. National-Oilwell Varco has a one year low of $8.00 and a one year high of $25.81.
National-Oilwell Varco (NYSE:NOV) last released its quarterly earnings results on Monday, July 27th. The oil and gas exploration company reported $0.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.13) by $0.15. The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.53 billion. National-Oilwell Varco had a negative net margin of 35.56% and a negative return on equity of 2.32%. The business’s revenue for the quarter was down 29.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.02 EPS.
Several hedge funds have recently modified their holdings of NOV. Point72 Hong Kong Ltd acquired a new position in shares of National-Oilwell Varco during the fourth quarter worth $30,000. Pearl River Capital LLC acquired a new position in shares of National-Oilwell Varco during the first quarter worth $44,000. Schroder Investment Management Group grew its stake in shares of National-Oilwell Varco by 281.0% during the first quarter. Schroder Investment Management Group now owns 4,462 shares of the oil and gas exploration company’s stock worth $49,000 after purchasing an additional 3,291 shares in the last quarter. First Hawaiian Bank acquired a new position in shares of National-Oilwell Varco during the first quarter worth $99,000. Finally, PFS Investments Inc. grew its stake in shares of National-Oilwell Varco by 19.8% during the first quarter. PFS Investments Inc. now owns 10,592 shares of the oil and gas exploration company’s stock worth $104,000 after purchasing an additional 1,747 shares in the last quarter. Hedge funds and other institutional investors own 95.83% of the company’s stock.
About National-Oilwell Varco
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.
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