National-Oilwell Varco (NOV) Set to Announce Earnings on Monday
National-Oilwell Varco (NYSE:NOV) is scheduled to be releasing its Q114 earnings data on Monday, April 28th. Analysts expect National-Oilwell Varco to post earnings of $1.39 per share and revenue of $5.80 billion for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.
National-Oilwell Varco (NYSE:NOV) last released its earnings data on Friday, January 31st. The company reported $1.56 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.39 by $0.17. The company had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $5.86 billion. During the same quarter in the prior year, the company posted $1.49 earnings per share. The company’s quarterly revenue was up 8.6% on a year-over-year basis. On average, analysts expect National-Oilwell Varco to post $6.13 EPS for the current fiscal year and $6.96 EPS for the next fiscal year.
National-Oilwell Varco (NYSE:NOV) opened at 82.88 on Friday. National-Oilwell Varco has a 1-year low of $63.25 and a 1-year high of $84.71. The stock has a 50-day moving average of $77.8 and a 200-day moving average of $78.56. The company has a market cap of $35.516 billion and a price-to-earnings ratio of 15.19.
A number of analysts have recently weighed in on NOV shares. Analysts at Bank of America reiterated a “buy” rating on shares of National-Oilwell Varco in a research note on Tuesday, April 15th. They now have a $85.00 price target on the stock, down previously from $93.00. On the ratings front, analysts at Standpoint Research upgraded shares of National-Oilwell Varco from a “hold” rating to a “buy” rating in a research note on Friday, April 4th. They now have a $95.00 price target on the stock. Finally, analysts at Goldman Sachs downgraded shares of National-Oilwell Varco from a “buy” rating to a “neutral” rating in a research note on Monday, March 17th. Eight equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $90.16.
National Oilwell Varco, Inc is a provider of equipment and components used in oil and gas drilling and production operations, oilfield services, and supply chain integration services to the upstream oil and gas industry.
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