National Oilwell Varco, Inc. (NYSE:NOV) – Stock analysts at Griffin Securities issued their Q1 2018 earnings per share (EPS) estimates for shares of National Oilwell Varco in a note issued to investors on Tuesday. Griffin Securities analyst K. Simpson forecasts that the oil and gas exploration company will earn $0.01 per share for the quarter. Griffin Securities also issued estimates for National Oilwell Varco’s Q2 2018 earnings at $0.04 EPS, Q3 2018 earnings at $0.10 EPS, Q4 2018 earnings at $0.17 EPS and FY2019 earnings at $1.27 EPS.

NOV has been the subject of several other reports. Wolfe Research downgraded National Oilwell Varco from a “market perform” rating to an “underperform” rating in a research note on Tuesday. BidaskClub downgraded National Oilwell Varco from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. ValuEngine raised National Oilwell Varco from a “sell” rating to a “hold” rating in a research note on Wednesday, September 20th. Credit Suisse Group set a $35.00 target price on National Oilwell Varco and gave the stock a “hold” rating in a research note on Saturday, July 29th. Finally, FBR & Co reaffirmed a “buy” rating and set a $42.00 target price on shares of National Oilwell Varco in a research note on Thursday, August 31st. Six investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $37.92.

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National Oilwell Varco (NYSE:NOV) last announced its quarterly earnings data on Thursday, October 26th. The oil and gas exploration company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.01. National Oilwell Varco had a negative net margin of 13.33% and a negative return on equity of 1.41%. The business had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same period last year, the firm posted ($0.34) EPS. The company’s revenue was up 11.5% on a year-over-year basis.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. IHT Wealth Management LLC increased its holdings in shares of National Oilwell Varco by 1,923.1% in the 2nd quarter. IHT Wealth Management LLC now owns 526 shares of the oil and gas exploration company’s stock valued at $112,000 after acquiring an additional 500 shares during the last quarter. Exane Derivatives increased its holdings in shares of National Oilwell Varco by 113.8% in the 2nd quarter. Exane Derivatives now owns 3,985 shares of the oil and gas exploration company’s stock valued at $131,000 after acquiring an additional 2,121 shares during the last quarter. United Capital Financial Advisers LLC purchased a new position in shares of National Oilwell Varco in the 1st quarter valued at about $206,000. Chicago Partners Investment Group LLC purchased a new position in shares of National Oilwell Varco in the 2nd quarter valued at about $194,000. Finally, Lakeview Capital Partners LLC increased its holdings in shares of National Oilwell Varco by 2.6% in the 2nd quarter. Lakeview Capital Partners LLC now owns 6,194 shares of the oil and gas exploration company’s stock valued at $204,000 after acquiring an additional 155 shares during the last quarter. Institutional investors and hedge funds own 90.18% of the company’s stock.

National Oilwell Varco Company Profile

National Oilwell Varco, Inc is an oilfield equipment manufacturer and technology provider. The Company operates through four segments: Rig Systems, Rig Aftermarket, Wellbore Technologies and Completion & Production Solutions. The Rig Systems segment makes and supports the capital equipment and integrated systems needed to drill oil and gas wells on land and offshore.

Earnings History and Estimates for National Oilwell Varco (NYSE:NOV)

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