National-Oilwell Varco, Inc. (NYSE:NOV) – Stock analysts at Capital One Financial upped their FY2017 EPS estimates for shares of National-Oilwell Varco in a research note issued to investors on Tuesday. Capital One Financial analyst J. Gibney now forecasts that the oil and gas exploration company will post earnings per share of ($0.45) for the year, up from their prior forecast of ($0.50). Capital One Financial currently has a “Equal Weight” rating on the stock. Capital One Financial also issued estimates for National-Oilwell Varco’s Q4 2017 earnings at ($0.07) EPS, Q1 2018 earnings at ($0.08) EPS, Q3 2018 earnings at ($0.03) EPS, Q4 2018 earnings at $0.01 EPS and FY2018 earnings at ($0.16) EPS.

Several other brokerages also recently commented on NOV. Jefferies Group set a $34.00 target price on National-Oilwell Varco and gave the stock a “hold” rating in a report on Thursday, October 5th. Piper Jaffray Companies reissued a “buy” rating and issued a $36.00 target price on shares of National-Oilwell Varco in a report on Tuesday, September 26th. Deutsche Bank began coverage on National-Oilwell Varco in a report on Tuesday, October 10th. They issued a “hold” rating and a $39.00 target price on the stock. Citigroup boosted their target price on National-Oilwell Varco from $34.00 to $36.00 and gave the stock a “neutral” rating in a report on Thursday, October 5th. Finally, ValuEngine raised National-Oilwell Varco from a “sell” rating to a “hold” rating in a report on Wednesday, September 20th. Five analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $38.00.

National-Oilwell Varco (NYSE NOV) opened at $32.59 on Thursday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.62 and a current ratio of 2.75. National-Oilwell Varco has a 1-year low of $29.90 and a 1-year high of $41.90.

National-Oilwell Varco (NYSE:NOV) last announced its earnings results on Thursday, October 26th. The oil and gas exploration company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.01. The business had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.86 billion. National-Oilwell Varco had a negative return on equity of 1.41% and a negative net margin of 13.33%. National-Oilwell Varco’s revenue was up 11.5% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.34) EPS.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 8th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend is Thursday, December 7th. National-Oilwell Varco’s dividend payout ratio is -8.06%.

Large investors have recently bought and sold shares of the business. IHT Wealth Management LLC raised its position in shares of National-Oilwell Varco by 1,923.1% during 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. IBM Retirement Fund bought a new stake in shares of National-Oilwell Varco during the 3rd quarter valued at $200,000. Wrapmanager Inc. bought a new stake in shares of National-Oilwell Varco during the 3rd quarter valued at $202,000. Smith Salley & Associates bought a new stake in shares of National-Oilwell Varco during the 3rd quarter valued at $214,000. Finally, Advisor Partners LLC bought a new stake in shares of National-Oilwell Varco during the 3rd quarter valued at $227,000. 92.56% of the stock is currently owned by hedge funds and other institutional investors.

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About National-Oilwell Varco

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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