Q3 2018 EPS Estimates for National-Oilwell Varco, Inc. Lifted by Capital One Financial (NOV)

National-Oilwell Varco, Inc. (NYSE:NOV) – Stock analysts at Capital One Financial boosted their Q3 2018 EPS estimates for shares of National-Oilwell Varco in a note issued to investors on Tuesday. Capital One Financial analyst J. Gibney now expects that the oil and gas exploration company will earn $0.09 per share for the quarter, up from their prior forecast of $0.06. Capital One Financial currently has a “Equal Weight” rating on the stock. Capital One Financial also issued estimates for National-Oilwell Varco’s Q4 2018 earnings at $0.21 EPS.

Several other research analysts have also recently weighed in on the stock. Scotiabank set a $37.00 price target on shares of National-Oilwell Varco and gave the stock a “hold” rating in a report on Friday, October 27th. Zacks Investment Research cut shares of National-Oilwell Varco from a “buy” rating to a “hold” rating in a report on Monday, October 23rd. ValuEngine cut shares of National-Oilwell Varco from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th. Royal Bank of Canada set a $37.00 price target on shares of National-Oilwell Varco and gave the stock a “hold” rating in a report on Thursday, December 21st. Finally, R. F. Lafferty cut their price target on shares of National-Oilwell Varco from $33.00 to $31.00 and set a “hold” rating on the stock in a report on Monday, November 6th. Five research analysts have rated the stock with a sell rating, nineteen have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. National-Oilwell Varco presently has a consensus rating of “Hold” and a consensus price target of $38.08.

National-Oilwell Varco (NYSE:NOV) opened at $35.36 on Wednesday. National-Oilwell Varco has a twelve month low of $29.90 and a twelve month high of $41.90. The firm has a market cap of $12,864.09, a PE ratio of -56.17, a P/E/G ratio of 16.53 and a beta of 0.89. The company has a current ratio of 2.75, a quick ratio of 1.62 and a debt-to-equity ratio of 0.19.

Hedge funds have recently made changes to their positions in the stock. Ameriprise Financial Inc. increased its holdings in National-Oilwell Varco by 5.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 254,266 shares of the oil and gas exploration company’s stock worth $8,371,000 after acquiring an additional 13,241 shares during the period. Thrivent Financial For Lutherans increased its holdings in National-Oilwell Varco by 3.0% during the 2nd quarter. Thrivent Financial For Lutherans now owns 14,400 shares of the oil and gas exploration company’s stock worth $474,000 after acquiring an additional 420 shares during the period. Balyasny Asset Management LLC bought a new stake in National-Oilwell Varco during the 2nd quarter worth approximately $856,000. Royal Bank of Canada increased its holdings in National-Oilwell Varco by 26.5% during the 2nd quarter. Royal Bank of Canada now owns 291,575 shares of the oil and gas exploration company’s stock worth $9,605,000 after acquiring an additional 61,029 shares during the period. Finally, Macquarie Group Ltd. increased its holdings in National-Oilwell Varco by 11.0% during the 2nd quarter. Macquarie Group Ltd. now owns 19,100 shares of the oil and gas exploration company’s stock worth $629,000 after acquiring an additional 1,900 shares during the period. Institutional investors own 91.83% of the company’s stock.

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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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