National-Oilwell Varco, Inc. (NYSE:NOV) – Analysts at Seaport Global Securities dropped their Q4 2019 earnings per share estimates for National-Oilwell Varco in a report issued on Monday. Seaport Global Securities analyst S. Randhawa now forecasts that the oil and gas exploration company will post earnings of $0.32 per share for the quarter, down from their previous estimate of $0.33. Seaport Global Securities has a “Sell” rating and a $30.00 price target on the stock.
National-Oilwell Varco (NYSE:NOV) last posted its quarterly earnings data on Monday, February 5th. The oil and gas exploration company reported ($0.04) EPS for the quarter, hitting the consensus estimate of ($0.04). The company had revenue of $1.97 billion during the quarter. National-Oilwell Varco had a negative net margin of 3.24% and a negative return on equity of 1.10%. During the same period in the previous year, the firm earned ($0.15) earnings per share.
National-Oilwell Varco (NYSE:NOV) traded down $0.02 during midday trading on Tuesday, reaching $33.69. 2,910,446 shares of the company’s stock traded hands, compared to its average volume of 3,372,509. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.07 and a quick ratio of 1.79. The stock has a market capitalization of $12,620.00, a price-to-earnings ratio of -53.35, a price-to-earnings-growth ratio of 21.05 and a beta of 0.89. National-Oilwell Varco has a 52 week low of $29.90 and a 52 week high of $41.90.
Several hedge funds have recently added to or reduced their stakes in NOV. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of National-Oilwell Varco in the third quarter valued at about $226,421,000. Wells Fargo & Company MN raised its holdings in shares of National-Oilwell Varco by 17.1% in the third quarter. Wells Fargo & Company MN now owns 5,248,794 shares of the oil and gas exploration company’s stock valued at $187,541,000 after acquiring an additional 765,634 shares in the last quarter. Parnassus Investments CA raised its holdings in shares of National-Oilwell Varco by 10.1% in the fourth quarter. Parnassus Investments CA now owns 6,929,938 shares of the oil and gas exploration company’s stock valued at $249,616,000 after acquiring an additional 637,925 shares in the last quarter. First Eagle Investment Management LLC raised its holdings in shares of National-Oilwell Varco by 2.1% in the third quarter. First Eagle Investment Management LLC now owns 27,068,594 shares of the oil and gas exploration company’s stock valued at $967,161,000 after acquiring an additional 563,589 shares in the last quarter. Finally, Contrarius Investment Management Ltd raised its holdings in National-Oilwell Varco by 16.4% in the third quarter. Contrarius Investment Management Ltd now owns 3,103,081 shares of the oil and gas exploration company’s stock worth $110,873,000 after purchasing an additional 436,812 shares in the last quarter. Hedge funds and other institutional investors own 91.70% 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.
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