National-Oilwell Varco, Inc. (NYSE:NOV) – Investment analysts at Seaport Global Securities boosted their Q1 2018 earnings per share estimates for shares of National-Oilwell Varco in a note issued to investors on Monday. Seaport Global Securities analyst S. Randhawa now forecasts that the oil and gas exploration company will earn ($0.02) per share for the quarter, up from their previous forecast of ($0.04). Seaport Global Securities has a “Sell” rating and a $30.00 price objective on the stock. Seaport Global Securities also issued estimates for National-Oilwell Varco’s Q2 2018 earnings at $0.03 EPS, Q3 2018 earnings at $0.09 EPS, Q4 2018 earnings at $0.15 EPS, FY2018 earnings at $0.24 EPS, Q1 2019 earnings at $0.18 EPS, Q2 2019 earnings at $0.22 EPS, Q3 2019 earnings at $0.27 EPS and FY2019 earnings at $0.99 EPS.
National-Oilwell Varco (NYSE:NOV) last announced its earnings results on Monday, February 5th. The oil and gas exploration company reported ($0.04) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.04). The business had revenue of $1.97 billion for 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 prior year, the business earned ($0.15) earnings per share.
Shares of National-Oilwell Varco (NYSE NOV) opened at $33.66 on Wednesday. The company has a quick ratio of 1.79, a current ratio of 3.07 and a debt-to-equity ratio of 0.19. National-Oilwell Varco has a one year low of $29.90 and a one year high of $41.90.
A number of hedge funds and other institutional investors have recently modified their holdings of NOV. Hotchkis & Wiley Capital Management LLC bought a new position in shares of National-Oilwell Varco in the third quarter worth approximately $226,421,000. Wells Fargo & Company MN grew 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 worth $187,541,000 after purchasing an additional 765,634 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of National-Oilwell Varco by 86.5% in the fourth quarter. Renaissance Technologies LLC now owns 1,639,210 shares of the oil and gas exploration company’s stock worth $59,044,000 after purchasing an additional 760,500 shares during the last quarter. Parnassus Investments CA grew 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 worth $249,616,000 after purchasing an additional 637,925 shares during the last quarter. Finally, First Eagle Investment Management LLC grew 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 worth $967,161,000 after purchasing an additional 563,589 shares during the last quarter. Institutional investors and hedge funds own 91.70% of the company’s stock.
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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.
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