Somewhat Favorable Media Coverage Somewhat Unlikely to Impact National Oilwell Varco (NOV) Stock Price
Headlines about National Oilwell Varco (NYSE:NOV) have been trending somewhat positive recently, according to Accern. The research group rates the sentiment of press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. National Oilwell Varco earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave news headlines about the oil and gas exploration company an impact score of 45.7642340229671 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the media headlines that may have effected Accern Sentiment’s rankings:
- National Oilwell Varco, Inc. (NOV) Expected to Announce Quarterly Sales of $1.87 Billion (americanbankingnews.com)
- National Oilwell Varco’s (NOV) Buy Rating Reiterated at FBR & Co (americanbankingnews.com)
- Analyzing Free Cash Flow Growth: National Oilwell Varco (finance.yahoo.com)
- Unusual Activity Spotted in National Oilwell Varco Inc (NOV) – FLBC News (flbcnews.com)
- Best and Worst Oilfield Services Stocks by Free Cash Flow Growth (finance.yahoo.com)
National Oilwell Varco (NYSE NOV) traded up 0.03% on Friday, reaching $30.68. 1,994,099 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $31.78 and a 200-day moving average price of $34.87. National Oilwell Varco has a 1-year low of $29.90 and a 1-year high of $43.63. The company’s market capitalization is $11.66 billion.
National Oilwell Varco (NYSE:NOV) last announced its quarterly earnings data on Thursday, July 27th. The oil and gas exploration company reported ($0.14) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.14). The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.78 billion. National Oilwell Varco had a negative net margin of 33.24% and a negative return on equity of 2.12%. National Oilwell Varco’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.30) EPS. Equities research analysts expect that National Oilwell Varco will post ($0.40) earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a dividend of $0.05 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.20 dividend on an annualized basis and a yield of 0.65%. National Oilwell Varco’s payout ratio is currently -3.31%.
NOV has been the subject of a number of research analyst reports. BMO Capital Markets reaffirmed a “sell” rating and issued a $30.00 price target on shares of National Oilwell Varco in a report on Thursday, June 22nd. BidaskClub cut shares of National Oilwell Varco from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. Credit Suisse Group set a $35.00 price target on shares of National Oilwell Varco and gave the stock a “hold” rating in a report on Saturday, July 29th. FBR & Co reaffirmed a “buy” rating and issued a $42.00 price target on shares of National Oilwell Varco in a report on Thursday. Finally, Barclays PLC reaffirmed a “hold” rating and issued a $38.00 price target on shares of National Oilwell Varco in a report on Wednesday, August 2nd. Five equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. National Oilwell Varco presently has an average rating of “Hold” and a consensus target price of $38.82.
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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