Media stories about National Oilwell Varco (NYSE:NOV) have been trending somewhat positive on Thursday, according to Accern. Accern rates the sentiment of press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. National Oilwell Varco earned a news impact score of 0.13 on Accern’s scale. Accern also assigned news stories about the oil and gas exploration company an impact score of 46.8458774617296 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the news stories that may have effected Accern Sentiment’s analysis:

A number of equities analysts recently issued reports on the company. ValuEngine downgraded National Oilwell Varco from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. B. Riley reissued a “buy” rating on shares of National Oilwell Varco in a report on Wednesday, November 1st. Loop Capital raised National Oilwell Varco from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a report on Thursday, August 17th. Barclays decreased their price objective on National Oilwell Varco from $38.00 to $36.00 and set an “equal weight” rating for the company in a report on Monday, October 30th. Finally, SunTrust Banks raised National Oilwell Varco from a “sell” rating to a “hold” rating in a report on Wednesday, November 29th. Five analysts have rated the stock with a sell rating, nineteen have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. National Oilwell Varco currently has a consensus rating of “Hold” and a consensus price target of $38.00.

National Oilwell Varco (NOV) traded down $0.26 during trading on Thursday, hitting $32.40. The stock had a trading volume of 2,722,017 shares, compared to its average volume of 3,291,865. National Oilwell Varco has a twelve month low of $29.90 and a twelve month high of $43.63. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.75 and a quick ratio of 1.62.

National Oilwell Varco (NYSE:NOV) last released its quarterly earnings results on Thursday, October 26th. The oil and gas exploration company reported ($0.07) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.01. National Oilwell Varco had a negative return on equity of 1.41% and a negative net margin of 13.33%. The business had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the prior year, the business earned ($0.34) earnings per share. The company’s quarterly revenue was up 11.5% compared to the same quarter last year. sell-side analysts anticipate that National Oilwell Varco will post -0.41 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 8th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.62%. The ex-dividend date is Thursday, December 7th. National Oilwell Varco’s dividend payout ratio (DPR) is presently -8.03%.

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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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