National-Oilwell Varco (NOV) Earns Coverage Optimism Rating of 0.16
News stories about National-Oilwell Varco (NYSE:NOV) have been trending somewhat positive this week, according to Accern. Accern scores the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. National-Oilwell Varco earned a news impact score of 0.16 on Accern’s scale. Accern also assigned press coverage about the oil and gas exploration company an impact score of 46.076436352401 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
- National-Oilwell Varco, Inc. (NOV) Receives Average Recommendation of “Hold” from Brokerages (americanbankingnews.com)
- Eye-Catching Shares – National Oilwell Varco Inc (NYSE: NOV) – Alpha Beta Stock (alphabetastock.com)
- Heading Towards a Potential Reversal? National Oilwell Varco, Inc. (NOV), SUPERVALU Inc. (SVU) – Market Movers (financialqz.com)
- What’s Schlumberger’s Stock Price Forecast for the Next 7 Days? (finance.yahoo.com)
- National-Oilwell Varco (NOV) vs. Eco-Stim Energy Solutions (ESES) Critical Survey (americanbankingnews.com)
Several equities analysts recently issued reports on the stock. Cowen set a $33.00 price objective on shares of National-Oilwell Varco and gave the company a “hold” rating in a report on Thursday, January 11th. 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. Jefferies Group set a $35.00 price target on shares of National-Oilwell Varco and gave the stock a “hold” rating in a report on Thursday, January 4th. Capital One Financial reaffirmed an “equal weight” rating on shares of National-Oilwell Varco in a report on Friday, October 27th. 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. Four research analysts have rated the stock with a sell rating, twenty have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. National-Oilwell Varco presently has an average rating of “Hold” and an average price target of $38.04.
National-Oilwell Varco (NYSE:NOV) last posted its quarterly earnings data 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 net margin of 13.33% and a negative return on equity of 1.41%. The business had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the previous year, the firm posted ($0.34) earnings per share. The business’s revenue for the quarter was up 11.5% compared to the same quarter last year. research analysts forecast that National-Oilwell Varco will post -0.41 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Friday, December 8th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $0.20 annualized dividend and a dividend yield of 0.52%. National-Oilwell Varco’s payout ratio is currently -8.06%.
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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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