National-Oilwell Varco, Inc. (NYSE:NOV) – Analysts at Gabelli lowered their FY2018 earnings per share (EPS) estimates for shares of National-Oilwell Varco in a note issued to investors on Wednesday. Gabelli analyst S. Wong now expects that the oil and gas exploration company will post earnings of $0.30 per share for the year, down from their prior estimate of $0.45.

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, meeting the Thomson Reuters’ consensus estimate of ($0.04). The firm had revenue of $1.97 billion during the quarter. National-Oilwell Varco had a negative return on equity of 1.10% and a negative net margin of 3.24%. During the same period in the prior year, the company earned ($0.15) earnings per share.

A number of other equities analysts also recently issued reports on the company. Seaport Global Securities reissued a “sell” rating and set a $30.00 target price on shares of National-Oilwell Varco in a research note on Monday. B. Riley set a $42.00 target price on National-Oilwell Varco and gave the stock a “buy” rating in a research note on Thursday, February 8th. Barclays set a $37.00 target price on National-Oilwell Varco and gave the stock an “equal weight” rating in a research note on Thursday, February 8th. TheStreet raised National-Oilwell Varco from a “d+” rating to a “c” rating in a research note on Tuesday, February 6th. Finally, Cowen increased their target price on National-Oilwell Varco from $33.00 to $36.00 and gave the stock a “market perform” rating in a research note on Thursday, February 8th. Five research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $38.13.

Shares of National-Oilwell Varco (NOV) traded up $0.78 during mid-day trading on Monday, hitting $34.44. The stock had a trading volume of 1,764,677 shares, compared to its average volume of 3,323,651. The stock has a market cap of $12,810.88, a P/E ratio of -54.54, a price-to-earnings-growth ratio of 22.09 and a beta of 0.89. National-Oilwell Varco has a fifty-two week low of $29.90 and a fifty-two week high of $41.90. The company has a current ratio of 3.07, a quick ratio of 1.79 and a debt-to-equity ratio of 0.19.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dupont Capital Management Corp acquired a new stake in shares of National-Oilwell Varco in the 4th quarter worth approximately $141,000. Global Trust Asset Management LLC acquired a new stake in National-Oilwell Varco during the 4th quarter valued at $160,000. CoreCommodity Management LLC acquired a new stake in National-Oilwell Varco during the 4th quarter valued at $162,000. Cadence Bank NA acquired a new stake in National-Oilwell Varco during the 4th quarter valued at $201,000. Finally, IBM Retirement Fund acquired a new stake in National-Oilwell Varco during the 3rd quarter valued at $200,000. Institutional investors and hedge funds 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.

Earnings History and Estimates for National-Oilwell Varco (NYSE:NOV)

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