Gabelli Comments on National-Oilwell Varco, Inc.’s FY2018 Earnings (NOV)
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.
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.
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