Equities analysts forecast that National-Oilwell Varco, Inc. (NYSE:NOV) will report earnings per share of $0.16 for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for National-Oilwell Varco’s earnings, with the lowest EPS estimate coming in at $0.11 and the highest estimate coming in at $0.19. National-Oilwell Varco posted earnings per share of $0.03 during the same quarter last year, which would suggest a positive year over year growth rate of 433.3%. The company is scheduled to report its next quarterly earnings results after the market closes on Thursday, February 6th.

According to Zacks, analysts expect that National-Oilwell Varco will report full year earnings of $0.19 per share for the current financial year, with EPS estimates ranging from $0.11 to $0.31. For the next fiscal year, analysts expect that the firm will post earnings of $0.76 per share, with EPS estimates ranging from ($0.04) to $1.15. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover National-Oilwell Varco.

National-Oilwell Varco (NYSE:NOV) last announced its quarterly earnings results on Monday, October 28th. The oil and gas exploration company reported ($0.64) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.76). National-Oilwell Varco had a negative net margin of 66.29% and a negative return on equity of 2.82%. The firm had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.17 billion. The business’s quarterly revenue was down 1.3% compared to the same quarter last year.

Several research firms have recently issued reports on NOV. Bernstein Bank began coverage on shares of National-Oilwell Varco in a report on Tuesday. They issued a “market perform” rating for the company. Morgan Stanley decreased their price objective on shares of National-Oilwell Varco from $28.00 to $25.00 and set an “equal weight” rating for the company in a report on Tuesday, October 8th. AltaCorp Capital upgraded shares of National-Oilwell Varco from an “underperform” rating to a “sector perform” rating in a report on Wednesday, December 18th. Sanford C. Bernstein began coverage on shares of National-Oilwell Varco in a report on Monday. They issued a “market perform” rating for the company. Finally, Wells Fargo & Co increased their price objective on shares of National-Oilwell Varco from $24.00 to $25.00 and gave the company an “equal weight” rating in a report on Thursday, January 9th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $26.35.

Shares of NYSE:NOV traded up $0.20 during trading hours on Thursday, hitting $23.52. The stock had a trading volume of 1,882,636 shares, compared to its average volume of 2,859,140. The stock’s fifty day simple moving average is $24.01 and its 200 day simple moving average is $22.11. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.75 and a current ratio of 2.86. The firm has a market capitalization of $9.00 billion, a price-to-earnings ratio of -294.00, a PEG ratio of 2.03 and a beta of 1.36. National-Oilwell Varco has a 1-year low of $18.05 and a 1-year high of $32.63.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date was Thursday, December 5th. National-Oilwell Varco’s payout ratio is -250.00%.

In related news, VP Scott K. Duff sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $23.51, for a total transaction of $141,060.00. Following the completion of the sale, the vice president now directly owns 42,721 shares in the company, valued at $1,004,370.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.92% of the company’s stock.

Large investors have recently modified their holdings of the stock. Usca Ria LLC bought a new stake in National-Oilwell Varco during the third quarter worth approximately $25,000. Lindbrook Capital LLC bought a new stake in National-Oilwell Varco during the third quarter worth approximately $25,000. FinTrust Capital Advisors LLC boosted its holdings in National-Oilwell Varco by 156.2% during the third quarter. FinTrust Capital Advisors LLC now owns 1,227 shares of the oil and gas exploration company’s stock worth $26,000 after buying an additional 748 shares in the last quarter. Cornerstone Advisors Inc. boosted its holdings in National-Oilwell Varco by 285.0% during the third quarter. Cornerstone Advisors Inc. now owns 1,390 shares of the oil and gas exploration company’s stock worth $29,000 after buying an additional 1,029 shares in the last quarter. Finally, Evoke Wealth LLC bought a new stake in National-Oilwell Varco during the third quarter worth approximately $32,000. Hedge funds and other institutional investors own 95.37% of the company’s stock.

About National-Oilwell Varco

National Oilwell Varco, Inc designs, manufactures, and sells systems, components, and products for oil and gas drilling and production worldwide. It operates in three segments: Wellbore Technologies, Completion & Production Solutions, and Rig Technologies. The Wellbore Technologies segment offers various equipment and technologies used to perform drilling operations.

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