National Oilwell Varco, Inc. (NYSE:NOV) – Stock analysts at Jefferies Group issued their Q1 2018 earnings per share (EPS) estimates for shares of National Oilwell Varco in a research report issued on Monday. Jefferies Group analyst B. Handler forecasts that the oil and gas exploration company will post earnings of ($0.04) per share for the quarter. Jefferies Group currently has a “Hold” rating and a $34.00 price target on the stock. Jefferies Group also issued estimates for National Oilwell Varco’s Q2 2018 earnings at ($0.02) EPS, Q3 2018 earnings at $0.04 EPS and Q4 2018 earnings at $0.11 EPS.

National Oilwell Varco (NYSE:NOV) last released its 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. The firm had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.86 billion. National Oilwell Varco had a negative net margin of 13.33% and a negative return on equity of 1.41%. National Oilwell Varco’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same period in the previous year, the company earned ($0.34) EPS.

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NOV has been the subject of several other research reports. ValuEngine upgraded shares of National Oilwell Varco from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Royal Bank Of Canada restated a “hold” rating on shares of National Oilwell Varco in a research report on Friday, September 1st. Wells Fargo & Company restated a “market perform” rating on shares of National Oilwell Varco in a research report on Monday, July 10th. Cowen and Company restated a “hold” rating and issued a $37.00 price target on shares of National Oilwell Varco in a research report on Tuesday, July 11th. Finally, Scotiabank set a $37.00 price target on shares of National Oilwell Varco and gave the company a “hold” rating in a research report on Friday, October 27th. Six investment analysts have rated the stock with a sell rating, nineteen have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $37.92.

Several large investors have recently added to or reduced their stakes in NOV. Harris Associates L P increased its holdings in shares of National Oilwell Varco by 16.0% in the second quarter. Harris Associates L P now owns 18,574,753 shares of the oil and gas exploration company’s stock valued at $611,852,000 after purchasing an additional 2,557,484 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of National Oilwell Varco by 459.0% in the second quarter. The Manufacturers Life Insurance Company now owns 2,639,603 shares of the oil and gas exploration company’s stock valued at $86,948,000 after acquiring an additional 2,167,397 shares in the last quarter. American Century Companies Inc. grew its stake in shares of National Oilwell Varco by 33.6% in the second quarter. American Century Companies Inc. now owns 5,924,558 shares of the oil and gas exploration company’s stock valued at $195,155,000 after acquiring an additional 1,491,359 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of National Oilwell Varco by 2.5% in the second quarter. Vanguard Group Inc. now owns 38,794,232 shares of the oil and gas exploration company’s stock valued at $1,277,882,000 after acquiring an additional 930,849 shares in the last quarter. Finally, Great Lakes Advisors LLC grew its stake in shares of National Oilwell Varco by 136.2% in the second quarter. Great Lakes Advisors LLC now owns 1,503,441 shares of the oil and gas exploration company’s stock valued at $49,523,000 after acquiring an additional 866,962 shares in the last quarter. Hedge funds and other institutional investors own 90.18% of the company’s stock.

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.

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

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