National-Oilwell Varco (NYSE:NOV) will be announcing its earnings results after the market closes on Thursday, October 25th. Analysts expect the company to announce earnings of $0.12 per share for the quarter.

National-Oilwell Varco (NYSE:NOV) last released its quarterly earnings data on Thursday, July 26th. The oil and gas exploration company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.02 by $0.04. National-Oilwell Varco had a negative return on equity of 0.60% and a negative net margin of 1.09%. The company had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2 billion. During the same period last year, the company earned ($0.14) EPS. National-Oilwell Varco’s revenue for the quarter was up 19.7% on a year-over-year basis. On average, analysts expect National-Oilwell Varco to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

NYSE NOV opened at $40.27 on Tuesday. National-Oilwell Varco has a one year low of $31.47 and a one year high of $49.08. The stock has a market capitalization of $15.46 billion, a P/E ratio of -95.88, a price-to-earnings-growth ratio of 47.81 and a beta of 0.93. The company has a quick ratio of 1.75, a current ratio of 3.19 and a debt-to-equity ratio of 0.19.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Friday, September 14th were issued a $0.05 dividend. The ex-dividend date was Thursday, September 13th. This represents a $0.20 annualized dividend and a yield of 0.50%. National-Oilwell Varco’s payout ratio is -47.62%.

In other news, Chairman Clay C. Williams sold 465,116 shares of National-Oilwell Varco stock in a transaction dated Wednesday, August 1st. The stock was sold at an average price of $47.91, for a total transaction of $22,283,707.56. Following the transaction, the chairman now directly owns 811,642 shares of the company’s stock, valued at approximately $38,885,768.22. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Craig L. Weinstock sold 3,709 shares of National-Oilwell Varco stock in a transaction dated Monday, July 30th. The shares were sold at an average price of $48.02, for a total value of $178,106.18. Following the transaction, the vice president now directly owns 42,663 shares in the company, valued at $2,048,677.26. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 514,559 shares of company stock worth $24,588,009. Insiders own 0.79% of the company’s stock.

Several research analysts have issued reports on the company. R. F. Lafferty raised National-Oilwell Varco from a “hold” rating to a “buy” rating and raised their target price for the stock from $41.00 to $51.00 in a research report on Tuesday, August 21st. Edward Jones cut National-Oilwell Varco from a “buy” rating to a “hold” rating in a research report on Tuesday, September 4th. Morgan Stanley assumed coverage on National-Oilwell Varco in a research report on Tuesday, September 18th. They issued an “equal weight” rating and a $50.00 target price on the stock. Citigroup raised their target price on National-Oilwell Varco from $39.00 to $45.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 11th. Finally, Cowen reissued a “hold” rating and issued a $45.00 target price on shares of National-Oilwell Varco in a research report on Friday, October 12th. Two equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and six have issued a buy rating to the company. National-Oilwell Varco presently has a consensus rating of “Hold” and a consensus price target of $44.50.

National-Oilwell Varco Company Profile

National Oilwell Varco, Inc designs, manufactures, and sells systems and components used in oil and gas drilling and production; and provides oilfield services to the upstream oil and gas industry worldwide. It operates through three segments: Wellbore Technologies, Completion & Production Solutions, and Rig Technologies.

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

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