National-Oilwell Varco, Inc. (NYSE:NOV) – Analysts at Jefferies Group raised their Q1 2018 earnings per share (EPS) estimates for shares of National-Oilwell Varco in a research report issued on Wednesday. Jefferies Group analyst E. Royes now forecasts that the oil and gas exploration company will earn ($0.01) per share for the quarter, up from their prior estimate of ($0.05). Jefferies Group has a “Hold” rating and a $35.00 price objective on the stock. Jefferies Group also issued estimates for National-Oilwell Varco’s Q2 2018 earnings at $0.02 EPS, Q3 2018 earnings at $0.07 EPS, FY2018 earnings at $0.25 EPS, FY2019 earnings at $1.35 EPS and FY2020 earnings at $2.45 EPS.

A number of other research analysts also recently commented on the stock. B. Riley set a $42.00 price objective on shares of National-Oilwell Varco and gave the company a “buy” rating in a research report on Thursday. Barclays set a $37.00 price objective on shares of National-Oilwell Varco and gave the company an “equal weight” rating in a research report on Thursday. TheStreet raised shares of National-Oilwell Varco from a “d+” rating to a “c” rating in a research report on Tuesday. Cowen lifted their price objective on shares of National-Oilwell Varco from $33.00 to $36.00 and gave the company a “market perform” rating in a research report on Thursday. Finally, ValuEngine downgraded shares of National-Oilwell Varco from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Five research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. National-Oilwell Varco has an average rating of “Hold” and an average price target of $38.50.

National-Oilwell Varco (NYSE NOV) opened at $33.09 on Friday. National-Oilwell Varco has a 12-month low of $29.90 and a 12-month high of $41.90. The company has a market cap of $12,580.00, a PE ratio of -52.52, a PEG ratio of 16.03 and a beta of 0.89. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.07 and a quick ratio of 1.62.

National-Oilwell Varco (NYSE:NOV) last announced its quarterly earnings data on Monday, February 5th. The oil and gas exploration company reported ($0.04) EPS for the quarter, meeting analysts’ consensus estimates of ($0.04). National-Oilwell Varco had a negative net margin of 3.24% and a negative return on equity of 1.10%. The company had revenue of $1.97 billion during the quarter. During the same period last year, the business earned ($0.15) EPS.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Thrivent Financial For Lutherans lifted its stake in shares of National-Oilwell Varco by 3.0% during the 2nd quarter. Thrivent Financial For Lutherans now owns 14,400 shares of the oil and gas exploration company’s stock worth $474,000 after buying an additional 420 shares during the last quarter. IHT Wealth Management LLC lifted its stake in shares of National-Oilwell Varco by 1,923.1% during the 2nd quarter. IHT Wealth Management LLC now owns 526 shares of the oil and gas exploration company’s stock worth $112,000 after buying an additional 500 shares during the last quarter. Mn Services Vermogensbeheer B.V. lifted its stake in shares of National-Oilwell Varco by 2.4% during the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 62,957 shares of the oil and gas exploration company’s stock worth $2,249,000 after buying an additional 1,500 shares during the last quarter. Bank of Hawaii lifted its stake in shares of National-Oilwell Varco by 4.5% during the 3rd quarter. Bank of Hawaii now owns 36,149 shares of the oil and gas exploration company’s stock worth $1,292,000 after buying an additional 1,555 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its stake in shares of National-Oilwell Varco by 14.1% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 12,580 shares of the oil and gas exploration company’s stock worth $449,000 after buying an additional 1,558 shares during the last quarter. Institutional investors own 91.83% 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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