National-Oilwell Varco, Inc. (NYSE:NOV) – Equities research analysts at Griffin Securities issued their Q1 2018 earnings per share estimates for National-Oilwell Varco in a report issued on Tuesday. Griffin Securities analyst K. Simpson forecasts that the oil and gas exploration company will earn $0.01 per share for the quarter. Griffin Securities also issued estimates for National-Oilwell Varco’s Q2 2018 earnings at $0.04 EPS, Q3 2018 earnings at $0.10 EPS, Q4 2018 earnings at $0.17 EPS and FY2019 earnings at $1.27 EPS.

A number of other analysts have also weighed in on NOV. J P Morgan Chase & Co dropped their target price on shares of National-Oilwell Varco from $30.00 to $27.00 and set a “neutral” rating for the company in a report on Monday, October 30th. R. F. Lafferty reiterated a “hold” rating and set a $33.00 target price (down from $38.00) on shares of National-Oilwell Varco in a report on Tuesday, August 1st. Citigroup Inc dropped their target price on shares of National-Oilwell Varco from $36.00 to $35.00 and set a “neutral” rating for the company in a report on Tuesday. Wolfe Research lowered shares of National-Oilwell Varco from a “market perform” rating to an “underperform” rating in a report on Tuesday. Finally, Royal Bank Of Canada set a $35.00 target price on shares of National-Oilwell Varco and gave the stock a “hold” rating in a report on Friday, October 27th. Six equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. National-Oilwell Varco currently has an average rating of “Hold” and an average target price of $37.92.

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Shares of National-Oilwell Varco (NOV) opened at $33.42 on Thursday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.75 and a quick ratio of 1.62. National-Oilwell Varco has a one year low of $29.90 and a one year high of $43.63.

National-Oilwell Varco (NYSE:NOV) last announced its quarterly earnings data on Thursday, October 26th. The oil and gas exploration company reported ($0.07) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.01. The firm had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.86 billion. National-Oilwell Varco had a negative return on equity of 1.41% and a negative net margin of 13.33%. The firm’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same period last year, the business posted ($0.34) earnings per share.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA increased its position in shares of National-Oilwell Varco by 21.7% during the third quarter. BNP Paribas Arbitrage SA now owns 239,528 shares of the oil and gas exploration company’s stock valued at $8,558,000 after acquiring an additional 42,642 shares in the last quarter. Wrapmanager Inc. bought a new stake in shares of National-Oilwell Varco during the third quarter valued at approximately $202,000. FDx Advisors Inc. increased its position in shares of National-Oilwell Varco by 14.5% during the third quarter. FDx Advisors Inc. now owns 45,736 shares of the oil and gas exploration company’s stock valued at $1,634,000 after acquiring an additional 5,791 shares in the last quarter. Candriam Luxembourg S.C.A. increased its position in shares of National-Oilwell Varco by 3.8% during the third quarter. Candriam Luxembourg S.C.A. now owns 49,022 shares of the oil and gas exploration company’s stock valued at $1,752,000 after acquiring an additional 1,788 shares in the last quarter. Finally, Bessemer Group Inc. increased its position in shares of National-Oilwell Varco by 42.8% during the third quarter. Bessemer Group Inc. now owns 116,902 shares of the oil and gas exploration company’s stock valued at $4,177,000 after acquiring an additional 35,061 shares in the last quarter. 90.18% of the stock is owned by institutional investors.

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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