Somewhat Positive News Coverage Somewhat Unlikely to Affect National-Oilwell Varco (NOV) Stock Price
Media coverage about National-Oilwell Varco (NYSE:NOV) has trended somewhat positive this week, according to Accern Sentiment. Accern scores the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. National-Oilwell Varco earned a news impact score of 0.11 on Accern’s scale. Accern also assigned press coverage about the oil and gas exploration company an impact score of 46.8113135162355 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
- VALLOUREC : Vallourec is considering divesting its “Drilling Products” business (feeds.benzinga.com)
- What Schlumberger’s Next-7-Day Stock Price Forecast Tells Us (finance.yahoo.com)
- Coming Out Of Shadows? HD Supply Holdings, Inc. (HDS), National Oilwell Varco, Inc. (NOV) – Market Movers (financialqz.com)
- National Oilwell Varco Announces Fourth Quarter and Full-Year 2017 Earnings Conference Call (finance.yahoo.com)
- Dazzling Stocks: The Procter & Gamble Company, (NYSE: PG), National Oilwell Varco, Inc., (NYSE: NOV), YPF … – Stocks In The News (press release) (tradingnewsnow.com)
A number of research analysts have recently issued reports on the stock. Royal Bank of Canada reiterated a “hold” rating on shares of National-Oilwell Varco in a research note on Friday, September 1st. Scotiabank set a $37.00 price target on shares of National-Oilwell Varco and gave the stock a “hold” rating in a research note on Friday, October 27th. Cowen set a $30.00 price target on shares of National-Oilwell Varco and gave the stock a “hold” rating in a research note on Friday, October 6th. Capital One Financial reiterated an “equal weight” rating on shares of National-Oilwell Varco in a research note on Friday, October 27th. Finally, R. F. Lafferty dropped their price target on shares of National-Oilwell Varco from $33.00 to $31.00 and set a “hold” rating on the stock in a research note on Monday, November 6th. Five research analysts have rated the stock with a sell rating, eighteen have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $38.00.
Shares of National-Oilwell Varco (NOV) traded up $0.67 on Monday, reaching $33.29. 2,010,105 shares of the company’s stock traded hands, compared to its average volume of 3,284,693. The company has a current ratio of 2.75, a quick ratio of 1.62 and a debt-to-equity ratio of 0.19. 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 results on Thursday, October 26th. The oil and gas exploration company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.01. National-Oilwell Varco had a negative net margin of 13.33% and a negative return on equity of 1.41%. The company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the prior year, the firm earned ($0.34) earnings per share. The company’s revenue for the quarter was up 11.5% compared to the same quarter last year. equities analysts anticipate that National-Oilwell Varco will post -0.41 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 8th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend is Thursday, December 7th. National-Oilwell Varco’s dividend payout ratio (DPR) is presently -8.06%.
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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.
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