National-Oilwell Varco, Inc. (NYSE:NOV) – Analysts at Jefferies Group increased their Q4 2018 earnings estimates for shares of National-Oilwell Varco in a research note issued to investors on Wednesday. Jefferies Group analyst E. Royes now forecasts that the oil and gas exploration company will post earnings of $0.17 per share for the quarter, up from their prior estimate of $0.10. Jefferies Group currently has a “Hold” rating and a $35.00 price target on the stock.
National-Oilwell Varco (NYSE:NOV) last released its quarterly earnings data on Monday, February 5th. The oil and gas exploration company reported ($0.04) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.04). National-Oilwell Varco had a negative net margin of 3.24% and a negative return on equity of 1.10%. The firm had revenue of $1.97 billion during the quarter. During the same quarter in the previous year, the business posted ($0.15) earnings per share.
Shares of National-Oilwell Varco (NOV) traded up $0.44 during mid-day trading on Thursday, reaching $33.09. 5,520,000 shares of the company’s stock traded hands, compared to its average volume of 3,160,000. The company has a current ratio of 3.07, a quick ratio of 1.62 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $12,750.00, a price-to-earnings ratio of -52.52, a PEG ratio of 18.13 and a beta of 0.89. National-Oilwell Varco has a one year low of $29.90 and a one year high of $41.90.
Several hedge funds and other institutional investors have recently bought and sold shares of NOV. IHT Wealth Management LLC lifted its stake in National-Oilwell Varco by 1,923.1% in the second quarter. IHT Wealth Management LLC now owns 526 shares of the oil and gas exploration company’s stock worth $112,000 after acquiring an additional 500 shares during the last quarter. Dupont Capital Management Corp purchased a new position in National-Oilwell Varco in the fourth quarter worth approximately $141,000. Global Trust Asset Management LLC purchased a new position in National-Oilwell Varco in the fourth quarter worth approximately $160,000. Tiedemann Wealth Management LLC lifted its stake in National-Oilwell Varco by 77.8% in the third quarter. Tiedemann Wealth Management LLC now owns 11,668 shares of the oil and gas exploration company’s stock worth $194,000 after acquiring an additional 5,107 shares during the last quarter. Finally, IBM Retirement Fund purchased a new position in National-Oilwell Varco in the third quarter worth approximately $200,000. 91.83% of the stock is owned by institutional investors and hedge funds.
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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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