National-Oilwell Varco, Inc. (NOV) Forecasted to Earn Q1 2020 Earnings of $0.28 Per Share

National-Oilwell Varco, Inc. (NYSE:NOV) – Equities researchers at SunTrust Banks issued their Q1 2020 earnings estimates for shares of National-Oilwell Varco in a research report issued on Monday, November 5th. SunTrust Banks analyst K. Sill expects that the oil and gas exploration company will post earnings per share of $0.28 for the quarter. SunTrust Banks also issued estimates for National-Oilwell Varco’s Q2 2020 earnings at $0.35 EPS and Q3 2020 earnings at $0.45 EPS.

A number of other analysts have also recently commented on NOV. BMO Capital Markets lifted their price objective on National-Oilwell Varco from $32.00 to $39.00 and gave the stock a “sell” rating in a research report on Monday, July 30th. Wells Fargo & Co lifted their price objective on National-Oilwell Varco from $41.00 to $43.00 and gave the stock a “hold” rating in a research report on Sunday, July 29th. Credit Suisse Group set a $43.00 price objective on National-Oilwell Varco and gave the stock a “hold” rating in a research report on Monday, July 30th. Raymond James lifted their price objective on National-Oilwell Varco from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Monday, July 30th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $42.00 price objective on shares of National-Oilwell Varco in a research report on Monday, July 30th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $43.27.

National-Oilwell Varco stock opened at $35.68 on Wednesday. The stock has a market cap of $14.13 billion, a P/E ratio of -84.95 and a beta of 1.03. National-Oilwell Varco has a 52 week low of $31.47 and a 52 week high of $49.08. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.17 and a quick ratio of 1.78.

Large investors have recently modified their holdings of the company. State of Alaska Department of Revenue grew its holdings in shares of National-Oilwell Varco by 16.9% during the 2nd quarter. State of Alaska Department of Revenue now owns 77,868 shares of the oil and gas exploration company’s stock worth $3,378,000 after purchasing an additional 11,230 shares during the period. New York State Teachers Retirement System grew its holdings in shares of National-Oilwell Varco by 0.9% during the 2nd quarter. New York State Teachers Retirement System now owns 606,835 shares of the oil and gas exploration company’s stock worth $26,337,000 after purchasing an additional 5,622 shares during the period. Ontario Teachers Pension Plan Board grew its holdings in shares of National-Oilwell Varco by 220.9% during the 2nd quarter. Ontario Teachers Pension Plan Board now owns 46,339 shares of the oil and gas exploration company’s stock worth $2,011,000 after purchasing an additional 31,899 shares during the period. Raymond James & Associates grew its holdings in shares of National-Oilwell Varco by 10.1% during the 2nd quarter. Raymond James & Associates now owns 437,337 shares of the oil and gas exploration company’s stock worth $18,980,000 after purchasing an additional 40,074 shares during the period. Finally, Swiss National Bank grew its holdings in shares of National-Oilwell Varco by 3.1% during the 2nd quarter. Swiss National Bank now owns 1,257,247 shares of the oil and gas exploration company’s stock worth $54,565,000 after purchasing an additional 37,900 shares during the period. Institutional investors and hedge funds own 95.24% of the company’s stock.

In other news, Director Eric L. Mattson sold 5,284 shares of the business’s stock in a transaction dated Friday, August 24th. The stock was sold at an average price of $45.06, for a total transaction of $238,097.04. Following the completion of the sale, the director now owns 66,862 shares in the company, valued at approximately $3,012,801.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Eric L. Mattson sold 11,112 shares of the business’s stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $45.34, for a total value of $503,818.08. Following the sale, the director now owns 66,862 shares of the company’s stock, valued at approximately $3,031,523.08. The disclosure for this sale can be found here. 0.79% of the stock is owned by insiders.

About National-Oilwell Varco

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 and Estimates for National-Oilwell Varco (NYSE:NOV)

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