News headlines about National Oilwell Varco (NYSE:NOV) have been trending somewhat positive recently, according to Alpha One Sentiment. Alpha One, a division of Accern, scores the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Alpha One ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. National Oilwell Varco earned a news impact score of 0.19 on Alpha One’s scale. Alpha One also gave media headlines about the oil and gas exploration company an impact score of 75 out of 100, meaning that recent news coverage is likely to have an effect on the company’s share price in the next several days.
Here are some of the news stories that may have effected AlphaOne’s rankings:
- The Technical Condition Changes For National Oilwell Varco, Inc. (NOV), Targa Resources Corp. (TRGP) – AllStockNews (allstocknews.com)
- National Oilwell Varco About To Put More Money In Your Pocket (NOV) – Nasdaq (nasdaq.com)
- How National Oilwell Varco Stock Has Performed in Past Year (finance.yahoo.com)
- National Oilwell Varco’s 7-Day Stock Price Forecast (finance.yahoo.com)
- What Was the Short Interest in National Oilwell Varco on June 9? (finance.yahoo.com)
National Oilwell Varco (NYSE NOV) traded up 0.29% during trading on Monday, reaching $34.31. 3,716,449 shares of the company’s stock traded hands. The firm’s market capitalization is $13.04 billion. The company has a 50-day moving average price of $33.92 and a 200 day moving average price of $37.46. National Oilwell Varco has a one year low of $29.79 and a one year high of $43.63.
National Oilwell Varco (NYSE:NOV) last announced its quarterly earnings results on Wednesday, April 26th. The oil and gas exploration company reported ($0.17) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.03. The firm had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.67 billion. National Oilwell Varco had a negative net margin of 35.50% and a negative return on equity of 2.44%. The company’s revenue was down 20.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.06) EPS. On average, analysts anticipate that National Oilwell Varco will post ($0.40) earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, June 16th will be given a dividend of $0.05 per share. The ex-dividend date is Wednesday, June 14th. This represents a $0.20 annualized dividend and a dividend yield of 0.58%. National Oilwell Varco’s payout ratio is -3.12%.
A number of analysts have recently issued reports on NOV shares. Vetr cut shares of National Oilwell Varco from a “buy” rating to a “hold” rating and set a $41.60 price objective for the company. in a research note on Tuesday, February 14th. Zacks Investment Research cut shares of National Oilwell Varco from a “buy” rating to a “hold” rating in a research note on Monday, February 20th. FBR & Co increased their price objective on shares of National Oilwell Varco from $38.00 to $48.00 and gave the stock an “outperform” rating in a research note on Thursday, February 16th. Jefferies Group LLC set a $38.00 price objective on shares of National Oilwell Varco and gave the stock a “hold” rating in a research note on Thursday, April 27th. Finally, Argus raised shares of National Oilwell Varco from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research note on Friday, March 3rd. Five equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $38.74.
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.
Receive News & Ratings for National Oilwell Varco Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Oilwell Varco Inc. and related companies with MarketBeat.com's FREE daily email newsletter.