News stories about National Oilwell Varco (NYSE:NOV) have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. National Oilwell Varco earned a news impact score of 0.09 on Accern’s scale. Accern also gave news articles about the oil and gas exploration company an impact score of 45.6993901932743 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- Vanguard Group Inc Bought A Lot More National Oilwell Varco, Inc. (NOV) Stock Last Quarter - Modern Readers (modernreaders.com)
- Pete Miller to retire from NOV spinoff - Houston Business Journal (bizjournals.com)
- Head-To-Head Comparison: National-Oilwell Varco (NOV) and Ferrellgas Partners, L.P. (FGP) (americanbankingnews.com)
- National Oilwell Varco : Team NOV participates in 2017 Enbridge Ride to Conquer Cancer (4-traders.com)
A number of analysts recently commented on the company. R. F. Lafferty reiterated a “hold” rating and set a $33.00 price objective (down previously from $38.00) on shares of National Oilwell Varco in a research report on Tuesday, August 1st. Seaport Global Securities reissued a “sell” rating on shares of National Oilwell Varco in a research note on Friday, July 28th. Zacks Investment Research raised National Oilwell Varco from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. BidaskClub lowered National Oilwell Varco from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. Finally, ValuEngine lowered National Oilwell Varco from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. Five analysts have rated the stock with a sell rating, sixteen have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. National Oilwell Varco currently has an average rating of “Hold” and an average target price of $39.09.
Shares of National Oilwell Varco (NYSE:NOV) opened at 30.52 on Friday. The company’s 50 day moving average price is $32.11 and its 200 day moving average price is $35.18. The stock’s market capitalization is $11.60 billion. 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 posted its quarterly earnings results on Thursday, July 27th. The oil and gas exploration company reported ($0.14) EPS for the quarter, hitting analysts’ consensus estimates of ($0.14). National Oilwell Varco had a negative return on equity of 2.12% and a negative net margin of 33.24%. The business had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.78 billion. During the same quarter last year, the company posted ($0.30) earnings per share. National Oilwell Varco’s quarterly revenue was up 2.0% on a year-over-year basis. On average, equities analysts expect that National Oilwell Varco will post ($0.40) earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend is Thursday, September 14th. National Oilwell Varco’s payout ratio is currently -3.31%.
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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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