National-Oilwell Varco, Inc. (NYSE:NOV) – Stock analysts at Griffin Securities reduced their Q2 2018 earnings per share estimates for National-Oilwell Varco in a research report issued on Monday. Griffin Securities analyst K. Simpson now anticipates that the oil and gas exploration company will post earnings per share of $0.02 for the quarter, down from their previous estimate of $0.04. Griffin Securities also issued estimates for National-Oilwell Varco’s Q3 2018 earnings at $0.11 EPS, Q4 2018 earnings at $0.19 EPS and FY2019 earnings at $1.15 EPS.
National-Oilwell Varco (NYSE:NOV) last announced its earnings results on Monday, February 5th. The oil and gas exploration company reported ($0.04) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.04). National-Oilwell Varco had a negative return on equity of 1.10% and a negative net margin of 3.24%. The business had revenue of $1.97 billion during the quarter. During the same quarter last year, the firm earned ($0.15) EPS.
Shares of National-Oilwell Varco (NOV) opened at $34.82 on Wednesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.79 and a current ratio of 3.07. National-Oilwell Varco has a 12 month low of $29.90 and a 12 month high of $41.90. The firm has a market cap of $13,784.01, a P/E ratio of -55.70, a PEG ratio of 23.08 and a beta of 0.89.
Large investors have recently modified their holdings of the stock. First Eagle Investment Management LLC increased its position in shares of National-Oilwell Varco by 2.1% during the third quarter. First Eagle Investment Management LLC now owns 27,068,594 shares of the oil and gas exploration company’s stock worth $967,161,000 after purchasing an additional 563,589 shares in the last quarter. BlackRock Inc. increased its position in shares of National-Oilwell Varco by 0.3% during the fourth quarter. BlackRock Inc. now owns 25,257,983 shares of the oil and gas exploration company’s stock worth $909,792,000 after purchasing an additional 78,663 shares in the last quarter. Parnassus Investments CA increased its position in shares of National-Oilwell Varco by 10.1% during the fourth quarter. Parnassus Investments CA now owns 6,929,938 shares of the oil and gas exploration company’s stock worth $249,616,000 after purchasing an additional 637,925 shares in the last quarter. American Century Companies Inc. increased its position in shares of National-Oilwell Varco by 4.2% during the fourth quarter. American Century Companies Inc. now owns 6,390,274 shares of the oil and gas exploration company’s stock worth $230,178,000 after purchasing an additional 255,563 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC acquired a new position in shares of National-Oilwell Varco during the third quarter worth $226,421,000. 91.10% of the stock is owned by institutional investors.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 16th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date is Thursday, March 15th. National-Oilwell Varco’s dividend payout ratio (DPR) is -31.75%.
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.
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