National-Oilwell Varco, Inc. (NYSE:NOV) – Stock analysts at Capital One Financial cut their Q1 2019 earnings estimates for shares of National-Oilwell Varco in a research note issued to investors on Monday, April 15th. Capital One Financial analyst L. Lemoine now anticipates that the oil and gas exploration company will post earnings of ($0.14) per share for the quarter, down from their previous estimate of ($0.04). Capital One Financial also issued estimates for National-Oilwell Varco’s Q2 2019 earnings at ($0.06) EPS, Q3 2019 earnings at ($0.04) EPS and FY2019 earnings at ($0.23) EPS.
National-Oilwell Varco (NYSE:NOV) last announced its quarterly earnings results on Wednesday, February 6th. The oil and gas exploration company reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.05). National-Oilwell Varco had a negative net margin of 0.37% and a negative return on equity of 0.22%. The company had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.18 billion. During the same quarter in the prior year, the business earned ($0.04) EPS. The business’s revenue for the quarter was up 21.8% compared to the same quarter last year.
NYSE:NOV opened at $27.18 on Wednesday. The company has a quick ratio of 1.83, a current ratio of 3.11 and a debt-to-equity ratio of 0.19. National-Oilwell Varco has a twelve month low of $24.27 and a twelve month high of $49.08. The stock has a market cap of $10.56 billion, a price-to-earnings ratio of -339.75, a price-to-earnings-growth ratio of 27.20 and a beta of 1.22.
The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a dividend of $0.05 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.20 annualized dividend and a dividend yield of 0.74%. National-Oilwell Varco’s dividend payout ratio is currently -250.00%.
In other National-Oilwell Varco news, VP Scott K. Duff sold 15,125 shares of the firm’s stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $28.02, for a total transaction of $423,802.50. Following the sale, the vice president now directly owns 54,098 shares of the company’s stock, valued at approximately $1,515,825.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.79% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Truvestments Capital LLC acquired a new stake in shares of National-Oilwell Varco in the first quarter worth approximately $26,000. IMS Capital Management acquired a new stake in shares of National-Oilwell Varco in the third quarter worth approximately $44,000. JOYN Advisors Inc. boosted its position in shares of National-Oilwell Varco by 166.2% in the fourth quarter. JOYN Advisors Inc. now owns 1,046 shares of the oil and gas exploration company’s stock worth $27,000 after acquiring an additional 653 shares during the last quarter. Enlightenment Research LLC acquired a new stake in shares of National-Oilwell Varco in the fourth quarter worth approximately $28,000. Finally, Moody National Bank Trust Division boosted its position in shares of National-Oilwell Varco by 125.0% in the first quarter. Moody National Bank Trust Division now owns 1,233 shares of the oil and gas exploration company’s stock worth $33,000 after acquiring an additional 685 shares during the last quarter. 93.47% of the stock is currently owned by institutional investors and hedge funds.
National-Oilwell Varco Company Profile
National Oilwell Varco, Inc designs, manufactures, and sells systems, components, and products for oil and gas drilling and production worldwide. It operates in three segments: Wellbore Technologies, Completion & Production Solutions, and Rig Technologies. The Wellbore Technologies segment offers various equipment and technologies used to perform drilling operations.
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