Things look bleak for this year, but there is reason for optimism ahead Continue reading...
National Oilwell Varco (NOV) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
NOV Announces Second Quarter 2020 Earnings Conference Call
National Oilwell Varco (NOV) delivered earnings and revenue surprises of 40.00% and -4.67%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
National Oilwell Varco Inc (NOV) has had a rough few years: Since 2017, the Houston company, whose drilling equipment is in major oilfields worldwide, has lost two-thirds of its value, costing shareholders a combined $9 billion. Despite that performance, Chief Executive Clay Williams pocketed $3.3 million in stock in late February, solely because his company's total shareholder return over the three years ending in 2019 was not as bad as most of his beleaguered peers. U.S. energy executives have retained such lavish payouts even as they have struggled for years to deliver shareholder returns - despite massive growth in domestic shale oil production.
Revenues from National Oilwell's (NOV) Rig Technologies segment fall 8% year over year due to lower equipment sales.
In Q1, National Oilwell's (NOV) lower deliveries of capital equipment are likely to have been partially mitigated by a marginal rise in aftermarket sales.
Optimism about recovering oil demand has investors plowing into these oilfield services and equipment providers' stocks today.
The Zacks Analyst Blog Highlights: ExxonMobil, Chevron, National Oilwell Varco, HollyFrontier and Halliburton
NOV earnings call for the period ending March 31, 2020.
National Oilwell Varco, Inc. (NYSE:NOV) shareholders should be happy to see the share price up 13% in the last month...
For those who can come to terms with its debt load, this medical device company offers a strong upside Continue reading...
Alcon jumps on the back of strong first-quarter results Continue reading...
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]
Shares of oilfield services companies Schlumberger (NYSE: SLB), Helmerich & Payne (NYSE: HP), and National Oilwell Varco (NYSE: NOV) rose between 24% and 29% in April, according to data from S&P Global Market Intelligence. Schlumberger saw its shares rise 24.7%, while shares of its fellow general services provider National Oilwell Varco jumped 28.6%. Meanwhile, shares of onshore oil rig operator Helmerich & Payne were up 26.3% for the month.
LCNB Corp announces second quarter dividend. Bank holding company; NASDAQ.
Q1 2020 National Oilwell Varco Inc Earnings Call
NOV Reports First Quarter 2020 Results
NOV Announces Suspension of Quarterly Dividend
Halliburton (HAL) told investors it is cutting its dividend by 75%, while National Oilwell Varco (NOV) board suspended the quarterly payout indefinitely to retain cash in the business.