National-Oilwell Varco, Inc. (NYSE:NOV) – Jefferies Group upped their FY2017 earnings per share (EPS) estimates for shares of National-Oilwell Varco in a research note issued on Monday. Jefferies Group analyst B. Handler now expects that the oil and gas exploration company will post earnings per share of ($0.42) for the year, up from their previous forecast of ($0.43). Jefferies Group currently has a “Hold” rating and a $35.00 target price on the stock. Jefferies Group also issued estimates for National-Oilwell Varco’s Q4 2017 earnings at ($0.04) EPS and Q1 2018 earnings at ($0.05) EPS.

National-Oilwell Varco (NYSE:NOV) last released its quarterly earnings results on Monday, February 5th. The oil and gas exploration company reported ($0.04) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.04). The company had revenue of $1.97 billion for the quarter. National-Oilwell Varco had a negative net margin of 3.24% and a negative return on equity of 1.10%. During the same period in the previous year, the company earned ($0.15) EPS.

A number of other equities research analysts also recently issued reports on the stock. B. Riley set a $42.00 price target on shares of National-Oilwell Varco and gave the company a “buy” rating in a research note on Thursday. Barclays set a $37.00 price target on shares of National-Oilwell Varco and gave the company an “equal weight” rating in a research note on Thursday. TheStreet raised shares of National-Oilwell Varco from a “d+” rating to a “c” rating in a research note on Tuesday. Cowen upped their price target on shares of National-Oilwell Varco from $33.00 to $36.00 and gave the company a “market perform” rating in a research note on Thursday. Finally, ValuEngine downgraded shares of National-Oilwell Varco from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Five equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $38.50.

Shares of National-Oilwell Varco (NYSE:NOV) opened at $32.64 on Wednesday. The stock has a market cap of $12,400.00, a price-to-earnings ratio of -51.81, a P/E/G ratio of 17.28 and a beta of 0.89. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.62 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.

A number of hedge funds have recently bought and sold shares of the stock. First Eagle Investment Management LLC increased its stake in National-Oilwell Varco by 2.1% in the 3rd 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 buying an additional 563,589 shares during the period. Parnassus Investments CA increased its stake in National-Oilwell Varco by 10.1% in the 4th quarter. Parnassus Investments CA now owns 6,929,938 shares of the oil and gas exploration company’s stock worth $249,616,000 after buying an additional 637,925 shares during the period. American Century Companies Inc. increased its stake in National-Oilwell Varco by 4.2% in the 4th 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 buying an additional 255,563 shares during the period. Hotchkis & Wiley Capital Management LLC purchased a new position in National-Oilwell Varco in the 3rd quarter worth about $226,421,000. Finally, Wells Fargo & Company MN increased its stake in National-Oilwell Varco by 17.1% in the 3rd quarter. Wells Fargo & Company MN now owns 5,248,794 shares of the oil and gas exploration company’s stock worth $187,541,000 after buying an additional 765,634 shares during the period. 91.83% of the stock is currently owned by institutional investors.

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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.

Earnings History and Estimates for National-Oilwell Varco (NYSE:NOV)

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