|Bid||26.51 x 800|
|Ask||27.18 x 1000|
|Day's Range||26.63 - 27.76|
|52 Week Range||24.27 - 49.08|
|Beta (3Y Monthly)||1.52|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.20 (0.71%)|
|1y Target Est||N/A|
Schlumberger’s Q1 Earnings Meet Analyst Estimates(Continued from Prior Part)Schlumberger in 2019 Schlumberger (SLB) has risen 31% so far in 2019. The stock has outperformed peers Halliburton (HAL), National Oilwell Varco (NOV), and Baker Hughes
National Oilwell Varco (NOV) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The acquisition will give Chevron (CVX) access to potentially lucrative Permian Basin acreage, LNG operations in Mozambique, as well as attractive deepwater infrastructure in the GoM.
Contraction of orders, fewer deliveries of drill pipes and other equipment, and slowdown of activities in both offshore and North American markets are likely to impact National Oilwell's (NOV) first-quarter 2019 results.
Chevron will buy the rival oil company for $33 billion as it seeks more growth from deep-water exploration in the gulf and in the Permian Basin. The nation's largest bank by assets reported a 5% increase in quarterly profit on more revenue from loans, beating Wall Street forecasts. The media and entertainment company will launch its new video streaming service in the U.S. as early as October.
With a market capitalization of US$11b, National Oilwell Varco, Inc. (NYSE:NOV) is a large-cap stock, which is considered by most investors as a safe bet. Common characteristics for these big stocks are their strong balance sheet and...
cut its revenue guidance for the first quarter to $1.94 billion from between $2.08 billion and $2.1 billion and the stock tumbled more than 6% on Friday. "The severity of the decline in demand for oilfield equipment resulting from the sharp fall in oil prices during late 2018, further compounded by capital austerity that has taken hold in upstream oil and gas markets, was greater than we expected," said Clay Williams, chairman, president and CEO. Market weakness was "particularly acute among our oilfield service company customers resulting in a disproportionate impact to our Completion & Production Solutions segment," Williams said.
Shares of National Oilwell Varco Inc. tumbled 4.6% in morning trade Friday, after the oil services company lowered first-quarter revenue expectations, citing the negative impact of lower oil prices on oilfield equipment demand. The company said it expects first quarter revenue of $1.94 billion, which is up from $1.80 billion a year ago but below the FactSet consensus of $2.09 billion. "The severity of the decline in demand for oilfield equipment resulting from the sharp fall in oil prices during late 2018, further compounded by capital austerity that has taken hold in upstream oil and gas markets, was greater than we expected," said Chief Executive Clay Williams. The company said that while market conditions have improved since the beginning of the year, and are expected to continue to improve throughout the year, the outlook remains "opaque." As a result, the company plans initiatives during the year to cut costs. The stock has gained 8.9% year to date, while the VanEck Oil Services ETF has soared 29.7% and the S&P 500 has rallied 15.9%.
Schlumberger’s Q1 Earnings Are Expected to Fall 21%(Continued from Prior Part)Schlumberger in 2019Schlumberger (SLB) has risen ~26% in 2019 due to strength in crude oil prices. The stock has outperformed Baker Hughes (BHGE), Halliburton (HAL),
Schlumberger’s Q1 Earnings Are Expected to Fall 21%(Continued from Prior Part)US rig count According to Baker Hughes (BHGE) data, the total US rig count fell from 1,083 in the week ending December 28 to 1,006 in the week ending March 29. The rigs
Schlumberger’s Q1 Earnings Are Expected to Fall 21%Schlumberger’s first-quarter results Schlumberger (SLB) is scheduled to report its first-quarter earnings on April 18. Analysts’ consensus EPS estimate is $0.3 per share. The
Is National Oilwell Varco, Inc. (NYSE:NOV) a good equity to bet on right now? We like to check what the smart money thinks first before doing extensive research. Although there have been several high profile failed hedge fund picks, the consensus picks among hedge fund investors have historically outperformed the market after adjusting for known […]
National Oilwell Varco Inc NYSE:NOVView full report here! Summary * Perception of the company's creditworthiness is neutral but improving * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is low for NOV with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, growth of ETFs holding NOV is favorable, with net inflows of $14.80 billion. This is among the highest net inflows seen over the last one-year and the rate of additional inflows appears to be increasing. Economic sentimentPMI by IHS MarkitThere is no PMI sector data available for this security. Credit worthinessCredit default swap | NeutralThe current level displays a neutral indicator with a strengthening bias over the past 1-month. NOV credit default swap spreads are decreasing and near the lowest level of the last one year, which indicates improvement in the market's perception of the company's credit worthiness.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
SLB, HAL, BHGE, and NOV: Oilfield Services Stocks Have Risen(Continued from Prior Part)Analysts’ updatesOn March 15, Jefferies updated its target prices for oilfield services stocks. Jefferies cut its target price for Halliburton (HAL) from $36 to
SLB, HAL, BHGE, and NOV: Oilfield Services Stocks Have Risen(Continued from Prior Part)Forward EV-to-EBITDA multiple Halliburton (HAL) is trading at a forward EV-to-EBITDA multiple of ~8.1x, which is lower than its five-year average multiple of
SLB, HAL, BHGE, and NOV: Oilfield Services Stocks Have Risen(Continued from Prior Part)Debt-to-equity ratios Halliburton’s (HAL) debt-to-equity ratio is 1.1x—high compared to its peers. Baker Hughes (BHGE), Schlumberger (SLB), and National
SLB, HAL, BHGE, and NOV: Oilfield Services Stocks Have Risen(Continued from Prior Part)Lower spending plans The uncertainty about drilling and completions activity in North America caused oilfield services companies to lower their capital
SLB, HAL, BHGE, and NOV: Oilfield Services Stocks Have Risen(Continued from Prior Part)National Oilwell Varco’s earnings growth National Oilwell Varco’s (NOV) EBITDA more than doubled in 2018. Increased global drilling activity and focused cost
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.
SLB, HAL, BHGE, and NOV: What Analysts Got Wrong(Continued from Prior Part)Target prices Analysts’ mean target price for National Oilwell Varco (NOV) has fallen from $36.4 in February 2018 to $31.4 now. National Oilwell Varco stock has fallen 18%
Analyzing Institutional Activity in Oilfield Services Stocks(Continued from Prior Part)Top investors So far, we’ve discussed the recent institutional investor activity in some of the top oilfield services stocks including Schlumberger (SLB),
SLB, HAL, BHGE, and NOV: What Analysts Got Wrong(Continued from Prior Part)Baker Hughes Analysts’ mean target price for Baker Hughes (BHGE) has fallen from $36.4 in February 2018 to $31.2 currently. Baker Hughes stock was roughly flat during this