|Bid||22.31 x 3000|
|Ask||22.47 x 1800|
|Day's Range||22.12 - 22.51|
|52 Week Range||21.67 - 49.08|
|Beta (3Y Monthly)||1.50|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 29, 2019|
|Forward Dividend & Yield||0.20 (0.77%)|
|1y Target Est||29.60|
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.
U.S. stock futures are trading higher this morning in a rebound attempt to pare yesterday's large losses.Heading into the open, futures on the Dow Jones Industrial Average are up 0.47%, and S&P 500 futures are higher by 0.48%. Nasdaq-100 futures have added 0.38%.In the options pits, yesterday's plunge sent put activity soaring while overall volume amped to above-average levels. Specifically, about 19.6 million calls and 22.5 million puts changed hands on the session.InvestorPlace - Stock Market News, Stock Advice & Trading TipsOver at the CBOE, the fear fest led the single-session equity put/call volume ratio to its second-highest close of the year at 0.80. At the same time, the 10-day moving average climbed to a new high for 2019 at 0.73.Options traders zeroed in on oil-related stocks Thursday. National Oilwell Varco (NYSE:NOV) and Halliburton (NYSE:HAL) both plunged to new 52-week lows amid heavy volume. American Airlines (NYSE:AAL) also saw unusual options activity as it tests a critical support zone.Let's take a closer look: National Oilwell Varco (NOV)Yesterday's crude oil crash sent oil stocks sliding. National Oilwell Varco dropped 4.41% on the highest single-session volume in two years. 13.2 million shares changed hands while the stock fell to its lowest levels since 2008. * 10 Names That Are Screaming Stocks to Buy The downside acceleration worsens what was already a strong bearish trend. NOV stock now sits well below the falling 200-day, 50-day and 20-day moving averages. We don't have any major support until $16, which is $6 or 27% away. You bottom fish at your peril here.On the options trading front, puts only slightly outpaced calls on the day. Total activity swelled to eye-popping levels at 6,110% of the average daily volume, with 121,952 contracts traded. Puts accounted for 51% of the sum.Implied volatility rocketed higher on the day to 42%, placing it at the 73rd percentile of its one-year range. Premium sellers will be happy to note this is the highest level of 2019. The expected daily move is now 59 cents or 2.7%. Halliburton (HAL)NOV wasn't the only oil stock traders swarmed. Halliburton also saw a groundswell in activity on a day that sent the oil services giant to a new nine-year low. The 5% thrashing saw 24 million shares change handsHAL stock's price chart largely mirrors that of NOV. Every major moving average is falling, leaving ample overhead resistance to reject future rally attempts. Distribution days also litter the landscape showing strong institutional selling pressure. Until a definitive bottoming pattern emerges, bulls should stay away.On the options trading front, calls proved more popular than puts by a hair. Activity climbed to 630% of the average daily volume, with 169,729 total contracts traded. Calls claimed 51% of the tally.Implied volatility jumped to 44% or the 61st percentile of its one-year range. Premiums are now baking in daily moves of 65 cents or 2.8%. American Airlines (AAL)The selling intensity reached a fever pitch yesterday for American Airlines. Two-days of distribution reveal institutions are slamming the sell button. The downside pressure has driven AAL stock to test critical support at the $29 zone. If the floor fails, watch out below!Like its predecessors, AAL's price trend is cruising lower beneath falling moving averages across time frames. Rallies remain suspect, and the path of least resistance is undoubtedly lower. That said, the stock is oversold and testing major support, so a short-term rebound isn't out of the question.The session saw unusual options activity with calls leading the way. Total activity jumped to almost four times or 372% of the average daily volume. In total, 117,445 contracts traded with 57% of the tally coming from calls.Implied volatility ticked higher to 39% or the 26th percentile of its one-year range. Premiums are pricing in daily moves of 72 cents or 2.4%.As of this writing, Tyler Craig didn't hold a position in any of the aforementioned securities. Check out his recently released Bear Market Survival Guide to learn how to defend your portfolio against market volatility. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 5 Safe Stocks to Buy This Summer * The 5 Best Telecom Stocks to Buy Now * 6 Innovative Stocks With Big Long-Term Growth Potential Compare Brokers The post Friday's Vital Data: National Oilwell Varco, Halliburton and American Airlines appeared first on InvestorPlace.
National Oilwell Varco Inc NYSE:NOVView full report here! Summary * Perception of the company's creditworthiness is positive * ETFs holding this stock have seen outflows over the last one-month * 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 | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding NOV totaled $12.89 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS MarkitThere is no PMI sector data available for this security. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator. NOV credit default swap spreads are near the lowest level of the last one year and indicate improvement in the market's perception of the company's credit worthiness.Please send all inquiries related to the report to email@example.com.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.
Top Oilfield Services Stocks: Changes in Institutional Ownership(Continued from Prior Part)Top investorsThe top ten institutional investors in National Oilwell Varco (NOV) added 5.6 million National Oilwell Varco shares to their positions during the
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National Oilwell Varco, Inc. will hold a conference call to discuss its second quarter 2019 results on Tuesday, July 30, 2019 at 10 a.m. . NOV will issue a press release with the Company’s results after the market closes for trading on Monday, July 29, 2019.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of National Oilwell Varco, Inc. New York, April 26, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of National Oilwell Varco, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
National Oilwell Varco (NOV) said that the underwhelming Q1 performance could be attributed to tightness in the upstream companies' investment budgets and decline in offshore sales.
On a per-share basis, the Houston-based company said it had a loss of 20 cents. The results missed Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was ...
National Oilwell Varco, Inc. today reported first quarter 2019 revenues of $1.94 billion, a decrease of 19 percent compared to the fourth quarter of 2018 and an increase of eight percent from the first quarter of 2018.
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.