38.25 0.00 (0.00%)
After hours: 4:45PM EDT
|Bid||37.58 x 500|
|Ask||40.00 x 200|
|Day's Range||37.59 - 38.50|
|52 Week Range||29.90 - 41.38|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 26, 2018|
|Forward Dividend & Yield||0.20 (0.49%)|
|1y Target Est||35.84|
From 4Q16 to 4Q17, National Oilwell Varco’s (NOV) Wellbore Technologies revenue rose 34.5%, the highest revenue rise among NOV’s operating segments. Its Completion & Production Solutions segment witnessed 14.6% revenue growth. National Oilwell Varco comprises 0.89% of the Vanguard Energy ETF (VDE), which includes energy exploration and production companies. The oil and gas equipment and service sector accounts for 13.3% of VDE. In the past year, VDE has risen 3%, while NOV has risen 1%. National Oilwell Varco’s segments by operating income
In 1Q18, Wall Street analysts expect National Oilwell Varco (NOV) to post adjusted EPS (earnings per share) of -$0.01, compared with -$0.04 in 4Q17. National Oilwell Varco expects higher crude oil prices and horizontal drilling and hydraulic fracturing, which can enable energy production from poor-quality reservoirs and enhance profitability, to boost earnings in 1Q18.
Schlumberger (SLB) released its 1Q18 financial results on April 20. The company recorded total revenues of ~$7.83 billion in 1Q18, up 13.6% from $6.89 billion recorded in 1Q17. Year-over-year, Schlumberger’s revenues for 1Q18 increased, mostly due to 51.5% higher revenues from North America resulting from higher onshore upstream activity, which boosted demand for SLB’s rotary steerable systems used in US shale oil production.
The oil price recovery has incentivized most oil companies to fire up the rigs, but only the best prepared will stand out in the next oil boom
Chevron (CVX) approved the $5.1 billion expansion of its Gorgon LNG project in Australia, while McDermott International (MDR) and National Oilwell Varco (NOV) provided contrasting Q1 updates.
From 4Q16 to 4Q17, the companies constituting the Energy Select Sector SPDR ETF (XLE) increased their capex 9%. XLE tracks an index of US energy companies in the S&P 500 Index. Baker Hughes, a GE Company (BHGE), is 1.0% of the Energy Select Sector SPDR ETF (XLE). In the past year, crude oil prices increased ~26%. Higher crude oil prices can lead to higher exploration and production activities by upstream producers, which in turn can boost oilfield services companies like Baker Hughes’s revenues and earnings in 1Q18.
National Oilwell Varco warned on its Q1 revenue Monday, citing "reduced progress on new offshore rig construction."
On April 13, 2018, Schlumberger’s (SLB) implied volatility was 26.6%. Schlumberger released its 4Q17 financial results on January 19, 2018. Since that date, Schlumberger’s implied volatility has increased from 21.0% to 26.6%. Since January 19, SLB’s stock price has fallen nearly 11.0%.
National Oilwell Varco Inc. warned that first-quarter revenue would miss current expectations, as customers deferred deliveries and delayed making new order commitments. The stock was still inactive in ...
National Oilwell Varco, Inc. today announced it expects to report first quarter 2018 revenues of $1.80 billion, which is below prior expectations. The revenue shortfall
In 1Q18, analysts expect an adjusted EPS (earnings per share) of $0.37 for Schlumberger (SLB). Wall Street analysts expect Schlumberger’s adjusted earnings to decrease 23% in 1Q18 from the adjusted EPS of $0.48 in 4Q17. Despite strong business from North America, Schlumberger’s management expects that higher operational costs in Russia and the North Sea in Europe, the high costs associated with rig reactivation of idle capacity, and equipment repositioning costs in Schlumberger’s international operations could cause Schlumberger’s 1Q18 earnings to decline. ...
National Oilwell (NOV) expects to deliver year-over-year growth of 12% and 162% in its revenues and earnings, respectively, in 2018.
Between January 19, 2018, when Schlumberger’s (SLB) 4Q17 financial results were released, and April 6, 2018, its implied volatility rose from 21% to 30.7%, and its stock price fell ~16%. SLB makes up 3.3% of the SPDR S&P Oil & Gas Equipment & Services ETF (XES), which provides exposure to the oil and gas equipment and service segment of the energy sector. XES fell ~21% between January 19 and April 6. Schlumberger’s seven-day stock price forecast
National Oilwell Varco Inc’s (NYSE:NOV): National Oilwell Varco, Inc. designs, manufactures, and sells systems and components used in oil and gas drilling and production; and provides oilfield services to theRead More...
Examining Novina Alternatywna Spólka Inwestycyjna Spólka Akcyjna’s (WSE:NOV) past track record of performance is a useful exercise for investors. It allows us to reflect on whether the company has metRead More...
In this part, we’ll analyze the top percentage gainers from the oilfield services sector in the US for the current week starting on March 19, 2018. To compile the list of the top oilfield services gainers, we used oilfield services companies with market capitalization of greater than $100 million and an average volume greater than 100,000 shares last week. In the week starting on March 19, 2018, CARBO Ceramics (CRR) was the top gainer from the oilfield services group.