|Bid||0.00 x 1800|
|Ask||0.00 x 900|
|Day's Range||40.35 - 41.76|
|52 Week Range||31.47 - 49.08|
|Beta (3Y Monthly)||0.83|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 25, 2018|
|Forward Dividend & Yield||0.20 (0.49%)|
|1y Target Est||45.79|
National Oilwell Varco, Inc. (NOV) announced today that the Company will host its 2018 Analyst Day on Tuesday, November 6 in Houston. The general presentation session will be held from 9:00am to 4:30pm Central Time with a break for a seated lunch where in-room participants will have the opportunity to interact with Company leadership from across the organization. The live webcast, which will incorporate the corresponding presentation slides, will be available through the Investor Relations link on NOV’s website at www.nov.com/investors.
So far, Halliburton (HAL) has fallen ~20% in 2018. The company has underperformed its peers during this period. Schlumberger (SLB) and Baker Hughes (BHGE) have fallen 14% and 5%, respectively, during the same period. National Oilwell Varco (NOV) has risen 15% YTD (year-to-date). The VanEck Vectors Oil Services ETF (OIH) has fallen 8% during the same period. Halliburton fell significantly after its second-quarter earnings. The company announced that it expects temporary softness in the North America market.
Halliburton (HAL) is scheduled to release its third-quarter earnings on October 22. Analysts expect Halliburton’s EPS to be 49.1 cents in the third quarter—16.9% higher than the company’s EPS in the third quarter of 2017. The expected EPS is 15.3% lower than Halliburton’s EPS in the second quarter. Halliburton beat its EPS estimates in nine of the last ten quarters.
NEW YORK, Oct. 15, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
Dril-Quip (NYSE:DRQ) has been range-bound for the past several months and I expect the trend to continue with a bias to the upside going into the earnings call on Oct. 26. Several of its competitors include Baker Hughes (NYSE:BHGE), National Oilwell Varco (NYSE:NOV) and Superior Energy Services (NYSE:SPN). Like its competitors, Dril-Quip has suffered from falling oil prices as well as the downturn in offshore drilling equipment and services.
Helmerich & Payne’s (HP) revenues grew 30% YoY (year-over-year) in the quarter ending on June 30. Helmerich & Payne’s revenues started to fall in the first quarter of 2015. The company’s revenues started to grow again in the second quarter of 2016 and have maintained the upward trend.
Stalwarts Apple (NASDAQ:AAPL) and Alibaba Group Holding (NYSE:BABA) both lost ground on Monday, with the latter falling more than 3% on news that CEO and founder Jack Ma was planning on stepping down next year. Headed into Tuesday’s action, stock charts of Intel (NASDAQ:INTC), National-Oilwell Varco (NYSE:NOV) and ONEOK (NYSE:OKE) are worth the closest look. Intel shares have been in trouble since peaking in early June, partially because the outlook for computer technologies in general is weakening, and partially because Advanced Micro Devices has quietly been chipping away at Intel’s dominance (apparently for several quarters now).
On August 24–31, upstream stock California Resources (CRC) saw the highest gain on our list of energy stocks. In fact, the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) rose 0.7%—the highest gainer among major energy subsector ETFs during this period, as we discussed in the previous part.
Is Halliburton Trading at an Attractive Valuation? Halliburton (HAL) plans to spend $2.0 billion on capital projects in 2018. Firstly, Halliburton is expected to be positioned well for 2019 as a result of the planned projects.
Halliburton (HAL) is trading at a forward EV-to-EBITDA multiple of ~8.7x. That’s lower than the forward EV-to-EBITDA multiples for its peers.
Is Halliburton Trading at an Attractive Valuation? Halliburton (HAL) stock has fallen ~18.0% in 2018, underperforming its sector peers. The stock fell significantly after its second-quarter earnings, although it’s been on a downtrend since mid-May. Halliburton expects some temporary issues in its North America market to impact its performance in the rest of 2018.
The Vanguard Group, Dodge & Cox, and First Eagle Investment Management are the top three institutional investors in National Oilwell Varco (NOV). They own 10.5%, 8.2%, and 7.1%, respectively, of National Oilwell Varco’s outstanding shares. According to the latest filings, Dodge & Cox and First Eagle Investment Management sold net 1.0 million and 44,644 National Oilwell Varco shares, respectively, from their holdings. The Vanguard Group added net 0.4 million National Oilwell Varco shares in the second quarter.
Capital World Investors, Dodge & Cox, and the Vanguard Group are the top three institutional investors in Baker Hughes (BHGE). They own 11.8%, 9.2%, and 9.0%, respectively, of Baker Hughes’s outstanding shares. According to the latest filings, Capital World Investors and Dodge & Cox added net 3.7 million and 1.0 million Baker Hughes shares, respectively, to their holdings. The Vanguard Group sold net 7.2 million Baker Hughes shares in the second quarter.
The Vanguard Group, State Street Global Advisors, and BlackRock Institutional Trust Company are the top three institutional investors in Schlumberger (SLB). They own 7.8%, 4.8%, and 4.3%, respectively, of Schlumberger’s outstanding shares. According to the latest filings, the Vanguard Group and State Street Global Advisors added net 5.7 million and 1.4 million Schlumberger shares, respectively, to their holdings. BlackRock Institutional Trust Company sold net 3.7 million Schlumberger shares in the second quarter.
Investing.com - Beaten-down individual stocks continued to benefit from a low-volume August week, with Twitter climbing sharply midday.
Of the 27 analysts surveyed by Reuters covering National Oilwell Varco (NOV), one analyst rates the stock as a “strong buy,” three analysts rate it as a “buy,” and 21 analysts rate NOV as a “hold.” Two of the surveyed analysts rated National Oilwell Varco as a “sell.”
On August 16, Jefferies raised its rating for TechnipFMC (FTI) from “hold” to “buy.” It also raised its price target for FTI from $30 to $37. On August 2, Barclays raised its price target for TechnipFMC from $32 to $35. On July 30, BMO raised FTI’s price target from $34 to $35.
National Oilwell Varco, Inc. today announced that its Board of Directors declared the regular quarterly cash dividend of $0.05 per share of common stock, payable on September 28, 2018 to each stockholder of record on September 14, 2018.