|Bid||43.24 x 1000|
|Ask||48.76 x 2900|
|Day's Range||43.50 - 44.02|
|52 Week Range||29.90 - 46.00|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 26, 2018|
|Forward Dividend & Yield||0.20 (0.45%)|
|1y Target Est||37.67|
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. Over the last one-month, outflows of investor capital in ETFs holding NOV totaled $577 million.
As of July 12, the short interest in TETRA Technologies (TTI) as a percentage of its float was 4.6%—compared to 6.0% as of July 12, 2017. Since July 12, 2017, the short interest in TETRA Technologies has fallen 18%. So, investors decreased the negative bets on TETRA Technologies in the past year. In the past year, the stock price has increased 71%.
Halliburton’s (HAL) first-quarter financial results were released on April 23. From April 23 to July 6, Halliburton’s implied volatility has increased from 25.0% to 28.0%. The company’s stock price decreased 14.0% during this period. Stock price forecast for Halliburton
Short interest in TechnipFMC (FTI) as a percentage of its float is 2.0% as of July 10 compared to 3.05% a year ago. Since July 10, 2017, short interest in FTI has decreased 34%. So, investors have decreased negative bets on FTI in the past year. Since July 10, 2017, FTI’s stock price has increased 15.5%.
Short interest in Halliburton (HAL) as a percentage of its float was 1.47% on July 6, compared to 3.23% on July 6, 2017. Short interest in HAL stock has decreased 54.0% since July 6, 2017. So, investors have decreased their negative bets on HAL in the past year. Since July 6, 2017, HAL’s stock price has increased ~7.5%. Short interest in Halliburton’s peers
Astute readers of Barron’s are familiar with investment firm Dalton Greiner Hartman Maher, which we’ve profiled a number of times, most recently about two years ago. DGHM, which has investments across all market capitalizations, has a reputation for expertise in finding value in smaller, lesser-known names. In fact, $1.2 billion of the total assets of $1.9 billion that the firm manages is invested in its DGHM V2000 SmallCap Value strategy, which launched in 1994.
The Zacks Analyst Blog Highlights: Enbridge, Chevron, Core Laboratories N.V. and National Oilwell Varco
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. Over the last one-month, outflows of investor capital in ETFs holding NOV totaled $2.74 billion.
Schlumberger’s (SLB) first-quarter financial results were released on April 20. Between April 20 and July 3, its implied volatility has increased from 24% to 25%, and SLB stock has fallen 5%. SLB’S current IV (implied volatility) is higher than its past two-year average of 21.2%. Stock price forecast for Schlumberger
The JV with Saudi Aramco seeks to brighten prospects of the energy services sector in Saudi Arabia and boost growth potential of National Oilwell (NOV).
As of June 26, the short interest in Baker Hughes, a GE Company (BHGE), as a percentage of its float was 5.3%—compared to 3.2% as of June 26, 2017. Since June 26, 2017, the short interest in Baker Hughes has increased 66%. So, investors increased the negative bets on Baker Hughes in the past year. Baker Hughes’s stock price has decreased 11% in the past year.
"The joint venture adds to NOV’s growing manufacturing footprint in the Middle East to better serve our customers in the region. This will create jobs and economic growth in both the Kingdom and in our operations around the globe, including the United States."
National Oilwell Varco, Inc. (NOV) today announced the signing of an agreement with Saudi Aramco to form a joint venture in the Kingdom of Saudi Arabia. Through its state-of-the-art manufacturing and fabrication facilities in the Kingdom and NOV’s market-leading drilling technologies, the joint venture will provide high-specification land rigs, rig and drilling equipment and offer certain aftermarket services. Additionally, the companies announced their proposed joint venture will establish an education center to train Saudi technicians in the maintenance and operation of the sophisticated drilling technology that the venture will bring to the Kingdom.
In this daily bar chart of NOV, below, we can see an uptrend from around $30 in August to $45 in May. There are corrections along the way but the pattern of higher lows and higher highs continues. The volume pattern right below the price chart is hard to interpret but the line chart of the On-Balance-Volume (OBV) line shows a long rise. The Moving Average Convergence Divergence (MACD) oscillator has been above the zero line since March and it is now poised to cross to the upside for a new outright go long signal.
The short interest in Tenaris S.A. (TS) as a percentage of its float was 0.76% as of June 25—compared to 1.5% as of January 1. Since January 1, the short interest in Tenaris has decreased 49%. So, investors’ negative bets on Tenaris have decreased in 2018. Since the beginning of 2018, the company’s stock price has increased 10.8%.
In this series, we have been discussing the five OFS (oilfield equipment and services) companies with the highest “sell” recommendations from Wall Street analysts as of June 25. In this part, we’ll discuss the companies’ stock market returns YTD (year-to-date).
National Oilwell Varco (NOV) has the highest “sell” recommendations assigned by sell-side analysts in the OFS (oilfield equipment and services) industry. Approximately 10% of the analysts tracking National Oilwell Varco have recommended a “sell” or some equivalent as of June 25. Approximately 76% of the analysts recommended a “hold,” while 14% recommended a “buy” or some equivalent. Analysts’ consensus target price for National Oilwell Varco was ~$37.3 as of June 25. Currently, National Oilwell Varco is trading near $41.3, which implies 10% downside over the next 12 months at the current ...
On Tuesday, National Oilwell Varco (NYSE: NOV ) will release its latest earnings report. Check out Benzinga's report to understand the report's implications. Earnings and Revenue National Oilwell Varco ...
On June 21, short interest in Oceaneering International (OII) as a percentage of its float was 9.1% compared to 11.2% on June 21, 2017.
WallStEquities.com has initiated research reports on the following Oil & Gas Equipment & Services stocks: MRC Global Inc. (MRC), National Oilwell Varco Inc. (NOV), ProPetro Holding Corp. (PUMP), and RPC Inc. (RES). Houston, Texas headquartered MRC Global Inc.'s stock finished Wednesday's session 2.63% higher at $20.68 with a total trading volume of 626,059 shares. The Company's shares are trading above their 50-day and 200-day moving averages by 4.17% and 16.79%, respectively.