|Bid||21.60 x 900|
|Ask||21.99 x 800|
|Day's Range||21.58 - 22.58|
|52 Week Range||18.05 - 32.63|
|Beta (5Y Monthly)||1.37|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 05, 2020|
|Forward Dividend & Yield||0.20 (0.87%)|
|Ex-Dividend Date||Dec 04, 2019|
|1y Target Est||26.24|
Robust international operations coupled with rebounding oil prices have lifted oil and gas equipment stocks. Trade these three industry leaders.
The Zacks Analyst Blog Highlights: Apache, Occidental Petroleum, Chevron, Halliburton Company and National Oilwell Varco
In a bid to rebound from the cautious spending by oil and gas as well as exploration and production companies due to soft oil prices, Apache (APA) plans to slash global headcount by 500.
John Eade, an analyst with Argus Research, chose defense contractor Lockheed Martin (LMT) as his Top Pick in 2019. He still views the stock -- which rose 47% last year -- as a suitable core holding in a diversified portfolio. For 2020, he turns to a favorite drug developer.
S&P; 500 companies start reporting soon. But investors really want to know which companies will put up big profit gains in 2020. And there are favorites.
Today we will run through one way of estimating the intrinsic value of National Oilwell Varco, Inc. (NYSE:NOV) by...
Don't look now, but the energy sector is starting to percolate. Apparently we've reached the stage of the market rally where they're coming after the dogs. But don't hate, participate! I'll show you how by offering three different energy stocks to buy.Here are a few stats that illustrate just how hilariously bad energy and oil stocks have been. I'm using the Energy Sector SPDR (NYSEARCA:XLE) as the benchmark, but other popular funds for the space like Oil & Gas Explore & Prod (NYSEARCA:XOP) and Oil Services ETF (NYSEARCA:OIH) have been equally dismal.While the S&P 500 is perched at record heights, XLE is still 40% off its 2014 peak. The XOP ETF is even worse. It's lower than it was when Armageddon came to town in 2008.InvestorPlace - Stock Market News, Stock Advice & Trading TipsYear-to-date, XLE is only up 2.6% while the S&P 500 is up 27%. That's some serious relative weakness.And here's the stat to top them all. The entire energy sector has fallen so far that it's worth less than a single company -- Apple (NASDAQ:AAPL). If you're a contrarian, that above all else should have alarm bells going off in your head. The fear and loathing have reached epic levels. * 10 Stocks to Buy That Lost 8%-Plus in the Past Month But here's the thing. Many energy stocks are finally starting to catch a bid. Here are three of the best in the oil services industry worth buying. Oil Services Stocks to Buy: Schlumberger (SLB)Source: The thinkorswim® platform from TD Ameritrade The easiest way to identify candidates is to look at the top holdings of OIH. Schlumberger (NYSE:SLB) tops the list, accounting for some 20% of the fund. Its weekly trend looks atrocious, but signs of a bottom have emerged this quarter. The rebound has been strong enough to reverse the 20-day and 50-day moving averages higher and SLB stock even powered above its 200-day moving average for the first time since last July.We're now testing overhead resistance at $40. This price has kept a lid on the stock through the back half of the year, so vaulting above it will mark a big change in character.This quarter's bullish behavior has me in the bottom fishing mood. SLB share's low price tag makes them a prime candidate for naked puts.The Trade: Sell the Jan $37.50 put for 60 cents. Halliburton (HAL)Source: The thinkorswim® platform from TD Ameritrade Halliburton (NYSE:HAL) is the second-largest holding in OIH, accounting for about 12% of the fund. One glance at its chart reveals HAL is the veritable twin of SLB. They are virtually identical. So all of the bottoming characteristics identified on SLB are shared by HAL.So let's skip the redundant chart comments and elaborate on why naked puts are attractive here.The cheap price tag of SLB and HAL keep the margin requirement for short puts low enough to pump up the return on investment. By selling puts, we're obligating ourselves to buy shares at a discount to the current price. If the puts expire worthless due to the stock remaining bullish, we pocket the premium we received upfront. But if the stock drops, we get to buy shares of a company we wanted exposure to anyways.That's a win-win. * 7 Impressive Stocks to Buy Over $250 The Trade: Sell the Jan $24 puts for 50 cents. National Oilwell Varco (NOV)Source: The thinkorswim® platform from TD Ameritrade National Oilwell Varco (NYSE:NOV) rounds out today's list with a similar setup as its predecessors. NOV stock's recovery has been subtle but steady over the past few months. An ascending triangle has formed, reflecting a slight uptick in demand on each selloff. And now, NOV is knocking on the door of a major ceiling at $24.50.A break above it will signal the completion of its eight-month bottoming process and potentially spark the next leg of its nascent uptrend.Once again, naked puts are my play of choice if you're willing to bottom fish here.The Trade: Sell the Jan $23 puts for around 45 cents.As of this writing, Tyler Craig held bullish positions in OIH. For a free trial to the best trading community on the planet and Tyler's current home, click here! More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 8 Biggest Investing Surprises of 2019 * 7 Impressive Stocks to Buy Over $250 * 4 Small-Cap Energy Stocks Ready to Explode The post 3 Energy Stocks to Buy appeared first on InvestorPlace.
Stocks such as Alphabet, Google’s parent, promise to grow regardless of what the economy does, yet are reasonably priced, according to Goldman Sachs.
Houston-based Halliburton (HAL) to reduce costs significantly in an effort to upgrade its operational excellence despite a tough market environment.
Most investors tend to think that hedge funds and other asset managers are worthless, as they cannot beat even simple index fund portfolios. In fact, most people expect hedge funds to compete with and outperform the bull market that we have witnessed in recent years. However, hedge funds are generally partially hedged and aim at […]
The Zacks Analyst Blog Highlights: Halliburton Company, National Oilwell Varco, Superior Energy Services and RPC
This commodity downslide compels oilfield service providers to contain costs to a bare minimum while looking for innovative ways to extract more oil and gas.
The company previously said it was working on cost-saving efforts as business conditions remain tough for oil field services.
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.
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 December 20, 2019 to each stockholder of record on December 6, 2019.
NEW YORK , Nov. 13, 2019 /PRNewswire/ -- Juan Monteverde , founder and managing partner at Monteverde & Associates PC , a national class action securities firm headquartered at the Empire State Building ...
National Oilwell Varco, Inc. will hold a conference call to discuss its fourth quarter and full-year 2019 results on Friday, February 7, 2020 at 10 a.m. . NOV will issue a press release with the Company’s results after the market closes for trading on Thursday, February 6, 2020.
NEW YORK , Nov. 12, 2019 /PRNewswire/ -- Purcell Julie & Lefkowitz LLP, a class action law firm dedicated to representing shareholders nationwide, is investigating a potential breach of fiduciary duty ...
We'd be surprised if National Oilwell Varco, Inc. (NYSE:NOV) shareholders haven't noticed that the VP, Corporate...
National Oilwell Varco, Inc. (NYSE:NOV) shareholders should be happy to see the share price up 14% in the last month...
National Oilwell Varco, Inc. (NOV) (the “Company”) today announced that it issued a notice to redeem a portion of its 2.60% senior notes due December 2022; priced a new underwritten public offering of $500 million of senior unsecured notes due December 2029; and announced the completion of an amendment that includes the extension of the maturity date of its credit agreement. “We are pleased to announce this series of transactions that extends the maturities on $500 million of our debt, allows for a near-term paydown of up to $500 million in debt, demonstrates a commitment to further reduce leverage by $400 million by December 2022, and ultimately accelerates the timeline in which the Company will reach our stated objective of achieving a gross debt to Adjusted EBITDA leverage ratio of two times or less,” commented Clay Williams, Chairman, President and CEO.
Rising cash balances will give management the option to further reduce debt should earnings growth continue to be hard to come by or in the event of a significant downturn. For provisional ratings, this announcement provides certain regulatory disclosures in relation to the provisional rating assigned, and in relation to a definitive rating that may be assigned subsequent to the final issuance of the debt, in each case where the transaction structure and terms have not changed prior to the assignment of the definitive rating in a manner that would have affected the rating.
National Oilwell Varco, Inc. (NOV) (the “Company”) today announced that it intends to conduct an underwritten public offering of senior unsecured notes due 2029, subject to market and other conductions. The Company intends to use the net proceeds from the sale of the notes, along with cash on hand or revolving credit facility borrowings, to redeem a portion of its 2.600% senior notes due December 2022. Barclays Capital Inc., J.P. Morgan Securities LLC and Wells Fargo Securities, LLC are acting as joint book-running managers for the offering.
Now Inc. said late Friday its board of directors has appointed Dick Alario the company's interim chief executive, effectively immediately, replacing Robert Workman. Now Inc., a distributor of oil drilling equipment spun off from National Oilwell Varco Inc. in 2014, did not disclose a reason for Workman's departure. Workman also will no longer serve on the board. Now said it plans to hire a search firm to recruit a new chief executive. Alario has asked the company not to be considered for the full-time CEO position. Now shares were flat in the extended session Friday after ending the regular trading day up 8%.