NOV News and Press, National Oilwell Varco Inc. From 10/27/22

Revenue of $1.89 billion, up 9% sequentially and 41% year-over-year Operating Profit of $55 million, down $13 million sequentially and up $98 million year-over-year Net Income of $32 million, or $0.08 per fully diluted share Adjusted EBITDA* of $195 million, ...

Summary Executing a well-thought-out industry consolidation strategy, Cathedral Energy Services made a total of six acquisitions in the last year or so. The impact of these accretive transactions on its top line, EBITDA and FCF is expected to become apparent when Cathedral reports...

Ratings for NOV Inc. ( NYSE: NOV ) and Pioneer Natural Resources ( NYSE: PXD ) were switched Wednesday at Citi, which upgraded NOV to Buy from Neutral with a $25 price target, up from $20, while Pioneer Natural is cut to Neutral from Buy with a $240 PT, trimmed from...

Summary The optimal time for risk mitigation ended long ago. It is time to search for signals amongst the noise as the greatest opportunities of the next cycle are born. A cyclical upturn in oil and gas will be amplified by a diverse set of secular growth opportunities during ...

Summary Schlumberger has held up remarkably well in the current environment, easily outperforming the broader market. This has been driven by strong fundamental performance and that trend looks set to continue. Management is playing the long game and shares are attractively pr...

Summary Oilfield services were exceptionally volatile last week as crude oil and natural gas declined 8% and 10% respectively. 53 oilfield service companies were evaluated using a value matrix with factors including value, growth, profitability, ownership, and debt. Based on v...

Summary Even though energy has been the best performing sector of the year by a large margin, deep values remain in under-covered and small cap oilfield services. Fifty-three oilfield service equities were evaluated using a value matrix including factors for value, growth, profita...

NOV Inc. (NYSE: NOV) will hold a conference call to discuss its third quarter 2022 results on Friday, October 28, 2022, at 10 a.m. (Central Time). NOV will issue a press release with the Company’s results after the market closes for trading on Thursday, October 27, 2022. The call...

Schlumberger’s market capitalization is $51.9 billion. Its dividend yield is 1.9%. The company considers its phenomenal Q2 '22 results—including quarter-over-quarter strongest revenue growth since 2010—an upward inflection that will continue due to the global need...

NOV reinstated their dividends in late 2021, although at the time, it was prudent for investors to keep their expectations low. On the surface, the first half of 2022 appears terrible with negative operating cash flow. Thankfully this was merely from a relatively outsized working ...