NOV News and Press, National Oilwell Varco Inc. From 03/07/22

Shares of NOV Inc. (NYSE:NOV) traded today at $20.91, eclipsing its 52-week high. So far today approximately 2.8 million shares have been exchanged, as compared to an average 30-day volume of 5.6 million shares. NOV Inc. (NYSE:NOV) is currently priced 12.2% above its average consensus an...

NOV Inc. (NYSE: NOV) today announced that its Board of Directors declared the regular quarterly cash dividend of $0.05 per share of common stock, payable on March 25, 2022 to each stockholder of record on March 11, 2022. About NOV NOV delivers technology-driven solutions to ...

NOV Inc. (NYSE:NOV) -2.9% pre-market after Goldman Sachs downgrades shares to Sell from Neutral with a $16 price target, saying the stock currently trades at a premium to oilfield services peers. While NOV should benefit from an improving order book, Goldman's Neil Mehta sees several factors ...

Company reported a weaker-than-expected fourth quarter but revealed an estimated $700 million contract extension with Exxon Mobil offshore Guyana. Dayrates in the U.S. Gulf of Mexico has increased to new recovery highs on limited high-specification drillship availability. Outlook for ...

Energy (XLE +1.7%) is the only S&P sector posting a gain in Wednesday's trading, rebounding from yesterday's downturn with support from a bounce in oil prices. March WTI crude (CL1:COM) +2.3% to $94.24/bbl, after closing Tuesday with a 3.6% drop, while April Brent (CO1:COM) +2.2% to $95.3...

NOV Inc. (NOV -2.9%) is downgraded to Neutral from Overweight with a $17 price target at J.P. Morgan, citing weaker margin expectations in all three company segments as it copes with inflationary and COVID-19 headwinds across its global manufacturing businesses. In its Q4 earnings report, NOV...

Nov, Inc. (NOV) Q4 2021 Earnings Conference Call February 04, 2022, 11:00 ET Company Participants Blake McCarthy - VP, Corporate Development & IR Clay Williams - Chairman, President & CEO Jose Bayardo - SVP & CFO Conference Call Participants Arun Jayaram - JPMorgan Chase & Co....

NOV Inc. (NOV -7.8%) plunges at the open after reporting a Q4 GAAP loss of $0.10/share, far better than the year-ago loss of $0.90/share but larger than Wall Street expectations, and warning that higher freight, labor and component costs will continue into this year. Q4 net loss attributable ...

National Oilwell Varco press release (NYSE:NOV): Q4 GAAP EPS of -$0.10 misses by $0.06. Revenue of $1.52B (+14.3% Y/Y) beats by $60M. CEO comment: “As the world emerges from the pandemic and greater economic activity resumes, it is becoming increasingly evident that supply of petroleum...

NOV Inc. (NYSE: NOV) today reported fourth quarter 2021 revenues of $1.52 billion, an increase of 13 percent compared to the third quarter of 2021 and an increase of 14 percent compared to the fourth quarter of 2020. Net loss for the fourth quarter of 2021 was $40 million, or 2.6 percen...