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National Oilwell Varco ([[NOV]] +1.2%) says that despite steep decline in demand for oil and gas-related products and services, its cost reduction initiatives exceeded expectations, resulting in $323M in cash flow from operations and lower net debt to $339M during Q3.Earnings of -$0.14 came i...
National Oilwell Varco (NOV): Q3 GAAP EPS of -$0.14 misses by $0.03.Revenue of $1.38B (-35.2% Y/Y) in-line.Rig technologies backlog of $2.66B vs. $2.70B consensus.Adj. EBITDA of $71M vs. $53.1M consensus.Press Release For further details see: National Oilwell Varco EPS misses by $0.03, ...
National Oilwell Varco (NYSE:NOV) is scheduled to announce Q3 earnings results on Monday, October 26th, after market close.The consensus EPS Estimate is -$0.10 (+84.4% Y/Y) and the consensus Revenue Estimate is $1.38B (-35.2% Y/Y).Over the last 2 years, NOV has beaten EPS estimates 13% of the...
Oil and gas plays are getting hit late as oil prices as the mild enthusiasm for the overall energy sectors seen this week fades.Crude oil has reversed direction and is down 2% below $40/barrel, with some analysts pointing to the stalemate in stimulus talks as a reason to bid the mar...
NOV reports earnings October 26th. Revenue will likely fall by double digits Y/Y. Management has been cutting costs, yet cost takeouts may not fully offset the decline in revenue and decline in scale. $1.4 billion in cash and positive cash flow should sustain NOV until oil markets...
The oil and gas industry hasn't been kind to investors as of late. The Energy Select Sector SPDR ETF , which tracks the sector, has lost nearly half its value so far this year. Prices for West Texas Intermediate (WTI) and Brent crude oil, the two most commonly quoted benchmarks, are dow...
The energy sector ([[XLE]] -3.4%) returns to the bottom of the S&P sector standings as crude oil prices come under pressure, with November WTI (CL1:COM) -5.1% to $38.53/bbl and plunging below its 200-day moving average $39.62/bbl.There's no obvious catalyst behind today's sharp move, but ...
Investors apparently aren't interested in seeing another stock market correction -- at least not this week. The S&P 500 Index (SNPINDEX:^%GSPC) gained 51.9 points, or 1.6%, on Sept. 25. Today's move higher gets the index, which is broadly representative of the U.S. stock market, a l...
National Oilwell Varco, Inc. (the “Company”) (NYSE: NOV) announced today the closing of the previously announced cash tender offer (the “Tender Offer”) to purchase any and all of the outstanding 2.600% Senior Unsecured Notes due 2022 (the “Notes”) iss...
Source: Barron's The S&P 500 ( SPY ) and the Nasdaq recently closed at record highs, yet the economy still may not be on solid footing. Q2 GDP fell over 30%, and it may remain negative in recession territory until the pandemic ends. That sounds bearish for cyclical names like Natio...
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2024-07-30 07:00:07 ET David Anderson from Barclays issued a price target of $20.00 for NOV on 2024-07-30 05:28:00. The adjusted price target was set to $20.00. At the time of the announcement, NOV was trading at $19.81. The overall price target consensus is at $19.25 wi...
Revenue of $2.22 billion, an increase of 6% year-over-year Net Income of $226 million, and $0.57 per share, up $71 million, or $0.18 per share, year-over-year Adjusted EBITDA* of $281 million, an increase of $36 million year-over-year Cash flow from operations of $432 mill...
2024-07-23 11:50:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...