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NOV Inc. (NOV) -7.4% pre-market after saying it expects Q4 revenues and earnings to come in below prior guidance, anticipating revenues of $1.33B, a GAAP operating loss of $327M and adjusted EBITDA of $17M.Results also would miss analyst consensus of $1.36B for revenues and adjusted EBITDA of...
NOV Inc. (NYSE: NOV) announced today that it expects fourth quarter 2020 revenue and earnings to be below prior guidance. On a consolidated basis, the Company expects to report revenues of $1.33 billion, a GAAP operating loss of $327 million and Adjusted EBITDA of $17 million. ...
Energy leads the S&P sector standings by a wide margin for the second straight day, extending its strong start this year as oil prices add to gains at 11-month highs.The S&P 500 Energy ETF ([[XLE]] +2.9%) has rallied more than 14% YTD to its highest level since June and has climbed ab...
With all the talk about the record year for the markets, some stocks were left out of the rally - especially from the energy and travel sectors - though there were some other surprises.While the S&P 500 rose 16.3% in 2020, these were the top 20 losers on the index: [[CCL]] -57%, [[OXY]] -...
Retail tax loss selling and institutional portfolio window dressing can artificially depress underperforming stocks in the final trading days of the calendar year. Buying selected underperformers, the goal is to outperform the S&P 500 by five percentage points at some point during...
National Oilwell Varco, Inc. (the “Company”) (NYSE: NOV) announced today plans to change its corporate name to “NOV Inc.”, effective January 1, 2021. The Company’s ticker symbol, “NOV”, will remain unchanged. “Our Company has a...
NOV's Q3 revenue fell 6% Q/Q. EBITDA margins improved amid cost containment efforts. Oil markets appear to be perking up as the economy slowly reopens. NOV should benefit from rising oil prices. At 6.3x EBITDA, I believe NOV's valuation is compelling. Buy NOV. For further de...
The energy sector hasn't been too kind to investors in 2020. Several companies large and small have written down the value of their assets, cut dividends, missed interest payments, or flat-out gone bankrupt. Instead of rattling off several energy stocks that are down close to 100%, it's...
Transocean ([[RIG]] -6.5%) and Liberty Oilfield Services ([[LBRT]] -2.9%) open sharply lower after Wells Fargo downgrades shares, with a cautious view on the rate of Lower 48 activity growth in next year's H1, which could push prospects for frac pricing improvement to H2 2021 or later.Transoc...
The energy sector ([[XLE]] -1.5%) ranks among today's weakest performers but remains on track to finish the week with a more than 8% gain, which places it well ahead of the remaining 10 S&P groups.Key factors driving today's weakness include crude oil pulling back from its highest level i...
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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...