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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...
The oilfield equipment provider, NOV, has recently reinstated its dividends after completely suspending them earlier in 2020. Whilst this hopefully foretells brighter days on the horizon, sadly their operating cash flow remains down around two-thirds year-on-year. Unless this chro...
With 12 buys and 2 sells, safe to say that Citi's North American Oil and Gas Services analyst is bullish on the year ahead Citi expects margin expansion for US-onshore leveraged service providers, as supply chain issues are overcome, and activity levels continue to move higher; the Analyst up...
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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...