National Oilwell Varco (NOV) Receiving Somewhat Positive Press Coverage, Accern Reports

Headlines about National Oilwell Varco (NYSE:NOV) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. National Oilwell Varco earned a news impact score of 0.02 on Accern’s scale. Accern also gave media headlines about the oil and gas exploration company an impact score of 47.8868664174024 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Here are some of the news stories that may have impacted Accern’s analysis:

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Shares of National Oilwell Varco stock traded up $0.13 during trading on Monday, hitting $38.38. 2,063,727 shares of the company’s stock traded hands, compared to its average volume of 3,343,002. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.79 and a current ratio of 3.07. National Oilwell Varco has a twelve month low of $29.90 and a twelve month high of $41.38. The firm has a market cap of $14,540.50, a P/E ratio of -91.38, a price-to-earnings-growth ratio of 28.38 and a beta of 0.80.

National Oilwell Varco (NYSE:NOV) last issued its earnings results on Monday, February 5th. The oil and gas exploration company reported ($0.04) earnings per share for the quarter, meeting the consensus estimate of ($0.04). National Oilwell Varco had a negative net margin of 3.24% and a negative return on equity of 1.10%. The business had revenue of $1.97 billion for the quarter. During the same quarter last year, the firm posted ($0.15) earnings per share. equities analysts forecast that National Oilwell Varco will post 0.22 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Friday, March 16th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, March 15th. This represents a $0.20 annualized dividend and a dividend yield of 0.52%. National Oilwell Varco’s dividend payout ratio (DPR) is currently -47.62%.

Several research analysts recently commented on NOV shares. B. Riley set a $42.00 target price on shares of National Oilwell Varco and gave the stock a “buy” rating in a report on Friday, January 19th. TheStreet upgraded shares of National Oilwell Varco from a “d+” rating to a “c” rating in a report on Tuesday, February 6th. Barclays set a $37.00 price objective on shares of National Oilwell Varco and gave the stock an “equal weight” rating in a report on Thursday, February 8th. Susquehanna Bancshares set a $35.00 price objective on shares of National Oilwell Varco and gave the stock a “hold” rating in a report on Friday, January 12th. Finally, Cowen set a $33.00 price objective on shares of National Oilwell Varco and gave the stock a “hold” rating in a report on Thursday, January 11th. Four investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $36.59.

In other news, VP Scott K. Duff sold 7,421 shares of National Oilwell Varco stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $35.66, for a total transaction of $264,632.86. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.79% of the stock is currently owned by insiders.

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National Oilwell Varco Company Profile

National Oilwell Varco, Inc designs, manufactures, and sells systems and components used in oil and gas drilling and production; and provides oilfield services to the upstream oil and gas industry worldwide. It operates through three segments: Wellbore Technologies, Completion & Production Solutions, and Rig Technologies.

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