Media headlines about National-Oilwell Varco (NYSE:NOV) have trended somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. National-Oilwell Varco earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned news stories about the oil and gas exploration company an impact score of 47.0154231387235 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- Notable News Buzz: National Oilwell Varco, Inc., (NYSE: NOV), QUALCOMM Incorporated, (NASDAQ: QCOM) – StocksNewsPro (press release) (stocksnewspro.com)
- National Oilwell Varco, Inc. (NYSE:NOV) – Hot Mover of the Day – Nasdaq Journal (nasdaqjournal.com)
- Stock for Low Risk Taking Investors: National Oilwell Varco, Inc. (NOV) – Wallstreet Investorplace (wallstreetinvestorplace.com)
- National Oilwell Varco, Inc. (NOV) Ex-Dividend Date Scheduled for March 15, 2018 – Nasdaq (nasdaq.com)
- Tech Breakthroughs Could Radically Change Oil Markets in 2018 (prnewswire.com)
Several brokerages have recently issued reports on NOV. Cowen set a $33.00 price objective on National-Oilwell Varco and gave the company a “hold” rating in a report on Thursday, January 11th. TheStreet raised National-Oilwell Varco from a “d+” rating to a “c” rating in a report on Tuesday, February 6th. Zacks Investment Research raised National-Oilwell Varco from a “sell” rating to a “hold” rating in a report on Tuesday. Seaport Global Securities restated a “sell” rating and issued a $30.00 price target on shares of National-Oilwell Varco in a research report on Monday, February 12th. Finally, Jefferies Group set a $35.00 price target on National-Oilwell Varco and gave the company a “hold” rating in a research report on Thursday, January 4th. Five investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. National-Oilwell Varco currently has a consensus rating of “Hold” and a consensus price target of $37.55.
National-Oilwell Varco (NYSE:NOV) last released its quarterly earnings results on Monday, February 5th. The oil and gas exploration company reported ($0.04) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.04). National-Oilwell Varco had a negative return on equity of 1.10% and a negative net margin of 3.24%. The firm had revenue of $1.97 billion for the quarter. During the same period in the prior year, the business earned ($0.15) EPS. research analysts forecast that National-Oilwell Varco will post 0.26 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 16th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend is Thursday, March 15th. National-Oilwell Varco’s dividend payout ratio is currently -15.75%.
In related news, VP Scott K. Duff sold 7,421 shares of the firm’s stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $35.66, for a total transaction of $264,632.86. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.58% of the company’s stock.
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National-Oilwell Varco Company Profile
National Oilwell Varco, Inc is an oilfield equipment manufacturer and technology provider. The Company operates through four segments: Rig Systems, Rig Aftermarket, Wellbore Technologies and Completion & Production Solutions. The Rig Systems segment makes and supports the capital equipment and integrated systems needed to drill oil and gas wells on land and offshore.
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