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Stock Update: National Oilwell Varco Inc (NYSE:NOV) – National Oilwell Varco Announces Second Quarter Earnings Conference Call

[Business Wire] – National Oilwell Varco, Inc. will hold a conference call to discuss its second quarter results on Thursday, July 28, 2016 at 8:00 AM Central Time . Read more on this. National Oilwell Varco, Inc. (NOV) , valued at $12.05B, started trading this morning at $32.86. Looking at today’s trading action, the company’s one day range from $31.56 to $33.19 and has traded between $25.74 and $52.47 over the past year. National Oilwell Varco (NOV) shares are currently priced at -35.17x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 1.44x earnings multiple for the same period. The company pays shareholders $1.84 per share annually in dividends, yielding 4.76%. According to a consensus of 31 analysts, the earnings estimate of $-0.31 per share would be $0.77 better than the year-ago quarter and a $0.00 sequential increase. The full-year EPS estimate is $-0.92 which would be a $3.72 worse than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $1.80 Billion. If realized, that would be a 53.96% decrease over the year-ago quarter. More recently, Societe Generale downgraded NOV from Hold to Sell (May 4, 2016). Previously, Morgan Stanley upgraded NOV from Underweight to Overweight. Given all the information above, we should disclose to readers that the average price target is $31.03, which is 5.57% below than it opened this morning. See more in (NYSE:NOV) Similar Articles: Market Update: National Oilwell Varco Inc (NYSE:NOV) – National Oilwell Varco Reports First Quarter 2016 Results Stock Update (NYSE:NOV): National Oilwell Varco Declares Regular Quarterly Dividend Stock Update (NYSE:NOV): National Oilwell Varco Announces Fourth Quarter and Full Year 2015 Earnings
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