Somewhat Favorable News Coverage Somewhat Unlikely to Impact National-Oilwell Varco (NOV) Stock Price

Press coverage about National-Oilwell Varco (NYSE:NOV) has been trending somewhat positive recently, according to Accern Sentiment. The research firm scores the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. National-Oilwell Varco earned a daily sentiment score of 0.14 on Accern’s scale. Accern also gave news articles about the oil and gas exploration company an impact score of 47.4513961924831 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:

Shares of National-Oilwell Varco (NYSE NOV) traded up $0.48 during midday trading on Friday, hitting $35.61. The stock had a trading volume of 3,184,942 shares, compared to its average volume of 3,530,000. National-Oilwell Varco has a twelve month low of $29.90 and a twelve month high of $41.90. The stock has a market capitalization of $13,530.00, a price-to-earnings ratio of -56.52, a price-to-earnings-growth ratio of 22.66 and a beta of 0.89. 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 (NYSE:NOV) last announced its 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). The business had revenue of $1.97 billion for the quarter. National-Oilwell Varco had a negative return on equity of 1.10% and a negative net margin of 3.24%. During the same period in the previous year, the firm posted ($0.15) earnings per share. research analysts expect that National-Oilwell Varco will post 0.26 EPS for the current fiscal year.

Several research analysts have commented on NOV shares. Piper Jaffray Companies reissued a “buy” rating and issued a $34.00 price objective on shares of National-Oilwell Varco in a research report on Thursday, December 21st. B. Riley reissued a “buy” rating on shares of National-Oilwell Varco in a research report on Wednesday, November 1st. TheStreet raised National-Oilwell Varco from a “d+” rating to a “c” rating in a research report on Tuesday, February 6th. Capital One Financial reissued an “equal weight” rating on shares of National-Oilwell Varco in a research report on Friday, October 27th. Finally, Barclays cut their price objective on National-Oilwell Varco from $38.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Monday, October 30th. Five investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. National-Oilwell Varco has an average rating of “Hold” and an average price target of $38.13.

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About National-Oilwell Varco

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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