National Oilwell Varco -3% as Piper cuts estimates, stock price target [Seeking Alpha]
NOV Inc. (NOV)
Last nov inc. earnings: 4/27 06:45 pm
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Source: Seeking Alpha
National Oilwell Varco ( NOV ) tumbles more than 3% after Piper Jaffray analyst Bill Herbert lowers the company's estimates and stock price target to $52 from $53, while maintaining an Overweight rating. Herbert cuts his H2 2018 and FY 2019 EBITDA estimates for NOV by 4%-5% and trims 2020-21 estimates by 1%-1.5%, citing flattening drilling and completions cadence in the Permian Basin, and in particular the ensuing softening in frac utilization and pricing. Separately, Morgan Stanley earlier this week initiated NOV at Equal Weight with a $50 price target, calling the company a high-quality and well-managed business, although the capital equipment cycle likely will prove slower to accelerate. See all stocks on the move » Now read: National Oilwell Varco Delivers On Cue, Transformation Process Underway » Subscribe for full text news in your inbox
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NOV
News
- Earnings Preview: Nov Inc. (NOV) Q1 Earnings Expected to Decline [Yahoo! Finance]Yahoo! Finance
- Global Oil and Gas Pipes Strategic Research Report 2023-2030: Strong Pipeline Development Activity Opens Parallel Opportunities [Yahoo! Finance]Yahoo! Finance
- NOV: Energy Supplier Sees Some Energy Itself [Seeking Alpha]Seeking Alpha
- A Look At The Intrinsic Value Of NOV Inc. (NYSE:NOV) [Yahoo! Finance]Yahoo! Finance
- NOV Inc. (NYSE: NOV) had its "positive" rating re-affirmed by analysts at Susquehanna. They now have a $26.00 price target on the stock.MarketBeat
NOV
Earnings
- 2/1/24 - Beat
NOV
Sec Filings
- 4/4/24 - Form ARS
- 4/4/24 - Form DEFA14A
- 4/4/24 - Form DEF
- NOV's page on the SEC website