This Oil CEO Sees Uncertainty Ahead [The Motley Fool]
NOV Inc. (NOV)
Last nov inc. earnings: 4/27 06:45 pm
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Source: The Motley Fool
This Oil CEO Sees Uncertainty Ahead A few months ago, the 09 outlook for the oil market among service company CEOs was decidedly bullish. Clay Williams, the CEO of oilfield equipment giant National Oilwell Varco ( NYSE:NOV third-quarter earnings report Fast forward roughly 90 days, and the outlook has changed significantly. That's clear from the comments of National Oilwell Varco's CEO on the company's fourth-quarter conference call Image source: Getty Images. Addressing the elephant in the room Williams started his comments by stating that Before diving deeper into our fourth quarter results National Oilwell Varco's CEO noted that oil prices have been excruciatingly volatile over the past few months. Oil peaked in early October at slightly more than $8 a barrel for Brent (the global benchmark price) and $7 a barrel for the U.S. benchmark WTI. They would go on to crash roughly 0% from their peaks by the end of December, putting Brent in the low $ and WTI in the mid $0s. Both, however,
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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