|Bid||22.91 x 1400|
|Ask||22.99 x 1800|
|Day's Range||22.94 - 23.29|
|52 Week Range||18.05 - 34.15|
|Beta (3Y Monthly)||1.33|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb. 4, 2020 - Feb. 10, 2020|
|Forward Dividend & Yield||0.20 (0.87%)|
|1y Target Est||25.56|
We'd be surprised if National Oilwell Varco, Inc. (NYSE:NOV) shareholders haven't noticed that the VP, Corporate...
National Oilwell Varco, Inc. (NYSE:NOV) shareholders should be happy to see the share price up 14% in the last month...
National Oilwell Varco, Inc. (NOV) (the “Company”) today announced that it issued a notice to redeem a portion of its 2.60% senior notes due December 2022; priced a new underwritten public offering of $500 million of senior unsecured notes due December 2029; and announced the completion of an amendment that includes the extension of the maturity date of its credit agreement. “We are pleased to announce this series of transactions that extends the maturities on $500 million of our debt, allows for a near-term paydown of up to $500 million in debt, demonstrates a commitment to further reduce leverage by $400 million by December 2022, and ultimately accelerates the timeline in which the Company will reach our stated objective of achieving a gross debt to Adjusted EBITDA leverage ratio of two times or less,” commented Clay Williams, Chairman, President and CEO.
National Oilwell Varco, Inc. (NOV) (the “Company”) today announced that it intends to conduct an underwritten public offering of senior unsecured notes due 2029, subject to market and other conductions. The Company intends to use the net proceeds from the sale of the notes, along with cash on hand or revolving credit facility borrowings, to redeem a portion of its 2.600% senior notes due December 2022. Barclays Capital Inc., J.P. Morgan Securities LLC and Wells Fargo Securities, LLC are acting as joint book-running managers for the offering.
Wall Street closed sharply higher on Monday buoyed by better-than-expected earnings results, possibility of an interim trade deal and positive development on Brexit.
Keeping pace with the changing market dynamics, National Oilwell Varco (NOV) is looking to continue with its disciplined approach to capital spending and improvement in efficiency.
National Oilwell Varco (NOV) delivered earnings and revenue surprises of -710.00% and -1.93%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
National Oilwell Varco, Inc. today reported third quarter 2019 revenues of $2.13 billion, compared to $2.13 billion for the second quarter of 2019 and $2.15 billion for the third quarter of 2018.
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National Oilwell (NOV) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings.
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National Oilwell (NOV) is likely to have benefited from higher backlog orders in the Completion & Production Solutions and Rig Technology segments owing to increased offshore drilling rig activities.
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We often see insiders buying up shares in companies that perform well over the long term. On the other hand, we'd be...
Callon Petroleum (CPE) expects the Carrizo acquisition plan to create large scale development opportunities, and accelerate operational and capital efficiencies.