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Business Wire (Mon, 9:00AM)
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Business Wire (Apr 29, 2013)
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Business Wire (Apr 26, 2013)
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Oversold Growth StocksCodespeed • Wed, Apr 24 -
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National Oilwell Varco Q2 2010 Earnings Call TranscriptFri, Jul 30, 2010
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National Oilwell Varco, Inc. Q1 2010 Earnings Call TranscriptTue, Apr 27, 2010
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National-Oilwell Varco Q4 2009 Earnings Call TranscriptWed, Feb 3, 2010
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National Oilwell Varco Inc. Q3 Earnings Call TranscriptMon, Oct 26, 2009
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National Oilwell Varco, Inc. Q2 2009 Earnings Call TranscriptTue, Jul 28, 2009
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National Oilwell Varco Inc. Q1 2009 Earnings Call TranscriptThu, Apr 23, 2009
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National Oilwell Varco Q4 2008 Earnings Call TranscriptWed, Feb 4, 2009
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National Oilwell Varco, Inc. Q3 2008 Earnings Call TranscriptFri, Oct 24, 2008
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National Oilwell Varco, Inc. Q2 2008 Earnings Call TranscriptTue, Jul 29, 2008
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Business Wire (Mon, 9:00AM)
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at MarketWatch.com (Fri, 10:59AM)
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at CNBC.com (May 15, 2013)
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Business Wire (Apr 29, 2013)
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at MarketWatch.com (Apr 26, 2013)
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Business Wire (Apr 26, 2013)
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at CNBC.com (Mar 14, 2013)
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at MarketWatch.com (Mar 8, 2013)
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Business Wire (Mar 6, 2013)
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Business Wire (Feb 21, 2013)
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at CNBC.com (Feb 20, 2013)
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Business Wire (Feb 20, 2013)
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Business Wire (Feb 19, 2013)
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at CNBC.com (Feb 14, 2013)
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at MarketWatch.com (Feb 6, 2013)
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at MarketWatch.com (Feb 1, 2013)
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Business Wire (Feb 1, 2013)
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at CNBC.com (Jan 25, 2013)
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at CNBC.com (Jan 25, 2013)
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at MarketWatch.com (Dec 27, 2012)
NOV vs. ETF Alternatives
Company Description
National Oilwell Varco, Inc. (“NOV” or the “Company”), a Delaware corporation incorporated in 1995, is a leading worldwide provider of equipment and components used in oil and gas drilling and production operations, oilfield services, and supply chain integration services to the upstream oil and... More
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- | Earnings
- | Dividends
- | M&A
- | On the move
- Tuesday, May 7, 10:54 AM Dresser-Rand (DRC +3.8%) is turning into a takeover target for potential buyers such as Siemens (SI), National Oilwell Varco (NOV) and Cameron (CAM), Bloomberg writes. GE’s decision to buy Lufkin this year at the highest multiple to profit on record signaled an appetite for takeovers in the oilfield equipment industry, and DRC could be next on the list as the number of takeout candidates in the space diminishes. 1 Comment [Energy, M&A, On the Move]
- Friday, April 26, 8:13 AM More on National Oilwell Varco's (NOV) Q1 results: EPS and revenues failed to meet consensus estimates, which had already been lowered; NOV cites a softer than expected North American market. Revenue fell sequentially in each of its three segments, with a 9% Q/Q drop in rig technology. Backlog at a record high $12.9B. Shares -3.7% premarket. Comment! [Energy, Earnings, On the Move]
- Friday, March 1, 11:49 AM National-Oilwell Varco (NOV -2.2%) heads south following a downgrade to Sell from Ameriprise Financial. Shares of the drilling equipment maker have had a rough few months, and currently trade at 11x 2013E EPS. 8 Comments [Energy, On the Move]
- Friday, February 1, 2:24 PM National Oilwell Varco (NOV -4%) slides despite beating Street numbers for Q4 earnings and revenues, as weaker operating margins in the rig technology segment, NOV's largest, eliminated some of the revenue strength. COO Clay Williams says in the conference call that competitive forces have kept prices for new drilling equipment packages "stubbornly" 8%-10% below 2007-08 prices. 2 Comments [Energy, Earnings, On the Move]
- Tuesday, January 8, 3:56 PM National Oilwell Varco (NOV -2.8%) is downgraded to Sector Perform with an $80 price target, lowered from $88, by RBC Capital, which says NOV's share price is heavily tied to rig equipment orders. The firm believes a near-to-intermediate term lull in orders may begin in 2013 as the industry digests the influx of equipment ordered in recent quarters. 2 Comments [Energy, Quick Ideas, On the Move]
- Monday, November 26, 2012, 12:26 PM Raymond James doesn't seem impressed by Cameron's (CAM -1.4%) $275M order from South Korea’s STX Offshore & Shipbuilding. "It is still a bit early to get excited" by CAM's award, the firm says; while National Oilwell Varco (NOV -1.8%) likely will maintain its dominant market position in drilling equipment, the impact of the STX deal on CAM’s balance sheet “could be fairly significant." Comment! [Energy, On the Move]
- Thursday, October 25, 2012, 12:27 PM National Oilwell Varco (NOV -4.1%) posted better than expected Q3 profits and enjoyed solid demand for deepwater equipment, but shares are down sharply on worries about the stalled U.S. land drilling market. Demand for NOV's products and services continued to grow in international markets, but softened in North America, which accounts for half its revenue. 4 Comments [Energy, Earnings, On the Move]
- Wednesday, August 15, 2012, 9:22 AM Warren Buffett's new energy favorites National Oilwell Varco and Phillips 66 look strong in premarket trading: NOV +2.5%, PSX +1.7%. Intel (INTC), whose shares Buffett liquidated in the latest quarter, -0.9%. 2 Comments [Energy, On the Move]
- Thursday, August 9, 2012, 11:57 AM National Oilwell Varco's (NOV +0.7%) $2.5B deal to purchase Robbins & Myers (RBN +27.3%) is the sixth deal NOV has made this year alone, pushing its total M&A spending past $4B. Analysts largely applaud the latest deal, calling the price reasonable and saying the two companies fit together well; they expect the deal to boost NOV’s earnings next year. Comment! [Energy, M&A, On the Move]
- Thursday, August 9, 2012, 8:27 AM Oilfield-equipment company National Oilwell Varco (NOV) agrees to acquire Robbins & Myers (RBN) for $2.54B in cash, or $60/share, which represents a 28% premium to the latter's close yesterday. Robbins & Myers +27%, National Oilwell +0.9%. (PR) Comment! [On the Move, Energy, Breaking News, Top Stories]
- Thursday, July 26, 2012, 9:58 AM National Oilwell Varco (NOV +5.4%) opens strong after Q2 results exceed estimates. Producers have been boosting capital expenditures in the past year and are poised to move much of their North America spending to areas yielding more oil and natural gas liquids instead of cheap natural gas, a shift that could generate even more demand for NOV's products. Comment! [Energy, Earnings, On the Move]
- Wednesday, April 25, 2012, 3:57 PM National Oilwell Varco's (NOV -1.8%) Q1 earnings rose an above-consensus 49% on broad growth in all of the company's main business segments, but shares fell as profit margins at its rig technology unit were thinner than expected. Comment! [Energy, On the Move]
- Wednesday, March 21, 2012, 2:56 PM Halliburton (HAL -2.1%) and Schlumberger (SLB -1.9%) join oilfield services competitor Baker Hughes (BHI -5.9%) in the red after the BHI profit warning. Morgan Stanley chips in, cutting HAL to equalweight as the battle for market share threatens margins. OIH -2.1%. 3 Comments [Energy, On the Move]
- Friday, March 16, 2012, 9:53 AM National Oilwell Varco (NOV +2.6%) shares enjoy a boost after Jim Cramer says the company dominates oil rig technology as much as Apple does in consumer electronics and media. NOV trades for 12x earnings estimates and just 1x its growth rate, and Cramer says those metrics indicate the stock should be trading ~60% higher. 5 Comments [Energy, On the Move]
- Tuesday, March 6, 2012, 3:13 PM Nymex crude oil futures drop 1.9% to end at $104.70/barrel, lowest since mid February, rattled by concerns about the ripple effect of a potential disorderly default by Greece as well as China's lower growth outlook. Shares of the big oilfield services firms - SLB -3.1%, HAL -3.2%, BHI -2.4%, WFT -4.1%, NOV -3.5% - are pushed well below their target prices. 3 Comments [Commodities, Energy, On the Move]
- Friday, February 3, 2012, 3:15 PM Adding to National Oilwell's (NOV +6.3%) strength on its earlier announcement that it plans to buy a pipe firm, Morgan Stanley says it's upping the stock to Overweight, citing a growing backlog that should drive the shares higher. Comment! [Energy, On the Move]
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WhisperNumber
$NOV earnings $1.29, four cents short of the whisper number. Expected price reaction: http://seekingalpha.com/a/tf2p - View all 0 replies
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The Wall Street Transcript
National-Oilwell Varco ($NOV) Expected to Maintain Oil Drilling Equipment Orders Despite Investor Doubts - http://su.pr/1EZpGP - View all 0 replies
LATEST REPLIES
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Mercy Jimenez
Blowout preventers (BOPs) leaking drilling fluid now require inspection; $GE has 20 + $NOV has 12 in GOM http://reut.rs/WBREfL - View all 3 replies
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Alex T: Bob, the largest rig builder in NOV. I don't believe that Cameron even match what NOV produces. Also I believe I read NOV has a 2 Bil backor
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Mercy Jimenez: Plus adding 2selling --former Area Mngr alleges $NOV falsified drill pipe inspection reports; drill pipe failures = catastrophic results ...
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Mercy Jimenez: If true - are there billions of feet of faulty pipes on oil rigs around the world?? Enough to worry or not? http://reut.rs/YFOKXE
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Wilson Wang: Right on Chris! I will look into it! Thanks for letting me know!
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Momintn
Morningstar names NOV's Miller as 2012 CEO of the Year. To see why $NOV is ahead http://bit.ly/13tlLJh - View all 1 replies
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Momintn: Miller sees sustainable drilling prospects worldwide and expects to use its expertise honed in the U.S. to take advantage of a global boom.
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Vash Patel
$ZIP, $NOV, $BPAX, $SKUL, and $TRLG could be ready to move up, is it time to buy? http://bit.ly/Y7ZsnP - View all 1 replies
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jamesinvest: i like $SKUL, enjoy their products, good price points, and they were everywhere you shopped for christmas.
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neobliviscar: $79. Entirely a chip shot. $525 in. Pays probably $10k to $20 if we get a big up day tomorrow. Odds are guested maybe 1 in 20.
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Leont68: now to see if my 2 nov $4.50 calls @.95 will payoff or not. should have bought these yesterday ...
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neobliviscar
SBUX getting roasted a bit. So much for that half dead bounce several of us traded. I'm aiming to sell NOV $42 Puts for 0.5 or more. - View all 2 replies
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neobliviscar: Even with the sell-off, seems kinda slow today. Covered most of Fri daytrade shorts too early on 10/10, yet uber glad I covered the YUM too.
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Vertical Spread
Everybody writing bout X.. I am short NOV 21 Calls, long JAN 20 Calls for a diagonal strategy. - View all 5 replies
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Vertical Spread: Has not put in a new low, but broken a lower trend line I watch. Payoff on the short position is eminent, then short the JAN 21's.
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Vertical Spread: Bought back my X shorts yesterday. Paid 50 cents for the NOV 21's. Now thinking about reshorting on today's 4% rally.
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ArKeh: ... solar product portfolio, fuel cell and nuclear solutions etc. and growing scrap steel supply in developing countries
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Gloria Kessler: How much revenue do you think what you mention will generate for 2013?
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Mercy Jimenez
Now "official" reason 4 flash spike in NOV +other oilers yesterday; those fat fingers need 2 go to the gym: http://on.wsj.com/UjL9L7 - View all 4 replies
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Mercy Jimenez: OK here's some humor back at you 2 (in case U missed it last week when posted) E-Trade Baby Loses Everything http://bit.ly/PUkBBV
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neobliviscar: Now that's comedy... Can't believe no one has sent that to me before.
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Mercy Jimenez
NOV had a flash meltup @ 3:46 pm hitting $89.95 before dropping back to $82.76; guess the BOTs got a little excited. - View all 4 replies
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Dr. Kris: Sorry to say but there's no way any human can make money off of these spikes. The one to which you're referring took a total of 10 seconds. -
Dr. Kris: (My charting program lets me see charts on the tick (1/100 second) level.)