Seeking Alpha

National Oilwell Varco, Inc. (NOV)

  • Feb. 1, 2013, 8:26 AM
    More on National Oilwell Varco's (NOVQ4 results: Year-end backlog for capital equipment orders was a record $11.86B, up 2% Q/Q. New orders during the quarter were $2.42B, reflecting continued demand for oilfield equipment. Largest revenue gain was in the rig technology segment, up 14% Y/Y. Operating margin up 13% Y/Y, up 6% Q/Q. Shares flat premarket.
    | 1 Comment
  • Feb. 1, 2013, 7:02 AM
    National Oilwell Varco (NOV): Q4 EPS of $1.49 beats by $0.05. Revenue of $5.69B beats by $0.38B. (PR)
    | Comment!
  • Feb. 1, 2013, 12:05 AM
    Notable earnings before Friday’s open: AON, BEAM, BEN, BPO, CVX, HCLP, IR, LM, LYB, MAT, MRK, NOV, NS, NWL, PRGO, TSN, WETF, XOM
    | Comment!
  • Jan. 31, 2013, 5:30 PM
    Notable earnings before Friday’s open: AON, BEAM, BEN, BPO, CVX, HCLP, IR, LM, LYB, MAT, MRK, NOV, NS, NWL, PRGO, TSN, WETF, XOM
    | Comment!
  • Jan. 25, 2013, 12:14 PM
    National Oilwell Varco (NOV +0.6%) is downgraded to Buy from Strong Buy with an $83 price target, down from $105, at ISI Oil Services, which cites the maturing newbuild cycle as being behind a slowing down in NOV's forecast performance. The firm bases its lower price on 11.5x its revised 2014 EPS estimate.
    | Comment!
  • Jan. 8, 2013, 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.
  • Jan. 3, 2013, 2:48 PM
    Morningstar recognizes National Oilwell Varco's (NOV) Pete Miller as its 2012 CEO of the Year, praising his "stellar job at capital allocation, identifying major industry trends, investing billions in capital ahead of the shifts, and then executing brilliantly on deals." Miller "pulled off without a hitch" an acquisition-heavy strategy that carries the risk of operational miscues in an industry where reliability is prized.
  • Dec. 24, 2012, 8:18 AM
    Robbins & Myers (RBN) reports FQ1 EPS of $0.76 vs. $0.77 in the same period last year, and $257M in sales, up 9% Y/Y. Also, RBN and National Oilwell Varco (NOV) agree to provide at least 30 days notice to the Justice Department prior to consummating NOV's proposed $60/share takeover.
    | Comment!
  • Dec. 12, 2012, 10:29 AM
    Among energy companies tracked by 24/7, the sharpest increases in short interest came in top pipeline MLPs Kinder Morgan (KMP) and Enterprise (EPD). With the pipeline partnerships’ business model a proven winner, the increase in short interest looks like a bet against the pipeline companies based on debt levels and shrinking cash flows as demand slackens.
  • Dec. 7, 2012, 5:56 PM
    Antitrust reviews by U.S. and Canadian officials on Robbins & Myers' (RBN) planned $2.5B acquisition by National Oilwell Varco (NOV) have been extended, pushing the deal’s proposed closing date into 2013. The moves are not a big surprise; RBN -0.2%, NOV -0.3% AH.
    | Comment!
  • Dec. 4, 2012, 8:13 AM
    An investigation by shipyard owner SembCorp Marine finds a braking system failure on one of the movable legs was the cause of Monday’s jack-up tilt that injured 89 workers. The rig involved in the incident was identified as the Noble 1 by contractor National Oilwell Varco (NOV), which had workers on board at the time.
    | Comment!
  • Nov. 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!
  • Nov. 15, 2012, 9:22 AM
    National Oilwell Varco, Inc. (NOV) declares $0.13/share quarterly dividend, 8.3% increase from prior dividend of $0.12. Forward yield 0.73%. For shareholders of record Dec. 7. Payable Dec. 21. Ex-div Dec. 5. (PR)
    | 1 Comment
  • Nov. 14, 2012, 8:16 PM
    Warren Buffett's Berkshire Hathaway discloses several changes to its portfolio, including a stake in Deere & Co. (DE) and selling off 5.3M shares of CVS Caremark (CVS). Firm also added to its existing investments in: Wells Fargo (WFC), Bank of New York Mellon Corp. (BK), General Motors (GM), DirecTV (DTV), DaVita (DVA), National Oilwell Varco (NOV) and Viacom (VIAB). It reduced stakes in: Johnson & Johnson (JNJ), Kraft Foods (KRFT), Lee Enterprises (LEE), Procter & Gamble (PG) and US Bancorp (USB). (13-F)
  • Nov. 2, 2012, 10:58 AM
    T. Boone Pickens sees natural gas prices rising to $4.50 or $5 in the next year and perhaps $6 by 2015, and suggests two energy favorites: National Oilwell Varco (NOV), due to its huge shale opportunity for development with support remaining for oil domestically and internationally, and Pioneer Natural Resources (PXD), pointing to its 900K acres of assets, particularly in the Permian basin.
  • Oct. 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.
Visit Seeking Alpha's
NOV vs. ETF Alternatives
Company Description
National Oilwell Varco Inc is a provider in the design, manufacture and sale of equipment and components used in oil and gas drilling, completion and production operations, and the provision of oilfield services to the upstream oil and gas industry.