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Last $42.13 USD
Change Today -1.26 / -2.90%
Volume 5.0M
NOV On Other Exchanges
Symbol
Exchange
New York
Berlin
Mexico
As of 8:04 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

national oilwell varco inc (NOV) Snapshot

Open
$43.11
Previous Close
$43.39
Day High
$43.44
Day Low
$41.85
52 Week High
09/2/14 - $86.55
52 Week Low
07/28/15 - $40.30
Market Cap
16.3B
Average Volume 10 Days
5.4M
EPS TTM
$5.11
Shares Outstanding
387.9M
EX-Date
06/10/15
P/E TM
8.2x
Dividend
$1.84
Dividend Yield
4.37%
Current Stock Chart for NATIONAL OILWELL VARCO INC (NOV)

national oilwell varco inc (NOV) Related Businessweek News

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national oilwell varco inc (NOV) Details

National Oilwell Varco, Inc. designs, manufactures, and sells equipment and components used in oil and gas drilling, completion, and production; and provides oilfield services to the upstream oil and gas industry worldwide. The company’s Rig Systems segment offers land rigs; offshore drilling equipment packages; and drilling rig components. This segment provides substructures, derricks, and masts; cranes; pipe lifting, racking, rotating, and assembly systems; fluid transfer technologies, such as mud pumps; pressure control equipment, such as blowout preventers; power transmission systems, such as drives and generators; and rig instrumentation and control systems. Its Rig Aftermarket segment offers spare parts; and repair and rental services, as well as technical support, field and first well support, field engineering, and customer training services. The company’s Wellbore Technologies segment designs, manufactures, rents, and sells various equipment and technologies used to perform drilling operations. This segment also provides solids control and waste management equipment and services, drilling fluids, drill pipes, wired pipes, tubular inspection and coating services, instrumentation, downhole tools, and drill bits. Its Completion and Production Solutions segment offers equipment and technologies for hydraulic fracture stimulation, such as pressure pumping trucks and pumps, blenders, sanders, hydration units, injection units, flowlines, manifolds, and wellheads; well intervention, including coiled tubing units, coiled tubing, and wireline units and tools; offshore production, including composite pipe, process equipment, floating production systems, and subsea production technologies; and onshore production, including surface transfer and progressive cavity pumps, positive displacement reciprocating pumps, pressure vessels, and artificial lift systems. The company was founded in 1862 and is headquartered in Houston, Texas.

54,540 Employees
Last Reported Date: 02/17/15
Founded in 1862

national oilwell varco inc (NOV) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $871.2K
Interim Chief Financial Officer, Chief Accoun...
Total Annual Compensation: $286.6K
President of The Rig Systems and Rig Aftermar...
Total Annual Compensation: $482.7K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $413.8K
Compensation as of Fiscal Year 2014.

national oilwell varco inc (NOV) Key Developments

National Oilwell Varco, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Revenue Guidance for the Third Quarter of 2015

National Oilwell Varco, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company announced total revenue of $3,909 million compared to $5,255 million for the same period a year ago. Operating profit was $438 million compared to $913 million for the same period a year ago. Income before income taxes was $391 million compared to $893 million for the same period a year ago. Income from continuing operations was $286 million compared to $609 million for the same period a year ago. Net income was $286 million compared to $620 million for the same period a year ago. Net income attributable to company was $289 million compared to $619 million for the same period a year ago. Diluted income from continuing operations per share was $0.74 compared to $1.42 for the same period a year ago. Diluted net income attributable to company per share was $0.74 compared to $1.44 for the same period a year ago. EBITDA was $610 million compared to $1,109 million for the same period a year ago. EBITDA excluding other items was $627 million compared to $1,141 million for the same period a year ago. Total operating profit excluding other items was $455 million compared to $945 million for the same period a year ago. Excluding other items and non-recurring charges from all periods, second quarter net income was $301 million, or $0.77 per fully diluted share, compared to $1.14 in the first quarter of 2015 and $1.47 in the second quarter of 2014. For the quarter, the company generated $194 million in cash flow from operations and capital spending was $104 million, down 20% sequentially and 41% year-over-year. For the six months period, the company announced total revenue of $8,729 million compared to $10,144 million for the same period a year ago. Operating profit was $1,008 million compared to $1,712 million for the same period a year ago. Income before income taxes was $893 million compared to $1,680 million for the same period a year ago. Income from continuing operations was $599 million compared to $1,157 million for the same period a year ago. Net income was $599 million compared to $1,209 million for the same period a year ago. Net income attributable to company was $599 million compared to $1,208 million for the same period a year ago. Diluted income from continuing operations per share was $1.51 compared to $2.69 for the same period a year ago. Diluted net income attributable to company per share was $1.51 compared to $2.81 for the same period a year ago. EBITDA was $1,325 million compared to $2,113 million for the same period a year ago. EBITDA excluding other items was $1,464 million compared to $2,163 million for the same period a year ago. Total operating profit excluding other items was $1,147 million compared to $1,762 million for the same period a year ago. Net income excluding other items per share was $1.92 compared to $2.76 for the same period a year ago. Looking forward to third quarter of 2015, the company expects that tax rate to be a little higher in comparison to the second quarter 2015. The company believe revenues will be roughly flat with second quarter 2015 results. It expects revenue out of backlog to be in the range of $450 million.

National Oilwell Varco, Inc. to Shut Down its Local Operations by the End of 2015

National Oilwell Varco Inc. is shutting down its local operations by the end of 2015, affecting at least 150 employees. The company will close its Springfield site by the end of 2015, but declined to provide other details. The company filed a Worker Adjustment and Retraining Notification notice with the city of Springfield and state officials Tuesday, showing the move will affect about 150 workers. The notice filed with the city showed the company will permanently close its facility at 1895 W. Jefferson St., affecting all employees. It shows layoffs are expected to begin on Sept. 18 this year. All the layoffs will be complete by Dec. 18.

National Oilwell Varco, Inc. Declares Regular Quarterly Cash Dividend, Payable on June 26, 2015

National Oilwell Varco, Inc. announced that its Board of Directors declared the regular quarterly cash dividend of $0.46 per share of common stock, payable on June 26, 2015 to each stockholder of record on June 12, 2015.

 

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Industry Analysis

NOV

Industry Average

Valuation NOV Industry Range
Price/Earnings 9.2x
Price/Sales 0.8x
Price/Book 0.9x
Price/Cash Flow 8.6x
TEV/Sales 0.5x
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