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Last $41.36 USD
Change Today +2.33 / 5.97%
Volume 8.6M
NOV On Other Exchanges
Symbol
Exchange
New York
Berlin
Mexico
As of 8:04 PM 08/27/15 All times are local (Market data is delayed by at least 15 minutes).

national oilwell varco inc (NOV) Snapshot

Open
$39.96
Previous Close
$39.03
Day High
$41.43
Day Low
$39.96
52 Week High
09/2/14 - $86.55
52 Week Low
08/24/15 - $34.54
Market Cap
15.9B
Average Volume 10 Days
7.9M
EPS TTM
$5.08
Shares Outstanding
383.8M
EX-Date
09/9/15
P/E TM
8.1x
Dividend
$1.84
Dividend Yield
4.45%
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. Declares Regular Quarterly Cash Dividend, Payable on September 25, 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 September 25, 2015 to each stockholder of record on September 11, 2015.

National Oilwell Varco Inc. to Close Willis Facility and to Cut 150 Jobs

National Oilwell Varco Inc. will close its Willis facility, affecting 150 jobs. The affected facility is at 10586 Highway 75 North, the former headquarters location of Robbins & Myers Inc. The facility will close by the end of February, and jobs will be cut in phases, NOV told the Texas Workforce Commission in a Workforce Adjustment and Retraining Notification Act letter. The first phase began July 27, 2015. Other phases of job cuts will occur in the second half of August, the first half of September, the second half of January and the second half of February. All employees have been notified of their separation dates and that the job cuts will be permanent.

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.

 

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Industry Analysis

NOV

Industry Average

Valuation NOV Industry Range
Price/Earnings 8.5x
Price/Sales 0.8x
Price/Book 0.8x
Price/Cash Flow 7.9x
TEV/Sales 0.4x
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