Home Sectors Energy Stock Valuation: National Oilwell Varco (NYSE: NOV)

Stock Valuation: National Oilwell Varco (NYSE: NOV)

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National Oilwell Varco is part of the energy sector and is in the oil and gas services industry. The company CEO is Clay C. Williams. 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.

Previous Intraday Trading Performance:

The NOV stock showed a previous change of 1.69% with an open at 28.06 and a close of 28.83. It reached an intraday high of 28.89 and a low of 28.03.

SeekingAlpha:  National Oilwell Varco Has The Potential To Outgrow The Short-Term Weaknesses

Liquidity:

The stock has a market cap of $11.1b with 383.4m shares outstanding, of which the float is 381.4m shares. Trading volume reached 2,898,604 shares compared to its average volume of 3,979,219 shares. Based on the current average volume and close price, the trading liquidity is good.

Historical Trading Performance:

Over the last five trading days, National Oilwell Varco shares returned -4.54% and in the past 30 trading days it returned 11.87%. Over three months, it changed -15.42%. In one year it has changed -14.03% and within that year its 52-week high was 49.08 and its 52-week low was 24.27. NOV stock is 18.79% above its 52 Week Low.

Our calculations show a 200 day moving average of 38.56 and a 50 day moving average of 28.79. Currently NOV stock is trading -25.24% below its 200 day moving average and may not be a good opportunity to buy as it may continue to trend down.

SeekingAlpha:  National Oilwell Varco Has The Potential To Outgrow The Short-Term Weaknesses

Earnings:

The last annual fiscal EPS for the company was reported at -0.09 that ended on 31st of December 2018. Based on 13 analyst estimates, the consensus EPS for the next quarter is 0.08. The TTM EPS is -0.09, which comes to a TTM PE of -320.33.

The following are the last four quarter reported earnings per share:
12-31-2018:  0.03
09-30-2018:  0.00
06-30-2018:  0.06
03-31-2018:  -0.18

The dividend per share is currently 0.20, which is a dividend yield of 0.69%.

Base on our calculations, the intrinsic value per share is 13.61, which means it may be overvalued by -111.77%

Indicators to Watch:

Based on the latest filings, there is 0.50% of insider ownership and 131.80% of institutional ownership. Short-interest is 14,091,473, which is 3.68% of shares outstanding. The short-interest ratio or days-to-cover ratio is 2.86. This stock has some short interest, but it may be normal and no cause for concern if long the position.

The current calculated beta is 1.24

PR Newswire:  SAI Global to Acquire BWise from Nasdaq

Fundamental Indicators:

Based on last reported financials, the company’s return on assets is -0.15%, profit margin is -0.26%, price-to-sales is 1.29 and price-to-book is 0.78.

Company Scores:

All scores are out of six:
 0  :Valuation Score
 0  :Past Performance Score
 3  :Financial Strength Score
 4  :Future Growth Score
 0  :Dividend Score
 1  :Overall Score

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John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.