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National Oilwell Varco, Inc is an oil & gas equipment & services business based in the US. National Oilwell Varco shares (NOV) are listed on the NYSE and all prices are listed in US Dollars. National Oilwell Varco employs 33,810 staff and has a trailing 12-month revenue of around USD$7.8 billion.
Since the stock market crash in March caused by coronavirus, National Oilwell Varco's share price has had significant negative movement.
Its last market close was USD$12.04, which is 48.13% down on its pre-crash value of USD$23.21 and 50.50% up on the lowest point reached during the March crash when the shares fell as low as USD$8.
If you had bought USD$1,000 worth of National Oilwell Varco shares at the start of February 2020, those shares would have been worth USD$467.22 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth USD$576.96.
|Latest market close||USD$12.04|
|52-week range||USD$8 - USD$25.81|
|50-day moving average||USD$10.2706|
|200-day moving average||USD$11.7169|
|Wall St. target price||USD$12.91|
|Dividend yield||USD$0.2 (1.54%)|
|Earnings per share (TTM)||USD$-14.35|
The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
|1 week (2020-11-18)||0.84%|
|1 month (2020-10-26)||34.83%|
|3 months (2020-08-25)||-0.41%|
|6 months (2020-05-22)||-0.41%|
|1 year (2019-11-25)||-46.73%|
|2 years (2018-11-23)||-61.92%|
|3 years (2017-11-24)||-62.20%|
|5 years (2015-11-25)||-68.38%|
Valuing National Oilwell Varco stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of National Oilwell Varco's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
National Oilwell Varco's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$175 million.
The EBITDA is a measure of a National Oilwell Varco's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||USD$7.8 billion|
|Gross profit TTM||USD$845 million|
|Return on assets TTM||-1.08%|
|Return on equity TTM||-39.52%|
|Market capitalisation||USD$3.3 billion|
TTM: trailing 12 months
There are currently 16.8 million National Oilwell Varco shares held short by investors – that's known as National Oilwell Varco's "short interest". This figure is 17.7% up from 14.3 million last month.
There are a few different ways that this level of interest in shorting National Oilwell Varco shares can be evaluated.
National Oilwell Varco's "short interest ratio" (SIR) is the quantity of National Oilwell Varco shares currently shorted divided by the average quantity of National Oilwell Varco shares traded daily (recently around 5.5 million). National Oilwell Varco's SIR currently stands at 3.07. In other words for every 100,000 National Oilwell Varco shares traded daily on the market, roughly 3070 shares are currently held short.
However National Oilwell Varco's short interest can also be evaluated against the total number of National Oilwell Varco shares, or, against the total number of tradable National Oilwell Varco shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case National Oilwell Varco's short interest could be expressed as 0.04% of the outstanding shares (for every 100,000 National Oilwell Varco shares in existence, roughly 40 shares are currently held short) or 0.0436% of the tradable shares (for every 100,000 tradable National Oilwell Varco shares, roughly 44 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against National Oilwell Varco.
Find out more about how you can short National Oilwell Varco stock.
Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like National Oilwell Varco.
When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.
Total ESG risk: 38.8
Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and National Oilwell Varco's overall score of 38.8 (as at 10/01/2020) is pretty weak – landing it in it in the 80th percentile of companies rated in the same sector.
ESG scores are increasingly used to estimate the level of risk a company like National Oilwell Varco is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).
Environmental score: 20.61/100
National Oilwell Varco's environmental score of 20.61 puts it squarely in the 8th percentile of companies rated in the same sector. This could suggest that National Oilwell Varco is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.
Social score: 19.23/100
National Oilwell Varco's social score of 19.23 puts it squarely in the 8th percentile of companies rated in the same sector. This could suggest that National Oilwell Varco is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.
Governance score: 13.96/100
National Oilwell Varco's governance score puts it squarely in the 8th percentile of companies rated in the same sector. That could suggest that National Oilwell Varco is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.
Controversy score: 1/5
ESG scores also evaluate any incidences of controversy that a company has been involved in. National Oilwell Varco scored a 1 out of 5 for controversy – the highest score possible, reflecting that National Oilwell Varco has managed to keep its nose clean.
|Total ESG score||38.8|
|Total ESG percentile||79.7|
|Environmental score percentile||8|
|Social score percentile||8|
|Governance score percentile||8|
|Level of controversy||1|
Dividend payout ratio: 25% of net profits
Recently National Oilwell Varco has paid out, on average, around 25% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.54% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), National Oilwell Varco shareholders could enjoy a 1.54% return on their shares, in the form of dividend payments. In National Oilwell Varco's case, that would currently equate to about $0.2 per share.
While National Oilwell Varco's payout ratio might seem fairly standard, it's worth remembering that National Oilwell Varco may be investing much of the rest of its net profits in future growth.
National Oilwell Varco's most recent dividend payout was on 27 March 2020. The latest dividend was paid out to all shareholders who bought their shares by 12 March 2020 (the "ex-dividend date").
National Oilwell Varco's shares were split on a 1109:1000 basis on 2 June 2014. So if you had owned 1000 shares the day before before the split, the next day you'd have owned 1109 shares. This wouldn't directly have changed the overall worth of your National Oilwell Varco shares – just the quantity. However, indirectly, the new 9.8% lower share price could have impacted the market appetite for National Oilwell Varco shares which in turn could have impacted National Oilwell Varco's share price.
Over the last 12 months, National Oilwell Varco's shares have ranged in value from as little as $8 up to $25.81. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while National Oilwell Varco's is 1.8919. This would suggest that National Oilwell Varco's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).
National Oilwell Varco, Inc. designs, constructs, manufactures, and sells systems, components, and products for oil and gas drilling and production worldwide. It operates through three segments: Wellbore Technologies, Completion & Production Solutions, and Rig Technologies. The company offers various equipment and technologies used to perform drilling operations. It also provides solids control and waste management equipment and services; drilling fluids; portable power generation products; drill and wired pipes; drilling optimization and automation services; tubular inspection, repair, and coating services; instrumentation, and measuring and monitoring services; downhole and fishing tools; steerable technologies; and drill bits. The company offers equipment and technologies for hydraulic fracture stimulation, including pressure pumping trucks, blenders, sanders, hydration units, injection units, flowline, and manifolds; well intervention, such as coiled tubing units, coiled tubing, and wireline units, as well as blowout preventers and tools; onshore production comprising fluid processing systems, composite pipes, surface transfer and progressive cavity pumps, and artificial lift systems; offshore production that include fluid processing systems, floating production systems, and subsea production technologies; and connectors for conductor pipes. It also provides substructures, derricks, and masts; cranes; jacking systems; pipe lifting, racking, rotating, and assembly systems; mud pumps; blowout preventers; drives and generators; rig instrumentation and control systems; equipment components for offshore wind construction vessels; mooring, anchor, and deck handling machinery; and pipelay and construction systems. The company offers spare parts, repair, and rentals, as well as remote equipment monitoring, technical support, field service, and customer training services. National Oilwell Varco, Inc. was founded in 1862 and is based in Houston, Texas.
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