Shares of National Oilwell Varco, Inc. (NYSE:NOV) recorded 1.35% gain during trading session on May 15th, 2019. The script traded as low as $23.85 and last traded at $24.71. 3.37 million shares changed exchanged hands during trading, an increase of 14.95% from the 30-day average session volume of 3.96M shares. The firm had previously closed at $24.38. The company has $389.18M outstanding shares, price-to-earnings-growth ratio of 1.12and a beta of 1.20. The company has a RSI of 40.54, ATR of 1.04 and a volatility of 3.38% this week. NOV has a 52 week low price of $23.42 and a 52 week high price of $49.08.
Investors have identified the tech company National Oilwell Varco, Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around 9.62B, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
National Oilwell Varco, Inc. (NOV) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For NOV, the company has in raw cash 1.27 billion on their books with 679 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on a decline. In terms of their assets, the company currently has 0 total, with 4 million as their total liabilities. This figure have given the company a good sense of viability under numerous contexts.
NOV were able to record 81 million as free cash flow during the recently reported quarter of the year, this saw their quarterly net cash flow reduce by 157 million. In cash movements, the company had a total of 38 million as operating cash flow.
Potential earnings growth for National Oilwell Varco, Inc. (NOV)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, National Oilwell Varco, Inc. recorded a total of 1.94 billion in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 0.07% coming in sequential stages and their sales for the third quarter reducing by -0.24%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 1.68 billion trying to sell their products during the last quarter, with the result yielding a gross income of 256 million. This allows shareholders to hold on to 389.18M with the revenue now reading -200 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter (0.00 cents a share).
Is the stock of NOV attractive?
Having a look at the company’s valuation, the company is expected to record 0.55 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on NOV sounds very interesting.
In related news, VP Cntrlr Chf Acctg Offcr Duff Scott K. sold 15,125 shares of the company’s stock in a transaction that recorded on February 28th, 2019. The sale was performed at an average price of 28.02, for a total value of 423,784. As the sale deal closes, the Director Duff Scott K. now sold 5,828 shares of the company’s stock, valued at 265,797. Also, Director MATTSON ERIC L sold 5,284 shares of the company’s stock in a deal that was recorded on August 24th, 2019. The shares were sold at an average price of 45.06 per share, with a total market value of 66,862. Following this completion of acquisition, the Director now holds 4,338 shares of the company’s stock, valued at 198,020. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.20%.
4 out of 29 analysts covering the stock have rated it a Buy, while 15 have maintained a Hold recommendation on National Oilwell Varco, Inc. stock. 1 analysts has assigned a Sell rating on the NOV stock. The 12-month mean consensus price target for the company’s shares has been set at $29.68.