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NOV $18.86

NOV target price
18.86
0
30
National Oilwell Varco
Type
Public
Traded as NYSE: NOV
S&P 500 Component
Industry Oilfield Services & Equipment
Headquarters Houston, Texas, U.S.
Key people
Chief Executive Officer: Clay C. Williams
Products Oilfield Products & Services
Revenue Increase US$22.9 Billion (FY 2013)
Operating income
Increase US$3.4 Billion (FY 2013)
Net income
Increase US$2.3 Billion (FY 2013)
Total assets Increase US$31.484 Billion (FY 2012)
Total equity Increase US$20.239 Billion (FY 2012)
Number of employees
40,000 (2017)
Website http://www.nov.com/

National Oilwell Varco (NOV) is an American multinational corporation based in Greater Sharpstown, Houston, Texas. It is a leading worldwide provider of equipment and components used in oil and gas drilling and production operations, oilfield services, and supply chain integration services to the upstream oil and gas industry. The company conducts operations in more than 1,200 locations across six continents.

The Company's common stock is traded on the New York Stock Exchange under the symbol "NOV". The company operates through four reporting segments that were reorganized in 2014: Rig Systems, Rig Aftermarket, Completion and Production Solutions, and Wellbore Technologies.

Products include all the heavy hardware for oil well drilling as well as drilling instrumentation and controls and drilling power generation and control. A partial list of heavy hardware includes topdrives, rotarys, drawworks, derricks, BOPs (blowout preventers), mud pumps, riser equipment, and complete drilling rigs. Products also include instruments and controls required on the rig floor for the drilling operation. This includes sophisticated electronics for precise control, such as the control system Cyberbase. NOV also produces control electronics for power generation and control of drilling motors and motor control centers for AC motor control.

In 2008, the Houston Chronicle ranked National Oilwell Varco as the best company in Greater Houston. In 2007, the newspaper ranked National Oilwell Varco number 15.

NOV is the Houston area's largest energy employer, with more than 14,500 workers in the region, according to Houston Business Journal research.

National Oilwell's two main predecessors, Oilwell Supply and National Supply, were founded in 1862 and 1893, respectively. These two companies manufactured and distributed pumps and derricks. In 1930, United States Steel acquired Oilwell Supply. In 1958, Armco Steel merged with National Supply. In 1987, National Supply merged with USS Oilwell to become "National Oilwell". In 2000, National Oilwell merged with IRI International Corp., founded and managed by Hushang Ansary, which manufactures and sells drilling rigs and specialty steel products.

Varco was founded as Abegg and Reinhold Company by Walter Abegg and Baldwin Reinhold in 1908. "VARCO" is an acronym for: Vuilleumiere, Abegg and Reinhold Company after Edgar Vuilleumiere became a partner in 1915, and Varco International in 1973.

In 2005, National Oilwell and Varco merged to become National Oilwell Varco. In 2014, Clay Williams took over as CEO, succeeding former CEO Pete Miller, who served as NOV's CEO for nearly 13 years. Miller will become Executive Chairman of the National Oilwell Varco spinoff company, DistributionNow. The company employs nearly 64,000 people and has over 1,200 facilities across six continents worldwide. In February 2012 NOV acquired a Russian coring company Interval Ltd.

NOV branches.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q4 2022 2023-02-06 Future report Set alerts
Q3 2022 2022-10-27 0.08 0.08
Q2 2022 2022-07-27 0.18 0.18
Q1 2022 2022-04-28 -0.13 -0.13
Q4 2021 2022-02-03 -0.08 -0.08
Q3 2021 2021-10-26 -0.12 -0.12
Q2 2021 2021-07-27 -0.03 -0.03
Q1 2021 2021-04-27 -0.27 -0.27
Q4 2020 2021-02-04 -0.29 -0.29
Q3 2020 2020-10-26 0.02 0.02

Ratings

2016-07-11 Reiterated Rating Jefferies Group Hold $30.00 to $33.00
2016-07-05 Reiterated Rating Goldman Sachs Group Inc. Neutral
2016-06-15 Boost Price Target Howard Weil Sector Perform $32.00 to $37.00
2016-06-15 Reiterated Rating Scotiabank Sector Perform $32.00 to $37.00
2016-06-13 Reiterated Rating Bank of America Underperform
2016-06-13 Reiterated Rating Bank of America Corp. Underperform
2016-06-02 Reiterated Rating Credit Suisse Sell
2016-06-02 Reiterated Rating Credit Suisse Group AG Sell
2016-05-24 Reiterated Rating Jefferies Group Hold $27.00 to $30.00
2016-05-16 Reiterated Rating Argus Hold
2016-05-05 Lower Price Target FBR & Co. Outperform $55.00 to $44.00
2016-05-05 Lower Price Target FBR & Co Outperform $55.00 to $44.00
2016-05-04 Downgrade Societe Generale Hold to Sell $31.00
2016-05-01 Reiterated Rating KLR Group Buy $52.00
2016-04-29 Reiterated Rating Credit Suisse Sell $18.00
2016-04-29 Boost Price Target RBC Capital Sector Perform $30.00 to $35.00
2016-04-29 Boost Price Target Cowen and Company Market Perform $25.00 to $28.00
2016-04-29 Boost Price Target Royal Bank Of Canada Sector Perform $30.00 to $35.00
2016-04-27 Upgrade Morgan Stanley Underweight to Overweight $39.00 to $45.00
2016-04-20 Downgrade Barclays Overweight to Equal Weight $33.00
2016-04-20 Downgrade Barclays PLC Overweight to Equal Weight $33.00
2016-04-19 Boost Price Target Morgan Stanley Underweight $35.00 to $39.00
2016-04-12 Lower Price Target Goldman Sachs $31.00 to $29.00
2016-04-12 Lower Price Target RBC Capital Sector Perform $33.00 to $30.00
2016-04-12 Reiterated Rating Credit Suisse Sell
2016-04-12 Reiterated Rating Robert W. Baird Neutral $29.00 to $28.00
2016-04-12 Lower Price Target Goldman Sachs Group Inc. $31.00 to $29.00
2016-04-08 Initiated Coverage Nomura Neutral $29.00
2016-04-08 Initiated Coverage Nomura Holdings Inc. Neutral $29.00
2016-03-09 Boost Price Target Susquehanna Neutral $27.00 to $30.00
2016-02-05 Reiterated Rating Scotiabank Sector Perform $45.00 to $32.00
2016-02-04 Lower Price Target Susquehanna Neutral $35.00 to $28.00
2016-02-04 Lower Price Target Societe Generale Hold $35.00 to $27.00
2016-02-04 Lower Price Target Raymond James Outperform $37.00 to $31.00
2016-02-04 Lower Price Target JPMorgan Chase & Co. Neutral $35.00 to $32.00
2016-02-04 Lower Price Target Iberia Capital Sector Perform $35.00 to $25.00
2016-02-04 Lower Price Target Goldman Sachs Neutral $34.00 to $26.00
2016-02-04 Lower Price Target BMO Capital Markets Underperform $30.00 to $25.00
2016-02-04 Lower Price Target Citigroup Inc. Neutral $32.00 to $30.00
2016-02-04 Lower Price Target Barclays Overweight $44.00 to $33.00
2016-02-04 Lower Price Target Howard Weil Sector Perform $45.00 to $32.00
2016-02-04 Lower Price Target RBC Capital Sector Perform $35.00 to $29.00
2016-02-04 Lower Price Target Raymond James Financial Inc. Outperform $37.00 to $31.00
2016-01-25 Downgrade Tudor Pickering Accumulate to Hold
2016-01-21 Lower Price Target Robert W. Baird $39.00 to $34.00
2016-01-14 Lower Price Target Raymond James $42.00 to $37.00
2016-01-13 Lower Price Target Citigroup Inc. $34.00 to $32.00
2016-01-11 Initiated Coverage Oppenheimer Market Perform
2016-01-11 Initiated Coverage Oppenheimer Holdings Inc. Market Perform
2016-01-06 Reiterated Rating KLR Group Buy $52.00
2015-12-31 Reiterated Rating JPMorgan Chase & Co. Hold
2015-12-30 Reiterated Rating KeyBanc Overweight $50.00
2015-12-30 Reiterated Rating KeyCorp Overweight $50.00
2015-12-18 Lower Price Target RBC Capital Sector Perform $42.00 to $37.00
2015-12-18 Downgrade William Blair Outperform to Market Perform
2015-12-14 Reiterated Rating FBR & Co. Buy $55.00
2015-12-14 Initiated Coverage KLR Group Buy $52.00
2015-12-11 Upgrade Citigroup Inc. Sell to Neutral $34.00
2015-11-30 Upgrade Guggenheim Neutral to Buy $44.00
2015-11-02 Reiterated Rating Scotiabank Sector Perform $45.00 to $48.00
2015-11-02 Boost Price Target Howard Weil Sector Perform $45.00 to $48.00
2015-10-29 Lower Price Target Societe Generale Hold $40.00 to $39.00
2015-10-29 Lower Price Target Seaport Global Securities $49.00 to $40.00
2015-10-29 Lower Price Target JPMorgan Chase & Co. Neutral $39.00 to $37.00
2015-10-29 Lower Price Target Iberia Capital Sector Perform $40.00 to $35.00
2015-10-29 Lower Price Target Evercore ISI $37.00
2015-10-29 Lower Price Target Credit Suisse Underperform $33.00 to $29.00
2015-10-29 Lower Price Target BMO Capital Markets Underperform $39.00 to $35.00
2015-10-29 Lower Price Target Barclays Overweight $48.00 to $44.00
2015-10-15 Lower Price Target Societe Generale Hold $47.00 to $40.00
2015-10-14 Lower Price Target Robert W. Baird Neutral $48.00 to $42.00
2015-09-17 Lower Price Target Howard Weil $52.00 to $48.00
2015-09-16 Lower Price Target Susquehanna Neutral $48.00 to $40.00
2015-09-11 Lower Price Target Jefferies Group $44.00
2015-09-05 Reiterated Rating Credit Suisse Sell
2015-09-04 Reiterated Rating Credit Suisse Sell $39.00 to $33.00
2015-09-03 Lower Price Target HSBC Reduce $38.00 to $34.00
2015-08-26 Upgrade JPMorgan Chase & Co. Underweight to Neutral $40.00 to $39.00
2015-08-05 Downgrade Argus Buy to Hold $40.65 to $45.10
2015-07-31 Downgrade Bank of America Buy to Neutral $49.00
2015-07-30 Reiterated Rating FBR & Co. Outperform $63.00 to $55.00
2015-07-08 Reiterated Rating Citigroup Inc. Sell $45.00 to $41.00
2015-05-29 Initiated Coverage JPMorgan Chase & Co. Underweight $40.00
2015-05-11 Downgrade Citigroup Inc. Neutral to Sell $53.00 to $45.00
2015-04-29 Downgrade Sterne Agee CRT Underperform to Underweight $55.00 to $49.00
2015-04-29 Downgrade Evercore ISI Buy to Hold
2015-04-29 Downgrade Morgan Stanley Equal Weight to Underweight $53.00
2015-03-31 Downgrade Argus Buy $85.00 to $57.00
2015-03-17 Initiated Coverage GMP Securities Hold
2015-03-13 Downgrade Global Hunter Securities Neutral
2015-03-13 Downgrade Seaport Global Securities Neutral
2015-02-18 Initiated Coverage BMO Capital Markets Underperform $52.00
2015-02-06 Set Price Target Morgan Stanley Hold $53.00
2015-02-04 Reiterated Rating S&P Equity Research Hold
2015-02-04 Downgrade Global Hunter Securities Accumulate to Neutral $74.00 to $49.00
2015-02-04 Lower Price Target Howard Weil Sector Perform $67.00 to $52.00
2015-02-04 Downgrade Susquehanna Positive to Neutral
2015-02-04 Downgrade Sterne Agee CRT Buy to Neutral $69.00 to $55.00
2015-02-04 Lower Price Target RBC Capital Sector Perform $75.00 to $65.00
2015-02-04 Downgrade Seaport Global Securities Accumulate to Neutral $74.00 to $49.00
2015-02-02 Lower Price Target Jefferies Group Hold $73.00 to $59.00
2015-02-02 Downgrade Raymond James Strong-Buy to Outperform $70.00 to $61.00
2015-01-28 Downgrade Credit Suisse Neutral to Underperform $60.00 to $43.00
2015-01-26 Downgrade Guggenheim Buy to Neutral $80.00
2015-01-09 Lower Price Target Citigroup Inc. Neutral $76.00 to $62.00
2015-01-08 Initiated Coverage Barclays Overweight
2015-01-08 Initiated Coverage KeyBanc Buy
2015-01-06 Downgrade Societe Generale Buy to Hold
2014-12-23 Upgrade Global Hunter Securities Neutral to Accumulate $74.00
2014-12-23 Upgrade Seaport Global Securities Neutral to Accumulate $74.00
2014-12-16 Lower Price Target FBR & Co. Outperform $88.00 to $78.00
2014-11-24 Lower Price Target Credit Suisse Neutral $77.00 to $75.00
2014-11-21 Initiated Coverage Citigroup Inc. Neutral $76.00
2014-11-04 Reiterated FBR Capital Outperform $100 to $88
2014-11-04 Lower Price Target FBR & Co. Outperform $100.00 to $88.00
2014-11-03 Downgrade Cowen and Company Outperform to Market Perform $81.00 to $73.00
2014-11-03 Downgrade Credit Suisse Outperform to Neutral $95.00 to $77.00
2014-10-31 Reiterated Rating S&P Equity Research Hold
2014-10-31 Lower Price Target Howard Weil Sector Perform $85.00 to $80.00
2014-10-15 Initiated Coverage Evercore ISI Buy $95.00
2014-10-08 Downgrade HSBC Overweight to Neutral $87.16 to $80.00
2014-10-02 Upgrade Standpoint Research Hold to Buy $90.00
2014-10-02 Upgrade Raymond James Outperform to Strong-Buy
2014-09-24 Initiated Coverage Wells Fargo & Co. Market Perform
2014-09-24 Initiated Coverage Wells Fargo Market Perform
2014-08-19 Reiterated FBR Capital Outperform $92 to $100
2014-08-19 Boost Price Target FBR & Co. Outperform $92.00 to $100.00
2014-07-31 Boost Price Target Susquehanna $84.00 to $96.00
2014-07-31 Boost Price Target Global Hunter Securities $3.00 to $83.00
2014-07-31 Boost Price Target Morgan Stanley $88.00 to $90.00
2014-07-31 Boost Price Target Seaport Global Securities $3.00 to $83.00
2014-07-30 Boost Price Target Howard Weil Sector Perform $82.00 to $85.00
2014-07-30 Reiterated Rating Raymond James Outperform $95.00 to $98.00
2014-07-30 Downgrade Iberia Capital Outperform to Sector Perform $79.31 to $88.00
2014-07-30 Downgrade Jefferies Group Buy to Hold $95.00 to $91.00
2014-07-30 Boost Price Target Societe Generale $93.00 to $95.00
2014-07-24 Downgrade Standpoint Research Buy to Hold
2014-07-23 Downgrade Tudor Pickering Buy to Accumulate
2014-07-10 Boost Price Target Goldman Sachs $72.00 to $78.00
2014-06-25 Initiated Gabelli & Co Buy $122
2014-06-25 Initiated Coverage Gabelli Buy $122.00
2014-06-18 Reiterated Rating JPMorgan Chase & Co. Overweight $94.00 to $87.00
2014-06-12 Upgrade Societe Generale Hold to Buy
2014-06-05 Reiterated Rating Raymond James Outperform $90.00 to $85.00
2014-06-05 Initiated Coverage Credit Suisse Outperform $90.00
2014-06-04 Lower Price Target Susquehanna $90.00 to $85.00
2014-06-02 Lower Price Target Howard Weil Sector Perform $90.00 to $82.00
2014-05-30 Reiterated Rating JPMorgan Chase & Co. Overweight $97.00 to $94.00
2014-04-29 Reiterated Rating Citigroup Inc. Buy $96.00
2014-04-29 Downgrade Global Hunter Securities Buy to Neutral $90.00 to $80.00
2014-04-29 Boost Price Target Societe Generale $84.00 to $85.00
2014-04-29 Downgrade Seaport Global Securities Buy to Neutral $90.00 to $80.00
2014-04-15 Reiterated Rating Bank of America Buy $93.00 to $85.00
2014-04-04 Upgrade Standpoint Research Hold to Buy $95.00
2014-03-17 Downgrade Goldman Sachs Buy to Neutral
2014-03-13 Downgrade Evercore ISI Buy to Neutral
2014-02-05 Lower Price Target FBR & Co. Outperform $100.00 to $92.00
2014-02-04 Boost Price Target Societe Generale $82.00 to $84.00
2014-02-03 Reiterated Rating Morgan Stanley Equal Weight $88.00
2014-02-03 Boost Price Target Citigroup Inc. $95.00 to $101.00
2014-01-31 Lower Price Target JPMorgan Chase & Co. $101.00 to $97.00
2014-01-16 Reiterated Rating Societe Generale Hold $85.00 to $82.00
2014-01-08 Downgrade RBC Capital Outperform to Sector Perform $86.00
2014-01-07 Lower Price Target Cowen and Company Outperform $103.00 to $94.00
2013-12-17 Lower Price Target Susquehanna Positive $96.00 to $95.00
2013-12-17 Boost Price Target Barclays Overweight $93.00 to $102.00
2013-12-06 Initiated Coverage FBR & Co. Outperform
2013-10-28 Boost Price Target Susquehanna Positive $82.00 to $96.00
2013-10-28 Boost Price Target Raymond James Outperform $88.00 to $90.00
2013-10-28 Boost Price Target JPMorgan Chase & Co. Overweight $97.00 to $101.00
2013-10-28 Boost Price Target Howard Weil Sector Perform $85.00 to $90.00
2013-10-28 Boost Price Target Guggenheim Buy $90.00 to $95.00
2013-10-28 Boost Price Target Global Hunter Securities Buy $90.00 to $92.00
2013-10-28 Boost Price Target Jefferies Group Buy $91.00 to $95.00
2013-10-28 Reiterated Rating Societe Generale Hold $80.00
2013-10-28 Reiterated Rating Robert W. Baird Hold $82.00
2013-10-28 Boost Price Target Sterne Agee CRT Buy to Outperform $89.00 to $103.00
2013-10-28 Boost Price Target Cowen and Company Outperform $89.00 to $103.00
2013-10-17 Boost Price Target Societe Generale Hold $77.00 to $80.00
2013-10-14 Initiated Coverage Robert W. Baird Neutral $82.00
2013-10-07 Initiated Coverage Clarkson Capital Outperform
2013-09-25 Reiterated Rating Jefferies Group Buy $91.00
2013-09-25 Boost Price Target Raymond James Outperform $85.00 to $88.00
2013-09-25 Boost Price Target Guggenheim Buy $85.00 to $90.00
2013-09-16 Boost Price Target Jefferies Group Buy $84.00 to $91.00
2013-09-09 Downgrade Standpoint Research Buy to Hold
2012-07-26 Downgrade Standpoint Research Buy to Hold
2012-07-13 Reiterated RBC Capital Mkts Outperform $71 to $75
2016-07-11 Reiterated Rating Jefferies Group Hold $30.00 to $33.00
2016-07-05 Reiterated Rating Goldman Sachs Group Inc. Neutral
2016-06-15 Boost Price Target Howard Weil Sector Perform $32.00 to $37.00
2016-06-15 Reiterated Rating Scotiabank Sector Perform $32.00 to $37.00
2016-06-13 Reiterated Rating Bank of America Underperform

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
MILLER MERRILL A JR President and CEO 0.11%  (460704) CHK / DNOW / NOV / RIG /
WILLIAMS CLAY C Exec. Vice President and CFO 0.08%  (346526) BHE / NOV /
Bayardo Jose A Sr. Vice President and CFO 0.03%  (139399) CLR / NOV /
GUILL BEN A 0.02%  (82939) CQP / NOV /
MATTSON ERIC L 0.02%  (67717) HEP / NOV / REXX /
Rovig Joseph W See Remarks 0.01%  (61991) NOV /
JARVIS ROGER L 0.01%  (53051) NOV /
Weinstock Craig L. Sr. VP. & Gen. Counsel 0.01%  (51372) NOV /
HARRISON DAVID D 0.01%  (50895) NOV /
ARMSTRONG GREG L 0.01%  (49703) NOV / PAA / PAGP /
RETTIG DWIGHT W Sr. Vice Pres. & Gen. Counsel 0.01%  (48978) NOV /
BEAUCHAMP ROBERT E 0.01%  (48864) NOV / RTN /
SMISEK JEFFERY A 0.01%  (45804) NOV / UAL /
Duff Scott K. VP Cntrlr Chf Acctg Offcr 0.01%  (35328) NOV /
REESE MARK A Group President 0.01%  (35100) NOV /
BLANCHARD ROBERT W VP Cntrlr Chf Acctg Offcr 0.01%  (29722) NOV /
THIGPEN JEREMY D Sr. Vice President and CFO 0.01%  (25334) NOV / RIG /