StocktonCA
4 años hace
for all you naked shorters!! they are coming for you!! when they catch you, they will seize assets/capital you have stolen through selling counterfeit stock. NSA has it all, every bank transaction, every email sent, every phone call, and every text from oct 2001, until present day. you can run, but you can't hide.
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ogbull
9 años hace
Notes 2/3/2016... National Oilwell Varco:
This is 2 year buy and hold.
Other oil service companies, especially drillers and well head service companies, have large fleets of equipment that need to be maintained. By contrast, NOV is in the business of manufacturing that equipment. So the company has little equipment maintenance. This is a big advantage during tough times.
The company has a large build of inventory that has eaten into the company's cash so far this year. It can still generate enough cash to more than cover its capital spending and its dividend. With $1.85 billion in cash on the balance sheet, there is more than enough to cover and cash shortfall.
NOV still has a pretty healthy balance sheet. It has repurchased $3 billion worth of the company's stock over the last year.
Dividend: http://www.nasdaq.com/symbol/nov/dividend-history
__________________________________________________________
52-Week High (Apr 15, 2015): 56.64
52-Week Low (Feb 3, 2016): 26.10
50-Day Moving Average: 31.88
200-Day Moving Average: 37.20
Book Value Per Share (mrq): 48.24
Total Cash (mrq): 1.85B
PEG Ratio (5 yr expected)1: -1.00 ****The lower the PEG ratio, the more the stock may be undervalued given its earnings performance.
Market Cap (intraday): 10.61B
Enterprise Value (Feb 4, 2016): 12.66B
Trailing P/E (ttm, intraday): 8.34
Forward P/E (fye Dec 31, 2016)1: 19.07
_________________________________________________
While the oil market struggles, NOV has delivered the follow:
Gross Profit (ttm): 5.81B
Revenue (ttm): 17.74B
Revenue Per Share (ttm): 44.25
Return on Assets (ttm): 4.53%
Return on Equity (ttm): 6.79%
Profit Margin (ttm): 7.60%
Operating Margin (ttm): 13.04%
Company Profile
National Oilwell Varco, Inc. provides equipment and components that are 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 operates through the following segments: Rig Systems, Rig Aftermarket, Wellbore Technologies, Completion and Production Solutions. The Rig Systems segment designs, manufactures and sells land rigs, offshore drilling equipment packages, including installation and commissioning services, and drilling rig components that mechanize and automate the drilling process and rig functionality. The Rig Aftermarket segment provides spare parts, repair, and rentals as well as technical support, field service and first well support, field engineering, and customer training through a network of aftermarket service and repair facilities strategically located in major areas of drilling operations. The Wellbore Technologies segment designs, manufactures, rents, and sells a variety of equipment and technologies used to perform drilling operations, and offers services that optimize their performance. The Completion and Production Solutions segment integrates technologies for well completions and oil and gas production. National Oilwell Varco was founded in 1841 and is headquartered in Houston, TX.
ogbull
9 años hace
NOV WANT TO AQUIRE MORE ASSETS TO GROW INCOME!
HOUSTON — National Oilwell Varco said Tuesday it expects to continue making acquisitions amid low oil prices that have strained profits in the oil service and equipment industry.
Chairman and CEO Clay Williams didn’t specify which companies NOV had in its sights, but said it was in talks with several rivals and would be interested in expanding any of its major businesses, which include a broad spectrum of oil equipment manufacturing and repair.
“Generally in a cyclical downturn, our view is that it becomes a buyer’s market,” Williams said. “We’ve had three (deals) closed so far this year, and we’ve got another half-dozen letters of intent along with some larger transactions that we’ve reached out to some companies to explore.”
The Houston-based oil equipment fabricator said it’s casting such a wide net in order to find deals it can push through.
“It can be a challenging market to get deals done, because most companies don’t particularly want to sell at the bottom,” Williams said. “The way we’ve adjusted our strategy is to increase the number of conversations we’re having.”
Executives at NOV said they’d boosted their revolving credit line to $4.5 billion during the second quarter in order to fund acquisitions. Williams also hinted that the company may dial back its share repurchases in favor of buying other companies after it completes the final $300 million of a $3 billion share repurchase program NOV began in September 2014.
NOV and the entire oil service sector have seen some of their business dry up recently as producers have cut back on drilling due to lower crude oil prices.
“Almost all of our business units posted lower sequential sales due to lower oil prices and lower activity around the globe, with only a few areas like Argentina and the Middle East bucking a trend, ” Williams said. “We also felt the full-quarter effect of customer discounts implemented during the first quarter.”
NOV reported Tuesday second-quarter net income of $286 million, down from $620 million in the second quarter of 2014. Revenues in the second quarter of 2015 were $3.91 billion, down 19 percent from the first quarter and down 26 percent from the second quarter of 2014. The company reported a $17 million, pre-tax charge for layoffs and facilities closure.
NOV said its backlog for capital equipment orders for drilling rigs fell to $9.03 billion, down 13 percent from the first quarter of 2015 and 41 percent from the end of the second quarter of last year. The company saw $313 million in new orders during the quarter.
NOV’s business in maintenance and oil field repairs was also hit hard, executives said, as drillers have used parts off of idled rigs to save money on repairs. NOV said it expects orders to pick up as oilfield service companies gradually exhaust their inventories of parts and are forced to order new ones.
“We believe spending levels are not sustainable,” Williams said. But a recovery may not be right around the corner, he added: “Customers living hand to mouth aren’t sure if a particular unit will ever get another job and sure don’t want to put cash into equipment.”
Shares of National Oilwell Varco gained $1.28 or 3.1 percent to $42.93 on Tuesday. The company’s shares have lost about 34.5 percent so far in 2015 and about 47.5 percent over the past 12 months.
Categories: Crude oil
Tags: National Oilwell Varco | NOV
Timothy Smith
11 años hace
$NOV - Quarterly Snapshot
For the quarter, the company reported earnings of $531 million, or $1.24 per share, up from $502 million, or $1.17 a share sequentially from the first quarter of this year.
Backing out $57 million in pre-tax transactions charges, however, boosted the most recent quarter's per-share number to $1.33, in line with analysts' consensus expectations.
Revenues for the quarter were $5.60 billion, up 6% sequentially and 18% year over year.
Timothy Smith
12 años hace
$NOV - If you like Benjamin Graham ideas here are a few to consider.
i. National Oilwell Varco operates as an oilfield equipment and services company. National Oilwell Varco provides equipment used for both onshore and offshore drilling. National Oilwell Varco also provides assembly and maintenance services for oilfield equipment.
ii. Graham's conditions for being a conservatively financed company are just that, conservative. When applying how stringent Grahams parameters are, only a small hand full of companies are picked. The point of this is to ensure that the company we add to our portfolio has enough assets to avoid bankruptcy if the economy turns south.
In an attempt to simplify and save time we are going to look at total assets vs. liabilities. We are looking for at least twice as many assets as liabilities or 200%. As of the first quarter 2013 National Oilwell Varco has $33,556,000,000 in assets and $13,007,000,000 in liabilities. The assets are 258% of liabilities.
iii. Graham wanted to see at least 20 years of paying consecutive dividends. National Oilwell Varco has been consecutively paying a dividend since late 2009. Currently they have a payout ratio of 9%.
iv. A P/E of 20 at the current EPS of $5.58 is $111.60 a share.
http://seekingalpha.com/article/1440811-benjamin-graham-s-rules-for-the-common-stock-component-national-oilwell-varco
eastunder
12 años hace
National Oilwell Varco Announces Fourth Quarter and Full Year 2012 Earnings
Friday , February 01, 2013 07:00ET
HOUSTON--(BUSINESS WIRE)-- National Oilwell Varco, Inc. (NYSE: NOV) today reported that for the fourth quarter ended December 31, 2012 it earned net income of $668 million, or $1.56 per fully diluted share. Earnings improved nine percent compared to the third quarter of 2012, and improved 16 percent compared to the fourth quarter of 2011. Excluding $51 million in pre-tax transaction charges and a net $69 million tax benefit related to certain U.S. foreign tax credits in the fourth quarter of 2012, net income was $638 million, or $1.49 per fully diluted share, down two percent from the third quarter of 2012, and up nine percent from the fourth quarter of 2011, excluding transaction charges from all periods. The net $69 million tax benefit resulted from a strategic reorganization of certain foreign operations to more fully integrate recently acquired business groups.
Revenues reported for the full year 2012 were $20.04 billion, and net income was $2.49 billion, or $5.83 per fully diluted share. Operating profit for the full year 2012 was $3.55 billion. Excluding $143 million in pre-tax transaction charges and a net $69 million tax benefit related to certain U.S. foreign tax credits in 2012, net income was $2.52 billion, or $5.91 per fully diluted share, and operating profit was $3.69 billion or 18.4 percent of sales, for the full year 2012. Earnings per share increased 24 percent from 2011, excluding transaction charges and unusual tax benefits from both periods.
Revenues for the fourth quarter increased seven percent sequentially to $5.69 billion. Operating profit for the fourth quarter, excluding transaction charges, was $954 million or 16.8 percent of sales, up one percent from the third quarter of 2012. Operating profit flow-through, or the change in operating profit divided by the change in revenue, was two percent from the third quarter of 2012 to the fourth quarter of 2012, and was seven percent from the fourth quarter of 2011 to the fourth quarter of 2012, excluding transaction charges from all periods.
Backlog for capital equipment orders for the Company's Rig Technology segment at December 31, 2012 was a record at $11.86 billion, up two percent from the third quarter of 2012. New orders during the quarter were $2.42 billion, reflecting continued good demand for oilfield equipment.
Pete Miller, Chairman and CEO of National Oilwell Varco, remarked, "The fourth quarter marked a strong finish to a record-breaking year. For the year, the Company's continued investments in technology, product and service line extensions, facilities and machines, and our people, enabled us to better support our customers and establish new benchmarks in revenues, net income and ending backlog. I would like to thank all of our dedicated employees for their hard work and outstanding execution this year.
As we enter 2013, we recognize that there are some near-term headwinds facing us in the North American land market. However, we are excited to be entering the year with strong financial resources, a solid backlog, a well-constructed and balanced business, and an experienced and capable group at NOV that remains committed to delivering the highest quality of products and services to our customers. We also enter the year with the firm belief that the oil and gas industry will continue to upgrade the world's aging rig fleet, while simultaneously building out both a deepwater and a worldwide shale infrastructure that are still in the early stages of development, and we look forward to playing a leadership role in those efforts."
Rig Technology
Fourth quarter revenues for the Rig Technology segment were $2.90 billion, an increase of 14 percent from the third quarter of 2012 and an increase of 25 percent from the fourth quarter of 2011. Operating profit for this segment was $648 million, or 22.4 percent of sales, an increase of six percent from the third quarter of 2012 and an increase of seven percent from the fourth quarter of 2011. Sequential operating profit flow-through was 11 percent. Year-over-year operating profit flow-through was eight percent. Revenue out of backlog for the segment increased 16 percent sequentially and increased 25 percent year-over-year, to $2.21 billion for the fourth quarter of 2012.
Petroleum Services & Supplies
Revenues for the fourth quarter of 2012 for the Petroleum Services & Supplies segment were $1.77 billion, up three percent compared to third quarter 2012 results and up 13 percent compared to fourth quarter 2011 results. Operating profit was $355 million, or 20.1 percent of sales, down seven percent from the third quarter of 2012 and an increase of 18 percent from the fourth quarter of 2011. Operating profit flow-through was 27 percent from the fourth quarter of 2011 to the fourth quarter of 2012.
Distribution & Transmission
Fourth quarter revenues for the Distribution & Transmission segment were $1.27 billion, down four percent from the third quarter of 2012, and up 126 percent from the fourth quarter of 2011 (due mostly to previously disclosed mergers completed in 2012). Fourth quarter operating profit was $78 million or 6.2 percent of sales. Operating profit flow-through was flat sequentially, and was five percent from the fourth quarter of 2011 to the fourth quarter of 2012.
Continued at:
http://www.knobias.com/story.htm?eid=3.1.817e59ef07756cf02adfce921503e5846e3caa95047a3958e4c868f01fa1aad2
eastunder
12 años hace
NOV: Q4 EPS $1.56 vs $1.37 Beats $1.44 Est
Friday , February 01, 2013 07:47ET
QUARTER RESULTS
National Oilwell Varco, Incorporated (NOV) reported Q4 results ended December 2012. Q4 Revenues were $5,685.00M; +33.48% vs yr-ago; BEATING revenue consensus by +7.22%. Q4 EPS was $1.56; +13.87% vs yr-ago; BEATING earnings consensus by +8.33%.
Q4 RESULTS Reported Year-Ago Y/Y Chg Estimate SURPRISE
---------- ------------ ------------ ---------- ------------ ----------
Revenues: $5,685.00M $4,259.00M +33.48% $5,302.31M +7.22%
---------- ------------ ------------ ---------- ------------ ----------
EPS: $1.56 $1.37 +13.87% $1.44 +8.33%
---------- ------------ ------------ ---------- ------------ ----------
YEAR-END RESULTS
Co. also reported Year-End results ended December 2012. FY Revenues were $20,041.00M; +36.72% vs yr-ago; BEATING revenue consensus by +1.95%. FY EPS was $5.83; +22.22% vs yr-ago; MISSING earnings consensus by -0.34%.
FY RESULTS Reported Year-Ago Y/Y Chg Estimate SURPRISE
---------- ------------ ------------ ---------- ------------ ----------
Revenues: $20,041.00M $14,658.00M +36.72% $19,657.03M +1.95%
---------- ------------ ------------ ---------- ------------ ----------
EPS: $5.83 $4.77 +22.22% $5.85 -0.34%
---------- ------------ ------------ ---------- ------------ ----------
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