NOV (NYSE:NOV – Get Free Report) issued its quarterly earnings data on Thursday. The oil and gas exploration company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.35 by $0.22, Briefing.com reports. The company had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.19 billion. NOV had a return on equity of 11.15% and a net margin of 11.88%. NOV’s revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.39 earnings per share.
NOV Trading Up 6.4 %
NYSE:NOV opened at $19.87 on Friday. The firm has a market capitalization of $7.86 billion, a P/E ratio of 7.98, a P/E/G ratio of 0.58 and a beta of 1.70. The company has a quick ratio of 1.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.28. The company has a fifty day moving average of $18.37 and a 200 day moving average of $18.61. NOV has a 52 week low of $16.77 and a 52 week high of $21.91.
NOV Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were paid a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 1.51%. This is an increase from NOV’s previous quarterly dividend of $0.05. The ex-dividend date was Friday, June 14th. NOV’s payout ratio is presently 12.05%.
Analyst Ratings Changes
Read Our Latest Research Report on NOV
NOV Company Profile
NOV Inc designs, constructs, manufactures, and sells systems, components, and products for oil and gas drilling and production, and industrial and renewable energy sectors in the United States and internationally. It operates through two segments, Energy Equipment, and Energy Products and Services. The company provides solids control and waste management equipment and services, managed pressure drilling, drilling fluids, premium drillpipe, wired pipe, drilling optimization services, tubular inspection and coating services, instrumentation, downhole tools, and drill bits.
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