Paul Meeks, director of institutional investing at Saturna Capital, is scooping up shares of an industrial name.» Read More
July 28- National Oilwell Varco Inc, the largest U.S. oilfield equipment provider, reported a higher-than-expected quarterly profit as cost cuts helped offset the impact of a fall in global drilling activity. Expenses fell more than 18 percent to $417 million in the second quarter ended June 30 from a year earlier, the company said. Net income attributable to the...
HOUSTON _ National Oilwell Varco on Tuesday reported second-quarter net income of $289 million. The average estimate of 17 analysts surveyed by Zacks Investment Research was for earnings of 64 cents per share. National Oilwell Varco shares have declined 36 percent since the beginning of the year, while the Standard& Poor's 500 index has stayed nearly flat.
July 28- National Oilwell Varco Inc, the largest U.S. oilfield equipment provider, reported a 53 percent fall in quarterly profit as a steep decline in commodity prices weighed on demand and prices for its products. Net income attributable to the company fell to $289 million, or 74 cents per share, in the second quarter ended June 30, from $619 million, or $1.44 per...
As CEOs buy a record amount of stock with shareholder money, they're keeping their wallets in their pockets when it comes to buying shares on their own.
May 15- Warren Buffett's Berkshire Hathaway Inc on Friday said it has boosted its holdings in some of the billionaire's favorite companies, including Wells Fargo& Co and International Business Machines Corp.. Buffett has long praised his "Big Four" stock holdings Wells Fargo, IBM, Coca-Cola Co and American Express Co, which comprise roughly 58 percent of...
April 28- National Oilwell Varco Inc, the largest U.S. oilfield equipment maker, reported lower-than-expected quarterly revenue and forecast declining revenue for the next few quarters as weak oil prices reduce drilling activity. The company, which in February warned of a "severe downturn" in its business, said total backlog fell to $11.86 billion in the first...
April 28- National Oilwell Varco Inc, the largest U.S. oilfield equipment maker, posted a 47.4 percent drop in quarterly profit, mainly hurt by $200 million in charges. Net income attributable to the company fell to $310 million, or 76 cents per share, in the first quarter ended March 31, from $589 million, or $1.37 per share, a year earlier. Revenue fell marginally to...
*Statoil cutting less in capex than any other major. OSLO, April 23- Norway's Statoil is cutting investments less than any other oil major this year, positioning for a crude price recovery but taking a risk should the slump be protracted. We are either euphoric or depressed, " Statoil Chief Economist Eirik Waerness said.
Hug your economist. You're going to need him.
Bullish case for energy stocks
Using a revolutionary osmosis process, Oasys has found a way to clean polluted fracking water, thus solving the industry's biggest quandary.
Take a look at some of Tuesday's midday movers:
National Oilwell Varco warned of a severe downturn in its business after orders for its drilling parts plunged nearly 90 percent.
Jim Cramer is gearing up for earnings next week, especially the oil companies.
Trying to pick a bottom in energy stocks: is this the time to go long?
Recent history shows that when oil has rallied more than 10 percent over a 30-trading-day period, oilfield service companies have benefited.
A sale of parts of Halliburton's business to appease regulators could be a game-changer for smaller oilfield services companies, analysts say.
Japan's economy unexpected fall into recession increases the likelihood of demands for further stimulus.
Stocks are up despite weak market internals. Much of the Dow's gain is due to Visa and utilities are leading the S&P 500.
The Federal Reserve upgraded its outlook for the U.S. economy, but business and real estate investment and personal consumption dropped.