National Oilwell Varco, Inc.'s Results Continue Their Slight Improvement
Thanks to a more stable oil market, National Oilwell Varco (NYSE: NOV) posted a slight improvement in its second-quarter results. Revenue came in at $1.76 billion, which was 1% higher than the first quarter and up 2% from the second quarter of last year. That said, the company reported an adjusted loss of $54 million, or $0.14 per share, though that was an improvement both from last quarter and year over year. Overall, the quarter was about as expected.
As the following chart shows, three of National Oilwell Varco's four segments delivered a sequential revenue increase.
Source: Fool.com
Halliburton Co. Stock
The stock is an absolute favorite of our community with 28 Buy predictions and no Sell predictions.
With a target price of 46 € there is a positive potential of 32.83% for Halliburton Co. compared to the current price of 34.63 €.