National-Oilwell Varco, Inc. (NOV): Is It Ready for a Tune Up?

Similarly, the company’s forward dividend yield could stand some boosting, another possibility made more feasible by an acquisitions slowdown. Currently, however, with a forward yield of 0.80%, Varco falls short of such other big oilfield services providers as Schlumberger Limited. (NYSE:SLB), with its 1.80% forward yield, or Baker Hughes Incorporated (NYSE:BHI), at 1.40%. On that basis, it would constitute a distinct positive to see National-Oilwell Varco, Inc. (NYSE:NOV)’s own anticipated yield raised to at least 1.00%, a level that would hardly result in an arduous payout for the company.

Eagerly awaiting the call
Earnings season tends to serve a couple of purposes. On one hand, it obviously provides a look at a company’s results for the most recent quarter and the year to date. But on the other hand, for some companies it provides management with an opportunity to describe its perspective on macro trends prevailing in the industry in question. The latter is an especially important function in energy, and is performed especially effectively and lucidly by Varco President Clay Williams. I’m therefore especially looking forward to his comments on Friday.

The article Is National Oilwell Varco Ready for a Tune-Up? originally appeared on Fool.com and is written by David Smith.

Fool contributor David Smith has no position in any stocks mentioned. The Motley Fool recommends and owns shares of National-Oilwell Varco, Inc. (NYSE:NOV).

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