On Feb 03, National Oilwell Varco, Inc. (NYSE:NOV) warned of a severe downturn in its business after orders for its drilling parts plunged nearly 90 percent, underscoring the extent of the spending cuts caused by the oil price slump. Orders in National Oilwell’s rig technology business, which makes drilling equipment, slumped to $470 million in the quarter ended Dec. 31, from $3.61 billion, a year ago. The unit accounted for nearly half of total revenue. On Friday shares of National Oilwell Varco, Inc. (NYSE:NOV) closed at $51.43. Company’s sales growth for last 5 years was 11.20% and EPS growth for next 5 years is recorded as 6.28%.
Parsley Energy, Inc. (NYSE:PE) stock fell sharply in early trading Friday after the Austin-based oil and gas exploration and production company said it would offer a private placement of its common shares to repay debt. Parsley (NYSE: PE) said it would sell nearly 14.9 million shares to “selected institutional and accredited investors” and expected net proceeds of about $224 million. Houston-based Tudor, Pickering, Holt & Co. acted as financial adviser in the offering. Parsley Energy, Inc. (NYSE:PE) in last trading activity decreased -0.17% to close at $17.59. Company weekly performance is 4.89% while its quarterly performance stands at 11.12%. Parsley Energy, Inc. (NYSE:PE) is -31.56% away from its 52 week high.
Currency-linked investments marketed by Barclays Plc. (NYSE:BCS) and UBS are under the scanner of the US Department of Justice, the Finacial Times reported Sunday. On Friday shares of Barclays PLC (ADR) (NYSE:BCS) closed at $15.45. Company’s sales growth for last 5 years was -8.10% and EPS growth for next 5 years is recorded as 13.90%.
Walkie-talkie and radio systems maker Motorola Solutions Inc (NYSE:MSI) is looking into a possible sale, Bloomberg reported, citing people familiar with the matter. Motorola Solutions, Inc. (NYSE:MSI) in last trading activity advanced 1.03% to close at $64.66. Company weekly performance is 3.61% while its quarterly performance stands at 0.86%. Motorola Solutions, Inc. (NYSE:MSI) is -4.88% away from its 52 week high.
On Jan. 26, SVB Financial Group (NASDAQ:SIVB) priced an underwritten offering of $350 million in aggregate principal amount of its 3.5% senior notes due 2025 (the “Notes”). The Notes will be sold at 99.916% of the principal amount and will bear interest semiannually. The offering is expected to close on January 29, 2015. On last trading day SVB Financial Group (NASDAQ:SIVB) increased 2.15% to close at $125.25. Its volatility for the week is 3.43% while volatility for the month is 3.44%. SIVB’s sales growth for past 5 years was 10.70% and its EPS growth for past 5 years was 16.80%. SVB Financial Group (NASDAQ:SIVB) monthly performance is 13.62%.