McDermott stock tumbled more than -6% in pre-market trading Monday. The offshore oil & gas-focused engineering and construction company’s adjusted loss per share of -$1.55 in the fourth quarter was way below Wall Street's earnings estimate of +17 cents per share.At $2.07 billion, the company’s quarterly revenue missed analysts’ estimate of $2.64 billion. David Dickson, president and chief executive officer of McDermott, attributed the company's fourth quarter results to significant non-recurring charges, including a $2.2 billion goodwill impairment charge.

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Houston, TX-based National Oilwell Varco Inc. is one of the global leaders in designing, manufacturing and selling of comprehensive systems, components, products and equipment used in oil and gas drilling and production worldwide. After struggling through a difficult oil market downturn, the company in Q2 2018 not only posted positive numbers but also surpassed a majority of the analyst’s estimates quite comprehensively, thanks to the sustained progress in the oil market. So as the company is about to publish its Q3 results, the investor community expects its performance to improve further, given the positive outlook given by the CFO in the previous quarterly call. Here are three things to look for: 1) Look for rig technologies to lose some luster, largely owing to conversion of inventory into cash that has been slow to move during this prolonged downturn period (and also because of the industry hovering near its cyclical lows). 2) Look for wellbore technologies to mai