NOV (NOV) Stock Price, News & Analysis

Company Overview

NOV Inc. designs, constructs, manufactures, and sells systems, components, and products for oil and gas drilling and production, and industrial and renewable energy sectors in the United States and internationally. It operates through two segments, Energy Equipment, and Energy Products and Services. The company provides solids control and waste management equipment and services, managed pressure drilling, drilling fluids, premium drillpipe, wired pipe, drilling optimization services, tubular inspection and coating services, instrumentation, downhole tools, and drill bits. It also offers equipment and technologies for hydraulic fracture stimulation, including downhole multistage fracturing tools, pressure pumping trucks, blenders, sanders, hydration and injection units, flowline, and manifolds; coiled tubing units, and wireline units and tools; connections and liner hangers; onshore production consists of composite pipe, surface transfer and progressive cavity pumps, and artificial lift systems; and offshore production, such as floating production systems and subsea production technologies, as well as manufactures industrial pumps and mixers. In addition, the company provides substructures, derricks, and masts; cranes; jacking systems; pipe lifting, racking, rotating, and assembly systems; mud pumps; pressure control equipment; drives and generators; rig instrumentation and control systems; mooring, anchor, and deck handling machinery; equipment components for offshore wind construction vessels; and pipelay and construction systems. Further, the company offers spare parts, repair, and rentals as well as comprehensive remote equipment monitoring, technical support, field service, and customer training. The company was formerly known as National Oilwell Varco, Inc. and changed its name to NOV Inc. in January 2021. NOV Inc. was founded in 1862 and is based in Houston, Texas.

Key Stats

• Today's Range: $13.97 to $14.37
• 50-Day Range: $14.06 to $16.79
• 52-Week Range: $13.97 to $21.23
• Volume: 23.12 million shs
• Average Volume: 3.82 million shs
• Market Capitalization: $5.47 billion
• P/E Ratio: 5.19
• Dividend Yield: 2.13%
• Price Target: $20.14
• Consensus Rating: Hold

NOV Stock Analysis - MarketRank™

NOV scored higher than 99% of companies evaluated by MarketBeat, and ranked 4th out of 270 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.2 / 5
• Analyst Rating: Hold

Consensus Rating

NOV has received a consensus rating of Hold. The company's average rating score is 2.41, and is based on 7 buy ratings, 7 hold ratings, and 2 sell ratings.

Amount of Analyst Coverage

NOV has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: -1.26%

Earnings Growth

Earnings for NOV are expected to decrease by -1.26% in the coming year, from $1.59 to $1.57 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of NOV is 5.19, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.15.

Price to Earnings Ratio vs. Sector

The P/E ratio of NOV is 5.19, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 12.10.

Price to Earnings Growth Ratio

NOV has a PEG Ratio of 0.87. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

NOV has a P/B Ratio of 0.89. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.56% of the float of NOV has been sold short.

Short Interest Ratio / Days to Cover

NOV has a short interest ratio ("days to cover") of 3.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in NOV has recently decreased by 9.17%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

NOV pays a meaningful dividend of 2.11%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

NOV does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of NOV is 11.07%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, NOV will have a dividend payout ratio of 19.11% next year. This indicates that NOV will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 0.0 / 5
• Environmental Score: -6.69

Percentage of Shares Shorted

3.56% of the float of NOV has been sold short.

Short Interest Ratio / Days to Cover

NOV has a short interest ratio ("days to cover") of 3.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in NOV has recently decreased by 9.17%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.3 / 5
• News Sentiment: 0.12

News Sentiment

NOV has a news sentiment score of 0.12. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.66 average news sentiment score of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 36 news articles for NOV this week, compared to 22 articles on an average week.

Search Interest

Only 7 people have searched for NOV on MarketBeat in the last 30 days. This is a decrease of -13% compared to the previous 30 days.

MarketBeat Follows

4 people have added NOV to their MarketBeat watchlist in the last 30 days. This is an increase of 300% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, NOV insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $28,722.00 in company stock.

Percentage Held by Insiders

Only 1.85% of the stock of NOV is held by insiders.

Percentage Held by Institutions

93.27% of the stock of NOV is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

NOV Stock Analysis - Frequently Asked Questions

How have NOV shares performed this year?

NOV's stock was trading at $20.28 at the beginning of the year. Since then, NOV stock has decreased by 30.6% and is now trading at $14.07.
View the best growth stocks for 2024 here.

How were NOV's earnings last quarter?

NOV Inc. (NYSE:NOV) posted its quarterly earnings results on Thursday, July, 25th. The oil and gas exploration company reported $0.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.35 by $0.22. The company's revenue for the quarter was up 5.9% compared to the same quarter last year.
Read the conference call transcript.

Does NOV have any subsidiaries?

NOV subsidiaries include Fjords Processing AS, Robbins & Myers Inc, Fiberspar, Wilson International, Enerflow Industries, NKT Flexibles I/S, STSA, and more.

Who are NOV's major shareholders?

NOV's top institutional shareholders include Pzena Investment Management LLC (11.06%), Hotchkis & Wiley Capital Management LLC (9.55%), State Street Corp (3.26%) and Thrivent Financial for Lutherans (1.91%). Insiders that own company stock include Isaac H Joseph, Christy Lynn Novak, David D Harrison, Greg L Armstrong and Eric L Mattson.
View institutional ownership trends.

How do I buy shares of NOV?

Shares of NOV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of NOV own?

Based on aggregate information from My MarketBeat watchlists, some other companies that NOV investors own include Humana (HUM), American Water Works (AWK), Waste Connections (WCN), Voyager Therapeutics (VYGR), The RMR Group (RMR), DiamondRock Hospitality (DRH) and AUO (AUOTY).

Company Calendar

• Last Earnings: 7/25/2024
• Ex-Dividend for 9/27 Dividend: 9/13/2024
• Dividend Payable: 9/27/2024
• Ex-Dividend for 12/20 Dividend: 12/06/2024
• Dividend Payable: 12/20/2024
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Oils/Energy
• Industry: Oil & gas field machinery
• Sub-Industry: Oil & Gas Equipment & Services
• Current Symbol: NYSE:NOV
• CUSIP: 63707110
• CIK: 1021860
• Web: www.nov.com
• Phone: (346) 223-3000
• Fax: 713-375-3994
• Employees: 33,676
• Year Founded: 1862

Price Target and Rating

• Average Stock Price Target: $20.14
• High Stock Price Target: $25.00
• Low Stock Price Target: $12.00
• Potential Upside/Downside: +43.2%
• Consensus Rating: Hold
• Rating Score (0-4): 2.41
• Research Coverage: 17 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.71
• Trailing P/E Ratio: 5.19
• Forward P/E Ratio: 8.85
• P/E Growth: 0.87
• Net Income: $993 million
• Net Margins: 12.05%
• Pretax Margin: 8.61%
• Return on Equity: 10.82%
• Return on Assets: 6.09%

Debt

• Debt-to-Equity Ratio: 0.26
• Current Ratio: 2.57
• Quick Ratio: 1.65

Sales & Book Value

• Annual Sales: $8.91 billion
• Price / Sales: 0.61
• Cash Flow: $2.17 per share
• Price / Cash Flow: 6.47
• Book Value: $15.85 per share
• Price / Book: 0.89

Miscellaneous

• Outstanding Shares: 389,084,000
• Free Float: 381,886,000
• Market Cap: $5.47 billion
• Optionable: Optionable
• Beta: 1.66