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NOV (NOV)
NYSE:NOV
NOV (NOV) Stock Price & Analysis
769 Followers
NOV Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$13.89 - $21.73
Previous Close$18.85
Volume3.45M
Average Volume (3M)3.47M
Market Cap
$7.46B
Enterprise Value$8.44B
Total Cash (Recent Filing)$816.00M
Total Debt (Recent Filing)$1.73B
Price to Earnings (P/E)7.6
Beta1.15
Next Earnings
Jul 24, 2024EPS Estimate
$0.34Last Dividend Ex-Date
Mar 13, 2024Dividend Yield1.06%
Share Statistics
EPS (TTM)2.49
Shares Outstanding395,535,931
10 Day Avg. Volume2,168,767
30 Day Avg. Volume3,471,953
Standard Deviation0.15
R-Squared0.37
Alpha-0.01
Financial Highlights & Ratios
Price to Book (P/B)1.79
Price to Sales (P/S)3.19
Price to Cash Flow (P/CF)4.90
P/FCF Ratio0.30
Enterprise Value/Market CapN/A
Enterprise Value/Revenue0.98
Enterprise Value/Gross Profit1.06
Enterprise Value/Ebitda1.09
Forecast
1Y Price Target
$23.11Price Target Upside22.34% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering10
NOV News
PremiumCompany Announcements
NOV Announces Capital Return Plan and Enhanced Shareholder Rewards
Bulls Say, Bears Say
Bulls Say
Corporate StrategyAnnounced a shareholder return framework, including a substantial dividend increase and a $1 billion share repurchase authorization.
Financial PerformanceOperational and cash flow beat with plans to return more than 50% of excess free cash flow to shareholders annually through increased dividends and buybacks.
Operational EfficiencyCost-out initiatives serve as another tailwind to NOV's margin profile.
Bears Say
Analyst ExpectationsNOV underperformed the industry benchmark after releasing weak first quarter and annual guidance that was significantly below consensus.
Earnings GuidanceNOV was down after guiding first quarter significantly below consensus due to the absence of prior quarter shipments in the legacy Wellbore business as supply chains normalized, and a worsening North American outlook.
Financial PerformanceEnergy Equipment orders were significantly below forecast and showed a year-over-year and quarter-over-quarter decline.
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Risk Analysis
Main Risk Category
Legal & RegulatoryLitigation, compliance, new legislation, and taxation risks
NOV FAQ
What was NOV’s price range in the past 12 months?
NOV lowest stock price was $13.89 and its highest was $21.73 in the past 12 months.
What is NOV’s market cap?
Currently, no data Available
When is NOV’s upcoming earnings report date?
NOV’s upcoming earnings report date is Jul 24, 2024 which is in 68 days.
How were NOV’s earnings last quarter?
NOV released its earnings results on Apr 25, 2024. The company reported $0.3 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.03.
Is NOV overvalued?
According to Wall Street analysts NOV’s price is currently Undervalued.
Does NOV pay dividends?
NOV pays a Quarterly dividend of $0.05 which represents an annual dividend yield of 1.06%. See more information on NOV dividends here
What is NOV’s EPS estimate?
NOV’s EPS estimate is $0.34.
How many shares outstanding does NOV have?
NOV has 395,535,920 shares outstanding.
What happened to NOV’s price movement after its last earnings report?
NOV reported an EPS of $0.3 in its last earnings report, beating expectations of $0.27. Following the earnings report the stock price went down -0.422%.
Which hedge fund is a major shareholder of NOV?
Among the largest hedge funds holding NOV’s share is First Eagle Investment Management LLC. It holds NOV’s shares valued at 717M.
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NOV Stock Smart Score
Neutral
1
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4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$23.11 (22.34% Upside)
$23.11 (22.34% Upside)
Blogger Sentiment
Neutral
NOV Sentiment 50%
Sector Average 72%
Sector Average 72%
Hedge Fund Trend
Increased
By 10.5M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $74.0K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.3%
Last 30 Days ▼ 3.7%
Last 30 Days ▼ 3.7%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
26.24%
12-Months-Change
Fundamentals
Return on Equity
17.16%
Trailing 12-Months
Asset Growth
11.08%
Trailing 12-Months
Company Description
NOV
National Oilwell Varco, Inc. provides equipment and technology to the upstream oil and gas industry. The company operates through the following segments: Rig Technologies, Wellbore Technologies, and Completion and Production Solutions. The Rig Technologies segment monitors its capital equipment backlog to plan its business. The Wellbore Technologies segment designs, manufactures, rents, and sells a variety of equipment and technologies used to perform drilling operations, and offers services that optimize their performance. The Completion and Production Solutions segment integrates technologies for well completions and oil and gas production. The company was founded in 1841 and is headquartered in Houston, TX.
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NOV Earnings Call
Q1 2024
0:00 / 0:00
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NOV Revenue Breakdown
67.28% Sales
20.84% Services
11.87% Rental
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NOV Stock 12 Month Forecast
Average Price Target
$23.11
▲(22.34% Upside)
Technical Analysis
Best Analysts Covering NOV
1 Year
1 Year Success Rate
9/13 ratings generated profit
1 Year Average Return
+14.04%
reiterated a buy rating 18 days ago
Copying Marc Bianchi's trades and holding each position for 1 Year would result in 69.23% of your transactions generating a profit, with an average return of +14.04% per trade.
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