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NOV (DE:NO8)
FRANKFURT:NO8
Holding DE:NO8?
Track your performance easily
NO8 Stock Chart & Stats
Day’s Range€0 - €0
52-Week Range€15.30 - €20.60
Previous Close€15.57
Volume0.00
Average Volume (3M)412.00
Market Cap
€6.32B
Enterprise Value€7.20B
Total Cash (Recent Filing)$827.00M
Total Debt (Recent Filing)$1.75B
Price to Earnings (P/E)6.3
Beta0.62
Next Earnings
Oct 24, 2024EPS Estimate
€0.33Next Dividend Ex-Date
Sep 13, 2024Dividend Yield1.29%
Share Statistics
EPS (TTM)2.47
Shares Outstanding393,706,882
10 Day Avg. Volume0
30 Day Avg. Volume412
Standard DeviationN/A
R-SquaredN/A
AlphaN/A
Financial Highlights & Ratios
Price to Book (P/B)1.66
Price to Sales (P/S)0.80
Price to Cash Flow (P/CF)4.10
P/FCF Ratio4.80
Enterprise Value/Market CapN/A
Enterprise Value/Revenue0.81
Enterprise Value/Gross Profit3.93
Enterprise Value/Ebitda6.18
Forecast
1Y Price Target
€20.97Price Target Upside34.67% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering11
NOV News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceNOV outperformed peers despite below-consensus guidance, due to significant 2Q orders and free cash flow beats.
Revenue GrowthFY revenue guidance for mid single digit growth likely means 3-6% implying a healthy sequential improvement in 4Q with margins around 13.9-14% reflecting the benefit of cost savings and better priced backlog.
Share BuybackNOV began utilizing its recently authorized $1.0B share buyback program, repurchasing approximately 2 million shares.
Bears Say
Earnings3Q guidance was light, with revenues expected to be flat or up low single-digits year-over-year and EBITDA below prior consensus.
Financial PerformanceNOV lowered FY24 guidance, now seeing total revenues up low/mid single-digits year-over-year and EBITDA with a slight downside versus prior consensus.
Market ConditionsThe softer L48 market and ongoing consolidation among E&Ps and on/offshore drilling contractors delay an expected recovery in drilling activity and rig orders.
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NO8 FAQ
What was NOV’s price range in the past 12 months?
NOV lowest stock price was €15.30 and its highest was €20.60 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 Oct 24, 2024 which is in 60 days.
How were NOV’s earnings last quarter?
NOV released its earnings results on Jul 25, 2024. The company reported €0.227 earnings per share for the quarter, missing the consensus estimate of €0.311 by -€0.084.
Is NOV overvalued?
According to Wall Street analysts NOV’s price is currently Undervalued.
Does NOV pay dividends?
NOV pays a Quarterly dividend of €0.07 which represents an annual dividend yield of 1.29%. See more information on NOV dividends here
What is NOV’s EPS estimate?
NOV’s EPS estimate is €0.33.
How many shares outstanding does NOV have?
NOV has 393,706,880 shares outstanding.
What happened to NOV’s price movement after its last earnings report?
NOV reported an EPS of €0.227 in its last earnings report, missing expectations of €0.311. Following the earnings report the stock price went up 13.125%.
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 697M.
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NOV Stock Smart Score
Unlock Smart Score
1
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10
Analyst Consensus
Moderate Buy
Average Price Target:
€20.97 (34.67% Upside)
€20.97 (34.67% Upside)
Blogger Sentiment
Bullish
DE:NO8 Sentiment 100%
Sector Average 71%
Sector Average 71%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-10.63%
12-Months-Change
Fundamentals
Return on Equity
17.90%
Trailing 12-Months
Asset Growth
8.15%
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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NO8 Earnings Call
Q2 2024
0:00 / 0:00
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NO8 Revenue Breakdown
67.28% Sales
20.84% Services
11.87% Rental
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NO8 Stock 12 Month Forecast
Average Price Target
€20.97
▲(34.67% Upside)
Technical Analysis
Best Analysts Covering NO8
1 Year
1 Year Success Rate
9/14 ratings generated profit
1 Year Average Return
+10.49%
assigned a buy rating 27 days ago
Copying Marc Bianchi's trades and holding each position for 1 Year would result in 64.29% of your transactions generating a profit, with an average return of +10.49% per trade.
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