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NOV (NOV)
NYSE:NOV
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NOV Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$14.83 - $21.23
Previous Close$14.97
Volume5.95M
Average Volume (3M)3.87M
Market Cap
$5.82B
Enterprise Value$6.64B
Total Cash (Recent Filing)$985.00M
Total Debt (Recent Filing)$1.75B
Price to Earnings (P/E)5.5
Beta0.75
Next Earnings
Feb 05, 2025EPS Estimate
$0.37Last Dividend Ex-Date
Dec 06, 2024Dividend Yield1.67%
Share Statistics
EPS (TTM)2.70
Shares Outstanding389,084,160
10 Day Avg. Volume4,150,592
30 Day Avg. Volume3,865,287
Standard Deviation0.15
R-Squared0.33
Alpha-0.01
Financial Highlights & Ratios
Price to Book (P/B)0.90
Price to Sales (P/S)0.65
Price to Cash Flow (P/CF)4.10
P/FCF Ratio5.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue0.75
Enterprise Value/Gross Profit3.62
Enterprise Value/Ebitda5.59
Forecast
1Y Price Target
$19.73Price Target Upside33.13% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering16
NOV News
PremiumCompany Announcements
NOV Appoints Chris Kendall to Board of DirectorsBulls Say, Bears Say
Bulls Say
Financial PerformanceNOV reported a big 3Q free cash flow beat, reiterated its >50% free cash flow conversion target for FY24, and endorsed its targets for 2025+.
Growth PotentialManagement confidence suggests the company could deliver growth in 2025 at improving margins due to anticipated increases in offshore and international spending.
Market OutlookNOV remains constructive into 2025 and long-term, as the tilt toward offshore and international land markets partially offsets a modestly weaker drilling equipment market in the near term.
Bears Say
Aftermarket DeclineFalling aftermarket is particularly concerning given the high associated margins, and management noted that aftermarket would likely decline mid-to-high single digits in 2025.
Global Drilling SlowdownThe global drilling slowdown has intensified, leading both offshore and land drillers to reduce capex, which is a clear headwind to NOV.
Revenue And EBITDA Guidance4Q guidance was light with NOV seeing total revenues down and EBITDA below prior consensus.
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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 $14.83 and its highest was $21.23 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 Feb 05, 2025 which is in 46 days.
How were NOV’s earnings last quarter?
NOV released its earnings results on Oct 24, 2024. The company reported $0.343 earnings per share for the quarter, missing the consensus estimate of $0.351 by -$0.008.
Is NOV overvalued?
According to Wall Street analysts NOV’s price is currently Undervalued.
Does NOV pay dividends?
NOV pays a Quarterly dividend of $0.075 which represents an annual dividend yield of 1.67%. See more information on NOV dividends here
What is NOV’s EPS estimate?
NOV’s EPS estimate is $0.37.
How many shares outstanding does NOV have?
NOV has 389,084,170 shares outstanding.
What happened to NOV’s price movement after its last earnings report?
NOV reported an EPS of $0.343 in its last earnings report, missing expectations of $0.351. Following the earnings report the stock price went up 2.962%.
Which hedge fund is a major shareholder of NOV?
Among the largest hedge funds holding NOV’s share is Pzena Investment Management LLC. It holds NOV’s shares valued at 687M.
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NOV Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$19.73 (33.13% Upside)
$19.73 (33.13% Upside)
Blogger Sentiment
Bullish
NOV Sentiment 100%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Increased
By 15.9M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $2.9M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Positive
Last 7 Days ▼ 1.9%
Last 30 Days ▲ 4.5%
Last 30 Days ▲ 4.5%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-20.35%
12-Months-Change
Fundamentals
Return on Equity
17.91%
Trailing 12-Months
Asset Growth
8.80%
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
Q3 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
$19.73
▲(33.13% Upside)
Technical Analysis
Best Analysts Covering NOV
1 Year
1 Year Success Rate
8/15 ratings generated profit
1 Year Average Return
+5.99%
assigned a buy rating 2 months ago
Copying Marc Bianchi's trades and holding each position for 1 Year would result in 53.33% of your transactions generating a profit, with an average return of +5.99% per trade.
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