NYSE:NOV

NOV (NOV) Stock Forecast, Price & News

$19.84

-0.67 (-3.27%)

(As of 09:57 AM ET)

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Today's Range: $19.77
▼
$20.19
50-Day Range: $18.53
▼
$21.60
52-Week Range: $14.05
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$24.83

Volume: 336,500 shs
Average Volume: 4.26 million shs
Market Capitalization: $7.81 billion

P/E Ratio: 18.90
Dividend Yield: 1.01%
Price Target: $24.20

NOV MarketRank™ Forecast

Analyst Rating: Hold
2.38 Rating Score
Upside/Downside: 19.7% Upside
$24.20 Price Target
Short Interest: Healthy
4.08% of Shares Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: -6.69
Upright™ Environmental Score
News Sentiment: 0.19
Based on 66 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 27.21%
From $1.47 to $1.87 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.64 out of 5 stars

Business Services Sector

72nd out of 309 stocks

Oil & Gas Field Machinery Industry

3rd out of 12 stocks

3.2

Analyst's Opinion

Consensus Rating
NOV has received a consensus rating of Hold. The company's average rating score is 2.38, and is based on 6 buy ratings, 6 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $24.20, NOV has a forecasted upside of 19.7% from its current price of $20.22.
Amount of Analyst Coverage
NOV has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
4.08% of the outstanding shares of NOV have been sold short.
Short Interest Ratio / Days to Cover
NOV has a short interest ratio ("days to cover") of 4.
Change versus previous month
Short interest in NOV has recently decreased by 0.12%, indicating that investor sentiment is improving.

1.7

Dividend Strength

Dividend Yield
NOV has a dividend yield of 0.98%, which is in 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 19.05%. 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 10.70% next year. This indicates that NOV will be able to sustain or increase its dividend.

0.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
NOV has received a -145.13% net impact score from Upright. The largest negative impact of NOV in category "GHG emissions" seems to be driven mostly by its "Oil refining equipment", "Natural gas drilling machinery", and "Renovation of offshore oil rigs" products. See details.
Environmental Sustainability
The Environmental Impact score for NOV is -6.69.

1.8

News and Social Media Coverage

News Sentiment
NOV has a news sentiment score of 0.19. 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 0.55 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 66 news articles for NOV this week, compared to 13 articles on an average week.
Search Interest
Only 9 people have searched for NOV on MarketBeat in the last 30 days. This is a decrease of -25% compared to the previous 30 days.
MarketBeat Follows
Only 3 people have added NOV to their MarketBeat watchlist in the last 30 days. This is a decrease of -25% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, NOV insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.77% of the stock of NOV is held by insiders.
Percentage Held by Institutions
93.19% of the stock of NOV is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

4.4

Earnings and Valuation

Earnings Growth
Earnings for NOV are expected to grow by 27.21% in the coming year, from $1.47 to $1.87 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of NOV is 19.26, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 110.64.
Price to Earnings Ratio vs. Sector
The P/E ratio of NOV is 19.26, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 29.08.
Price to Earnings Growth Ratio
NOV has a PEG Ratio of 0.30. 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 1.55. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About NOV (NYSE:NOV) Stock

NOV Inc. designs, constructs, manufactures, and sells systems, components, and products for oil and gas drilling and production, and industrial and renewable energy sectors worldwide. The company operates through three segments: Wellbore Technologies, Completion & Production Solutions, and Rig Technologies. It provides solids control and waste management equipment and services; portable power generation products; drill and wired pipes; drilling optimization and automation services; tubular inspection, repair, and coating services; instrumentation; measuring and monitoring services; downhole and fishing tools; steerable technologies; and drill bits. The company 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, it 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.

NOV Price History

30 days | 90 days | 365 days | Advanced Chart

NOV Stock News Headlines

October 4, 2023 | marketbeat.com

3 Stocks For the Resurgent Energy Rally (NOV)

Baker Hughes, TechnipFMC, and NOV emerge as frontrunners in the thriving oil and gas equipment industry. All boast impressive earnings and price performance.

October 4, 2023 | reuters.com

Saudi Arabia to continue the voluntary cut of one million bpd for Nov. and until year end

October 4, 2023 | Wall Street Fundamentals (Ad)

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