NOV (NOV) Stock Price, News & Analysis

Company Overview

National Oilwell Varco (NYSE: NOV) is a leading provider of equipment and technology to the oil and gas industry. The company designs, manufactures and services an extensive portfolio of products used in drilling, completion and production operations. Its offerings include drilling rigs and related components, wellbore technologies such as tubulars and completion tools, surface equipment including mud pumps and blowout preventers, and aftermarket parts and services that support ongoing field operations.

NOV’s business is organized to serve upstream energy companies around the world. Through its Rig Systems segment, the company delivers complete drilling solutions—ranging from rigs and derricks to top drives and automated drilling controls. Its Wellbore Technologies division provides a broad array of downhole tubulars, tubular handling systems, and wellhead and pressure control equipment. To enhance operational efficiency and reliability, NOV also offers digital and remote monitoring solutions that integrate data analytics with field operations.

Founded in 2005 through the merger of National Oilwell and Varco International, NOV is headquartered in Houston, Texas, and maintains a global footprint with manufacturing, service and rental facilities across North America, Latin America, Europe, the Middle East and the Asia-Pacific region. The company’s global network enables it to support both onshore and offshore activities, from shallow water rigs to deepwater exploration platforms.

Under the leadership of President and Chief Executive Officer Clay C. Williams, NOV continues to invest in research, technology and strategic partnerships aimed at reducing drilling costs and improving safety and environmental performance. The company’s extensive aftermarket service network and engineering expertise position it as a key partner to energy companies seeking to optimize performance throughout the life cycle of their assets.

Key Stats

• Today's Range: $12.87 to $13.41
• 50-Day Range: $11.87 to $14.18
• 52-Week Range: $10.84 to $17.12
• Volume: 2.94 million shs
• Average Volume: 3.04 million shs
• Market Capitalization: $4.79 billion
• P/E Ratio: 10.57
• Dividend Yield: 2.33%
• Price Target: $16.56
• Consensus Rating: Hold

NOV Stock Analysis - MarketRank™

NOV scored higher than 92% of companies evaluated by MarketBeat, and ranked 30th out of 269 stocks in the energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.1 / 5
• Analyst Rating: Hold

Consensus Rating

NOV has received a consensus rating of Hold. The company's average rating score is 2.22, and is based on 7 buy ratings, 8 hold ratings, and 3 sell ratings.

Upside Potential

NOV has a consensus price target of $16.56, representing about 28.5% upside from its current price of $12.89.

Amount of Analyst Coverage

NOV has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 3.8 / 5
• Proj. Earnings Growth: 17.86%

Earnings Growth

Earnings for NOV are expected to grow by 17.86% in the coming year, from $1.40 to $1.65 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of NOV is 10.57, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 280.80.

Price to Earnings Ratio vs. Sector

The P/E ratio of NOV is 10.57, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 39.91.

Price to Earnings Growth Ratio

NOV has a PEG Ratio of 3.81. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

NOV has a P/B Ratio of 0.78. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

7.26% 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 6.7.

Change versus previous month

Short interest in NOV has recently increased by 5.69%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

NOV pays a meaningful dividend of 2.25%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

NOV has only been increasing its dividend for 1 years.

Dividend Coverage

The dividend payout ratio of NOV is 24.59%. 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 18.18% 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

7.26% 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 6.7.

Change versus previous month

Short interest in NOV has recently increased by 5.69%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.5 / 5
• News Sentiment: 0.56

News Sentiment

NOV has a news sentiment score of 0.56. 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 0.88 average news sentiment score of Energy companies.

News Coverage This Week

MarketBeat has tracked 39 news articles for NOV this week, compared to 34 articles on an average week.

Search Interest

Only 19 people have searched for NOV on MarketBeat in the last 30 days. This is a decrease of -5% compared to the previous 30 days.

MarketBeat Follows

2 people have added NOV to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

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 2.08% 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 $14.60 on January 1st, 2025. Since then, NOV shares have decreased by 11.7% and is now trading at $12.89.

How were NOV's earnings last quarter?

NOV Inc. (NYSE:NOV) announced its earnings results on Monday, July, 28th. The oil and gas exploration company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.30 by $0.01. The company's quarterly revenue was down 1.3% compared to the same quarter last year.
Read the conference call transcript.

Does NOV have any subsidiaries?

The following companies are subsidiaries of NOV: Fjords Processing AS, Robbins & Myers Inc, Fiberspar, Wilson International, Enerflow Industries, NKT Flexibles I/S, STSA, and others.

Who are NOV's major shareholders?

NOV's top institutional shareholders include Pzena Investment Management LLC (11.37%), First Eagle Investment Management LLC (10.12%), State Street Corp (3.37%) and First Pacific Advisors LP (1.87%). Insiders that own company stock include Isaac H Joseph, Christy Lynn Novak, David D Harrison 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.

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 AU Optronics (AUOTY).

Company Calendar

• Record date for 6/27 Dividend: 6/13/2025
• Ex-Dividend for 6/27 Dividend: 6/13/2025
• Dividend Payable: 6/27/2025
• Last Earnings: 7/28/2025
• Record date for 9/26 Dividend: 9/12/2025
• Ex-Dividend for 9/26 Dividend: 9/12/2025
• Today: 9/13/2025
• Dividend Payable: 9/26/2025
• Next Earnings (Estimated): 10/23/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Energy
• Industry: OIL FLD MCH&EQP
• Sub-Industry: Oil & Gas Equipment & Services
• Current Symbol: NYSE:NOV
• CIK: 1021860
• Web: www.nov.com
• Phone: (346) 223-3000
• Fax: 713-375-3994
• Employees: 34,010
• Year Founded: 1862

Price Target and Rating

• Average Price Target for NOV: $16.56
• High Price Target: $22.00
• Low Price Target: $10.00
• Potential Upside/Downside: +28.5%
• Consensus Rating: Hold
• Rating Score (0-4): 2.22
• Research Coverage: 18 Analysts

Profitability

• EPS (Trailing Twelve Months): $1.22
• Trailing P/E Ratio: 10.57
• Forward P/E Ratio: 9.21
• P/E Growth: 3.81
• Net Income: $635 million
• Net Margins: 5.36%
• Pretax Margin: 6.93%
• Return on Equity: 7.25%
• Return on Assets: 4.15%

Debt

• Debt-to-Equity Ratio: 0.26
• Current Ratio: 2.58
• Quick Ratio: 1.72

Sales & Book Value

• Annual Sales: $8.87 billion
• Price / Sales: 0.54
• Cash Flow: $2.43 per share
• Price / Cash Flow: 5.30
• Book Value: $16.52 per share
• Price / Book: 0.78

Miscellaneous

• Outstanding Shares: 371,360,000
• Free Float: 363,641,000
• Market Cap: $4.79 billion
• Optionable: Optionable
• Beta: 1.34