Based on the NOV Inc. stock forecast from 8 analysts, the average analyst target price for NOV Inc. is USD 26.75 over the next 12 months. NOV Inc.’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of NOV Inc. is Neutral, which is based on 6 positive signals and 7 negative signals. At the last closing, NOV Inc.’s stock price was USD 18.50. NOV Inc.’s stock price has changed by -7.91% over the past week, -0.38% over the past month and -0.91% over the last year.
No recent analyst target price found for NOV Inc.
No recent average analyst rating found for NOV Inc.
Company Overview NOV Inc.
NOV Inc. designs, constructs, manufactures, and sells systems, components, and products for oil and gas drilling and production, and industrial and renewable energy sectors in the United States and internationally. It operates through two segments, Energy Equipment, and Energy Products and Services. The company provides solids control and waste management equipment and services, managed pressure drilling, drilling fluids, premium drillpipe, wired pipe, drilling optimization services, tubular inspection and coating services, instrumentation, downhole tools, and drill bits. It 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, the company 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. Read Less
NOV Inc. designs, constructs, manufactures, and sells systems, components, and products for oil and gas drilling and production, and industrial and renewable energy sectors in the United States and internationally. It operates through two segments, Energy Equipment, and Energy Pr...Read More
Frequently Asked Questions About NOV Inc. (NOV) Stock
Based on ratings from 8 analysts NOV Inc.'s stock is Strong Buy. Stock Target Advisor's fundamental analysis is Neutral. The stock has 6 buy, sell and 2 hold ratings.
NOV stock's dividend yield is 0.98%.
Our analysis grades NOV stock's dividend yield at F. This means that NOV stock's dividend yield is above 24% of the stocks in the Oil & Gas Equipment & Services sector in the NYE exchange.
Based on this NOV may be a poor dividend stock for its sector.
Based on targets from 8 analysts, the average taret price for NOV is USD 26.75 over the next 12 months. The maximum analyst target price is USD 33 while the minimum anlayst target price is USD 22.
NOV stock's Price/Earning ratio is 8.20.
Our analysis grades NOV stock's Price / Earning ratio at B. This means that NOV stock's Price/Earning ratio is above 14% of the stocks in the Oil & Gas Equipment & Services sector in the NYE exchange.
Based on this NOV may be undervalued for its sector.
The last closing price of NOV's stock was USD 18.50.
The most recent market capitalization for NOV is USD 8.11B.
Based on targets from 8 analysts, the average taret price for NOV is projected at USD 26.75 over the next 12 months.
This means that NOV's stock price may go up by +44.59% over the next 12 months.
Following are ETFs with the highest allocation to NOV Inc.'s stock :
As per our most recent records NOV Inc. has 33,676 Employees.
NOV Inc.'s registered address is 10353 Richmond Avenue, Houston, TX, United States, 77042-4103.
You can get more information about it from NOV Inc.'s website at https://www.nov.com.
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Stock Target Advisor's Analysis
This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.
What to like
Low volatility
The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.
Positive cash flow
The company had positive total cash flow in the most recent four quarters.
Positive free cash flow
The company had positive total free cash flow in the most recent four quarters.
High market capitalization
This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.
Superior Earnings Growth
This stock has shown top quartile earnings growth in the previous 5 years compared to its sector.
Underpriced compared to earnings
The stock is trading low compared to its peers on a price to earning basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.
What not to like
Poor return on assets
The company management has delivered below median return on assets in the most recent 4 quarters compared to its peers.
Below median dividend returns
The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.
Below median total returns
The company has under performed its peers on annual average total returns in the past 5 years.
Poor risk adjusted returns
This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.
Overpriced on cashflow basis
The stock is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.
Low Revenue Growth
This stock has shown below median revenue growth in the previous 5 years compared to its sector
Overpriced on free cash flow basis
The stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.
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