NOV
About: NOV (formerly National Oilwell Varco) is a leading supplier of oil and gas drilling rig equipment and products, such as downhole tools, drill pipe, and well casing. The company operates on a global scale, with international markets contributing nearly two thirds of its annual revenue.
Employees: 34,010
0
Funds holding %
of 7,419 funds
0
Analysts bullish %
of 7 analysts
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
224% more call options, than puts
Call options by funds: $30.2M | Put options by funds: $9.33M
50% more funds holding in top 10
Funds holding in top 10: 2 [Q3] → 3 (+1) [Q4]
18% more first-time investments, than exits
New positions opened: 78 | Existing positions closed: 66
4.42% more ownership
Funds ownership: 93.11% [Q3] → 97.53% (+4.42%) [Q4]
2% more funds holding
Funds holding: 423 [Q3] → 430 (+7) [Q4]
4% less repeat investments, than reductions
Existing positions increased: 144 | Existing positions reduced: 150
5% less capital invested
Capital invested by funds: $5.85B [Q3] → $5.54B (-$310M) [Q4]
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$13
5%
upside
Avg. target
$18.14
47%
upside
High target
$23
86%
upside
7 analyst ratings
4 positive
57%
1 neutral
14%
2 negative
29%
Stifel Stephen Gengaro 36% 1-year accuracy 37 / 104 met price target | 86%upside $23 | Buy Maintained | 15 Apr 2025 |
Susquehanna Charles Minervino 28% 1-year accuracy 19 / 69 met price target | 54%upside $19 | Positive Maintained | 14 Apr 2025 |
Goldman Sachs Neil Mehta 41% 1-year accuracy 24 / 59 met price target | 5%upside $13 | Sell Maintained | 10 Apr 2025 |
RBC Capital Keith Mackey 14% 1-year accuracy 3 / 22 met price target | 78%upside $22 | Outperform Upgraded | 24 Mar 2025 |
Barclays David Anderson 28% 1-year accuracy 24 / 85 met price target | 5%upside $13 | Underweight Maintained | 18 Feb 2025 |
Financial journalist opinion
Based on 3 articles about NOV published over the past 30 days
Neutral
Zacks Investment Research
1 day ago
Factors You Need to Know Ahead of NOV's Q1 Earnings Release
NOV is anticipated to report lower revenues from the year-ago period's level. However, it is expected to record a higher bottom line thanks to reduced costs.
Negative
Zacks Investment Research
3 days ago
Earnings Preview: Nov Inc. (NOV) Q1 Earnings Expected to Decline
Nov Inc. (NOV) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Positive
Zacks Investment Research
4 weeks ago
NOV & Petrobras Collaborate to Develop CO2-Resistant Flexible Pipes
NOV mentions that the new technology will help combat SCC, which affects oil and gas subsea infrastructure. It also aims to retain the core features of standard flexible pipes.
Positive
Zacks Investment Research
1 month ago
Here's Why Retaining NOV Stock Makes Sense in the Current Market
NOV's robust cash flow and growing backlog position it well, but risks from declining demand and commodity price fluctuations may impact growth.
Neutral
Business Wire
1 month ago
NOV Announces Key Leadership Changes
HOUSTON--(BUSINESS WIRE)--NOV Announces Key Leadership Changes.
Negative
Investors Business Daily
1 month ago
Do You Own 15 Stocks Morningstar Calls The Top 'Wealth Destroyers?'
The S&P 500 can generate massive wealth. But stocks can decimate portfolio values, too.
Neutral
Business Wire
2 months ago
NOV Declares Regular Quarterly Dividend
HOUSTON--(BUSINESS WIRE)--NOV Declares Regular Quarterly Dividend.
Neutral
Seeking Alpha
2 months ago
NOV: Shareholder Returns Have Likely Peaked For Now
NOV exceeded expectations for Q4 2024, thereby leading to a potential $80m supplemental dividend payment. A large working capital draw during 2024 boosted free cash flow, but this is not expected to be repeated during 2025. Since no capital expenditure cuts are planned for 2025 versus 2024, it also limits the potential for free cash flow.
Neutral
Seeking Alpha
2 months ago
NOV Inc. (NOV) Q4 2024 Earnings Call Transcript
NOV Inc. (NYSE:NOV ) Q4 2024 Earnings Conference Call February 5, 2025 11:00 AM ET Company Participants Amie D'Ambrosio - Director of Investor Relations Clay Williams - Chairman, President and Chief Executive Officer Jose Bayardo - Senior Vice President and Chief Financial Officer Conference Call Participants Jim Rollyson - Raymond James Roger Read - Wells Fargo Securities Daniel Kutz - Morgan Stanley Waqar Syed - ATB Capital Markets Operator Good day ladies and gentlemen, and thank you for standing by. Welcome to the NOV Fourth Quarter 2024 Earnings Conference Call.
Neutral
Zacks Investment Research
2 months ago
NOV Q4 Earnings Surpass Estimates, Revenues Decrease Y/Y
NOV expects a 1-3% year-over-year decline in revenues and adjusted EBITDA between $235 million and $265 million for first-quarter 2025.
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