Is NOV Stock a Good Investment?
NOV Investment Advice | NOV |
- Examine NOV's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research NOV's leadership team and their track record. Good management can help NOV navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Oil & Gas Equipment & Services space and any emerging trends that could impact NOV's business and its evolving consumer preferences.
- Compare NOV's performance and market position to its competitors. Analyze how NOV is positioned in terms of product offerings, innovation, and market share.
- Check if NOV pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about NOV's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in NOV Inc stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if NOV Inc is a good investment.
Sell | Buy |
Strong Hold
Market Performance | Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Very Small | Details | |
Economic Sensitivity | Slowly supersedes the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine NOV Stock
Researching NOV's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 99.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 0.91. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. NOV Inc has Price/Earnings To Growth (PEG) ratio of 0.27. The entity last dividend was issued on the 6th of December 2024. The firm had 1109:1000 split on the 2nd of June 2014.
To determine if NOV is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding NOV's research are outlined below:
| NOV Inc is unlikely to experience financial distress in the next 2 years | |
| Over 99.0% of the company shares are owned by institutional investors | |
| Latest headline from thelincolnianonline.com: NOVs In-Line Rating Reaffirmed at Evercore ISI |
NOV uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in NOV Inc. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to NOV's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 1st of February 2024 Upcoming Quarterly Report | View | |
| 24th of April 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 1st of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact NOV's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises NOV's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2019-02-06 | 2018-12-31 | 0.08 | 0.09 | 0.01 | 12 | ||
2017-10-26 | 2017-09-30 | -0.08 | -0.07 | 0.01 | 12 | ||
2000-10-24 | 2000-09-30 | 0.07 | 0.08 | 0.01 | 14 | ||
2000-08-01 | 2000-06-30 | 0.03 | 0.04 | 0.01 | 33 | ||
2000-02-10 | 1999-12-31 | 0.03 | 0.02 | -0.01 | 33 | ||
1999-07-27 | 1999-06-30 | 0.02 | 0.01 | -0.01 | 50 | ||
1997-04-18 | 1997-03-31 | 0.07 | 0.08 | 0.01 | 14 | ||
2003-07-25 | 2003-06-30 | 0.14 | 0.12 | -0.02 | 14 |
NOV Target Price Consensus
NOV target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. NOV's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
| 26 | Buy |
Most NOV analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand NOV stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of NOV Inc, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice Exposure ValuationNOV Target Price Projection
NOV's current and average target prices are 15.62 and 19.46, respectively. The current price of NOV is the price at which NOV Inc is currently trading. On the other hand, NOV's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.Target Price
Analyst Consensus On NOV Target Price
NOV Analyst Ratings
NOV's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about NOV stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of NOV's financials, market performance, and future outlook by experienced professionals. NOV's historical ratings below, therefore, can serve as a valuable tool for investors.Know NOV's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as NOV is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading NOV Inc backward and forwards among themselves. NOV's institutional investor refers to the entity that pools money to purchase NOV's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Ameriprise Financial Inc | 2024-09-30 | 4.1 M | Earnest Partners Llc | 2024-09-30 | 3.9 M | Fidelity International Ltd | 2024-09-30 | 3.6 M | Amvescap Plc. | 2024-09-30 | 3.6 M | Artisan Partners Limited Partnership | 2024-09-30 | 3.5 M | Bank Of America Corp | 2024-09-30 | 3.4 M | Allspring Global Investments Holdings, Llc | 2024-09-30 | 3.1 M | Charles Schwab Investment Management Inc | 2024-09-30 | 2.9 M | Ninety One Uk Limited | 2024-09-30 | 2.9 M | Pzena Investment Management, Llc | 2024-09-30 | 43 M | Blackrock Inc | 2024-09-30 | 39.7 M |
NOV's market capitalization trends
The company currently falls under 'Mid-Cap' category with a total capitalization of 5.88 B.Market Cap |
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NOV's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.12 | 0.13 | |
| Return On Capital Employed | 0.08 | 0.10 | |
| Return On Assets | 0.10 | 0.11 | |
| Return On Equity | 0.16 | 0.19 |
Determining NOV's profitability involves analyzing its financial statements and using various financial metrics to determine if NOV is a good buy. For example, gross profit margin measures NOV's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of NOV's profitability and make more informed investment decisions.
Please note, the imprecision that can be found in NOV's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of NOV Inc. Check NOV's Beneish M Score to see the likelihood of NOV's management manipulating its earnings.
Evaluate NOV's management efficiency
NOV Inc has Return on Asset of 0.0428 % which means that on every $100 spent on assets, it made $0.0428 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.1769 %, implying that it generated $0.1769 on every 100 dollars invested. NOV's management efficiency ratios could be used to measure how well NOV manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to climb to 0.13 in 2025. Return On Capital Employed is likely to climb to 0.10 in 2025. At this time, NOV's Return On Assets are fairly stable compared to the past year. Asset Turnover is likely to climb to 0.89 in 2025, whereas Other Assets are likely to drop slightly above 267.6 M in 2025.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 14.29 | 17.50 | |
| Tangible Book Value Per Share | 9.69 | 7.07 | |
| Enterprise Value Over EBITDA | 10.94 | 15.04 | |
| Price Book Value Ratio | 1.49 | 2.10 | |
| Enterprise Value Multiple | 10.94 | 15.04 | |
| Price Fair Value | 1.49 | 2.10 | |
| Enterprise Value | 13.3 B | 6.7 B |
The management team at NOV has a track record of steering the company towards sustained growth. Evaluating their strategies helps in understanding the stock's long-term potential.
Basic technical analysis of NOV Stock
As of the 18th of January 2025, NOV secures the Market Risk Adjusted Performance of (0.24), risk adjusted performance of (0.04), and Mean Deviation of 1.19. Concerning fundamental indicators, the technical analysis model lets you check available technical drivers of NOV Inc, as well as the relationship between them. Please verify NOV Inc market risk adjusted performance and treynor ratio to decide if NOV Inc is priced favorably, providing market reflects its recent price of 15.62 per share. Given that NOV Inc has information ratio of (0.06), we recommend you to check NOV's last-minute market performance to make sure the company can sustain itself next year.NOV's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific NOV insiders, such as employees or executives, is commonly permitted as long as it does not rely on NOV's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases NOV insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Kendall Christian S over a month ago Insider Trading | ||
Kirk Shelton over a month ago Disposition of 2918 shares by Kirk Shelton of NOV at 21.65 subject to Rule 16b-3 | ||
Craig Weinstock over two months ago Disposition of 15481 shares by Craig Weinstock of NOV at 16.394 subject to Rule 16b-3 | ||
Marcela Donadio over six months ago Acquisition by Marcela Donadio of 9550 shares of NOV subject to Rule 16b-3 | ||
Joseph Rovig over six months ago Disposition of 2864 shares by Joseph Rovig of NOV at 17.23 subject to Rule 16b-3 | ||
Clay Williams over a year ago Acquisition by Clay Williams of 134717 shares of NOV subject to Rule 16b-3 | ||
Clay Williams over a year ago Payment of 18692 shares by Clay Williams of NOV subject to Rule 16b-3 | ||
Clay Williams over a year ago Payment of 16759 shares by Clay Williams of NOV subject to Rule 16b-3 |
NOV's Outstanding Corporate Bonds
NOV issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. NOV Inc uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most NOV bonds can be classified according to their maturity, which is the date when NOV Inc has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| US62954RAA41 Corp BondUS62954RAA41 | View | |
| US62957HAJ41 Corp BondUS62957HAJ41 | View | |
| NXPI 265 15 FEB 32 Corp BondUS62954HAJ77 | View | |
| NXPI 3125 15 FEB 42 Corp BondUS62954HAL24 | View | |
| NXPI 325 30 NOV 51 Corp BondUS62954HAN89 | View | |
| International Game Technology Corp BondUS460599AD57 | View | |
| NXPI 25 11 MAY 31 Corp BondUS62954HBA59 | View | |
| NXPI 5 15 JAN 33 Corp BondUS62954HBB33 | View |
Understand NOV's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing NOV's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | (0.04) | |||
| Market Risk Adjusted Performance | (0.24) | |||
| Mean Deviation | 1.19 | |||
| Coefficient Of Variation | (1,794) | |||
| Standard Deviation | 1.78 | |||
| Variance | 3.18 | |||
| Information Ratio | (0.06) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.10) | |||
| Treynor Ratio | (0.25) | |||
| Maximum Drawdown | 12.99 | |||
| Value At Risk | (2.20) | |||
| Potential Upside | 1.95 | |||
| Skewness | 1.96 | |||
| Kurtosis | 9.81 |
| Risk Adjusted Performance | (0.04) | |||
| Market Risk Adjusted Performance | (0.24) | |||
| Mean Deviation | 1.19 | |||
| Coefficient Of Variation | (1,794) | |||
| Standard Deviation | 1.78 | |||
| Variance | 3.18 | |||
| Information Ratio | (0.06) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.10) | |||
| Treynor Ratio | (0.25) | |||
| Maximum Drawdown | 12.99 | |||
| Value At Risk | (2.20) | |||
| Potential Upside | 1.95 | |||
| Skewness | 1.96 | |||
| Kurtosis | 9.81 |
Consider NOV's intraday indicators
NOV intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of NOV stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
| Accumulation Distribution | 173218.0 | |||
| Daily Balance Of Power | 0.9804 | |||
| Rate Of Daily Change | 1.03 | |||
| Day Median Price | 15.4 | |||
| Day Typical Price | 15.47 | |||
| Price Action Indicator | 0.47 | |||
| Period Momentum Indicator | 0.5 |
NOV Corporate Filings
F3 | 17th of December 2024 The report used by insiders such as officers, directors, and major shareholders (beneficial owners holding more than 10% of any class of the company's equity securities) to declare their ownership of a company's stock | ViewVerify |
8K | 16th of December 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
F4 | 21st of November 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
13A | 12th of November 2024 An amended filing to the original Schedule 13G | ViewVerify |
NOV Stock media impact
Far too much social signal, news, headlines, and media speculation about NOV that are available to investors today. That information is available publicly through NOV media outlets and privately through word of mouth or via NOV internal channels. However, regardless of the origin, that massive amount of NOV data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of NOV news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of NOV relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to NOV's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive NOV alpha.
NOV Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards NOV can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
NOV Inc Historical Investor Sentiment
Investor biases related to NOV's public news can be used to forecast risks associated with an investment in NOV. The trend in average sentiment can be used to explain how an investor holding NOV can time the market purely based on public headlines and social activities around NOV Inc. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
NOV's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for NOV and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average NOV news discussions. The higher the estimate score, the more favorable the investor's outlook on NOV.
NOV Maximum Pain Price Across February 21st 2025 Option Contracts
NOV's options can also be used to analyze investors' bias and current market sentiment in the context of behavioral finance. For example, Max pain usually refers to a trading concept that asserts that market manipulation can cause the market price of NOV close to the expiration of its current option contract to expire worthlessly. According to most research, about 35% of options are not executed, with roughly 50% traded out before expiration. So, Max pain occurs when market makers reach a net favorable position across all options at a strike price where option holders stand to lose the most money. By contrast, option sellers may reap the most after selling more options than buying, causing them to expire worthlessly. Please continue to view the detailed analysis of NOV's options.
NOV Corporate Directors
| Amie DAmbrosio | Director Relations | Profile | |
| Ben Guill | Independent Director | Profile | |
| William Thomas | Independent Director | Profile | |
| Greg Armstrong | Lead Independent Director | Profile |
Additional Tools for NOV Stock Analysis
When running NOV's price analysis, check to measure NOV's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NOV is operating at the current time. Most of NOV's value examination focuses on studying past and present price action to predict the probability of NOV's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NOV's price. Additionally, you may evaluate how the addition of NOV to your portfolios can decrease your overall portfolio volatility.