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1 Comment
NOV Inc is currently in a long term uptrend where the price is trading 1.6% above its 200 day moving average.
From a valuation standpoint, the stock is 99.1% cheaper than other stocks from the Energy sector with a price to sales ratio of 0.8.
NOV Inc's total revenue sank by 41.8% to $1B since the same quarter in the previous year.
Its net income has increased by 9.9% to $-347M since the same quarter in the previous year.
Finally, its free cash flow fell by 67.2% to $133M since the same quarter in the previous year.
Based on the above factors, NOV Inc gets an overall score of 3/5.
| Exchange | F |
|---|---|
| CurrencyCode | EUR |
| ISIN | US62955J1034 |
| Sector | Energy |
| Industry | Oil & Gas Equipment & Services |
| Market Cap | 6B |
|---|---|
| PE Ratio | 49.29 |
| Target Price | 21.15 |
| Beta | 0.93 |
| Dividend Yield | 1.7% |
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 in two segments, Energy Equipment, and Energy Products and Services. The Energy Products and Services segment offers drill bits and borehole enlargement products; independent drilling and intervention downhole tools equipment; frac plugs, frac sleeves, toe initiation burst port systems, and recyclable setting tools; electric submersible pumps, high viscosity pumps, and surface pumps; tubular coating and inspection services for drill-pipe and other oil country tubular goods; solids control and waste management equipment and services; data and digital solutions; precision-engineered drill pipe and drill-stem equipment; connectors and integral thread solutions, including conductor strings, surface casing, and liners; and composite pipe, tanks, and structures. Its Energy Equipment segment provides drilling equipment, such as land rigs, complete offshore drilling packages, and rig components; capital equipment, related consumables, and digital products for hydraulic stimulation, coiled tubing, and wireline services; marine and construction solutions; processing solutions for the separation and treatment of oil, gas, solids, seawater, and produced water production; flexible subsea pipe systems; cavity pumps, specialized mixers and heat exchangers; and reciprocating, multistage, and progressive cavity pumps, midstream products, including closures, transfer pumps, chokes and valves, as well as artificial lift support systems that include production BOPs and stuffing boxes. 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.
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