Is Nov stock a good buy?

NOV stock has received a consensus rating of buy . The average rating score is and is based on 22 buy ratings, 18 hold ratings, and 3 sell ratings.

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What is November stock forecast?

Based on 10 Wall Street analysts offering 12 month price targets for NOV in the last 3 months. The average price target is $23.11 with a high forecast of $26.00 and a low forecast of $17.00 . The average price target represents a 22.28% change from the last price of $18.90.

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Why is NOV stock down?

NOV stock drops after BofA analysts turns bearish after double downgrade. Shares of NOV Inc. dropped 3.4% in afternoon trading Friday, after BofA Securities analyst Chase Mulvehill swung to bearish from bullish on the oil services company, citing valuation and concerns over the negative impacts ...

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Is Novo Nordisk a buy, sell, or hold?

The Novo Nordisk A/S stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average.

Is Black Hills Corporation a good stock to buy?

The highest analyst price target is $61.00 ,the lowest forecast is $54.00. The average price target represents 0.88% Increase from the current price of $56.75. Black Hills Corp.'s analyst rating consensus is a Hold . This is based on the ratings of 4 Wall Streets Analysts.

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If you feel the stock has fallen because the market has overreacted to something, then buying more shares may be a good thing . Likewise, if you feel there has been no fundamental change to the company, then a lower share price may be a great opportunity to scoop up some more stock at a bargain.

Should I sell BA stock?

What is BA's upside potential, based on the analysts' average price target? Boeing has 20.62% upside potential, based on the analysts' average price target. Is BA a Buy, Sell or Hold? Boeing has a consensus rating of Moderate Buy which is based on 17 buy ratings, 7 hold ratings and 2 sell ratings.

NOV (NYSE:NOV) - Stock Price, News & Analysis

NOV Stock Overview

About the company

NOV fundamental analysis
Snowflake Score
Valuation	6/6
Future Growth	0/6
Past Performance	5/6
Financial Health	4/6
Dividends	1/6

Rewards

Trading at 36.2% below our estimate of its fair value

Earnings grew by 540.6% over the past year

Trading at good value compared to peers and industry

Analysts in good agreement that stock price will rise by 39%

Risk Analysis

Earnings are forecast to decline by an average of 6.2% per year for the next 3 years
See Also
LCID Stock Analysis: Too Much Risk, Not Enough Reward Best Stocks To Buy Now: March 2024 7 No-Frills Dividend Stocks for Your Must-Own List 7 No-Frills Dividend Stocks for Your Must-Own List 3 Magnificent 7 Stocks to Buy Before They Soar 50%

NOV Inc. Competitors

ChampionXNasdaqGS:CHXUS$6.0b

Weatherford InternationalNasdaqGS:WFRDUS$7.6b

TechnipFMCNYSE:FTIUS$9.4b

TidewaterNYSE:TDWUS$4.3b

Price History & Performance

Summary of all time highs, changes and price drops for NOV
Historical stock prices
Current Share Price	US$17.24
52 Week High	US$23.00
52 Week Low	US$14.05
Beta	1.73
1 Month Change	-0.40%
3 Month Change	-6.56%
1 Year Change	-23.62%
3 Year Change	2.86%
5 Year Change	-36.38%
Change since IPO	242.66%

Recent News & Updates

NOV (NYSE:NOV) Is Paying Out A Dividend Of $0.05Mar 07Some Confidence Is Lacking In NOV Inc.'s (NYSE:NOV) P/SMar 05There May Be Underlying Issues With The Quality Of NOV's (NYSE:NOV) EarningsFeb 15

Recent updates

NOV (NYSE:NOV) Is Paying Out A Dividend Of $0.05Mar 07Some Confidence Is Lacking In NOV Inc.'s (NYSE:NOV) P/SMar 05There May Be Underlying Issues With The Quality Of NOV's (NYSE:NOV) EarningsFeb 15NOV's Selloff On Last Week's Events Is Likely Overdone, But Wait For The Dust To Settle Feb 05Earnings Beat: NOV Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their ModelsFeb 04Estimating The Intrinsic Value Of NOV Inc. (NYSE:NOV)Jan 14NOV Earnings Preview: Cash Flow Inflection Point Is Coming Jan 08We Think NOV (NYSE:NOV) Can Stay On Top Of Its DebtDec 18NOV (NYSE:NOV) Is Looking To Continue Growing Its Returns On CapitalDec 05NOV (NYSE:NOV) Will Pay A Dividend Of $0.05Nov 20Here's Why We Think NOV (NYSE:NOV) Is Well Worth WatchingOct 30NOV: A Balanced Approach For Long-Term Investors Oct 24NOV Inc.'s (NYSE:NOV) Intrinsic Value Is Potentially 38% Above Its Share PriceOct 13Returns Are Gaining Momentum At NOV (NYSE:NOV)Sep 04NOV: Riding The Wave Of International Drilling Growth Aug 09NOV Inc.'s (NYSE:NOV) P/S Still Appears To Be ReasonableJul 26A Look At The Fair Value Of NOV Inc. (NYSE:NOV)Jul 08We Think NOV (NYSE:NOV) Is Taking Some Risk With Its DebtJun 19NOV: A Hold Until Valuation Goes Down May 26NOV (NYSE:NOV) Is Looking To Continue Growing Its Returns On CapitalApr 17A Look At The Fair Value Of NOV Inc. (NYSE:NOV)Mar 27NOV (NYSE:NOV) Has A Somewhat Strained Balance SheetMar 06National Oilwell Varco declares $0.05 dividend Feb 24National Oilwell Varco Q4 2022 Earnings Preview Feb 05NOV: Time To Lock In Some Profits Jan 11The Return Trends At NOV (NYSE:NOV) Look PromisingDec 26Estimating The Intrinsic Value Of NOV Inc. (NYSE:NOV)Nov 29NOV Inc: Inevitable Upside But A Risky Entry Now Nov 06National Oilwell Varco GAAP EPS of $0.08 misses by $0.09, revenue of $1.89B beats by $70M Oct 27National Oilwell Varco declares $0.05 dividend Aug 17Are Investors Undervaluing NOV Inc. (NYSE:NOV) By 40%?Aug 16NOV GAAP EPS of $0.18 beats by $0.14, revenue of $1.73B beats by $100M Jul 27We Think NOV (NYSE:NOV) Has A Fair Chunk Of DebtJul 25NOV Has Peaked May 11Calculating The Intrinsic Value Of NOV Inc. (NYSE:NOV)May 05We Think NOV (NYSE:NOV) Has A Fair Chunk Of DebtApr 09NOV Inc.: Waiting For A Dip Mar 18NOV Inc.'s (NYSE:NOV) Intrinsic Value Is Potentially 36% Above Its Share PriceJan 19NOV (NYSE:NOV) Is Carrying A Fair Bit Of DebtDec 29NOV: Dividends Reinstated, But Keep Expectations Low Dec 28

Shareholder Returns

	NOV	US Energy Services	US Market
7D	1.9%	2.6%	0.5%
1Y	-23.6%	-3.8%	25.4%

Return vs Industry: NOV underperformed the US Energy Services industry which returned -5.6% over the past year.

Return vs Market: NOV underperformed the US Market which returned 24.9% over the past year.

Price Volatility

Is NOV's price volatile compared to industry and market?
NOV volatility
NOV Average Weekly Movement	5.3%
Energy Services Industry Average Movement	5.7%
Market Average Movement	6.1%
10% most volatile stocks in US Market	17.0%
10% least volatile stocks in US Market	3.1%

Stable Share Price: NOV has not had significant price volatility in the past 3 months.
See Also
The Top 7 Stocks to Buy in March 2024

Volatility Over Time: NOV's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1862	33,676	Clay Williams	https://www.nov.com

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.

NOV Inc. Fundamentals Summary

How do NOV's earnings and revenue compare to its market cap?
NOV fundamental statistics
Market cap	US$6.69b
Earnings (TTM)	US$993.00m
Revenue (TTM)	US$8.58b

6.8x

P/E Ratio

0.8x

P/S Ratio

Is NOV overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NOV income statement (TTM)
Revenue	US$8.58b
Cost of Revenue	US$6.74b
Gross Profit	US$1.84b
Other Expenses	US$850.00m
Earnings	US$993.00m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	2.52
Gross Margin	21.47%
Net Profit Margin	11.57%
Debt/Equity Ratio	27.6%

How did NOV perform over the long term?

See historical performance and comparison

Dividends

1.2%

Current Dividend Yield

8%

Payout Ratio

Does NOV pay a reliable dividends?

See NOV dividend history and benchmarks

When do you need to buy NOV by to receive an upcoming dividend?
NOV dividend dates
Ex Dividend Date	Mar 13 2024
Dividend Pay Date	Mar 28 2024
Days until Ex dividend	5 days
Days until Dividend pay date	20 days