The Benchmark Company downgraded NOV Inc. from Buy to Hold
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/28/2024 | $28.00 → $22.00 | Buy | TD Cowen |
| 9/25/2024 | $20.00 → $16.00 | Equal Weight → Underweight | Wells Fargo |
| 7/29/2024 | $27.00 → $28.00 | Buy | TD Cowen |
| 4/29/2024 | $27.00 → $26.00 | Buy | TD Cowen |
| 2/5/2024 | $31.00 → $30.00 | Outperform | TD Cowen |
| 1/16/2024 | Buy → Hold | The Benchmark Company | |
| 12/8/2023 | $22.00 → $25.00 | Neutral → Overweight | JP Morgan |
| 10/17/2023 | $20.00 | Equal Weight → Underweight | Barclays |
Net Income of $130 million, or $0.33 per share, up $16 million, or $0.04 per share, year-over-year Adjusted EBITDA* of $286 million, an increase of $19 million year-over-year Cash flow from operations of $359 million and free cash flow* of $277 million Bookings of $627 million, representing a 111% book-to-bill Repurchased 4.6 million shares of common stock * Adjusted EBITDA and Free Cash Flow are non-GAAP measures, see "Non-GAAP Financial Measures," "Reconciliation of Cash Flows from Operating Activities to Free Cash Flow" and "Reconciliation of Adjusted EBITDA to Net Income" below. NOV Inc. (NYSE:NOV) today reported third quarter 2024 revenues of $2.19 billion, an increase of $
NOV Inc. (NYSE:NOV) will hold a conference call to discuss its third quarter 2024 results on Friday, October 25, 2024, at 10 a.m. (Central Time). NOV will issue a press release with the Company's results after the market closes for trading on Thursday, October 24, 2024. The call will be webcast live on www.nov.com/investors. About NOV NOV delivers technology-driven solutions to empower the global energy industry. For more than 150 years, NOV has pioneered innovations that enable its customers to safely produce abundant energy while minimizing environmental impact. The energy industry depends on NOV's deep expertise and technology to continually improve oilfield operations and assist in ef
John Moore, Cormetech's Chairman of the Board announced that Cormetech, a leading manufacturer of SCR Catalyst and Carbon Capture Adsorbers and Services for the emissions control industry, is appointing Patricia Martinez as the new President & CEO, effective August 19th, 2024. This strategic leadership transition comes as Mike Mattes retires from the role of President & CEO to assume the position of Chairman of the Cormetech Board of Directors. John Moore said, "I am excited for Patricia and Mike to collaborate and eager to continue to support in my continued role as a Cormetech Board Member." Patricia brings a wealth of experience and a proven track record of growing businesses in the na
10-Q - NOV Inc. (0001021860) (Filer)
8-K - NOV Inc. (0001021860) (Filer)
8-K - NOV Inc. (0001021860) (Filer)
TD Cowen reiterated coverage of NOV Inc. with a rating of Buy and set a new price target of $22.00 from $28.00 previously
Wells Fargo downgraded NOV Inc. from Equal Weight to Underweight and set a new price target of $16.00 from $20.00 previously
TD Cowen reiterated coverage of NOV Inc. with a rating of Buy and set a new price target of $28.00 from $27.00 previously
B of A Securities analyst Saurabh Pant maintains NOV (NYSE:NOV) with a Buy and lowers the price target from $24 to $22.
Piper Sandler analyst Luke Lemoine maintains NOV (NYSE:NOV) with a Neutral and lowers the price target from $22 to $20.
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Net Income of $130 million, or $0.33 per share, up $16 million, or $0.04 per share, year-over-year Adjusted EBITDA* of $286 million, an increase of $19 million year-over-year Cash flow from operations of $359 million and free cash flow* of $277 million Bookings of $627 million, representing a 111% book-to-bill Repurchased 4.6 million shares of common stock * Adjusted EBITDA and Free Cash Flow are non-GAAP measures, see "Non-GAAP Financial Measures," "Reconciliation of Cash Flows from Operating Activities to Free Cash Flow" and "Reconciliation of Adjusted EBITDA to Net Income" below. NOV Inc. (NYSE:NOV) today reported third quarter 2024 revenues of $2.19 billion, an increase of $
NOV Inc. (NYSE:NOV) will hold a conference call to discuss its third quarter 2024 results on Friday, October 25, 2024, at 10 a.m. (Central Time). NOV will issue a press release with the Company's results after the market closes for trading on Thursday, October 24, 2024. The call will be webcast live on www.nov.com/investors. About NOV NOV delivers technology-driven solutions to empower the global energy industry. For more than 150 years, NOV has pioneered innovations that enable its customers to safely produce abundant energy while minimizing environmental impact. The energy industry depends on NOV's deep expertise and technology to continually improve oilfield operations and assist in ef
NOV Inc. (NYSE:NOV) announced today that its Board of Directors declared a regular quarterly cash dividend of $0.075 per share of common stock, payable on September 27, 2024 to each stockholder of record on September 13, 2024. About NOV NOV delivers technology-driven solutions to empower the global energy industry. For more than 150 years, NOV has pioneered innovations that enable its customers to safely produce abundant energy while minimizing environmental impact. The energy industry depends on NOV's deep expertise and technology to continually improve oilfield operations and assist in efforts to advance the energy transition towards a more sustainable future. NOV powers the industry
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4 - NOV Inc. (0001021860) (Issuer)
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John Moore, Cormetech's Chairman of the Board announced that Cormetech, a leading manufacturer of SCR Catalyst and Carbon Capture Adsorbers and Services for the emissions control industry, is appointing Patricia Martinez as the new President & CEO, effective August 19th, 2024. This strategic leadership transition comes as Mike Mattes retires from the role of President & CEO to assume the position of Chairman of the Cormetech Board of Directors. John Moore said, "I am excited for Patricia and Mike to collaborate and eager to continue to support in my continued role as a Cormetech Board Member." Patricia brings a wealth of experience and a proven track record of growing businesses in the na
NOV Inc. (NYSE:NOV) announced today the appointment of Patricia Martinez to NOV's Board of Directors, effective March 6, 2024. "We are delighted to welcome Patricia Martinez to NOV's board of directors," said Clay Williams, Chairman, President, and Chief Executive Officer. "Patricia brings extensive industry experience to our board, including growing energy businesses in international markets, and more recently guiding and developing projects within the energy transition ranging from CCUS to hydrogen to biogas. Her deep insights into emerging energy opportunities will help shape NOV's energy transition strategy." Ms. Martinez was the Chief Energy Transition Officer of Enerflex Ltd. (TSX
NOV Inc. (NYSE:NOV) announced today that Patricia B. "Patti" Melcher has been appointed to the Company's Board of Directors, effective January 17, 2024. Ms. Melcher is currently a Managing Partner of EIV Capital, an energy-focused private equity firm she co-founded in 2009. "We are pleased to welcome Patti to our board of directors and look forward to her contributions and insights in capital allocation and governance," said Clay Williams, Chairman, President, and Chief Executive Officer. "Patti is an outstanding business leader who brings decades of oilfield service and sustainable energy investing experience to our board, who will help guide our innovations to empower the energy industr