NOV Inc. designs, constructs, manufactures, and sells systems, components, and products for use in oil and gas drilling and production, and industrial and renewable energy sectors worldwide. It operates through three segments: Wellbore Technologies, Completion & Production Solutions, and Rig Technologies. The company offers various equipment and technologies used to perform drilling operations. It also provides solids control and waste management equipment and services; portable power generation products; drill and wired pipes; drilling optimization and automation services; tubular inspection, repair, and coating services; instrumentation, and measuring and monitoring services; downhole and fishing tools; and drill bits. The company offers equipment and technologies for hydraulic fracture stimulation, including pressure pumping trucks, blenders, sanders, hydration and injection units, flowline, and manifolds; well intervention, such as coiled tubing and wireline units, as well as blowout preventers and tools; onshore production comprising fluid processing systems, composite pipes, surface transfer and progressive cavity pumps, and artificial lift systems; fluid processing and floating production systems, and subsea production technologies; and connectors for conductor pipes. It also provides substructures, derricks, and masts; cranes; jacking systems; pipe lifting, racking, rotating, and assembly systems; mud pumps; blowout preventers; drives and generators; rig instrumentation and control systems; mooring, anchor, and deck handling machinery; equipment components for offshore wind construction vessels; and pipelay and construction systems. NOV Inc. offers spare parts, repair, and rentals, as well as remote equipment monitoring, technical support, field, and customer training services. 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.
IPO Year:
Exchange: NYSE
Website: nov.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
11/11/2024 | $21.00 → $18.00 | Buy → Neutral | Citigroup |
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 |
7/14/2023 | $20.00 | Equal Weight | CapitalOne |
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 December 20, 2024 to each stockholder of record on December 6, 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 tha
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
Revenue of $2.22 billion, an increase of 6% year-over-year Net Income of $226 million, and $0.57 per share, up $71 million, or $0.18 per share, year-over-year Adjusted EBITDA* of $281 million, an increase of $36 million year-over-year Cash flow from operations of $432 million and free cash flow* of $350 million Bookings of $977 million, representing a 177% book-to-bill Repurchased 2.0 million shares of common stock for $37 million, at an average price of $18.50 per share * 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 EB
NOV Inc. (NYSE:NOV) will hold a conference call to discuss its second quarter 2024 results on Friday, July 26, 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, July 25, 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 effor
NOV Inc. (NYSE:NOV) today announced that its board of directors declared the regular quarterly cash dividend of $0.075 per share of common stock, payable on June 28, 2024 to each stockholder of record on June 14, 2024. This 50 percent increase in NOV's base dividend is consistent with the return of capital framework announced on April 25, 2024, under which the Company expects to return at least 50 percent of Excess Free Cash Flow (defined as cash flow from operations less capital expenditures and other investments, including acquisitions), through a combination of steady, quarterly base dividends, opportunistic stock buybacks and an annual supplemental dividend to true-up returns to share
Revenue of $2.16 billion, an increase of 10% year-over-year Operating Profit of $162 million, an increase of $36 million year-over-year Net Income of $119 million, down $7 million year-over-year Fully diluted earnings per share of $0.30, down $0.02 year-over-year Adjusted EBITDA* of $241 million, an increase of $46 million year-over-year Expects to return at least 50% of Excess Free Cash Flow* annually through base dividends, repurchases, and supplemental dividends Board authorization to repurchase up to $1.00 billion of shares over three years Expects to increase base dividend by 50% beginning in June 2024 * Adjusted EBITDA, Free cash flow, and Excess Free Cash Flo
NOV Inc. (NYSE:NOV) will hold a conference call to discuss its first quarter 2024 results on Friday, April 26, 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, April 25, 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 effort
NOV Inc. (NYSE:NOV) today announced that its Board of Directors declared the regular quarterly cash dividend of $0.05 per share of common stock, payable on March 28, 2024 to each stockholder of record on March 14, 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 that po
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 December 20, 2024 to each stockholder of record on December 6, 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 tha
Powered by Venture Builder VC, the five-month program offers startups unparalleled access to NOV's R&D and business units, with a focus on solving key enterprise challenges through paid pilot programs. Venture Builder VC has announced the launch of the NOV Supernova Accelerator, a new program cohort in partnership with NOV Inc. (NYSE:NOV), a prominent leader in technology, equipment, and services for the oil and gas sector. This cohort will focus on accelerating innovative solutions for NOV's digital transformation initiatives in the upstream oil and gas industry, leveraging Venture Builder VC's expertise in scaling high-potential startups. This five-month program will support high-potent
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
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
Revenue of $2.22 billion, an increase of 6% year-over-year Net Income of $226 million, and $0.57 per share, up $71 million, or $0.18 per share, year-over-year Adjusted EBITDA* of $281 million, an increase of $36 million year-over-year Cash flow from operations of $432 million and free cash flow* of $350 million Bookings of $977 million, representing a 177% book-to-bill Repurchased 2.0 million shares of common stock for $37 million, at an average price of $18.50 per share * 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 EB
NOV Inc. (NYSE:NOV) will hold a conference call to discuss its second quarter 2024 results on Friday, July 26, 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, July 25, 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 effor
NOV Inc. (NYSE:NOV) today announced that its board of directors declared the regular quarterly cash dividend of $0.075 per share of common stock, payable on June 28, 2024 to each stockholder of record on June 14, 2024. This 50 percent increase in NOV's base dividend is consistent with the return of capital framework announced on April 25, 2024, under which the Company expects to return at least 50 percent of Excess Free Cash Flow (defined as cash flow from operations less capital expenditures and other investments, including acquisitions), through a combination of steady, quarterly base dividends, opportunistic stock buybacks and an annual supplemental dividend to true-up returns to share
Revenue of $2.16 billion, an increase of 10% year-over-year Operating Profit of $162 million, an increase of $36 million year-over-year Net Income of $119 million, down $7 million year-over-year Fully diluted earnings per share of $0.30, down $0.02 year-over-year Adjusted EBITDA* of $241 million, an increase of $46 million year-over-year Expects to return at least 50% of Excess Free Cash Flow* annually through base dividends, repurchases, and supplemental dividends Board authorization to repurchase up to $1.00 billion of shares over three years Expects to increase base dividend by 50% beginning in June 2024 * Adjusted EBITDA, Free cash flow, and Excess Free Cash Flo
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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
Ascent Industries Co. (NASDAQ:ACNT) ("Ascent" or the "Company"), an industrials company focused on the production and distribution of industrial tubular products and specialty chemicals, has appointed John W. ("Wes") Johnson as president of Ascent Tubular, effective December 4, 2023. Mr. Johnson is a results-oriented executive bringing over 20 years of leadership experience across a variety of global industrial-focused companies. Most recently, he served as the senior vice president and global general manager of Corrpro, a subsidiary of Aegion Corporation that offers total corrosion solutions to the energy, Department of Defense, municipal, and marine markets. While at Corrpro, Mr. Johnso
DUBAI, UAE, May 8, 2023 /PRNewswire/ -- Borets International Limited, a global leader in artificial lift engineering, manufacturing, sales, and servicing of electric submersible pumps (ESP), announced the growing and evolving Company has undergone restructuring to reach this exciting juncture where the international business is a distinct and separate division. Accordingly, the rebranding of the company to Levare International Limited (Levare or Company) better aligns with the forward-thinking mindset of new leadership. This change reflects our growing portfolio of artificial lift solutions offered to our global clients within the oil & gas, mining, geothermal and municipal industries.
NASHVILLE, Tenn., Dec. 1, 2021 /PRNewswire/ -- LP Building Solutions ((LP, NYSE:LPX), a leading manufacturer of high-performance building products, today announced the appointment of Jose A. Bayardo to its Board of Directors, effective immediately. "With Jose's experience, expertise, and perspective, he will be a valuable addition to our Board." - CEO Brad SouthernBayardo is Senior Vice President (SVP) and Chief Financial Officer (CFO) of NOV Inc. (NYSE:NOV), a leading global provider of technology and equipment to the energy industry. Based in Houston, Texas, the 28,000-emplo
Crestwood Equity Partners LP (NYSE:CEQP) ("Crestwood") announced today that Angela A. Minas and Clay C. Williams have been appointed to serve on the Board of Directors of its general partner effective January 1, 2022. "I am pleased to welcome Angela and Clay to the Crestwood Board of Directors. Both of these highly regarded individuals bring a wealth of U.S. and global industry experience and perspective to our boardroom that will greatly benefit Crestwood as we navigate the dynamic energy industry and take advantage of opportunities to continue building a leading midstream infrastructure company," said Robert G. Phillips, Chairman, President and Chief Executive Officer of Crestwood's gene
NOV Inc. (NYSE:NOV) announced today that Robert Welborn has been appointed to the Company's Board of Directors, effective October 20, 2021. Mr. Welborn is the Head of Programs Data Science, Small Business Group for Facebook, Inc. where he oversees the development of solutions used by over 140 million businesses around the world. Prior to joining Facebook, he held various positions within General Motors, including Global Chief Data and Analytics Officer and served in several positions of increasing responsibility at USAA, including Chief Data Scientist. Mr. Welborn holds a Bachelor of Science in Engineering from Texas A&M University and a Master of Business Administration from the Universit
Citigroup downgraded NOV Inc. from Buy to Neutral and set a new price target of $18.00 from $21.00 previously
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
TD Cowen reiterated coverage of NOV Inc. with a rating of Buy and set a new price target of $26.00 from $27.00 previously
TD Cowen reiterated coverage of NOV Inc. with a rating of Outperform and set a new price target of $30.00 from $31.00 previously
The Benchmark Company downgraded NOV Inc. from Buy to Hold
JP Morgan upgraded NOV Inc. from Neutral to Overweight and set a new price target of $25.00 from $22.00 previously
Barclays downgraded NOV Inc. from Equal Weight to Underweight and set a new price target of $20.00
CapitalOne initiated coverage of NOV Inc. with a rating of Equal Weight and set a new price target of $20.00
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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The dividend is payable on June 28, 2024 to each stockholder of record on June 14, 2024.
NOV (NYSE:NOV) has been analyzed by 6 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 2 2 0 0 Last 30D 1 0 0 0 0 1M Ago 0 1 0 0 0 2M Ago 0 0 0 0 0 3M Ago 1 1 2 0 0 Insights from analysts' 12-month price targets are revealed, presenting an average target of $24.83, a high estimate of $26.00, and a low estimate of $22.00. This current average has decreased by 8.04% from the
TD Cowen analyst Marc Bianchi maintains NOV (NYSE:NOV) with a Buy and lowers the price target from $27 to $26.
NOV (NYSE:NOV) reported quarterly earnings of $0.30 per share which beat the analyst consensus estimate of $0.27 by 11.11 percent. This is a 6.25 percent decrease over earnings of $0.32 per share from the same period last year. The company reported quarterly sales of $2.15 billion which beat the analyst consensus estimate of $2.11 billion by 2.13 percent. This is a 9.84 percent increase over sales of $1.96 billion the same period last year.
Ratings for NOV (NYSE:NOV) were provided by 5 analysts in the past three months, showcasing a mix of bullish and bearish perspectives. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 2 2 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 1 0 0 3M Ago 1 1 1 0 0 Analysts have recently evaluated NOV and provided 12-month price targets. The average target is $24.6, accompanied by a high estimate of $26.00 and a low estimate of $22.00. A negative shift in sentiment is evident as analy