NOV's Order Book and Backlog Should Lead to Improved Outlook

NOV is a large diversified oilfield-services supplier that competes with SLB, Halliburton, and Baker Hughes. It grapples with the Big Three in many end markets, but its significant presence in equipment manufacturing sets it apart. NOV is the largest original equipment manufacturer of rig systems for oilfield-services providers in onshore and offshore markets. It's maintained majority market share for two decades, controlling over half the market.