NOV Inc
NOV: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|.R% | LOCK|fN | LOCK|vmFSQg |
NOV Earnings: Strong Long-Term Offshore Investment Lifts Fair Value Estimate; Stock Fully Priced
NOV produced second-quarter revenue of $2.13 billion, down 2% year on year from disruptions in the Middle East but up 4% sequentially. And despite the year-on-year sales decline, EBITDA margin improved roughly 180 basis points year on year, mostly on higher energy equipment sales.
