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NOV Inc NOV

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Stock XNYS Rating as of
$18.83 −0.03 (0.16%)
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As of Delayed Price Post-Trading: $18.83 0.00
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Company Report

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NOV Should Benefit From Higher Demand in Its International and Offshore Markets

Stephen Ellis

NOV is the fourth-largest diversified oilfield-services supplier after Schlumberger, Halliburton, and Baker Hughes. It competes 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 both onshore and offshore markets. It's maintained majority market share for two decades, controlling over half the market.

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Price vs Fair Value

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NOV is trading within a range we consider fairly valued.
Price
$18.59
Fair Value
$82.00
Uncertainty
Very High
1-Star Price
$96.60
5-Star Price
$68.00
Economic Moat
Fspc
Capital Allocation
Jbsvyjz

Bulls Say, Bears Say

Bulls

Increased production activity and diminished excess inventory will increase demand for NOV’s highly profitable rig aftermarket services.

Bears

Demand for new rig equipment will never return to previous levels, permanently reducing services providers’ reliance on NOV.

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News

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Trading Information

Previous Close Price
$18.86
Day Range
$18.55–18.92
52-Week Range
$14.05–21.91
Bid/Ask
$18.49 / $19.00
Market Cap
$7.45 Bil
Volume/Avg
3.2 Mil / 4.3 Mil

Key Statistics

Price/Earnings (Normalized)
13.43
Price/Sales
0.86
Dividend Yield (Trailing)
1.08%
Dividend Yield (Forward)
1.08%
Total Yield
1.06%

Company Profile

NOV (formerly National Oilwell Varco) is a leading supplier of oil and gas drilling rig equipment and products, such as downhole tools, drill pipe, and well casing. The company operates on a global scale, with international markets contributing more than 60% of its annual revenue.
Sector
Energy
Industry
Oil & Gas Equipment & Services
Stock Style Box
Small Core
Total Number of Employees
33,676
Website
https://www.nov.com

Competitors

Valuation

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Metric
NOV
BKR
HAL
Price/Earnings (Normalized)
 13.4320.2912.14
Price/Book Value
 1.192.113.54
Price/Sales
 0.861.291.51
Price/Cash Flow
 10.1512.51—
Price/Earnings
NOV
BKR
HAL

Financial Strength

Metric
NOV
BKR
HAL
Quick Ratio
 1.420.751.30
Current Ratio
 2.401.252.12
Interest Coverage
 7.6413.295.98
Quick Ratio
NOV
BKR
HAL

Profitability

Metric
NOV
BKR
HAL
Return on Assets (Normalized)
 9.90%4.54%11.77%
Return on Equity (Normalized)
 18.94%10.83%32.42%
Return on Invested Capital (Normalized)
 13.72%8.24%18.20%
Return on Assets
NOV
BKR
HAL
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Oil & Gas Equipment & Services Industry Comparables

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Morningstar Rating for Stocks
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Economic Moat
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HAL
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BKR
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TS
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