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NOV Inc NOV Stock Quote

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NYSE:NOV

Morningstar‘s Stock Analysis NOV

Valuation
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1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

NOV’s Third-Quarter Results Driven by Strength in North American Oil and Gas Production

Analyst Note

| Katherine Olexa |

NOV’s third-quarter results reflect strong oil and gas production activity despite persistent supply chain disruptions weighing on operational results. Total revenue grew 9% quarter over quarter and 41% year over year, while the companywide operating margin held steady at 3%. We’re raising our fair value estimate slightly to $22 per share from $20 following results. Our no moat and stable moat trend ratings and Morningstar Uncertainty Rating of Very High are unchanged.

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Key Statistics NOV

Company Profile NOV

Business Description

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 more than a thousand locations on six continents.

Contact
7909 Parkwood Circle Drive
Houston, TX, 77036-6565
T +1 713 346-7500
Sector Energy
Industry Oil & Gas Equipment & Services
Most Recent Earnings Sep 30, 2022
Fiscal Year End Dec 31, 2022
Employees 27,043

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