NOV Inc NOV

Stock XNYS Rating as of Jul 17, 2026

$19.55 +0.03 (0.15%)

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As of Jul 20, 2026, 8:00:15 PM Delayed Price Post-Trading: $19.55 0.00

Company Report

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NOV's Rig Equipment Business Should Benefit From Greater Long-Term Offshore Investment

Joshua Aguilar, Francis Petropoulos Apr 29, 2026

NOV is a large, diversified oilfield services supplier with leading market positions in rig equipment, solids control services, and downhole tools, among others. But since the peak of the US shale revolution until the present, the company has undergone a period of meaningful value destruction, only starting to turn around this slide in the early 2020s with cost rationalization initiatives. The lean return years have been due to a meaningful fall in global rig count due to rising producer efficiencies that has hurt NOV’s core business. NOV will still have to contend with these issues amid OPEC+’s decision to keep the market well supplied with oil in 2025 and the related fallout.

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Price vs Fair Value

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NOV is trading at a LOCK|lq#x?k premium.

Price

$19.52

Jul 17, 2026

Fair Value

Feb 9, 2026

Uncertainty

LOCK|L@

1-Star Price: LOCK|.<L
5-Star Price: LOCK|.z
Economic Moat: LOCK|f@F
Capital Allocation: LOCK|@lgG>g

Bulls Say, Bears Say

Bulls

A renaissance in offshore activity can fully offset any headwinds for NOV and lead to meaningfully higher revenue.

Bears

Rig equipment demand won’t ever return to prior US shale revolution levels, permanently reducing customers’ need for NOV’s core offerings.

Trading Information

Previous Close Price: $19.52
Day Range: $19.44–19.93
52-Week Range: $11.78–21.55
Bid/Ask: $19.28 / $19.95
Shares Outstanding: 358.89M
Market Cap: $7.02B
Volume/Avg: 3M / 4M

Key Statistics

Price/Earnings (Normalized): 22.32
Price/Sales: 0.83
Dividend Yield (Trailing): 1.77%
Dividend Yield (Forward): 1.77%
Total Yield: 6.06%

Company Profile

NOV (formerly National Oilwell Varco) designs, manufactures, and sells a wide range of equipment and components supplying the oil and gas industry, including rig equipment, downhole tools, drill pipe, and well casing. NOV's customers include major integrated oil companies, national oil companies, independent oil and gas companies, and drilling contractors. Its operations are organized into two reportable segments: energy products and services and energy equipment. NOV operates on a global scale, with international markets contributing nearly two-thirds of its annual revenue.

Sector: Energy
Industry: Oil & Gas Equipment & Services
Stock Style Box: Small Core
Total Number of Employees: 31,605
Website: https://www.nov.com

Competitors

Valuation

Metric	NOV	SLB	BKR
Price/Earnings (Normalized)	22.32	17.21	20.95
Price/Book Value	1.13	2.68	2.87
Price/Sales	0.83	1.92	1.99
Price/Cash Flow	9.31	10.53	15.99

Price/Earnings

NOV

SLB

BKR

Financial Strength

Metric	NOV	SLB	BKR
Quick Ratio	1.57	0.86	1.60
Current Ratio	2.47	1.34	2.13
Interest Coverage	3.70	8.72	14.97

Quick Ratio

NOV

SLB

BKR

Profitability

Metric	NOV	SLB	BKR
Return on Assets (Normalized)	2.02%	8.03%	7.30%
Return on Equity (Normalized)	3.57%	17.88%	16.66%
Return on Invested Capital (Normalized)	2.93%	12.09%	12.32%

Return on Assets

NOV

SLB

BKR

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