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NOV Inc NOV

Morningstar Rating
$16.87 −0.23 (1.35%)
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Company Report

NOV Remains the Dominant Supplier In Rig Equipment

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.

Price vs Fair Value

NOV is trading at a 27% discount.
Price
$16.87
Fair Value
$63.00
Uncertainty
Very High
1-Star Price
$13.67
5-Star Price
$97.60
Economic Moat
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Capital Allocation
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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

Trading Information

Previous Close Price
$17.10
Day Range
$16.8517.33
52-Week Range
$14.0523.18
Bid/Ask
$16.80 / $16.87
Market Cap
$6.65 Bil
Volume/Avg
2.8 Mil / 4.1 Mil

Key Statistics

Price/Earnings (Normalized)
12.19
Price/Sales
0.78
Dividend Yield (Trailing)
1.19%
Dividend Yield (Forward)
1.19%
Total Yield
1.19%

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

Competitors

Valuation

Metric
NOV
BKR
HAL
Price/Earnings (Normalized)
12.1918.3911.20
Price/Book Value
1.081.913.33
Price/Sales
0.781.171.38
Price/Cash Flow
9.2111.348.00
Price/Earnings
NOV
BKR
HAL

Financial Strength

Metric
NOV
BKR
HAL
Quick Ratio
1.420.751.27
Current Ratio
2.401.252.06
Interest Coverage
7.6413.296.68
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

Ticker
Name
Morningstar Rating for Stocks
Economic Moat
Market Cap
SLB
Schlumberger LtdFtpywn$70.8 Bil
HAL
Halliburton CoPrhlq$31.3 Bil
BKR
Baker Hughes Co Class AQbgsj$29.5 Bil
TS
Tenaris SA ADRHxqx$20.6 Bil
FTI
TechnipFMC PLCLrxb$9.4 Bil
WFRD
Weatherford International PLC Ordinary Shares - NewNqc$7.6 Bil
CHX
ChampionX CorpNdmd$6.0 Bil
LBRT
Liberty Energy Inc Class AHprs$3.6 Bil
XPRO
Expro Group Holdings NVKsrzv$2.0 Bil

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