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NOV Inc NOV

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Stock XNYS Rating as of
$16.12 −0.08 (0.49%)
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As of Delayed Price Closed

Company Report

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NOV Earnings: Strong Margins in Energy Equipment Segment Propel Earnings Beat

Joshua Aguilar,

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 at a 639% premium.
Price
$16.12
Fair Value
$39.00
Uncertainty
Very High
1-Star Price
$53.90
5-Star Price
$58.00
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

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Trading Information

Previous Close Price
$16.20
Day Range
$16.06–16.51
52-Week Range
$15.47–21.53
Bid/Ask
$15.99 / $16.26
Market Cap
$6.35 Bil
Volume/Avg
2.1 Mil / 3.6 Mil

Key Statistics

Price/Earnings (Normalized)
12.17
Price/Sales
0.72
Dividend Yield (Trailing)
1.55%
Dividend Yield (Forward)
1.86%
Total Yield
1.55%

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 nearly two thirds of its annual revenue.
Sector
Energy
Industry
Oil & Gas Equipment & Services
Stock Style Box
Small Value
Total Number of Employees
33,676
Website
https://www.nov.com

Competitors

Valuation

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Metric
NOV
HAL
SLB
Price/Earnings (Normalized)
 12.179.3013.56
Price/Book Value
 0.992.642.96
Price/Sales
 0.721.151.80
Price/Cash Flow
 6.886.458.64
Price/Earnings
NOV
HAL
SLB

Financial Strength

Metric
NOV
HAL
SLB
Quick Ratio
 1.541.341.02
Current Ratio
 2.612.131.49
Interest Coverage
 8.846.2511.85
Quick Ratio
NOV
HAL
SLB

Profitability

Metric
NOV
HAL
SLB
Return on Assets (Normalized)
 10.05%11.68%9.91%
Return on Equity (Normalized)
 18.53%30.65%23.36%
Return on Invested Capital (Normalized)
 13.70%17.91%14.78%
Return on Assets
NOV
HAL
SLB

Oil & Gas Equipment & Services Industry Comparables

Screen With Investor
1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
Schlumberger Ltd
SLB
CdgzskylMvjcxq$62.4 Bil
 Baker Hughes Co Class A
BKR
HhvcvmbdWcyyv$37.0 Bil
 Halliburton Co
HAL
BpmycrqxnlRylcyf$26.4 Bil
 Tenaris SA ADR
TS
FpbxgkpTjm$17.9 Bil
 TechnipFMC PLC
FTI
XxvfvkvwRhpx$11.6 Bil
 Weatherford International PLC Ordinary Shares - New
WFRD
GnqRhjfm$6.3 Bil
 ChampionX Corp
CHX
CcspnbwynRvbss$6.0 Bil
 Liberty Energy Inc Class A
LBRT
MsylybnjYmygv$3.3 Bil
 Expro Group Holdings NV
XPRO
DkycsrcpGtx$2.0 Bil

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