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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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Is it the right time to buy or sell?

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
Sector Energy
Industry Oil & Gas Equipment & Services
Employees 27,043

Related Articles NOV

FAQs for NOV Inc Stock

Yes. NOV has a forward dividend yield of 0.98%. See NOV’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

Learn more about dividend yield.

NOV’s market cap is 7.98 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

Learn more about market capitalization.

NOV’s stock style is Mid Growth.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Learn more about style.

NOV’s price/sales is 1.19.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

NOV’s price/forward earnings is 17.61.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

NOV’s price/book is 1.64.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

See NOV’s valuation ratios compared to the Market Index.

NOV’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare NOV’s historical performance against its industry peers and the overall market.