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NOV

NOV - National Oilwell Varco Inc Stock Price, Fair Value and News

18.95USD+0.12 (+0.64%)Market Closed

Market Summary

NOV
USD18.95+0.12
Market Closed
0.64%

NOV Stock Price

View Fullscreen

NOV RSI Chart

NOV Valuation

Market Cap

7.5B

Price/Earnings (Trailing)

7.52

Price/Sales (Trailing)

0.87

EV/EBITDA

8.35

Price/Free Cashflow

-53.33

NOV Price/Sales (Trailing)

NOV Profitability

Operating Margin

21.36%

EBT Margin

7.13%

Return on Equity

16.11%

Return on Assets

8.8%

Free Cashflow Yield

-1.88%

NOV Fundamentals

NOV Revenue

Revenue (TTM)

8.6B

Rev. Growth (Yr)

13.02%

Rev. Growth (Qtr)

7.23%

NOV Earnings

Earnings (TTM)

993.5M

Earnings Growth (Yr)

480.1%

Earnings Growth (Qtr)

424.12%

Breaking Down NOV Revenue

Last 7 days

2.4%

Last 30 days

-0.5%

Last 90 days

-9.7%

Trailing 12 Months

5.2%

How does NOV drawdown profile look like?

NOV Financial Health

Current Ratio

2.4

Debt/Equity

0.28

Debt/Cashflow

0.08

NOV Investor Care

Dividend Yield

1.06%

Dividend/Share (TTM)

0.2

Shares Dilution (1Y)

0.30%

Diluted EPS (TTM)

2.5

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
20237.7B8.0B8.3B8.6B
20225.8B6.1B6.7B7.2B
20215.5B5.4B5.3B5.5B
20208.4B7.8B7.0B6.1B
20198.6B8.6B8.6B8.5B
20187.4B7.7B8.0B8.5B
20176.8B6.8B7.0B7.3B
201612.1B9.9B8.3B7.3B
201521.4B20.0B17.7B14.8B
201419.7B20.3B21.0B21.4B
201317.6B18.1B18.6B19.2B
201215.5B16.2B16.7B17.2B
201112.3B12.8B13.6B14.7B
201012.3B12.2B12.1B12.2B
200914.2B13.9B13.4B12.7B
2008011.0B12.2B13.4B
20070009.8B
Get all data in R, Python etc through our Historical Stock Data APIs
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Tracking the Latest Insider Buys and Sells of National Oilwell Varco Inc

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Feb 23, 2024
bayardo jose a
sold (taxes)
-72,710
17.23
-4,220
senior vp and cfo
Feb 23, 2024
williams clay c
sold (taxes)
-233,690
17.23
-13,563
chairman, president and ceo
Feb 23, 2024
rovig joseph w
sold (taxes)
-49,346
17.23
-2,864
president - energy equipment
Feb 23, 2024
weinstock craig l.
sold (taxes)
-44,160
17.23
-2,563
sr. vp. & gen. counsel
Feb 23, 2024
livingston scott b.
sold (taxes)
-21,692
17.23
-1,259
see remarks
Feb 23, 2024
novak christy lynn
sold (taxes)
-40,990
17.23
-2,379
vp, corp. controller, cao
Feb 22, 2024
rovig joseph w
sold (taxes)
-68,508
17.41
-3,935
president - energy equipment
Feb 22, 2024
novak christy lynn
sold
-60,987
17.425
-3,500
vp, corp. controller, cao
Feb 22, 2024
weinstock craig l.
sold (taxes)
-61,666
17.41
-3,542
sr. vp. & gen. counsel
Feb 22, 2024
bayardo jose a
sold (taxes)
-102,771
17.41
-5,903
senior vp and cfo

1–10 of 50

Which funds bought or sold NOV recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Apr 24, 2024
Spire Wealth Management
sold off
-100
-800
-
 -%
Apr 24, 2024
CENTRAL TRUST Co
unchanged
-
-957
24,577
 -%
Apr 24, 2024
Assenagon Asset Management S.A.
new
-
2,082,100
2,082,100
 -%
Apr 24, 2024
Polaris Capital Management, LLC
reduced
-6.34
-3,956,630
36,200,900
 1.80%
Apr 24, 2024
Newbridge Financial Services Group, Inc.
unchanged
-
-114
2,928
 -%
Apr 23, 2024
FIFTH THIRD BANCORP
reduced
-11.35
-14,391
83,663
 -%
Apr 23, 2024
WETZEL INVESTMENT ADVISORS, INC.
unchanged
-
-150
1,850
 -%
Apr 23, 2024
NEW MEXICO EDUCATIONAL RETIREMENT BOARD
unchanged
-
-61,000
1,567,000
 0.06%
Apr 23, 2024
AMALGAMATED BANK
reduced
-4.65
-420,000
4,684,000
 0.04%
Apr 23, 2024
Global Retirement Partners, LLC
reduced
-1.28
-69.00
16,572
 -%

1–10 of 47

Are Funds Buying or Selling NOV?

Are funds buying NOV calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own NOV
No. of Funds

Unveiling National Oilwell Varco Inc's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 13, 2024
hotchkis & wiley capital management llc
5.62%
22,123,795
SC 13G
Feb 13, 2024
vanguard group inc
9.95%
39,182,530
SC 13G/A
Feb 09, 2024
pzena investment management llc
8.0%
31,371,893
SC 13G
Feb 09, 2024
fmr llc
-
0
SC 13G
Feb 09, 2024
first eagle investment management, llc
9.31%
36,658,180
SC 13G/A
Jan 24, 2024
blackrock inc.
9.6%
37,942,193
SC 13G/A
Feb 14, 2023
hotchkis & wiley capital management llc
4.42%
17,357,305
SC 13G/A
Feb 10, 2023
vanguard group inc
10.00%
39,285,890
SC 13G/A
Feb 09, 2023
first eagle investment management, llc
9.46%
37,173,025
SC 13G/A
Feb 09, 2023
vanguard group inc
9.96%
39,115,992
SC 13G/A

Recent SEC filings of National Oilwell Varco Inc

View All Filings
Date Filed Form Type Document
Apr 04, 2024
ARS
ARS
Apr 04, 2024
DEF 14A
DEF 14A
Apr 04, 2024
DEFA14A
DEFA14A
Mar 06, 2024
3
Insider Trading
Mar 06, 2024
8-K
Current Report
Feb 26, 2024
4
Insider Trading
Feb 26, 2024
4
Insider Trading
Feb 26, 2024
4
Insider Trading
Feb 26, 2024
4
Insider Trading
Feb 26, 2024
4
Insider Trading

Peers (Alternatives to National Oilwell Varco Inc)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
SLB
70.6B
34.1B
 -8.56% 3.47%
16.29
2.07
 14.20% 12.21%
HAL
34.7B
23.1B
 1.10% 22.10%
13.39
1.5
 6.71% 31.84%
MID-CAP
FTI
11.5B
7.8B
 4.97% 107.81%
205.02
1.47
 16.77% 152.43%
NOV
7.5B
8.6B
 -0.52% 5.16%
7.52
0.87
 18.60% 536.86%
CHX
6.8B
3.7B
 1.60% 28.73%
18.57
1.81
 -4.02% 100.73%
LBRT
3.8B
4.6B
 14.94% 82.33%
8.05
0.84
 -1.29% -16.22%
AROC
3.1B
990.3M
 2.72% 106.60%
29.83
3.16
 17.12% 137.04%
SMALL-CAP
DNOW
1.6B
2.3B
 -2.20% 41.97%
6.3
0.67
 8.66% 93.36%
CLB
681.3M
-
 3.64% -17.99%
28.73
1.36
 - -
DRQ
664.2M
424.1M
 -16.12% -27.42%
1.1K
1.57
 17.17% 137.19%
CCLP
344.8M
386.1M
 17.68% 82.03%
-36.38
0.89
 9.26% 57.09%
BOOM
331.0M
719.2M
 -9.67% -10.39%
12.61
0.46
 9.95% 114.41%

National Oilwell Varco Inc News

Latest updates
InvestorsObserver • 28 Mar 2024 • 07:00 am
Is Nov Inc (NOV) Stock About to Get Hot Thursday?
InvestorsObserver • 14 Mar 2024 • 07:00 am
Nov Inc (NOV) Stock: What Does the Chart Say Thursday?
Markets Insider • 2 months ago
Piper Sandler Maintains Neutral Rating for NOV: Here's What You Need To Know
Upstream Online • 2 months ago
US services company still confident on Saudi outlook after Aramco plans shelved
InvestorsObserver • 2 months ago
Nov Inc Down 9.92% To $17.88 After Earnings Beat
GuruFocus.com • 6 months ago
Why NOV Inc's Stock Skyrocketed 15% in a Quarter: A Deep Dive
Yahoo Finance • 6 months ago
NOV Inc's (NOV) Market Value: An In-Depth Analysis
Forbes • 2 years ago
Do Fundamentals Favor National Oilwell Varco Stock?
The Motley Fool • 2 years ago
Why NOV Stock Rallied as Much as 11% Today
Houston Chronicle • 4 years ago
National Oilwell Varco stock surges despite $5.4 billion loss during second quarter

National Oilwell Varco Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In null)
Income Statement (Quarterly)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Revenue7.2%2,3432,1852,0931,9622,0731,8891,7271,5481,5171,3411,4171,2491,3271,3841,4961,8832,2812,1262,1321,9402,398
Cost Of Revenue7.5%1,8461,7171,6361,5511,6301,5211,4181,3341,3151,1561,1861,0931,3931,2451,3591,6591,9051,9752,0701,6841,989
Gross Profit6.2%497468457411443368309214202185231156-66.0013913722437615162.00256409
  S&GA Expenses17.9%336285276285281313241235217228219244235213237283289293417304322
EBITDA Margin-3.4%0.12*0.12*0.11*0.10*0.09*0.07*0.05*0.04*0.03*-0.03*-0.03*-0.05*-0.38*-0.34*-0.32*------
Interest Expenses0%23.0023.0021.0021.0021.0019.0019.0019.0019.0019.0019.0020.0019.0021.0022.0022.0025.0025.0025.0025.0022.00
Income Taxes-1058.3%-46048.0019.0020.0042.0029.00-2.0014.0014.005.002.00-6.0022.00-61.00-47.00-156-46.0060.00-373-10.0026.00
Earnings Before Taxes-13.5%13515617614514164.0068.00-35.00-29.00-60.00-21.00-120-326-114-134-2,205-431-189-5,757-85.0041.00
EBT Margin-4.1%0.07*0.07*0.07*0.05*0.03*0.01*-0.01*-0.02*-0.04*-0.10*-0.11*-0.13*-0.46*-0.41*-0.38*------
Net Income424.1%59811415712510332.0070.00-49.00-42.00-69.00-23.00-114-349-55.00-87.00-2,049-385-244-5,384-75.0012.00
Net Income Margin92.8%0.12*0.06*0.05*0.04*0.02*0.00*-0.01*-0.03*-0.04*-0.10*-0.10*-0.11*-0.42*-0.37*-0.36*------
Free Cashflow985.3%301-34.00-148-25988.00-165-167-149-28.0066.00128-76.00133274322------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Assets7.6%11,29410,49810,44610,17710,1359,7619,7009,5539,5509,5679,6019,6729,92910,16810,44710,69013,14914,00514,34920,00219,796
  Current Assets3.2%5,8405,6585,6105,4225,4935,1795,0934,9494,9024,9394,9084,9965,2095,3765,5905,9026,1136,5156,7666,9387,279
    Cash Equivalents59.1%8165135927741,0699981,2181,4061,5911,6681,5721,6071,6921,4851,4471,1151,1711,3131,1211,2701,427
  Inventory-5.5%2,1512,2772,1992,0361,8131,7551,5911,4401,3311,3251,3221,3571,4081,7451,9292,0322,1972,5372,8583,1312,986
  Net PPE1.2%1,8651,8431,8391,8141,7811,7571,7611,8061,8231,8251,8711,8941,9271,9942,0102,0032,3542,3612,3562,6052,797
  Goodwill0.4%1,5621,5561,5491,5491,5051,5051,4981,5251,5271,4951,4951,4951,4931,4931,4931,5152,8073,2363,2066,2926,264
Liabilities2.5%5,0524,9314,9494,8695,0014,8314,7284,5434,4864,4894,4234,5224,6504,6284,9145,1365,3035,8765,8626,1625,907
  Current Liabilities2.8%2,4352,3692,3852,3082,4372,2472,1711,9791,9101,8531,8101,9341,8671,8841,9542,1632,2472,2762,2212,1032,341
  Long Term Debt-0.2%1,7121,7161,7151,7191,7171,7201,7141,7091,7081,7041,6861,6691,8341,8242,0292,0021,9892,4842,4832,4832,482
    LT Debt, Current0%13.0013.0013.0013.0013.0010.0010.005.005.00--182---------
    LT Debt, Non Current-0.2%1,7121,7161,7151,7191,7171,7201,7141,7091,7081,7041,6861,6691,8341,8242,0292,0021,9892,4842,4832,4832,482
Shareholder's Equity11.7%6,1685,5215,4975,3085,0964,9304,9725,0105,0645,0785,1785,1505,2795,5405,5335,5527,8468,1298,48713,84013,889
  Retained Earnings33.4%-1,155-1,734-1,828-1,963-2,069-2,154-2,166-2,216-2,146-2,086-2,017-1,991-1,876-1,529-1,474-1,3816901,0941,3586,7666,862
  Additional Paid-In Capital0.2%8,8128,7938,7738,7568,7548,7188,7008,6908,6858,6378,6188,5988,5918,5678,5438,5188,5078,4838,4418,4088,390
Shares Outstanding0.0%394394394394393391390387386386386385384384384------
Minority Interest60.9%74.0046.0063.0065.0038.0062.0063.0064.0067.0068.0070.0069.0069.0075.0073.0068.0068.0072.0076.0075.0070.00
Float---6,300---6,600---4,700---4,200---7,600--
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Cashflow From Operations842.5%37740.00-72.00-202154-106-124-10336.00105177-27.0018632337839.00473352-73.00-38.00221
  Share Based Compensation0%17.0017.00--17.0017.00--19.00------------
Cashflow From Investing1.2%-82.00-83.00-76.00-52.00-65.00-84.00-40.00-49.00-94.00-13.00-38.00-51.0016.00-49.00-58.00-53.00-47.00-112-49.00-107-65.00
Cashflow From Financing109.1%3.00-33.00-32.00-41.00-24.00-20.00-16.00-36.00-17.0010.00-179-3.00-3.00-22916.00-43.00-574-34.00-19.00-20.00-18.00
  Dividend Payments-5.0%19.0020.0020.0020.0019.0020.0019.0020.00-------19.0019.0020.0019.0019.0019.00

NOV Income Statement

2023-12-31
Consolidated Statements of Income (Loss) - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenue   
Revenue$ 8,583$ 7,237$ 5,524
Cost of revenue   
Cost of revenue6,7505,9034,750
Gross profit1,8331,334774
Selling, general and administrative1,1821,070908
Operating profit (loss)651264(134)
Interest and financial costs(88)(78)(77)
Interest income28199
Equity income (loss) in unconsolidated affiliates11968(5)
Other expense, net(98)(35)(23)
Income (loss) before income taxes612238(230)
Provision (benefit) for income taxes(373)8315
Net income (loss)985155(245)
Net income (loss) attributable to noncontrolling interests(8) 5
Net income (loss) attributable to Company$ 993$ 155$ (250)
Net income (loss) attributable to Company per share:   
Basic$ 2.53$ 0.40$ (0.65)
Diluted2.500.39(0.65)
Cash dividends per share$ 0.20$ 0.20$ 0.05
Weighted average shares outstanding:   
Basic393390386
Diluted397394386
Sales [Member]   
Revenue   
Revenue$ 5,775$ 4,873$ 3,769
Cost of revenue   
Cost of revenue4,7984,1463,369
Service [Member]   
Revenue   
Revenue1,7891,4821,114
Cost of revenue   
Cost of revenue1,3671,186951
Rental [Member]   
Revenue   
Revenue1,019882641
Cost of revenue   
Cost of revenue$ 585$ 571$ 430

NOV Balance Sheet

2023-12-31
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current assets:  
Cash and cash equivalents$ 816$ 1,069
Receivables, net1,9051,739
Inventories, net2,1511,813
Contract assets739685
Prepaid and other current assets229187
Total current assets5,8405,493
Property, plant and equipment, net1,8651,781
Lease right-of-use assets, operating372346
Lease right-of-use assets, financing172171
Deferred income taxes488 
Goodwill1,5621,505
Intangibles, net450490
Investment in unconsolidated affiliates211117
Other assets334232
Total assets11,29410,135
Current liabilities:  
Accounts payable904906
Accrued liabilities870959
Contract liabilities532444
Current portion of lease liabilities9487
Current portion of long-term debt1313
Accrued income taxes2228
Total current liabilities2,4352,437
Long-term debt1,7121,717
Lease liabilities558549
Deferred income taxes7068
Other liabilities277230
Total liabilities5,0525,001
Commitments and contingencies
Stockholders’ equity:  
Common stock - par value $.01; 1 billion shares authorized; 393,945,659 and 392,832,752 shares issued and outstanding at December 31, 2023 and December 31, 202244
Additional paid-in capital8,8128,754
Accumulated other comprehensive loss(1,493)(1,593)
Retained deficit(1,155)(2,069)
Total Company stockholders' equity6,1685,096
Noncontrolling interests7438
Total stockholders’ equity6,2425,134
Total liabilities and stockholders’ equity$ 11,294$ 10,135

About National Oilwell Varco Inc

NOV
NOV Inc. designs, constructs, manufactures, and sells systems, components, and products for oil and gas drilling and production, and industrial and renewable energy sectors worldwide. The company operates through three segments: Wellbore Technologies, Completion & Production Solutions, and Rig Technologies. It provides solids control and waste management equipment and services; portable power generation products; drill and wired pipes; drilling optimization and automation services; tubular inspection, repair, and coating services; instrumentation; measuring and monitoring services; downhole and fishing tools; steerable technologies; and drill bits. The company also offers equipment and technologies for hydraulic fracture stimulation, including downhole multistage fracturing tools, pressure pumping trucks, blenders, sanders, hydration and injection units, flowline, and manifolds; coiled tubing units, and wireline units and tools; connections and liner hangers; onshore production consists of composite pipe, surface transfer and progressive cavity pumps, and artificial lift systems; and offshore production, such as floating production systems and subsea production technologies, as well as manufactures industrial pumps and mixers. In addition, it provides substructures, derricks, and masts; cranes; jacking systems; pipe lifting, racking, rotating, and assembly systems; mud pumps; pressure control equipment; drives and generators; rig instrumentation and control systems; mooring, anchor, and deck handling machinery; equipment components for offshore wind construction vessels; and pipelay and construction systems. Further, the company offers spare parts, repair, and rentals as well as comprehensive remote equipment monitoring, technical support, field service, and customer training. The company was formerly known as National Oilwell Varco, Inc. and changed its name to NOV Inc. in January 2021. NOV Inc. was founded in 1862 and is based in Houston, Texas.
 CEO
 WEBSITEnov.com
 INDUSTRYOil - Services
 EMPLOYEES32307

National Oilwell Varco Inc Frequently Asked Questions

What is the ticker symbol for National Oilwell Varco Inc? What does NOV stand for in stocks?

NOV is the stock ticker symbol of National Oilwell Varco Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of National Oilwell Varco Inc (NOV)?

As of Thu Apr 25 2024, market cap of National Oilwell Varco Inc is 7.47 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of NOV stock?

You can check NOV's fair value in chart for subscribers.

What is the fair value of NOV stock?

You can check NOV's fair value in chart for subscribers. The fair value of National Oilwell Varco Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of National Oilwell Varco Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for NOV so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is National Oilwell Varco Inc a good stock to buy?

The fair value guage provides a quick view whether NOV is over valued or under valued. Whether National Oilwell Varco Inc is cheap or expensive depends on the assumptions which impact National Oilwell Varco Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for NOV.

What is National Oilwell Varco Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Thu Apr 25 2024, NOV's PE ratio (Price to Earnings) is 7.52 and Price to Sales (PS) ratio is 0.87. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. NOV PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on National Oilwell Varco Inc's stock?

In the past 10 years, National Oilwell Varco Inc has provided -0.112 (multiply by 100 for percentage) rate of return.