Market Summary
USD18.16+0.17
Delayed0.94%
NOV Stock Price
NOV RSI Chart
NOV Valuation
NOV Price/Sales (Trailing)
NOV Profitability
NOV Fundamentals
NOV Revenue
NOV Earnings
Price Action
52 Week Range
13.9824.83
(Low)(High)
Last 7 days
-20.1%
Last 30 days
-24.7%
Last 90 days
-11.1%
Trailing 12 Months
-6.4%
NOV Financial Health
NOV Investor Care
Peers (Alternatives to National Oilwell Varco)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
XOM | 412.4B | 413.7B | -13.74% | 35.32% | 7.4 | 1 | 44.83% | 141.93% |
CVX | 298.1B | 246.3B | -9.27% | -0.38% | 8.41 | 1.21 | 51.57% | 126.98% |
SLB | 65.6B | 28.1B | -20.92% | 15.86% | 19.06 | 2.33 | 22.51% | 82.93% |
OXY | 60.4B | 37.1B | -12.29% | 4.78% | 4.68 | 1.64 | 40.97% | 472.95% |
HAL | 28.1B | 20.3B | -22.56% | -11.72% | 17.91 | 1.39 | 32.70% | 7.89% |
| MID-CAP | ||||||||
NOV | 7.1B | 7.2B | -24.71% | -6.41% | 46.02 | 0.99 | 31.01% | 162.00% |
FTI | 5.6B | 6.7B | -10.27% | 78.95% | -52.26 | 0.84 | 4.64% | -906.02% |
CHX | 5.2B | 3.8B | -20.14% | 10.11% | 33.24 | 1.35 | 23.77% | 36.78% |
RIG | 4.2B | 2.6B | -20.71% | 46.97% | -6.71 | 1.62 | 0.74% | -4.90% |
HP | 3.7B | 2.4B | -22.78% | -7.27% | 23.62 | 1.55 | 71.41% | 150.63% |
| SMALL-CAP | ||||||||
DRQ | 942.1M | 362.1M | -14.83% | -24.54% | 2.1K | 2.6 | 12.12% | 100.35% |
OIS | 478.2M | 737.7M | -17.93% | 17.10% | -50.13 | 0.65 | 28.71% | 85.09% |
NR | 331.8M | 815.6M | -14.74% | -3.62% | -17.11 | 0.47 | 32.66% | 18.38% |
FET | 141.8M | 699.9M | -19.75% | 11.59% | 38.21 | 0.2 | 29.36% | 104.49% |
SDPI | 26.3M | 17.8M | -9.61% | -6.49% | 19.11 | 1.48 | 62.85% | 175.25% |
Financials for National Oilwell Varco
| Income Statement (Last 12 Months) | ||||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Revenue | 8.3% | 7,237,000,000 | 6,681,000,000 | 6,133,000,000 | 5,823,000,000 | 5,524,000,000 |
| Gross Profit | 22.0% | 1,334,000,000 | 1,093,000,000 | 910,000,000 | 832,000,000 | 774,000,000 |
| S&GA Expenses | 6.4% | 1,070,000,000 | 1,006,000,000 | 921,000,000 | 899,000,000 | 908,000,000 |
| EBITDA | 39.0% | 617,000,000 | 444,000,000 | 319,000,000 | 232,000,000 | - |
| EBITDA Margin | 28.3% | 0.09 | 0.07 | 0.05 | 0.04 | - |
| Earnings Before Taxes | 250.0% | 238,000,000 | 68,000,000 | -56,000,000 | -145,000,000 | -230,000,000 |
| EBT Margin | 223.1% | 0.03 | 0.01 | -0.01 | -0.02 | - |
| Interest Expenses | 2.6% | 78,000,000 | 76,000,000 | 76,000,000 | 76,000,000 | 77,000,000 |
| Net Income | 1092.3% | 155,000,000 | 13,000,000 | -88,000,000 | -181,000,000 | -250,000,000 |
| Net Income Margin | 1000.6% | 0.02 | 0.00 | -0.01 | -0.03 | - |
| Free Cahsflow | 22.8% | -393,000,000 | -509,000,000 | -278,000,000 | 17,000,000 | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Assets | 3.8% | 10,135 | 9,761 | 9,700 | 9,553 | 9,550 |
| Current Assets | 6.1% | 5,493 | 5,179 | 5,093 | 4,949 | 4,902 |
| Cash Equivalents | 7.1% | 1,069 | 998 | 1,218 | 1,406 | 1,591 |
| Inventory | 3.3% | 1,813 | 1,755 | 1,591 | 1,440 | 1,331 |
| Net PPE | 1.4% | 1,781 | 1,757 | 1,761 | 1,806 | 1,823 |
| Goodwill | -0.3% | 1,500 | 1,505 | 1,498 | 1,525 | 1,527 |
| Liabilities | 3.5% | 5,001 | 4,831 | 4,728 | 4,543 | 4,486 |
| Current Liabilities | 8.5% | 2,437 | 2,247 | 2,171 | 1,979 | 1,910 |
| Long Term Debt | 0.3% | 1,730 | 1,724 | 1,714 | 1,713 | - |
| LT Debt, Current | 30.0% | 13.00 | 10.00 | 10.00 | 5.00 | 5.00 |
| LT Debt, Non Current | -0.2% | 1,717 | 1,720 | 1,714 | 1,709 | 1,708 |
| Shareholder's Equity | 4.7% | 5,096 | 4,868 | 4,972 | 5,010 | 4,997 |
| Retained Earnings | 3.9% | -2,069 | -2,154 | -2,166 | -2,216 | -2,146 |
| Additional Paid-In Capital | 0.4% | 8,754 | 8,718 | 8,700 | 8,690 | 8,685 |
| Accumulated Depreciation | - | 3,132 | - | - | - | - |
| Shares Outstanding | 0.0% | 393 | 393 | 393 | 393 | 393 |
| Minority Interest | -38.7% | 38.00 | 62.00 | 63.00 | 64.00 | 67.00 |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Cashflow From Operations | 39.7% | -179 | -297 | -86.00 | 215 | 291 |
| Share Based Compensation | -11.8% | 67.00 | 76.00 | 78.00 | - | - |
| Cashflow From Investing | 10.9% | -238 | -267 | -196 | -194 | -196 |
| Cashflow From Financing | -7.9% | -96.00 | -89.00 | -59.00 | -222 | -189 |
| Dividend Payments | -0.8% | 78.00 | 79.00 | 78.00 | 80.00 | 20.00 |
Risks for NOV
What is the probability of a big loss on NOV?
89.2%
Probability that National Oilwell Varco stock will be more than 20% underwater in next one year
85.4%
Probability that National Oilwell Varco stock will be more than 30% underwater in next one year.
44.2%
Probability that National Oilwell Varco stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does NOV drawdown profile look like?
Y-axis is the maximum loss one would have experienced if National Oilwell Varco was unfortunately bought at previous high price.
Drawdowns
Returns for NOV
Cumulative Returns on NOV
-10.7%
10-Year Cumulative Returns
-7.8%
7-Year Cumulative Returns
-12.9%
5-Year Cumulative Returns
21.4%
3-Year Cumulative Returns
What are the long-term rolling returns for NOV?
FIve years rolling returns for National Oilwell Varco.
Annualized Returns
Which funds bought or sold NOV recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-03-10 | VICTORY CAPITAL MANAGEMENT INC | reduced | -6.53 | 291,857 | 1,705,860 | -% |
2023-03-06 | Rockefeller Capital Management L.P. | reduced | -48.04 | -14,000 | 30,000 | -% |
2023-03-01 | Goehring & Rozencwajg Associates, LLC | new | - | 2,565,150 | 2,565,150 | 0.91% |
2023-02-28 | Voya Investment Management LLC | added | 0.4 | 241,888 | 1,056,890 | -% |
2023-02-24 | SRS Capital Advisors, Inc. | unchanged | - | 12.00 | 2,012 | -% |
2023-02-22 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | added | 11.9 | 405,000 | 1,316,000 | 0.01% |
2023-02-21 | NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | reduced | -5.02 | 9,231 | 50,231 | -% |
2023-02-21 | KB FINANCIAL PARTNERS, LLC | sold off | -100 | -3,000 | - | -% |
2023-02-21 | NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC | reduced | -35.92 | -158,607 | 759,393 | 0.02% |
2023-02-21 | MACQUARIE GROUP LTD | sold off | - | -71,000 | - | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
National Oilwell Varco News
Schedule 13G FIlings of National Oilwell Varco
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| 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 | |
| Jan 24, 2023 | blackrock inc. | 9.5% | 37,463,356 | SC 13G/A | |
| Jan 23, 2023 | pzena investment management llc | 7.52% | 29,568,913 | SC 13G/A | |
| Nov 10, 2022 | vanguard group inc | 10.02% | 39,370,823 | SC 13G/A | |
| Feb 11, 2022 | hotchkis & wiley capital management llc | 7.22% | 28,191,545 | SC 13G/A | |
| Feb 09, 2022 | state street corp | 3.45% | 13,494,607 | SC 13G/A | |
| Feb 01, 2022 | blackrock inc. | 8.7% | 34,095,857 | SC 13G |
NOV Fair Value
National Oilwell Varco fair value in different scenarios
The table shows the Fair Value estimates for National Oilwell Varco for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
| Fair Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
|---|---|---|---|---|---|
| Very Low Inflation | 10.31 -43.23% | 14.28 -21.37% | 17.82 -1.87% | 21.00 15.64% | 29.17 60.63% |
| Current Inflation | 9.99 -44.99% | 13.68 -24.67% | 16.94 -6.72% | 19.35 6.55% | 26.29 44.77% |
| Very High Inflation | 9.57 -47.30% | 12.90 -28.96% | 15.80 -13.00% | 17.35 -4.46% | 22.89 26.05% |
Historical National Oilwell Varco Fair Value Estimates
Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price
Recent SEC filings of National Oilwell Varco
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Mar 01, 2023 | 4 | Insider Trading | |
| Feb 28, 2023 | 8-K | Current Report | |
| Feb 28, 2023 | 4 | Insider Trading | |
| Feb 28, 2023 | 4 | Insider Trading | |
| Feb 28, 2023 | 4 | Insider Trading | |
| Feb 28, 2023 | 4 | Insider Trading | |
| Feb 28, 2023 | 4 | Insider Trading | |
| Feb 28, 2023 | 4 | Insider Trading | |
| Feb 28, 2023 | 4 | Insider Trading | |
| Feb 27, 2023 | 4 | Insider Trading |
Latest Insider Trading transactions for NOV
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-02-28 | MATTSON ERIC L | sold | -452,919 | 21.9002 | -20,681 | - |
2023-02-27 | Novak Christy Lynn | acquired | 81,060 | 15.00 | 5,404 | vp, corp. controller, cao |
2023-02-27 | Novak Christy Lynn | sold | -210,019 | 21.861 | -9,607 | vp, corp. controller, cao |
2023-02-25 | Bayardo Jose A | sold (taxes) | -94,762 | 21.65 | -4,377 | senior vp and cfo |
2023-02-25 | Weinstock Craig L. | sold (taxes) | -56,852 | 21.65 | -2,626 | sr. vp. & gen. counsel |
2023-02-25 | Shelton Kirk M. | sold (taxes) | -63,174 | 21.65 | -2,918 | see remarks |
2023-02-25 | WILLIAMS CLAY C | sold (taxes) | -300,069 | 21.65 | -13,860 | chairman, president and ceo |
2023-02-25 | Rovig Joseph W | sold (taxes) | -63,174 | 21.65 | -2,918 | president - rig technologies |
2023-02-25 | Novak Christy Lynn | sold (taxes) | -12,037 | 21.65 | -556 | vp, corp. controller, cao |
2023-02-25 | Joseph Isaac H. | sold (taxes) | -63,174 | 21.65 | -2,918 | see remarks |
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 also 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 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. It also 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. NOV Inc. 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.
NOV Income Statement
2022-12-31Consolidated Statements of Income (Loss) - USD ($) shares in Millions, $ in Millions | 12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
| Revenue | |||
| Revenue | $ 7,237 | $ 5,524 | $ 6,090 |
| Cost of revenue | |||
| Cost of revenue | 5,903 | 4,750 | 5,656 |
| Gross profit | 1,334 | 774 | 434 |
| Selling, general and administrative | 1,070 | 908 | 968 |
| Goodwill and indefinite-lived intangible asset impairment | 1,378 | ||
| Long-lived asset impairment | 513 | ||
| Operating profit (loss) | 264 | (134) | (2,425) |
| Interest and financial costs | (78) | (77) | (84) |
| Interest income | 19 | 9 | 7 |
| Equity income (loss) in unconsolidated affiliates | 68 | (5) | (260) |
| Other income (expense), net | (35) | (23) | (17) |
| Income (Loss) before income taxes | 238 | (230) | (2,779) |
| Provision (benefit) for income taxes | 83 | 15 | (242) |
| Net income (loss) | 155 | (245) | (2,537) |
| Net income (loss) attributable to noncontrolling interests | 5 | 5 | |
| Net income (loss) attributable to Company | $ 155 | $ (250) | $ (2,542) |
| Net income (loss) attributable to Company per share: | |||
| Basic | $ 0.40 | $ (0.65) | $ (6.62) |
| Diluted | 0.39 | (0.65) | (6.62) |
| Cash dividends per share | $ 0.20 | $ 0.05 | $ 0.05 |
| Weighted average shares outstanding: | |||
| Basic | 390 | 386 | 384 |
| Diluted | 394 | 386 | 384 |
| Sales [Member] | |||
| Revenue | |||
| Revenue | $ 4,873 | $ 3,769 | $ 4,409 |
| Cost of revenue | |||
| Cost of revenue | 4,146 | 3,369 | 4,313 |
| Service [Member] | |||
| Revenue | |||
| Revenue | 1,482 | 1,114 | 1,091 |
| Cost of revenue | |||
| Cost of revenue | 1,186 | 951 | 929 |
| Rental [Member] | |||
| Revenue | |||
| Revenue | 882 | 641 | 590 |
| Cost of revenue | |||
| Cost of revenue | $ 571 | $ 430 | $ 414 |
NOV Balance Sheet
2022-12-31Consolidated Balance Sheets - USD ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 1,069 | $ 1,591 |
| Receivables, net | 1,739 | 1,321 |
| Inventories, net | 1,813 | 1,331 |
| Contract assets | 685 | 461 |
| Prepaid and other current assets | 187 | 198 |
| Total current assets | 5,493 | 4,902 |
| Property, plant and equipment, net | 1,781 | 1,823 |
| Lease right-of-use assets, operating | 346 | 361 |
| Lease right-of-use assets, financing | 171 | 176 |
| Goodwill | 1,505 | 1,527 |
| Intangibles, net | 490 | 503 |
| Investment in unconsolidated affiliates | 117 | 50 |
| Other assets | 232 | 208 |
| Total assets | 10,135 | 9,550 |
| Current liabilities: | ||
| Accounts payable | 906 | 612 |
| Accrued liabilities | 959 | 778 |
| Contract liabilities | 444 | 392 |
| Current portion of lease liabilities | 87 | 99 |
| Current portion of long-term debt | 13 | 5 |
| Accrued income taxes | 28 | 24 |
| Total current liabilities | 2,437 | 1,910 |
| Long-term debt | 1,717 | 1,708 |
| Lease liabilities | 549 | 576 |
| Deferred income taxes | 68 | 66 |
| Other liabilities | 230 | 226 |
| Total liabilities | 5,001 | 4,486 |
| Commitments and contingencies | ||
| Stockholders’ equity: | ||
| Common stock - par value $.01; 1 billion shares authorized; 392,832,752 and 392,673,077 shares issued and outstanding at December 31, 2022 and December 31, 2021 | 4 | 4 |
| Additional paid-in capital | 8,754 | 8,685 |
| Accumulated other comprehensive loss | (1,593) | (1,546) |
| Retained earnings | (2,069) | (2,146) |
| Total Company stockholders' equity | 5,096 | 4,997 |
| Noncontrolling interests | 38 | 67 |
| Total stockholders’ equity | 5,134 | 5,064 |
| Total liabilities and stockholders’ equity | $ 10,135 | $ 9,550 |