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Global Shift | Explore NOV's strategic pivot towards international and offshore markets, offsetting challenges in North American E&P activity |
Financial Resilience | NOV's Q2 2024 performance showcases strong order inflow and improved margins, despite a cautious outlook for the latter half of the yea |
Market Dynamics | Delve into the complexities of NOV's position in a volatile oil and gas industry, balancing strengths against potential headwinds |
Analyst Perspectives | Learn about varied analyst targets for NOV, ranging from $20 to $24, reflecting mixed views on the company's future prospects |
NOV Inc. designs, constructs, manufactures, and sells systems, components, and products for oil and gas drilling and production, and industrial and renewable energy sectors in the United States and internationally. It operates through two segments, Energy Equipment, and Energy Products and Services. The company provides solids control and waste management equipment and services, managed pressure drilling, drilling fluids, premium drillpipe, wired pipe, drilling optimization services, tubular inspection and coating services, instrumentation, downhole tools, and drill bits. It 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, the company 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.
Metrics to compare | NOV | Sector Sector - Average of metrics from a broad group of related Energy sector companies | Relationship RelationshipNOVPeersSector | |
---|---|---|---|---|
P/E Ratio | 6.1x | 9.6x | 4.8x | |
PEG Ratio | 0.04 | 0.17 | 0.00 | |
Price/Book | 1.0x | 1.4x | 1.1x | |
Price / LTM Sales | 0.7x | 0.8x | 1.2x | |
Upside (Analyst Target) | 34.2% | 34.6% | 28.6% | |
Fair Value Upside | Unlock | 12.3% | 8.2% | Unlock |