After Hours
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for NOV Inc. (NOV) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.11, or -0.71%, to $15.45. The NOV Inc. has recorded 20,686 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted NOV Reports First Quarter 2023 Earnings.
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Stocks Info
As a NYSE listed company, NOV falls under the Energy sector while operating within the Oil & Gas Equipment & Services industry segment. At the end of the last regular session, the stock closed at $15.56 and fluctuated between $15.91 as its day high and $15.48 as its day low. The current market capitalization of NOV Inc. is $6.04B. A total of 4.95 million shares were traded on the day, compared to an average of 4.67M shares.
Insider Activity
Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, NOV has seen 14 BUY and 31 SELL insider trades, representing the acquisition of 543,157 and the disposition of 248,637 shares. Over the last 12 months, there were 26 BUYs and 36 SELLs from insiders. Insiders purchased 624,898 shares during that period but sold 279,024.
In the most recent transaction, MATTSON ERIC L sold 20,681 shares of NOV for 21.90 per share on Feb 28. After the transaction, the Director now owns 46,600 company shares. In a previous transaction on Feb 27, Novak Christy Lynn sold 9,607 shares at 21.86 per share. NOV shares that VP, Corp. Controller, CAO owns now total 84,600.
Among the insiders who sold shares, Novak Christy Lynn disposed of 4,575 shares on Nov 04 at a per-share price of $23.17. This resulted in the VP, Corp. Controller, CAO holding 64,086 shares of NOV after the transaction. In another insider transaction, Joseph Isaac H. sold 2,500 shares at $22.77 per share on Nov 01. Company shares held by the insider now total 190,611.
Dividend
Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. NOV Inc. pays an annual dividend of $0.20, resulting in a dividend yield of 1.29%, and it has a price to earnings (P/E) ratio of 18.59. NOV’s most recent ex-dividend date was 3/16/2023 when it declared a $0.05 quarterly dividend that was paid in cash on 3/31/2023. Previously, the company paid the dividend on 12/23/2022 with an ex-dividend date of 12/8/2022. The NOV stock dividend was $0.05 per share in cash.
In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for NOV in the last 3 months, the mean price target is $24.61 with high estimates of $30.00 and low estimates of $17.00. In terms of 52-week highs and lows, NOV has a high of $24.83 and a low of $13.98.
As of this writing, NOV has an earnings estimate of $0.3 per share for the current quarter. EPS was calculated based on a consensus of 17 estimates, with a high estimate of $0.36 per share and a lower estimate of $0.24. The company reported an EPS of $0.26 in the last quarter, which was 8.30% higher than expectations of $0.24.
Balance Sheet Annually/Quarterly
The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. NOV’s latest balance sheet shows that the firm has $1.59B in Cash & Short Term Investments as of fiscal 2021. There were $2.39B in debt and $1.91B in liabilities at the time. Its Book Value Per Share was $13.38, while its Total Shareholder’s Equity was $5.06B.
Analysts Opinion
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for NOV is Buy with a score of 3.94.
