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Saturday, June 3, 2023

Is NOV Inc. (NYSE: NOV) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for NOV Inc. (NOV) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $15.52. The NOV Inc. has recorded 166,430 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Borets International rebrands to Levare International and announces appointment of new Chief Executive Officer and Chairman.

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Stocks Info

NOV belongs to the Energy sector of the NYSE while operating in the Oil & Gas Equipment & Services industry. At the end of the last regular session, the stock closed at $15.52 and fluctuated between $15.66 as its day high and $15.19 as its day low. The current market capitalization of NOV Inc. is $6.14B. A total of 4.65 million shares were traded on the day, compared to an average of 4.86M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, NOV has seen 1 BUY and 11 SELL insider trades, representing the acquisition of 5,404 and the disposition of 60,461 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 now total 190,611.


Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. 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 18.54. NOV’s most recent ex-dividend date was 6/15/2023 when it declared a $0.05 quarterly dividend that was paid in cash on 6/30/2023. Previously, the company paid the dividend on 3/31/2023 with an ex-dividend date of 3/16/2023. The NOV stock dividend was $0.05 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for NOV in the last 3 months, the mean price target is $24.48 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 20 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

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. 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

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after 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.

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