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Wednesday, December 6, 2023

This Is Too Hot For NOV Inc (NYSE: NOV), Let’s Take A Closer Look

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 same, with the stock’s consolidated last price to $19.96. The NOV Inc has recorded 100,844 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that NOV Announces Retirements and Appointments of Officers and Consolidation of Operational Segment Structure.

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 $19.96 and fluctuated between $20.12 as its day high and $19.50 as its day low. The current market capitalization of NOV Inc is $7.86B. A total of 3.79 million shares were traded on the day, compared to an average of 3.61M 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 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 22 BUYs and 33 SELLs from insiders. Insiders purchased 628,712 shares during that period but sold 255,712.

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.


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 1.00%, and it has a price to earnings (P/E) ratio of 15.82. NOV’s most recent ex-dividend date was 9/14/2023 when it declared a $0.05 quarterly dividend that was paid in cash on 9/29/2023. Previously, the company paid the dividend on 6/30/2023 with an ex-dividend date of 6/15/2023. 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 $25.13 with high estimates of $33.00 and low estimates of $18.00. In terms of 52-week highs and lows, NOV has a high of $24.83 and a low of $14.05.

As of this writing, NOV has an earnings estimate of $0.34 per share for the current quarter. EPS was calculated based on a consensus of 23 estimates, with a high estimate of $0.47 per share and a lower estimate of $0.28. The company reported an EPS of $0.32 in the last quarter, which was 45.50% higher than expectations of $0.22.

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 $14.02, 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 3.89.

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