Investing In NOV Inc (NYSE: NOV): Why Should You?

After Hours

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. Earlier, Yahoo Finance discussed this stock as it revealed NOV Appoints Patricia Melcher to the Board of Directors.

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Stocks Info

The company is listed on the NYSE and operates within the Oil & Gas Equipment & Services industry segment. The current market capitalization of NOV Inc is $7.52B. A total of 2.61 million shares were traded on the day, compared to an average of 3.24M shares.

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. 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 21 BUYs and 31 SELLs from insiders. Insiders purchased 627,157 shares during that period but sold 248,637.

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.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. NOV Inc pays an annual dividend of $0.20, resulting in a dividend yield of 1.05%, and it has a price to earnings (P/E) ratio of 15.12. NOV’s most recent ex-dividend date was 12/7/2023 when it declared a $0.05 quarterly dividend that was paid in cash on 12/22/2023. Previously, the company paid the dividend on 9/29/2023 with an ex-dividend date of 9/14/2023. The NOV stock dividend was $0.05 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. 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 $Novo Nordisk A/S per share for the current quarter. EPS was calculated based on a consensus of Novavax, Inc. estimates, with a high estimate of $ServiceNow, Inc. per share and a lower estimate of $Nokia Corporation Sponsored.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on 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 $14.02, while its Total Shareholder’s Equity was $5.06B.

Analysts Opinion

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. 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 4.00.

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