1 day Ago By Defense World Staff
Shares of NOV Inc. ( NYSE:NOV – Get Free Report ) have earned an average recommendation of “Moderate Buy” from the sixteen ratings firms that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating on the company.
The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $21.64. NOV has been the subject of a number of analyst reports.
JPMorgan Chase & Co. reduced their target price on shares of NOV from $23.00 to $22.
00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. Benchmark reissued a “hold” rating on shares of NOV in a report on Friday, July 26th. Wells Fargo & Company cut their target price on NOV from $16.
00 to $15.00 and set an “underweight” rating on the stock in a research note on Monday, November 4th. BMO Capital Markets decreased their price target on NOV from $22.
00 to $20.00 and set a “market perform” rating for the company in a research note on Thursday, October 10th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $24.
00 price objective on shares of NOV in a research note on Monday, July 29th. Read Our Latest Research Report on NOV Hedge Funds Weigh In On NOV NOV Trading Down 0.1 % NYSE:NOV opened at $15.
99 on Wednesday. The firm has a market capitalization of $6.22 billion, a P/E ratio of 5.
90, a P/E/G ratio of 0.93 and a beta of 1.66.
The business has a 50 day simple moving average of $16.02 and a 200 day simple moving average of $17.47.
The company has a debt-to-equity ratio of 0.26, a current ratio of 2.57 and a quick ratio of 1.
65. NOV has a 12-month low of $14.98 and a 12-month high of $21.
23. NOV Announces Dividend The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be issued a dividend of $0.
075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.
88%. The ex-dividend date is Friday, December 6th. NOV’s payout ratio is 11.
07%. NOV Company Profile ( Get Free Report 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. Further Reading Five stocks we like better than NOV Why Understanding Call Option Volume is Essential to Successful Options Trading Super Micro Computer Soars 28%: Is It Really Out of the Woods? Most active stocks: Dollar volume vs share volume Traders Are Flocking Back to Oil: What’s Fueling the Optimism How to Calculate Options Profits 3 Hot Stock Trends to Ride Into 2025 Receive News & Ratings for NOV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NOV and related companies with MarketBeat.com's FREE daily email newsletter .
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