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NOV Inc (NOV) is a leading oil & gas equipment & services business with stocks listed in the US. It opened the day at US$17.21 after a previous close of US$16.91. During the day the price has varied from a low of USD16.9 to a high of USD17.31. The latest price was USD16.93 (25 minute delay). NOV is listed on the NYSE. All prices are listed in US Dollars.
How to buy shares in NOV
- Compare share trading platforms. To buy shares in a US company from Australia you'll need to find a trading platform that offers access to US stock markets. If you're just starting out, look for a platform with low brokerage and foreign exchange fees.
- Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, credit card or debit card.
- Search for NOV. Find the share by name or ticker symbol: NOV. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until NOV reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At last close price of US$17.66, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs. You may be able to buy a fractional share of NOV, depending on your broker.
- Check in on your investment. Congratulations, you own a part of NOV. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.
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What's in this guide?
NOV share price
Use our graph to track the performance of NOV stocks over time.NOV shares at a glance
Information last updated 2021-06-11.
| Open | US$17.21 |
|---|---|
| High | US$17.31 |
| Low | US$16.9 |
| Close | US$16.93 |
| Previous close | US$16.91 |
| Change | US$0.02 |
| Change % | 0.1183% |
| Volume | 3,086,829 |
Information last updated 2021-06-09.
| 52-week range | US$7.7 - US$18.02 |
|---|---|
| 50-day moving average | US$15.9826 |
| 200-day moving average | US$14.6246 |
| Target price | US$17.29 |
| PE ratio | N/A |
| Dividend yield | US$0 (0%) |
| Earnings per share (TTM) | US$-14.35 |
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The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.
Is it a good time to buy NOV stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
NOV price performance over time
Historical closes compared with the last close of $16.93
| 1 week (2021-06-02) | -2.92% |
|---|---|
| 1 month (2021-05-12) | -0.12% |
| 3 months (2021-03-12) | 1.38% |
| 6 months (2020-12-11) | 18.23% |
| 1 year (2020-06-12) | 32.58% |
|---|---|
| 2 years (2019-06-12) | -17.58% |
| 3 years (2018-06-12) | -59.95% |
| 5 years (2016-06-10) | -51.67% |
Is NOV under- or over-valued?
Valuing NOV stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of NOV's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
NOV's EBITDA
NOV's EBITDA (earnings before interest, taxes, depreciation and amortisation) is US$224 million.
The EBITDA is a measure of a NOV's overall financial performance and is widely used to measure a its profitability.
NOV financials
| Revenue TTM | US$5.5 billion |
|---|---|
| Gross profit TTM | US$434 million |
| Return on assets TTM | -3.46% |
| Return on equity TTM | -11.25% |
| Profit margin | -11.18% |
| Book value | 13.006 |
| Market capitalisation | US$6.8 billion |
TTM: trailing 12 months
Shorting NOV shares
There are currently 18.8 million NOV shares held short by investors – that's known as NOV's "short interest". This figure is 15.4% up from 16.3 million last month.
There are a few different ways that this level of interest in shorting NOV shares can be evaluated.
NOV's "short interest ratio" (SIR)
NOV's "short interest ratio" (SIR) is the quantity of NOV shares currently shorted divided by the average quantity of NOV shares traded daily (recently around 4.7 million). NOV's SIR currently stands at 4.03. In other words for every 100,000 NOV shares traded daily on the market, roughly 4030 shares are currently held short.
However NOV's short interest can also be evaluated against the total number of NOV shares, or, against the total number of tradable NOV shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case NOV's short interest could be expressed as 0.05% of the outstanding shares (for every 100,000 NOV shares in existence, roughly 50 shares are currently held short) or 0.0615% of the tradable shares (for every 100,000 tradable NOV shares, roughly 62 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against NOV.
Find out more about how you can short NOV stock.
NOV's environmental, social and governance track record
Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like NOV.
When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.
NOV's total ESG risk score
Total ESG risk: 38.8
Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and NOV's overall score of 38.8 (as at 12/31/2018) is pretty weak – landing it in it in the 80th percentile of companies rated in the same sector.
ESG scores are increasingly used to estimate the level of risk a company like NOV is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).
NOV's environmental score
Environmental score: 20.61/100
NOV's environmental score of 20.61 puts it squarely in the 8th percentile of companies rated in the same sector. This could suggest that NOV is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.
NOV's social score
Social score: 19.23/100
NOV's social score of 19.23 puts it squarely in the 8th percentile of companies rated in the same sector. This could suggest that NOV is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.
NOV's governance score
Governance score: 13.96/100
NOV's governance score puts it squarely in the 8th percentile of companies rated in the same sector. That could suggest that NOV is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.
NOV's controversy score
Controversy score: 1/5
ESG scores also evaluate any incidences of controversy that a company has been involved in. NOV scored a 1 out of 5 for controversy – the highest score possible, reflecting that NOV has managed to keep its nose clean.
Environmental, social, and governance (ESG) summary
NOV Inc was last rated for ESG on: 2019-01-01.
| Total ESG score | 38.8 |
|---|---|
| Total ESG percentile | 79.7 |
| Environmental score | 20.61 |
| Environmental score percentile | 8 |
| Social score | 19.23 |
| Social score percentile | 8 |
| Governance score | 13.96 |
| Governance score percentile | 8 |
| Level of controversy | 1 |
NOV share dividends
We're not expecting NOV to pay a dividend over the next 12 months.
Have NOV's shares ever split?
NOV's shares were split on a 1109:1000 basis on 1 June 2014. So if you had owned 1000 shares the day before before the split, the next day you'd have owned 1109 shares. This wouldn't directly have changed the overall worth of your NOV shares – just the quantity. However, indirectly, the new 9.8% lower share price could have impacted the market appetite for NOV shares which in turn could have impacted NOV's share price.
NOV share price volatility
Over the last 12 months, NOV's shares have ranged in value from as little as US$7.7 up to US$18.02. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while NOV's is 2.3092. This would suggest that NOV's shares are significantly more volatile than the average for this exchange and represent a higher risk.
NOV overview
NOV Inc. designs, constructs, manufactures, and sells systems, components, and products for use in oil and gas drilling and production, and industrial and renewable energy sectors worldwide. It operates through three segments: Wellbore Technologies, Completion & Production Solutions, and Rig Technologies. The company offers various equipment and technologies used to perform drilling operations. It also provides solids control and waste management equipment and services; portable power generation products; drill and wired pipes; drilling optimization and automation services; tubular inspection, repair, and coating services; instrumentation, and measuring and monitoring services; downhole and fishing tools; and drill bits. The company offers equipment and technologies for hydraulic fracture stimulation, including pressure pumping trucks, blenders, sanders, hydration and injection units, flowline, and manifolds; well intervention, such as coiled tubing and wireline units, as well as blowout preventers and tools; onshore production comprising fluid processing systems, composite pipes, surface transfer and progressive cavity pumps, and artificial lift systems; fluid processing and floating production systems, and subsea production technologies; and connectors for conductor pipes. It also provides substructures, derricks, and masts; cranes; jacking systems; pipe lifting, racking, rotating, and assembly systems; mud pumps; blowout preventers; drives and generators; rig instrumentation and control systems; mooring, anchor, and deck handling machinery; equipment components for offshore wind construction vessels; and pipelay and construction systems. NOV Inc. offers spare parts, repair, and rentals, as well as remote equipment monitoring, technical support, field, and customer training services. The company was formerly known as National Oilwell Varco, Inc. and changed its name to NOV Inc. in January 2021. NOV Inc. was founded in 1862 and is based in Houston, Texas.
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