NOV Inc (NOV) Stock Forecast & Predictions

NOV Inc NOV: $16.52

7909 Parkwood Circle Dr, Houston, Texas, US. | Sector: Manufacturing | Exchange: NEW YORK STOCK EXCHANGE INC. | Web: www.nov.com

  • Market Cap$6.45B
  • Change (52 Weeks)12.48%
  • Low (52 Weeks)$11.46
  • NOV Inc (NOV) Stock Forecast By Analysts


    Strong Buy
    Analysts Recommendations for NOV Inc (NOV) is based on 27 Institutional Analyst Ratings where 40.74% are on Strong Buy, 18.52% on Moderate Buy, 37.04% remains on Hold, 0.00% are on Moderate Sell and 3.70% are on Strong Sell.

    Out of 27 Institutional Analysts, majority recommended NOV stock as Strong Buy. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of NOV Inc.

    NOV Inc (NOV) Stock Price Prediction By Analysts


    HighLowAverage
    $24.15$12.12$17.83
    $17.837.9% Upside
    Updated: 2022-01-13 00:00:00

    The Average Price target for NOV set by the institutional analysts is $17.83 where High Estimate is $24.15, Median $17.34 and Low $12.12.

    The average price target for NOV by Institutional Analysts is $17.83, which is 7.9% Upside from the current price. So according to the Institutional Analysts, NOV Stock might be a bit undervalued at this stage and there’s potential for upside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    NOV Inc (NOV) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    JP MorganOverweightUpgraded
    Morgan StanleyEqual-WeightMaintained
    BMO CapitalMarket PerformUpgraded
    B of A SecuritiesBuyUpgraded
    Morgan StanleyEqual-WeightUpgraded
    Goldman SachsNeutralInitiated
    Morgan StanleyUnderweightMaintained
    Wells FargoOverweightUpgraded
    CitigroupBuyUpgraded
    B of A SecuritiesNeutralUpgraded
    Morgan StanleyUnderweightDowngraded
    Wells FargoEqual-WeightMaintained
    StifelBuyMaintained
    Credit SuisseOutperformReiterated
    BMO CapitalUnderperformInitiated
    Piper SandlerNeutralMaintained
    JP MorganNeutralMaintained
    Morgan StanleyEqual-WeightMaintained
    UBSNeutralMaintained
    BarclaysEqual-WeightDowngraded
    StifelBuyMaintained
    Raymond JamesOutperformMaintained
    Piper SandlerNeutralMaintained
    Cowen & Co.OutperformUpgraded
    UBSNeutralMaintained
    StifelBuyMaintained
    RF LaffertyBuyMaintained
    Piper SandlerNeutralDowngraded
    Credit SuisseOutperformUpgraded
    BarclaysOverweightUpgraded
    StifelBuyMaintained
    UBSNeutralMaintained
    Argus ResearchHoldDowngraded
    Wells FargoEqual-WeightMaintained
    SusquehannaPositiveMaintained
    Cowen & Co.Market PerformMaintained
    BernsteinMarket PerformInitiated
    Wells FargoEqual-WeightMaintained
    CitigroupBuyMaintained
    Goldman SachsBuyUpgraded
    Morgan StanleyEqual-WeightMaintained
    CitigroupBuyMaintained
    Wells FargoMarket PerformMaintained
    JefferiesBuyUpgraded
    Johnson RiceBuyUpgraded
    SusquehannaPositiveUpgraded
    Seaport GlobalNeutralUpgraded
    Raymond JamesOutperformMaintained
    CitigroupBuyUpgraded
    Johnson RiceHoldDowngraded
    CitigroupNeutralMaintained
    Raymond JamesOutperformMaintained
    BarclaysEqual-WeightMaintained
    Goldman SachsNeutralInitiated
    Stephens & Co.OverweightInitiated
    CitigroupNeutralMaintained
    Societe GeneraleBuyUpgraded
    Wells FargoMarket PerformMaintained
    Raymond JamesOutperformMaintained
    Evercore ISI GroupOutperformUpgraded
    Credit SuisseNeutralMaintained
    CitigroupNeutralMaintained
    BarclaysEqual-WeightMaintained
    JefferiesHoldMaintained
    Morgan StanleyEqual-WeightInitiated
    JP MorganNeutralMaintained
    CitigroupNeutralMaintained
    Stifel NicolausBuyInitiated
    Edward JonesHoldDowngraded
    RF LaffertyBuyUpgraded
    CitigroupNeutralMaintained
    BarclaysEqual-WeightMaintained
    Wells FargoMarket PerformMaintained
    Raymond JamesOutperformMaintained
    Credit SuisseNeutralMaintained
    BMO CapitalUnderperformMaintained
    CitigroupNeutralMaintained
    Societe GeneraleHoldDowngraded
    B. Riley FBRNeutralDowngraded
    B. RileyNeutralDowngraded
    BarclaysEqual-WeightMaintained
    SunTrust Robinson HumphreyHoldUpgraded
    CitigroupNeutralMaintained
    JP MorganNeutralMaintained
    BarclaysEqual-WeightMaintained
    Deutsche BankHoldInitiated
    CitigroupNeutralMaintained
    Loop CapitalBuyUpgraded
    SunTrust Robinson HumphreySellDowngraded
    PiperJaffrayOverweightUpgraded
    Argus ResearchBuyUpgraded
    ArgusBuyUpgraded
    Credit SuisseNeutralUpgraded
    Loop CapitalHoldInitiated
    Societe GeneraleBuyUpgraded
    Johnson RiceHoldDowngraded
    Seaport GlobalSellDowngraded
    CitigroupNeutralUpgraded
    CitigroupSellDowngraded
    Loop CapitalHoldInitiated
    CitigroupNeutralMaintained
    Johnson RiceAccumulateUpgraded
    JefferiesHoldMaintained
    Societe GeneraleSellDowngraded
    Morgan StanleyOverweightUpgraded
    BarclaysEqual-weightDowngraded
    Morgan StanleyUnderweightMaintained
    NomuraNeutralInitiated
    SusquehannaNeutralMaintained
    JefferiesHoldMaintained
    CitigroupNeutralMaintained
    BarclaysOverweightMaintained
    OppenheimerPerformInitiated
    KeyBancSector WeightDowngraded
    GMP SecuritiesHoldInitiated
    William BlairMarket PerformDowngraded
    KLR GroupBuyInitiated
    CitigroupNeutralUpgraded
    GuggenheimBuyUpgraded
    BarclaysOverweightMaintained
    CitigroupSellMaintained
    Credit SuisseUnderperformMaintained
    JP MorganNeutralUpgraded
    Argus ResearchHoldDowngraded
    ArgusHoldDowngraded
    Bank of AmericaNeutralDowngraded
    UBSSellDowngraded
    CitigroupSellMaintained
    JP MorganUnderweightInitiated
    CitigroupSellDowngraded
    Morgan StanleyUnderweightDowngraded
    BMO CapitalUnderperformInitiated
    UBSNeutralMaintained
    SusquehannaNeutralDowngraded
    Sterne AgeeNeutralDowngraded
    Clarksons PlatouHoldDowngraded
    Raymond JamesOutperformDowngraded
    JefferiesHoldMaintained
    Credit SuisseUnderperformDowngraded
    GuggenheimNeutralDowngraded
    CitigroupNeutralMaintained
    Societe GeneraleHoldDowngraded
    Seaport GlobalAccumulateUpgraded
    Credit SuisseNeutralMaintained
    FBR CapitalOutperformMaintained
    Credit SuisseNeutralDowngraded
    Cowen & Co.Market PerformDowngraded
    ISI GroupBuyInitiated
    HSBCNeutralDowngraded
    StandpointBuyUpgraded
    Wells FargoMarket PerformInitiated
    Raymond JamesOutperformMaintained
    JefferiesHoldDowngraded
    iBERIA Capital PartnersSector PerformDowngraded
    Credit SuisseOutperformMaintained
    Standpoint ResearchHoldDowngraded
    Gabelli & Co.BuyInitiated
    JP MorganOverweightMaintained
    Societe GeneraleBuyUpgraded
    Raymond JamesOutperformMaintained
    Seaport GlobalNeutralDowngraded
    CitigroupBuyMaintained
    Bank of AmericaBuyMaintained
    Standpoint ResearchBuyUpgraded
    Goldman SachsNeutralDowngraded
    ISI GroupNeutralDowngraded
    RBC CapitalSector PerformDowngraded
    BairdNeutralInitiated
    Clarksons PlatouOutperformInitiated
    JefferiesBuyMaintained
    Credit SuisseOutperformUpgraded
    Standpoint ResearchHoldDowngraded
    RBC CapitalOutperformUpgraded
    Societe GeneraleHoldDowngraded
    Cowen & Co.BuyMaintained
    BMO CapitalOutperformMaintained
    CitigroupBuyMaintained
    BernsteinMarket PerformDowngraded
    RS Platou MarketsBuyMaintained
    JefferiesBuyMaintained
    Dahlman RoseBuyMaintained
    BMO CapitalOutperformMaintained
    BarclaysOverweightMaintained
    Credit SuisseNeutralInitiated
    ISI GroupBuyDowngraded
    RBC CapitalSector PerformDowngraded
    GuggenheimNeutralDowngraded
    Credit AgricoleOutperformDowngraded
    Standpoint ResearchBuyUpgraded
    JP MorganOverweightMaintained
    JefferiesBuyMaintained
    Societe GeneraleBuyMaintained
    RS Platou MarketsBuyMaintained
    Dahlman RoseBuyMaintained
    CitigroupBuyMaintained
    Standpoint ResearchHoldDowngraded
    Societe GeneraleBuyUpgraded
    Standpoint ResearchBuyUpgraded
    RS Platou MarketsBuyMaintained
    CitigroupBuyMaintained

    NOV Inc (NOV) Stock Earning Per Share (EPS) Forecast / Estimate


    $-0.012
    The average consensus EPS for NOV is $-0.012 with a high estimate of $0.032 and Low of $-0.078 for the period 2022-03-31 and based on 22 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $-0.12$-0.07572021-09-30


    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $$-0.0322021-12-31
    $-0.12$-0.07572021-09-30
    $-0.03$-0.1312021-06-30
    $-0.27$-0.21992021-03-31
    $-0.29$-0.18782020-12-31
    $0.02$-0.10292020-09-30
    $0.02$-0.13672020-06-30
    $0.55$0.09222020-03-31
    $0.4$0.1582019-12-31
    $0.04$0.12432019-09-30
    $0.02$-0.06352019-06-30
    $-0.17$-0.08222019-03-31
    $0.09$0.07762018-12-31
    $0$0.11832018-09-30
    $0.06$0.02032018-06-30
    $-0.21$-0.05162018-03-31
    $-0.04$-0.03912017-12-31
    $-0.07$-0.08322017-09-30
    $-0.14$-0.14452017-06-30
    $-0.17$-0.20952017-03-31
    $-0.15$-0.29552016-12-31
    $-0.34$-0.27852016-09-30
    $-0.3$-0.32372016-06-30
    $-0.06$-0.10552016-03-31
    $0.23$0.44212015-12-31
    $0.61$0.5612015-09-30
    $0.77$0.6472015-06-30
    $1.14$1.1022015-03-31
    $1.69$1.61562014-12-31
    $1.62$1.55052014-09-30
    $1.47$1.45172014-06-30
    $1.4$1.39422014-03-31
    $1.56$1.40572013-12-31
    $1.34$1.32832013-09-30
    $1.33$1.34522013-06-30
    $1.29$1.37682013-03-31
    $1.49$1.45452012-12-31
    $1.52$1.5242012-09-30
    $1.46$1.41262012-06-30
    $1.44$1.40882012-03-31

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).