In the latest trading session,, 0.85 million NOV Inc (NYSE:NOV) shares changed hands as the company’s beta touched 1.30. With the company’s most recent per share price at $13.41 changing hands around $0.1 or 0.79% at last look, the market valuation stands at $5.04B. NOV’s current price is a discount, trading about -55.33% off its 52-week high of $20.83. The share price had its 52-week low at $10.65, which suggests the last value was 20.58% up since then.
Analysts gave the NOV Inc (NOV) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.46. If we narrow down to specifics, the data shows that 1 out of 7 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended NOV as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight.
NOV Inc (NYSE:NOV) trade information
Instantly NOV is in green as seen in intraday trades today. With action 9.51%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -6.48%, with the 5-day performance at 9.51% in the green. However, in the 30-day time frame, NOV Inc (NYSE:NOV) is 5.52% up.
The consensus price target for the stock as assigned by Wall Street analysts is 22, meaning bulls need an upside of 39.05% from its recent market value. According to analyst projections, NOV’s forecast low is 12 with 23 as the target high. To hit the forecast high, the stock’s price needs a -71.51% plunge from its current level, while the stock would need to tank 10.51% for it to hit the projected low.
The 2025 estimates are for NOV Inc earnings to decrease by -6.62%, but the outlook for the next 5-year period is at 7.87% per year.
NOV Dividends
NOV Inc is expected to release its next quarterly earnings report in July. The 1.65% annual yield figure for the share gives it an annual dividend of 0.22. It is important to note, however, that the 1.65% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 9.7956% or 38.69 million shares worth $735.54 million as of 2024-06-30.
Among Mutual Funds, the top two as of Jan 31, 2025 were First Eagle Funds-First Eagle Global Fund and VANGUARD WINDSOR FUNDS-Vanguard Windsor II Fund . With 28.26 shares estimated at $378.9 million under it, the former controlled 7.52% of total outstanding shares. On the other hand, VANGUARD WINDSOR FUNDS-Vanguard Windsor II Fund held about 4.46% of the shares, roughly 16.77 shares worth around $224.93 million.
