NOV Inc.

Equities

NOV

US62955J1034

Oil Related Services and Equipment

Market Closed - Nyse Other stock markets 04:00:02 2024-04-26 pm EDT			5-day change	1st Jan Change
18.87 ^USD	-0.42%		+0.64%	-6.95%

Apr. 26	Transcript : NOV Inc., Q1 2024 Earnings Call, Apr 26, 2024
Apr. 26	NOV Inc. Expects to Increase Its Quarterly Cash Dividend from Quarter Ended June 30, 2024	CI

NOV Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023

February 01, 2024 at 05:30 pm EST

NOV Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 2,343 million compared to USD 2,073 million a year ago. Revenue was USD 2,343 million compared to USD 2,073 million a year ago. Net income was USD 598 million compared to USD 104 million a year ago. Basic earnings per share from continuing operations was USD 1.52 compared to USD 0.27 a year ago. Diluted earnings per share from continuing operations was USD 1.51 compared to USD 0.26 a year ago.
For the full year, sales was USD 8,583 million compared to USD 7,237 million a year ago. Revenue was USD 8,583 million compared to USD 7,237 million a year ago. Net income was USD 993 million compared to USD 155 million a year ago. Basic earnings per share from continuing operations was USD 2.53 compared to USD 0.4 a year ago. Diluted earnings per share from continuing operations was USD 2.5 compared to USD 0.39 a year ago.

Latest news about NOV Inc.

Transcript : NOV Inc., Q1 2024 Earnings Call, Apr 26, 2024	Apr. 26
NOV Inc. Expects to Increase Its Quarterly Cash Dividend from Quarter Ended June 30, 2024	Apr. 26	CI
NOV Inc. Intends to Declare A Supplemental Dividend During the Quarter Ended June 30, 2025	Apr. 26	CI
NOV Inc. announces an Equity Buyback for $1,000 million worth of its shares.	Apr. 26	CI
NOV Q1 Profit Declines, Revenue Rises; Issues Q2, Full-Year Guidance; Unveils Plans for Return of Capital	Apr. 26	MT
NOV Inc. Provides Earnings Guidance for the Second Quarter and Full Year of 2024	Apr. 25	CI
NOV Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024	Apr. 25	CI
NOV Inc. authorizes a Buyback Plan.	Apr. 24	CI
Morgan Stanley Raises Price Target on NOV to $25 From $24 on Removal of 'Saudi Risk Premium,' Keeps Overweight Rating	Apr. 18	MT
Arcosa Closes $180 Million Acquisition of Ameron Pole Products	Apr. 09	MT
Cemc Services, LLC completed the acquisition of Ameron Pole Products LLC from NOV Inc..	Apr. 08	CI
Arcosa to Buy Ameron Pole Products From NOV for $180 Million	Mar. 11	MT
Cemc Services, LLC entered into a Membership Interest Purchase Agreement to acquire Ameron Pole Products LLC from NOV Inc. for $180 million.	Mar. 10	CI
NOV Inc. Appoints Patricia Martinez to the Board of Directors	Mar. 06	CI
NOV Inc. Establishes Regional Headquarters in Dammam, Saudi Arabia	Feb. 22	CI
Piper Sandler Adjusts NOV's Price Target to $22 From $25, Keeps Neutral Rating	Feb. 20	MT
NOV Inc. Declares Regular Quarterly Dividend, Payable on March 28, 2024	Feb. 15	CI
Raymond James Adjusts Price Target on NOV to $25 From $28, Maintains Outperform Rating	Feb. 05	MT
Sector Update: Energy Stocks Slip Premarket Friday	Feb. 02	MT
Transcript : NOV Inc., Q4 2023 Earnings Call, Feb 02, 2024	Feb. 02
NOV Q4 Earnings, Revenue Rises	Feb. 01	MT
Earnings Flash (NOV) NOV Reports Q4 Revenue $2.34B, vs. Street Est of $2.26B	Feb. 01	MT
NOV Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023	Feb. 01	CI
NOV Inc. Appoints Patricia Melcher to the Board of Directors, Effective January 17, 2024	Jan. 17	CI
TD Cowen Adjusts Price Target on NOV to $29 From $28, Maintains Outperform Rating	Dec. 12	MT

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Company Profile

NOV Inc. is an independent equipment and technology provider to the global energy industry. The Company operates through two segments: Energy Equipment, and Energy Products and Services. Its engineering knowhow, global supply chain management, manufacturing, and energy infrastructure development support provides capabilities to assist customers with energy transition advancement. It is also a geothermal equipment and technology provider, offering an array of tools and equipment specifically designed for the ultra-harsh conditions associated with geothermal development. Additionally, the Company is an equipment and technology provider for purpose-built vessels used to build, install, and maintain offshore wind towers and turbines. The Company is engaged in the development and commercialization of novel products and technologies to improve the efficiencies and economics of land and offshore-based wind, geothermal power generation, and carbon capture and sequestration.

Sector

Oil Related Services and Equipment

Calendar

2024-07-23 - Q2 2024 Earnings Release (Projected)

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Ratings for NOV Inc.

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Investor Rating

ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

18.87 USD

Average target price

23.75 USD

Spread / Average Target

+25.87%

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Quarterly earnings - Rate of surprise

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