
NOV (NOV) Stock Forecast & Price Target
NOV (NOV) Analyst Ratings
Bulls say
NOV's stock outlook remains positive due to robust demand for offshore production equipment, contributing to significant increases in revenue from subsea flexible pipes and driving year-over-year improvements. The company's energy equipment backlog reached $4,560 million, exceeding estimates and indicating a 6.5% sequential growth alongside a year-over-year increase of 1.8%, which bodes well for future revenues. Additionally, management's commitment to margin improvement is apparent, as EBITDA margins rose to 14.4%—surpassing forecasts—thanks to effective cost controls and enhanced operational efficiencies, positioning the company favorably despite potential industry challenges.
Bears say
The analysis indicates a negative outlook for NOV due to declining Adjusted EBITDA, which decreased by 21.5% year-over-year to $135.0 million, despite slightly exceeding estimates. Additionally, total revenue showed stagnation on a sequential and year-over-year basis, with a projected decline of 2-4% anticipated in the upcoming periods, suggesting weakening demand within the industry. Furthermore, global drilling activity has decreased, along with delays in infrastructure projects, adversely impacting capital equipment orders and contributing to the expected revenue drop of 8-10% year-over-year.
This aggregate rating is based on analysts' research of NOV and is not a guaranteed prediction by Public.com or investment advice.
NOV (NOV) Analyst Forecast & Price Prediction
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