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NOV (NOV) Stock Forecast, Price Target & Predictions

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NOV Stock Forecast

NOV stock forecast is as follows: an average price target of $20.00 (represents a 38.89% upside from NOV’s last price of $14.40) and a rating consensus of 'Buy', based on 10 wall street analysts offering a 1-year stock forecast.

NOV Price Target

The average price target for NOV (NOV) is $20.00 based on 1-year price targets from 10 Wall Street analysts in the past 3 months, with a price target range of $25.00 to $12.00. This represents a potential 38.89% upside from NOV's last price of $14.40.

NOV Analyst Ratings

Buy

According to 10 Wall Street analysts, NOV's rating consensus is 'Buy'. The analyst rating breakdown for NOV stock is 0 'Strong Buy' (0.00%), 5 'Buy' (50.00%), 3 'Hold' (30.00%), 2 'Sell' (20.00%), and 0 'Strong Sell' (0.00%).

NOV Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Dec 18, 2024David AndersonBarclays$12.00$14.19-15.43%-16.67%
Oct 11, 2024Stephen GengaroStifel Nicolaus$25.00$16.2553.85%73.61%
Oct 10, 2024Phillip JungwirthBMO Capital$20.00$15.9325.55%38.89%
Sep 16, 2024Daniel KutzMorgan Stanley$23.00$15.8645.02%59.72%
Jul 30, 2024David AndersonBarclays$20.00$19.810.96%38.89%
Feb 08, 2023Susquehanna$29.00$23.3024.44%101.39%
Jul 29, 2022Morgan Stanley$19.00$17.538.39%31.94%
Jul 13, 2022Morgan Stanley$18.00$14.7222.24%25.00%
Jul 13, 2022Goldman Sachs$16.00$14.887.53%11.11%
Jun 08, 2022Barclays$22.00$21.452.56%52.78%
May 02, 2022Barclays$20.00$18.687.07%38.89%
Feb 04, 2022James WestEvercore ISI$22.00$16.1736.05%52.78%
Dec 09, 2021Marc BianchiCowen & Co.$19.00$13.4940.85%31.94%
Oct 11, 2021Connor LynaghMorgan Stanley$17.00$14.4317.81%18.06%
Jul 19, 2021Phillip JungwirthBMO Capital$15.00$13.1514.07%4.17%
May 04, 2021Vaibhav VaishnavCoker Palmer$12.00$15.46-22.38%-16.67%

The latest NOV stock forecast, released on Dec 18, 2024 by David Anderson from Barclays, set a price target of $12.00, which represents a -15.43% decrease from the stock price at the time of the forecast ($14.19), and a -16.67% decrease from NOV last price ($14.40).

NOV Price Target by Period

1M3M12M
# Anlaysts-15
Avg Price Target-$12.00$20.00
Last Closing Price$14.40$14.40$14.40
Upside/Downside-100.00%-16.67%38.89%

In the current month, the average price target of NOV stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to NOV's last price of $14.40. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Dec 18, 2024Piper SandlerUnderperformNeutralInitialise
Dec 18, 2024BarclaysUnderweightUnderweightHold
Dec 12, 2024Goldman SachsSellSellHold
Oct 28, 2024SusquehannaPositivePositiveHold
Oct 28, 2024Cowen & Co.BuyBuyHold
Oct 10, 2024RBC CapitalUnderperformUnderperformHold
Oct 10, 2024Wells FargoMarket PerformMarket PerformHold
Oct 10, 2024BMO CapitalMarket PerformMarket PerformHold
Sep 24, 2024Wells FargoUnderweightDowngrade
Sep 16, 2024RBC CapitalSector PerformSector PerformHold
Sep 16, 2024Piper SandlerUnderperformUnderperformHold
Sep 16, 2024Morgan StanleyOverweightOverweightHold
Jul 30, 2024BarclaysUnderweightUnderweightHold
Jul 29, 2024Cowen & Co.BuyBuyHold
Apr 29, 2024SusquehannaSector PerformSector PerformHold
Apr 29, 2024RBC CapitalUnderperformUnderperformHold
Apr 08, 2024RBC CapitalUnderperformUnderperformHold
Apr 08, 2024SusquehannaSector PerformSector PerformHold
Feb 20, 2024Piper SandlerNeutralNeutralHold
Feb 06, 2024RBC CapitalSector PerformSector PerformHold
Feb 06, 2024Raymond JamesUnderperformUnderperformHold
Oct 30, 2023Raymond JamesOutperformOutperformHold
Jul 14, 2023Raymond JamesOutperformOutperformHold
Feb 08, 2023Piper SandlerNeutralNeutralHold
Jan 04, 2023Morgan StanleyEqual-WeightOverweightUpgrade
Oct 12, 2022CitigroupBuyUpgrade
Sep 30, 2022Bank of America SecuritiesNeutralBuyUpgrade
Jul 29, 2022Bank of America SecuritiesNeutralUpgrade
Jul 13, 2022Morgan StanleyEqual-WeightEqual-WeightHold
Jul 13, 2022Goldman SachsSellSellHold
Jun 08, 2022BarclaysEqual-WeightEqual-WeightHold
May 02, 2022BarclaysEqual-WeightEqual-WeightHold

NOV's last stock rating was published by Piper Sandler on Dec 18, 2024. The company Initialise its NOV rating from "Underperform" to "Neutral".

NOV Financial Forecast

NOV Revenue Forecast

Sep 29Jun 29Mar 29Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22
Revenue-----------------------$2.34B$2.19B$2.09B$1.96B$2.07B$1.89B$1.73B
Avg Forecast$2.54B$2.53B$2.51B$2.49B$2.47B$2.45B$2.43B$2.41B$2.41B$2.38B$2.27B$2.45B$2.36B$2.30B$2.18B$2.32B$2.24B$2.20B$2.12B$2.25B$2.22B$2.19B$2.11B$2.26B$2.13B$2.07B$1.96B$1.96B$1.82B$1.64B
High Forecast$2.62B$2.61B$2.59B$2.57B$2.55B$2.53B$2.51B$2.48B$2.48B$2.46B$2.34B$2.53B$2.43B$2.37B$2.25B$2.39B$2.31B$2.27B$2.14B$2.27B$2.23B$2.19B$2.11B$2.29B$2.15B$2.14B$2.02B$2.10B$1.82B$1.64B
Low Forecast$2.48B$2.46B$2.45B$2.43B$2.41B$2.39B$2.37B$2.35B$2.35B$2.33B$2.21B$2.39B$2.30B$2.24B$2.13B$2.26B$2.18B$2.14B$2.07B$2.21B$2.21B$2.19B$2.11B$2.25B$2.04B$2.02B$1.91B$1.90B$1.82B$1.64B
# Analysts98765556666661211109813149749191898811
Surprise %-----------------------1.04%1.03%1.01%1.00%1.06%1.04%1.06%

NOV's average Quarter revenue forecast for Mar 24 based on 4 analysts is $2.11B, with a low forecast of $2.11B, and a high forecast of $2.11B. NOV's average Quarter revenue forecast represents a -9.98% decrease compared to the company's last Quarter revenue of $2.34B (Dec 23).

NOV EBITDA Forecast

Sep 29Jun 29Mar 29Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22
# Analysts98765556666661211109813149749191898811
EBITDA-----------------------$161.00M$183.00M$181.00M$235.00M$231.00M$159.00M$162.00M
Avg Forecast$-428.71M$-425.52M$-422.35M$-419.20M$-416.08M$-412.98M$-409.91M$-405.75M$-405.75M$-401.87M$-382.16M$-412.58M$-397.63M$-387.31M$-367.44M$-390.19M$-376.74M$-369.98M$-357.05M$-378.61M$-373.81M$-368.65M$96.73M$-381.03M$-358.58M$-348.92M$87.94M$33.73M$52.47M$47.10M
High Forecast$-418.27M$-415.16M$-412.07M$-409.00M$-405.95M$-402.93M$-399.93M$-395.87M$-395.87M$-392.09M$-372.85M$-402.53M$-387.95M$-377.88M$-358.50M$-380.69M$-367.57M$-360.98M$-348.62M$-371.85M$-371.68M$-368.65M$116.08M$-379.35M$-343.84M$-340.43M$105.52M$40.48M$52.47M$47.10M
Low Forecast$-442.26M$-438.96M$-435.70M$-432.45M$-429.23M$-426.03M$-422.86M$-418.57M$-418.57M$-414.57M$-394.23M$-425.62M$-410.20M$-399.55M$-379.06M$-402.53M$-388.64M$-381.68M$-360.41M$-381.99M$-375.95M$-368.65M$77.38M$-386.09M$-361.87M$-359.95M$70.35M$26.99M$52.47M$47.10M
Surprise %------------------------0.42%-0.51%-0.52%2.67%6.85%3.03%3.44%

4 analysts predict NOV's average Quarter EBITDA for Mar 24 to be $96.73M, with a high of $116.08M and a low of $77.38M. This is -39.92% lower than NOV's previous annual EBITDA (Dec 23) of $161.00M.

NOV Net Income Forecast

Sep 29Jun 29Mar 29Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22
# Analysts98765556666661211109813149749191898811
Net Income-----------------------$598.00M$114.00M$155.00M$126.00M$104.00M$32.00M$69.00M
Avg Forecast$221.24M$213.30M$199.40M$209.78M$206.11M$197.46M$183.48M$187.55M$185.89M$179.98M$158.71M$187.66M$170.23M$157.73M$135.19M$163.72M$147.50M$136.65M$116.44M$144.12M$138.46M$136.82M$-84.85M$163.36M$137.53M$116.11M$-77.14M$-31.53M$66.10M$16.79M
High Forecast$230.33M$222.07M$207.59M$218.40M$214.58M$205.57M$191.01M$195.25M$193.53M$187.38M$165.23M$195.37M$177.22M$164.21M$140.74M$170.44M$153.56M$142.27M$147.49M$164.71M$142.50M$137.29M$-67.88M$175.32M$190.11M$120.89M$-61.71M$-25.23M$66.10M$16.79M
Low Forecast$214.24M$206.55M$193.08M$203.14M$199.59M$191.21M$177.67M$181.61M$180.01M$174.29M$153.69M$181.72M$164.84M$152.74M$130.91M$158.53M$142.83M$132.33M$100.91M$123.54M$134.41M$136.35M$-101.82M$151.41M$113.26M$112.44M$-92.56M$-37.84M$66.10M$16.79M
Surprise %-----------------------3.66%0.83%1.33%-1.63%-3.30%0.48%4.11%

NOV's average Quarter net income forecast for Mar 24 is $-84.85M, with a range of $-101.82M to $-67.88M. NOV's average Quarter net income forecast represents a -114.19% decrease compared to the company's last Quarter net income of $598.00M (Dec 23).

NOV SG&A Forecast

Sep 29Jun 29Mar 29Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22
# Analysts98765556666661211109813149749191898811
SG&A-----------------------$336.00M$285.00M$276.00M$285.00M$281.00M$313.00M$241.00M
Avg Forecast$388.03M$385.14M$382.28M$379.43M$376.60M$373.80M$371.02M$367.25M$367.25M$363.74M$345.90M$373.43M$359.90M$350.56M$332.58M$353.17M$340.99M$334.88M$323.17M$342.69M$338.35M$333.68M$398.80M$344.88M$324.56M$315.82M$362.55M$159.13M$277.92M$249.45M
High Forecast$400.30M$397.32M$394.36M$391.42M$388.51M$385.61M$382.74M$378.86M$378.86M$375.24M$356.83M$385.23M$371.28M$361.64M$343.09M$364.33M$351.77M$345.46M$326.22M$345.75M$340.28M$333.68M$478.56M$349.46M$327.54M$325.80M$435.06M$190.96M$277.92M$249.45M
Low Forecast$378.59M$375.77M$372.97M$370.19M$367.44M$364.70M$361.98M$358.31M$358.31M$354.89M$337.48M$364.34M$351.14M$342.03M$324.48M$344.58M$332.69M$326.73M$315.55M$336.57M$336.41M$333.68M$319.04M$343.36M$311.21M$308.13M$290.04M$127.31M$277.92M$249.45M
Surprise %-----------------------0.97%0.88%0.87%0.79%1.77%1.13%0.97%

NOV's average Quarter SG&A projection for Mar 24 is $398.80M, based on 4 Wall Street analysts, with a range of $319.04M to $478.56M. The forecast indicates a 18.69% rise compared to NOV last annual SG&A of $336.00M (Dec 23).

NOV EPS Forecast

Sep 29Jun 29Mar 29Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22
# Analysts98765556666661211109813149749191898811
EPS-----------------------$1.52$0.29$0.39$0.32$0.27$0.08$0.18
Avg Forecast$0.56$0.54$0.50$0.53$0.52$0.50$0.46$0.47$0.47$0.46$0.40$0.48$0.43$0.40$0.34$0.41$0.37$0.35$0.29$0.36$0.35$0.35$0.27$0.41$0.35$0.29$0.22$0.23$0.17$0.04
High Forecast$0.58$0.56$0.53$0.55$0.54$0.52$0.48$0.49$0.49$0.47$0.42$0.49$0.45$0.42$0.36$0.43$0.39$0.36$0.37$0.42$0.36$0.35$0.27$0.44$0.48$0.31$0.23$0.25$0.17$0.04
Low Forecast$0.54$0.52$0.49$0.51$0.51$0.48$0.45$0.46$0.46$0.44$0.39$0.46$0.42$0.39$0.33$0.40$0.36$0.34$0.26$0.31$0.34$0.35$0.27$0.38$0.29$0.28$0.21$0.22$0.17$0.04
Surprise %-----------------------3.68%0.83%1.33%1.45%1.18%0.48%4.26%

According to 4 Wall Street analysts, NOV's projected average Quarter EPS for Mar 24 is $0.27, with a low estimate of $0.27 and a high estimate of $0.27. This represents a -82.26% decrease compared to NOV previous annual EPS of $1.52 (Dec 23).

NOV Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
WFRDWeatherford$65.74$114.5074.17%Buy
HLXHelix Energy Solutions Group$8.19$14.0070.94%Buy
OISOil States$5.23$7.5043.40%Hold
HALHalliburton$26.37$37.5042.21%Buy
NOVNOV$14.40$20.0038.89%Buy
SLBSchlumberger$40.94$56.2537.40%Buy
CHXChampionX$29.09$38.3331.76%Buy
FTITechnipFMC$30.18$35.5717.86%Buy
RESRPC$6.42$7.009.03%Hold
MRCMRC Global$14.86$16.007.67%Buy
OIIOceaneering$25.27$26.002.89%Hold
WHDCactus$61.66$54.00-12.42%Hold
RNGRRanger Energy Services$17.19$13.00-24.37%Hold

NOV Forecast FAQ

Is NOV a good buy?

Yes, according to 10 Wall Street analysts, NOV (NOV) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 5 'Buy' recommendations, accounting for 50.00% of NOV's total ratings.

What is NOV's price target?

NOV (NOV) average price target is $20 with a range of $12 to $25, implying a 38.89% from its last price of $14.4. The data is based on 10 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will NOV stock go up soon?

According to Wall Street analysts' prediction for NOV stock, the company can go up by 38.89% (from the last price of $14.4 to the average price target of $20), up by 73.61% based on the highest stock price target, and down by -16.67% based on the lowest stock price target.

Can NOV stock reach $20?

NOV's highest twelve months analyst stock price target of $25 supports the claim that NOV can reach $20 in the near future.

What are NOV's analysts' financial forecasts?

NOV's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $9.47B (high $9.77B, low $9.24B), average EBITDA is $-1.596B (high $-1.557B, low $-1.646B), average net income is $712.13M (high $741.39M, low $689.59M), average SG&A $1.44B (high $1.49B, low $1.41B), and average EPS is $1.8 (high $1.88, low $1.75). NOV's analysts financial forecasts for the fiscal year (Dec 2028) are as follows: average revenue is $9.84B (high $10.15B, low $9.6B), average EBITDA is $-1.658B (high $-1.618B, low $-1.711B), average net income is $796.83M (high $829.57M, low $771.62M), average SG&A $1.5B (high $1.55B, low $1.46B), and average EPS is $2.02 (high $2.1, low $1.95).

Did the NOV's actual financial results beat the analysts' financial forecasts?

Based on NOV's last annual report (Dec 2023), the company's revenue was $8.58B, beating the average analysts forecast of $8.42B by 1.91%. Apple's EBITDA was $651M, missing the average prediction of $-1.001B by -165.06%. The company's net income was $993M, beating the average estimation of $339.87M by 192.17%. Apple's SG&A was $1.18B, missing the average forecast of $1.35B by -12.30%. Lastly, the company's EPS was $2.53, beating the average prediction of $1.28 by 98.14%. In terms of the last quarterly report (Dec 2023), NOV's revenue was $2.34B, beating the average analysts' forecast of $2.26B by 3.61%. The company's EBITDA was $161M, missing the average prediction of $-381M by -142.25%. NOV's net income was $598M, beating the average estimation of $163.36M by 266.05%. The company's SG&A was $336M, missing the average forecast of $344.88M by -2.58%. Lastly, the company's EPS was $1.52, beating the average prediction of $0.414 by 267.52%