NOV (NOV) Stock Forecast, Price Target & Predictions
NOV Stock Forecast
NOV stock forecast is as follows: an average price target of $20.67 (represents a 24.44% upside from NOV’s last price of $16.61) and a rating consensus of 'Buy', based on 9 wall street analysts offering a 1-year stock forecast.
NOV Price Target
The average price target for NOV (NOV) is $20.67 based on 1-year price targets from 9 Wall Street analysts in the past 3 months, with a price target range of $29.00 to $12.00. This represents a potential 24.44% upside from NOV's last price of $16.61.
NOV Analyst Ratings
According to 9 Wall Street analysts, NOV's rating consensus is 'Buy'. The analyst rating breakdown for NOV stock is 0 'Strong Buy' (0.00%), 5 'Buy' (55.56%), 2 'Hold' (22.22%), 2 'Sell' (22.22%), and 0 'Strong Sell' (0.00%).
NOV Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 11, 2024 | Stephen Gengaro | Stifel Nicolaus | - | - | 53.85% | 50.51% |
| Oct 10, 2024 | Phillip Jungwirth | BMO Capital | - | - | 25.55% | 20.41% |
| Sep 16, 2024 | Daniel Kutz | Morgan Stanley | - | - | 45.02% | 38.47% |
| Jul 30, 2024 | David Anderson | Barclays | - | - | 0.96% | 20.41% |
| Feb 08, 2023 | Susquehanna | - | - | 24.44% | 74.59% | |
| Jul 29, 2022 | Morgan Stanley | - | - | 8.39% | 14.39% | |
| Jul 13, 2022 | Morgan Stanley | - | - | 22.24% | 8.37% | |
| Jul 13, 2022 | Goldman Sachs | - | - | 7.53% | -3.67% | |
| Jun 08, 2022 | Barclays | - | - | 2.56% | 32.45% | |
| May 02, 2022 | Barclays | - | - | 7.07% | 20.41% |
The latest NOV stock forecast, released on Oct 11, 2024 by Stephen Gengaro from Stifel Nicolaus, set a price target of $25.00, which represents a 53.85% increase from the stock price at the time of the forecast ($16.25), and a 50.51% increase from NOV last price ($16.61).
NOV Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 3 | 4 |
| Avg Price Target | - | $22.67 | $22.00 |
| Last Closing Price | $16.61 | $16.61 | $16.61 |
| Upside/Downside | -100.00% | 36.48% | 32.45% |
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 $16.61. 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
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 28, 2024 | Susquehanna | Positive | Positive | Hold |
| Oct 28, 2024 | Cowen & Co. | Buy | Buy | Hold |
| Oct 10, 2024 | Wells Fargo | Market Perform | Market Perform | Hold |
| Oct 10, 2024 | RBC Capital | Underperform | Underperform | Hold |
| Oct 10, 2024 | BMO Capital | Market Perform | Market Perform | Hold |
| Sep 24, 2024 | Wells Fargo | Underweight | Downgrade | |
| Sep 16, 2024 | Piper Sandler | Underperform | Underperform | Hold |
| Sep 16, 2024 | RBC Capital | Sector Perform | Sector Perform | Hold |
| Sep 16, 2024 | Morgan Stanley | Overweight | Overweight | Hold |
| Jul 30, 2024 | Barclays | Underweight | Underweight | Hold |
NOV's last stock rating was published by Susquehanna on Oct 28, 2024. The company gave NOV a "Positive" rating, the same as its previous rate.
NOV Financial Forecast
NOV Revenue Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $2.34B | $2.19B | $2.09B | $1.96B | $2.07B | $1.89B | $1.73B | $1.55B | $1.52B | $1.34B |
| Avg Forecast | $2.48B | $2.47B | $2.45B | $2.43B | $2.41B | $2.39B | $2.38B | $2.36B | $2.49B | $2.39B | $2.31B | $2.21B | $2.37B | $2.28B | $2.23B | $2.15B | $2.27B | $2.22B | $2.19B | $2.11B | $2.26B | $2.13B | $2.07B | $1.96B | $1.96B | $1.82B | $1.64B | $1.53B | $1.46B | $1.42B |
| High Forecast | $2.61B | $2.59B | $2.57B | $2.55B | $2.53B | $2.52B | $2.50B | $2.48B | $2.61B | $2.52B | $2.43B | $2.33B | $2.49B | $2.39B | $2.34B | $2.32B | $2.28B | $2.23B | $2.19B | $2.11B | $2.29B | $2.15B | $2.18B | $2.06B | $2.06B | $1.82B | $1.64B | $1.53B | $1.46B | $1.42B |
| Low Forecast | $2.42B | $2.40B | $2.38B | $2.36B | $2.34B | $2.33B | $2.31B | $2.29B | $2.42B | $2.33B | $2.25B | $2.15B | $2.30B | $2.21B | $2.17B | $2.09B | $2.23B | $2.21B | $2.19B | $2.11B | $2.25B | $2.04B | $2.01B | $1.91B | $1.90B | $1.82B | $1.64B | $1.53B | $1.46B | $1.42B |
| # Analysts | 4 | 8 | 5 | 4 | 5 | 8 | 5 | 5 | 10 | 7 | 5 | 5 | 8 | 5 | 4 | 11 | 13 | 7 | 7 | 4 | 9 | 19 | 18 | 9 | 8 | 8 | 11 | 15 | 17 | 9 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.04% | 1.03% | 1.01% | 1.00% | 1.06% | 1.04% | 1.06% | 1.01% | 1.04% | 0.94% |
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
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 8 | 5 | 4 | 5 | 8 | 5 | 5 | 10 | 7 | 5 | 5 | 8 | 5 | 4 | 11 | 13 | 7 | 7 | 4 | 9 | 19 | 18 | 9 | 8 | 8 | 11 | 15 | 17 | 9 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $161.00M | $183.00M | $181.00M | $235.00M | $231.00M | $159.00M | $162.00M | $58.00M | $46.00M | $30.00M |
| Avg Forecast | $-418.47M | $-415.39M | $-412.34M | $-409.31M | $-406.30M | $-403.31M | $-400.34M | $-397.40M | $-418.77M | $-403.45M | $-389.42M | $-373.13M | $-399.04M | $-383.40M | $-375.68M | $-362.41M | $-381.95M | $-373.75M | $-368.59M | $96.73M | $-380.97M | $-358.51M | $-348.86M | $87.94M | $33.73M | $52.47M | $47.10M | $94.05M | $42.12M | $41.01M |
| High Forecast | $-406.89M | $-403.90M | $-400.93M | $-397.98M | $-395.05M | $-392.15M | $-389.26M | $-386.40M | $-407.18M | $-392.28M | $-378.64M | $-362.81M | $-388.00M | $-372.79M | $-365.29M | $-352.29M | $-375.13M | $-371.61M | $-368.59M | $116.08M | $-379.28M | $-343.78M | $-339.20M | $105.52M | $40.48M | $52.47M | $47.10M | $112.86M | $42.12M | $41.01M |
| Low Forecast | $-439.84M | $-436.60M | $-433.39M | $-430.20M | $-427.04M | $-423.90M | $-420.78M | $-417.69M | $-440.15M | $-424.05M | $-409.30M | $-392.18M | $-419.42M | $-402.98M | $-394.86M | $-391.06M | $-383.66M | $-375.88M | $-368.59M | $77.38M | $-386.02M | $-361.81M | $-366.67M | $70.35M | $26.99M | $52.47M | $47.10M | $75.24M | $42.12M | $41.01M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -0.42% | -0.51% | -0.52% | 2.67% | 6.85% | 3.03% | 3.44% | 0.62% | 1.09% | 0.73% |
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
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 8 | 5 | 4 | 5 | 8 | 5 | 5 | 10 | 7 | 5 | 5 | 8 | 5 | 4 | 11 | 13 | 7 | 7 | 4 | 9 | 19 | 18 | 9 | 8 | 8 | 11 | 15 | 17 | 9 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $598.00M | $114.00M | $155.00M | $126.00M | $104.00M | $32.00M | $69.00M | $-49.00M | $-43.00M | $-69.00M |
| Avg Forecast | $209.78M | $206.11M | $197.46M | $183.48M | $193.39M | $190.07M | $182.21M | $167.32M | $201.66M | $183.80M | $164.22M | $140.40M | $178.57M | $159.06M | $146.61M | $123.73M | $146.58M | $138.46M | $136.82M | $-84.85M | $163.36M | $137.53M | $116.11M | $-77.14M | $-31.53M | $66.10M | $16.79M | $-82.50M | $-12.33M | $-30.63M |
| High Forecast | $223.71M | $219.79M | $210.57M | $195.66M | $206.23M | $202.69M | $194.31M | $178.43M | $215.05M | $196.00M | $175.12M | $149.72M | $190.43M | $169.62M | $156.34M | $189.47M | $217.90M | $142.50M | $137.29M | $-67.88M | $175.32M | $190.11M | $123.82M | $-61.71M | $-25.23M | $66.10M | $16.79M | $-66.00M | $-12.33M | $-30.63M |
| Low Forecast | $202.24M | $198.70M | $190.36M | $176.88M | $186.44M | $183.24M | $175.66M | $161.30M | $194.40M | $177.19M | $158.31M | $135.35M | $172.15M | $153.34M | $141.33M | $96.67M | $126.78M | $134.41M | $136.35M | $-101.82M | $151.41M | $113.26M | $111.94M | $-92.56M | $-37.84M | $66.10M | $16.79M | $-99.00M | $-12.33M | $-30.63M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 3.66% | 0.83% | 1.33% | -1.63% | -3.30% | 0.48% | 4.11% | 0.59% | 3.49% | 2.25% |
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
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 8 | 5 | 4 | 5 | 8 | 5 | 5 | 10 | 7 | 5 | 5 | 8 | 5 | 4 | 11 | 13 | 7 | 7 | 4 | 9 | 19 | 18 | 9 | 8 | 8 | 11 | 15 | 17 | 9 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $336.00M | $285.00M | $276.00M | $285.00M | $281.00M | $313.00M | $241.00M | $235.00M | $217.00M | $228.00M |
| Avg Forecast | $378.92M | $376.14M | $373.37M | $370.62M | $367.90M | $365.19M | $362.51M | $359.84M | $379.19M | $365.32M | $352.62M | $337.87M | $361.33M | $347.17M | $340.18M | $328.16M | $345.85M | $338.42M | $333.75M | $398.80M | $344.96M | $324.63M | $315.89M | $362.55M | $159.13M | $277.92M | $249.45M | $387.75M | $223.08M | $217.19M |
| High Forecast | $398.27M | $395.34M | $392.43M | $389.55M | $386.68M | $383.84M | $381.01M | $378.21M | $398.55M | $383.97M | $370.62M | $355.12M | $379.78M | $364.89M | $357.55M | $354.10M | $347.40M | $340.36M | $333.75M | $478.56M | $349.54M | $327.61M | $332.02M | $435.06M | $190.96M | $277.92M | $249.45M | $465.30M | $223.08M | $217.19M |
| Low Forecast | $368.44M | $365.73M | $363.04M | $360.37M | $357.72M | $355.09M | $352.47M | $349.88M | $368.70M | $355.21M | $342.86M | $328.52M | $351.33M | $337.56M | $330.76M | $319.00M | $339.68M | $336.49M | $333.75M | $319.04M | $343.44M | $311.29M | $307.15M | $290.04M | $127.31M | $277.92M | $249.45M | $310.20M | $223.08M | $217.19M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.97% | 0.88% | 0.87% | 0.79% | 1.77% | 1.13% | 0.97% | 0.61% | 0.97% | 1.05% |
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
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 8 | 5 | 4 | 5 | 8 | 5 | 5 | 10 | 7 | 5 | 5 | 8 | 5 | 4 | 11 | 13 | 7 | 7 | 4 | 9 | 19 | 18 | 9 | 8 | 8 | 11 | 15 | 17 | 9 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.52 | $0.29 | $0.39 | $0.32 | $0.27 | $0.08 | $0.18 | $-0.13 | $-0.11 | $-0.18 |
| Avg Forecast | $0.53 | $0.52 | $0.50 | $0.46 | $0.49 | $0.48 | $0.46 | $0.42 | $0.51 | $0.47 | $0.42 | $0.36 | $0.45 | $0.40 | $0.37 | $0.31 | $0.37 | $0.35 | $0.35 | $0.27 | $0.41 | $0.35 | $0.29 | $0.22 | $0.23 | $0.17 | $0.04 | $-0.05 | $-0.03 | $-0.08 |
| High Forecast | $0.57 | $0.56 | $0.53 | $0.50 | $0.52 | $0.51 | $0.49 | $0.45 | $0.54 | $0.50 | $0.44 | $0.38 | $0.48 | $0.43 | $0.40 | $0.48 | $0.55 | $0.36 | $0.35 | $0.27 | $0.44 | $0.48 | $0.31 | $0.24 | $0.24 | $0.17 | $0.04 | $-0.05 | $-0.03 | $-0.08 |
| Low Forecast | $0.51 | $0.50 | $0.48 | $0.45 | $0.47 | $0.46 | $0.44 | $0.41 | $0.49 | $0.45 | $0.40 | $0.34 | $0.44 | $0.39 | $0.36 | $0.24 | $0.32 | $0.34 | $0.35 | $0.27 | $0.38 | $0.29 | $0.28 | $0.21 | $0.22 | $0.17 | $0.04 | $-0.05 | $-0.03 | $-0.08 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 3.68% | 0.83% | 1.33% | 1.45% | 1.18% | 0.48% | 4.26% | 2.44% | 3.54% | 2.33% |
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
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| WFRD | Weatherford | - | - | 82.54% | Buy |
| RES | RPC | - | - | 55.52% | Hold |
| SLB | Schlumberger | - | - | 32.44% | Buy |
| OIS | Oil States | - | - | 31.12% | Hold |
| NOV | NOV | - | - | 24.44% | Buy |
| HLX | Helix Energy Solutions Group | - | - | 23.24% | Buy |
| CHX | ChampionX | - | - | 22.70% | Buy |
| HAL | Halliburton Company | - | - | 22.32% | Buy |
| MRC | MRC Global | - | - | 13.80% | Buy |
| FTI | TechnipFMC | - | - | -10.70% | Buy |
| WHD | Cactus | - | - | -21.73% | Hold |
| RNGR | Ranger Energy Services | - | - | -25.73% | Hold |
| OII | Oceaneering | - | - | -30.07% | Buy |