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NOV Inc. (NOV)

NYSE - Nasdaq Real Time Price. Currency in USD
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18.50+0.07 (+0.41%)
As of 03:16PM EDT. Market open.

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  • j
    james
    Backlog is growing-market condition pricing and rebate need in April. Client inventories are depleted and demand is shifting as the active rig count increases. I thought we would be at $36 per share by now. Disclosure, my cost basis is $12.
  • C
    Chris
    Amazing this financially sound company has built its backlog for 5 straight quarters in a developing drilling boom and its stock is still under 16 bucks! So now EPS jumps into the black too, so will THAT register with investors?
  • A
    Anonymous
    “In North America, I expect Halliburton to uniquely maximize value in this strong, steadily growing, and all but sold-out market,” he said. “Pricing gains across all product service lines supported significant sequential margin expansion in the second quarter.” Halliburton kicked off quarterly earnings season for the sector, with larger rivals Baker Hughes Co. and Schlumberger scheduled to disclose results later this week.
  • W
    Will
    Amazing to me that this stock can’t seem to break above $18
  • A
    Anonymous
    Schlumberger Ltd. shares SLB, -1.49% jumped 2.7% in premarket trade Friday, after the French oil major posted stronger-than-expected earnings for the second quarter amid high oil prices and raised its full-year guidance. Hopefully it’s a sign for NOV. If this management can’t make money in this environment, they need to go!
  • A
    Anonymous
    Speaking ahead of ExxonMobil's unveiling as the fourth international partner for Qatar's natural gas expansion, chairman and chief executive Darren Woods said major uncertainty lies ahead.

    "You are probably looking at three to five years of continued fairly tight markets," Woods told the Qatar Economic Forum. "How that manifests itself in price will obviously be a big function of demand, which is difficult to predict."
  • c
    chris
    I could run this company better. If u can’t make a profit in this market u need to go! Replace ceo!
  • A
    Anonymous
    Schlumberger hits the 52 week high today. Halliburton is within striking distance. NOV needs to stop with the excuses and turn a profit, otherwise removed the CEO.
  • C
    Carl
    It's going to hit $24 again soon.
  • j
    james
    Seemed very confident on my prior post but is nearly June and the stock is stagnant. I am still bullish but appears my time frame was poor. I will buy more on the dip but if it hits 16.
  • N
    Nicholas
    (Bloomberg) -- Gasoline demand surged to a a record high as Americans took to the road for the July 4th holiday weekend.
    Gasoline supplied, a proxy for demand, rose to 10 million barrels a day the week ended July 2, the highest in data going back to 1990, according to the Energy Information Administration.
    Demand has regained its footing as vaccinations and easing economic restrictions propel more Americans to resume their pre-pandemic lifestyles. Oil prices have risen almost 50% this year as U.S. refineries run close to full-bore to keep up with fuel demand. While the U.S. recovery quickens, the world’s largest oil producers can’t agree on how to supply the market with Saudi Arabia advocating for tempered supply increases given the potential headwinds that still exist.
    “Demand is bucking with the price spikes and summer driving, but with high gas prices and inflation, the picture in September may look different,” said Trisha Curtis, co-founder of PetroNerds.
    The moving average for demand also climbed higher, reaching the most since late 2019. But on a seasonal basis the figure was still about 150,000 barrels a day short of July 2019, suggesting the market still has some room to recover.
    U.S. motorists hit the road in large numbers despite contending with the highest gasoline prices since 2014. The average pump price Thursday was $3.14 a gallon, according to auto club AAA.
    © 2021 Bloomberg L.P.

    $CLR $RIG $OXY $COP $VLO $HFC $NOV $HP $RES $MUR $XOM $CVX $BP $KMI $MRO $DVN $PXD $HAL $BKR $SLB $MPC
  • S
    Sandor Clegane
    Strong sequential growth, adjusted EBITDA of $0.27/share, strong balance sheet and cash position, improving outlook and orders. What’s not to like when the stock is pretty much at the same price it was at the beginning of the year? Strong Buy! Still NOV is my top energy stock pick with the highest upside potential for the next 12 months!
  • S
    Sandor Clegane
    So NOV closed 2021 down about 2%, in a year when crude oil was up by 55% and the average oil stock was up about 30% in my estimate. Since I believe NOV is not doing materially worse than its peers in the oil services business and with the reinstatement of dividend management indicated that things are looking up, NOV has at least another 30% just to catch up with its peers such as HAL and SLB, which would put the stock at $18-$20. If we get a big rally in oil stocks this year (in case oil prices go to triple digits), NOV can even go back to mid 20's, which was its pre-covid price.
  • b
    bob
    Management change needed urgently! I have spent years analyzing companies and can tell you with certainty that NOV's cost structure is way out of whack. the stock is at a multi-year low yet management shows no urgency to implement the hard changes that need to be taken. The board of directors needs to do its job and fire top management and replace them with guys who are filled with bs! Urgency needs to be shown yesterday, yet we keep getting a bunch of nothing! If the board of directors cannot act quickly on this, then we need to replace the board of directors. It's that simple. this used to be a viable company, but not anymore. With facility consolidation and a 20% headcount reduction, we can bring the cost structure back in line and return this company to meaningful profitability. I understand that the market is a bit soft for their products right now but that notwithstanding, this company should be consistently profitable. Management is getting fat and happy on our dime. Time to throw them out!
  • N
    Nicholas
    Long term bullish here , however, why do I have a feeling all the stock market lemmings are ready to bail on this stock so it dips below $10 between now and the end of the year??? Lord knows none of the schmucks on here seem to have the patience to ride out an oilfield downturn
  • b
    bob
    the stock is at a decade low and yet Clay Williams got paid $13.8 million last year. anyone have a problem with that? punch up a long term chart and see if you can come to grips with the shareholder destruction that has occurred while this management team has been at the helm.
  • S
    Sandor Clegane
    How many companies do you know that amidst the worst slump in the industry's history, not only are not issuing debt / using additional financing, but actually using their massive cash flow to buy back their bonds? I think NOV's conservative approach to dividend payment and focus on improving the balance sheet is going to pay off big time one the industry recovers. Definitely one of my top picks - easily a triple from here ($8) when cv is history and the oil industry recovers.
  • S
    Sandor Clegane
    I sold a quarter of my position at $17.7 - even though I do believe we will see $20+ before the end of the year. Just being cautious. Oil services stocks are now overbought - we were at $13 less than a month ago. If you are a long term investors you shouldn't care.
  • S
    Sandor Clegane
    On December 31 2020 NOV closed at $13.73. Oil was around $47. Today oil prices have increased by 50%, capex spendings are ramping up, NOV indicated that they see meaningful better results during the second half, yet the stock is at $13.57 as of today. Does it make sense? No - in the short term the market can be irrational. However, NOV will catch up at some point and move to $20+ where it belongs. You can't hold this stock down forever - it has a solid balance sheet and I predict it will resume paying dividend early next year, which will take the stock to mid 20's.
  • S
    Sandor Clegane
    Those who are selling didn't bother to read: "The combination of $60+ oil, the continued recovery in the North American rig count, improvements in international activity, and the emergence of a number of our offshore drilling customers from bankruptcy is expected to lead to meaningfully better results in the second half of the year."