NOV (NYSE:NOV) Stock Breaks Above Fifty Day Moving Average – What’s Next?

NOV Inc. (NYSE:NOV) shares crossed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $20.03 and traded as high as $20.24. NOV shares last traded at $20.1860, with a volume of 3,441,094 shares traded.

Key NOV News

Here are the key news stories impacting NOV this week:

• Positive Sentiment: Revenue and profitability improved year over year. Third-quarter revenue rose 2% to $2.23 billion, while net income increased to $90 million, or $0.25 per share, compared with $42 million, or $0.11 per share, a year earlier. Adjusted EBITDA climbed 9% to $281 million. NOV Reports Third Quarter 2026 Earnings
• Positive Sentiment: Results exceeded some estimates. NOV’s earnings matched the broader consensus at $0.25 per share and topped the Zacks estimate of $0.24, while revenue exceeded expectations of approximately $2.20 billion. NOV Inc. Q3 Earnings and Revenues Top Estimates
• Positive Sentiment: Energy Products and Services showed momentum. Segment revenue increased 9% year over year, supported by higher manufacturing throughput and a growing backlog. NOV also returned $47 million to shareholders through dividends and share repurchases.
• Neutral Sentiment: Backlog supports longer-term demand. Capital-equipment backlog stood at $3.98 billion, with orders including offshore mooring systems, drillship upgrades, electrification projects, pipeline infrastructure and offshore wind equipment.
• Negative Sentiment: Fourth-quarter guidance was cautious. Management expects revenue to be roughly flat year over year and adjusted EBITDA between $260 million and $300 million. It also expects Middle East activity to moderate as customers adjust drilling programs amid geopolitical uncertainty.
• Negative Sentiment: Order intake lagged shipments. Bookings totaled $577 million, producing a 91% book-to-bill ratio, which may signal pressure on future revenue if new orders do not accelerate. Third-quarter adjusted EBITDA also declined slightly sequentially.
• Negative Sentiment: Cash flow and restructuring weighed on the report. NOV generated $41 million of operating cash flow but reported negative free cash flow of $47 million after capital expenditures, alongside $28 million of restructuring-related items and $18 million of fixed-asset write-downs.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on NOV shares. TD Cowen boosted their price target on shares of NOV from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Zacks Research lowered shares of NOV from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 26th. Morgan Stanley set a $21.00 price objective on shares of NOV in a research report on Wednesday, July 15th. Susquehanna lifted their target price on shares of NOV from $22.00 to $24.00 and gave the stock a “positive” rating in a research note on Thursday, July 30th. Finally, Barclays lowered their target price on shares of NOV from $21.00 to $20.00 and set an “underweight” rating for the company in a research note on Friday, July 31st. Four equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, NOV presently has an average rating of “Hold” and a consensus price target of $21.58.

NOV Price Performance

The stock has a market cap of $6.87 billion, a PE ratio of 74.17 and a beta of 0.97. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.61 and a current ratio of 2.42. The business has a 50 day moving average price of $19.97 and a two-hundred day moving average price of $19.62.

NOV (NYSE:NOV) last issued its quarterly earnings results on Wednesday, October 28th. The oil and gas exploration company reported $0.25 EPS for the quarter, meeting analysts’ consensus estimates of $0.25. The company had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.20 billion. NOV had a return on equity of 3.44% and a net margin of 1.10%. NOV’s revenue was up 2.3% on a year-over-year basis. During the same period last year, the business posted $0.11 earnings per share. Research analysts expect that NOV Inc. will post 0.99 earnings per share for the current fiscal year.

NOV Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 11th were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Friday, September 11th. NOV’s payout ratio is presently 138.46%.

Insider Activity at NOV

In related news, Director David Harrison sold 9,594 shares of the business’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $19.21, for a total value of $184,300.74. Following the transaction, the director directly owned 126,763 shares of the company’s stock, valued at approximately $2,435,117.23. The trade was a 7.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.15% of the stock is owned by insiders.

Hedge Funds Weigh In On NOV

Institutional investors have recently added to or reduced their stakes in the stock. Parkside Financial Bank & Trust raised its position in NOV by 133.6% in the second quarter. Parkside Financial Bank & Trust now owns 1,411 shares of the oil and gas exploration company’s stock worth $26,000 after acquiring an additional 807 shares during the period. Reyes Financial Architecture Inc. bought a new position in shares of NOV during the 3rd quarter valued at approximately $31,000. IFP Advisors Inc grew its position in shares of NOV by 198.6% during the 2nd quarter. IFP Advisors Inc now owns 1,699 shares of the oil and gas exploration company’s stock valued at $32,000 after acquiring an additional 1,130 shares during the period. Root Financial Partners LLC increased its stake in shares of NOV by 39.9% during the 1st quarter. Root Financial Partners LLC now owns 1,937 shares of the oil and gas exploration company’s stock worth $36,000 after purchasing an additional 552 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of NOV during the 2nd quarter worth approximately $37,000. Institutional investors own 93.27% of the company’s stock.

NOV Company Profile

NOV Inc (NYSE: NOV) is a Houston-based technology and equipment provider serving the global energy industry. The company develops and manufactures products and systems used in oil and natural gas drilling, well construction, completion and production operations.

Its offerings include land and offshore drilling rigs, rig equipment and components, downhole tools, drill pipe, wellbore technologies, pressure-control systems, and equipment used to enhance production. NOV also provides aftermarket parts, technical support, maintenance and other services designed to help energy companies operate and maintain their equipment.

The company was formed in 2005 through the merger of National Oilwell and Varco International, building on businesses with much longer histories in the oilfield equipment industry.