Where Does NOV Inc. (NOV) Rank When It Comes To Price-To-Earnings Ratio?

NOV Inc. (NYSE:NOV) finished Wednesday with a subtraction of -$0.13 to close at $14.42, a downside of -0.89 percent. An average of 3,180,380 shares of common stock have been traded in the last five days. There was a gain of $0.71 in the past week. The last 20 days have seen an average of 8,698,495 shares traded, while the 50-day average volume stands at 6,085,844.

NOV stock has increased by 6.58% in the last month. The company shares reached their 1-month lowest point of $12.25 on 09/23/21. With the stock rallying to its 52-week high on 05/18/21, shares of the company touched a low of $7.70 and a high of $18.02 in 52 weeks. In spite of this, the price is down -19.98% from the 52-week high.

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Insider Transactions

233 days have passed since NOV Inc. (NOV) last reported insider trading activity. Duff Scott K., who is VP Cntrlr Chf Acctg Offcr, most recently acquired $10,000 shares at $14.81 per share on Feb 23.

Valuation Metrics

NOV Inc. (NOV) has a trailing price-to-earnings (P/E) ratio of 18.90 for the broader industry and 19.70 for the sector. The stock’s beta is 2.25. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.01, the price-to-book (PB) ratio at 1.09, and the price-to-cash flow ratio at 11.81.

The company’s most recent quarterly dividend payment was $0.05 a share, without any change from last year.

The quick ratio of NOV Inc. for the three months ended June 29 was 2.00, and the current ratio was 2.70, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.37 and a total debt to equity ratio of 0.38 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 8.60% against a 5-year average of 9.0%. NOV Inc.’s EBITDA margin for the year ending June 29 is -3.18%, while its operating margin for the same period stands at -8.40%. Its gross profit as reported stood at $434.0 million compared to revenue of $6.09 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, NOV Inc.’s return on assets was -5.50%, compared to -14.1% over the last five years. In the past year, the return on investment has been -33.80%, and the 5-year average is -17.0%. Meanwhile, the return on equity (ROE) for the past 12 months has been -10.40% and the 5-year average holds at -22.7%. For the broader industry, ROE averaged 12.45 over the past year.

Earnings Surprise

In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $1.42 billion in the quarter, while revenues of $1.25 billion were shrunk -5.58%. The analyst consensus anticipated NOV Inc.’s latest quarter earnings to come in at -$0.13 per share, but it turned out to be -$0.03, a 76.90% surprise. For the quarter, EBITDA amounted to $89.0 million. Shareholders own equity worth $390.7 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at NOV Inc. (NOV) price momentum. RSI 9-day as of the close on 13 October was 63.21%, suggesting the stock is Neutral, with historical volatility in this time frame at 35.38%.

As of today, NOV’s price is $14.44 +5.18% or $0.71 from its 5-day moving average. NOV is currently trading +3.59% higher than its 20-day SMA and -10.82% lower than its 100-day SMA. However, the stock’s current price level is +5.18% above the SMA50 and +6.34% above the SMA200.

The stochastic %K and %D were 76.83% and 83.76%, respectively, and the average true range (ATR) was 0.52. With the 14-day stochastic at 70.89% and the average true range at 0.54, the RSI (14) stands at 60.23%. The stock has reached 0.36 on the 9-day MACD Oscillator while the 14-day reading was at 0.67.

Analyst Ratings

The consensus rating for NOV Inc. (NOV) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell NOV, while 12 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 11 others rate it as a “buy”.

What is NOV’s price target for the next 12 months?

Analysts predict a range of price targets between $12.00 and $22.00, with a median target of $17.00. Taking a look at these predictions, the average price target given by analysts for NOV Inc. (NOV) stock is $16.87.


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