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NYSE: NOV
Nov Inc Stock Forecast, Predictions & Price Target

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Analyst price target for NOV

Based on 4 analysts offering 12 month price targets for Nov Inc.
Min Forecast
$16.00+5.4%
Avg Forecast
$18.25+20.22%
Max Forecast
$22.00+44.93%

Should I buy or sell NOV stock?

Based on 7 analysts offering ratings for Nov Inc.
Sell
Strong Buy
0 analysts 0%
Buy
0 analysts 0%
Hold
5 analysts 71.43%
Sell
0 analysts 0%
Strong Sell
2 analysts 28.57%

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NOV stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Benchmark
Top 18%
83
HoldInitiates Coverage OnN/AN/A2022-08-25
Morgan Stanley
Bottom 2%
2
HoldMaintains$19.00+25.16%2022-07-29
Bank of America
Bottom 1%
1
HoldUpgradesN/AN/A2022-07-29
Goldman Sachs
Top 7%
94
Strong SellMaintains$16.00+5.40%2022-07-13
Barclays
Bottom 2%
2
HoldMaintains$22.00+44.93%2022-06-08
Anonymous
Barclays
HoldMaintains$20.00+31.75%2022-05-02
Wells Fargo
Top 6%
95
Strong SellMaintains$16.00+5.40%2022-03-31
JP Morgan
Top 13%
88
HoldDowngradesN/AN/A2022-02-07

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Forecast return on equity

Is NOV forecast to generate an efficient return?
Company
11.44%
Industry
28.82%
Market
118.57%
NOV's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is NOV forecast to generate an efficient return on assets?
Company
5.79%
Industry
10.99%
NOV is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

NOV earnings per share forecast

What is NOV's earnings per share in the next 3 years based on estimates from 9 analysts?
Avg 1 year Forecast
$0.52
Avg 2 year Forecast
$1.00
Avg 3 year Forecast
$1.41

NOV revenue forecast

What is NOV's revenue in the next 3 years based on estimates from 7 analysts?
Avg 1 year Forecast
$7.0B+13.97%
Avg 2 year Forecast
$8.1B+31.3%
Avg 3 year Forecast
$8.7B+42.14%
NOV's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

NOV revenue growth forecast

How is NOV forecast to perform vs Oil & Gas Equipment & Services companies and vs the US market?
Company
12.98%
Industry
10.53%
Market
8.46%
NOV's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
NOV's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

NOV vs Oil & Gas Equipment & Service Stocks

TickerPricePrice TargetUp/downsideConsensus
NOV$15.18$18.25+20.22%Sell
CHX$18.99$28.60+50.61%Strong Buy
FTI$8.35$10.63+27.35%Strong Buy
VAL$47.39$66.00+39.27%Strong Buy
WHD$35.99$53.00+47.26%Buy

Nov Stock Forecast FAQ

Is Nov Stock a good buy in 2022, according to Wall Street analysts?

The consensus among 7 Wall Street analysts covering (NYSE: NOV) stock is to Sell NOV stock.

Out of 7 analysts, 0 (0%) are recommending NOV as a Strong Buy, 0 (0%) are recommending NOV as a Buy, 5 (71.43%) are recommending NOV as a Hold, 0 (0%) are recommending NOV as a Sell, and 2 (28.57%) are recommending NOV as a Strong Sell.

If you're new to stock investing, here's how to buy Nov stock.

What is NOV's earnings growth forecast for 2022-2024?

(NYSE: NOV) Nov's forecast annual earnings growth rate of N/A is not forecast to beat the US Oil & Gas Equipment & Services industry's average forecast earnings growth rate of 17.49%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 16.42%.

Nov's earnings in 2022 is -$90,000,000.On average, 9 Wall Street analysts forecast NOV's earnings for 2022 to be $204,256,923, with the lowest NOV earnings forecast at $125,696,568, and the highest NOV earnings forecast at $259,249,172. On average, 9 Wall Street analysts forecast NOV's earnings for 2023 to be $392,801,775, with the lowest NOV earnings forecast at $271,033,225, and the highest NOV earnings forecast at $510,642,308.

In 2024, NOV is forecast to generate $553,850,503 in earnings, with the lowest earnings forecast at $455,650,059 and the highest earnings forecast at $683,475,089.

What is NOV's revenue growth forecast for 2022-2024?

(NYSE: NOV) Nov's forecast annual revenue growth rate of 12.98% is forecast to beat the US Oil & Gas Equipment & Services industry's average forecast revenue growth rate of 10.53%, and and it is also forecast to beat the US market's average forecast revenue growth rate of 8.46%.

Nov's revenue in 2022 is $6,133,000,000.On average, 7 Wall Street analysts forecast NOV's revenue for 2022 to be $2,745,663,588,756, with the lowest NOV revenue forecast at $2,707,944,012,708, and the highest NOV revenue forecast at $2,761,396,478,250. On average, 7 Wall Street analysts forecast NOV's revenue for 2023 to be $3,163,004,869,046, with the lowest NOV revenue forecast at $2,995,274,583,103, and the highest NOV revenue forecast at $3,284,608,442,550.

In 2024, NOV is forecast to generate $3,424,228,262,267 in revenue, with the lowest revenue forecast at $3,249,837,629,427 and the highest revenue forecast at $3,590,208,223,500.

What is NOV's forecast return on assets (ROA) for 2022-2025?

(NYSE: NOV) forecast ROA is 5.79%, which is lower than the forecast US Oil & Gas Equipment & Services industry average of 10.99%.

What is NOV's Price Target?

According to 4 Wall Street analysts that have issued a 1 year NOV price target, the average NOV price target is $18.25, with the highest NOV stock price forecast at $22.00 and the lowest NOV stock price forecast at $16.00.

On average, Wall Street analysts predict that Nov's share price could reach $18.25 by Aug 25, 2023. The average Nov stock price prediction forecasts a potential upside of 20.22% from the current NOV share price of $15.18.

What is NOV's Earnings Per Share (EPS) forecast for 2022-2024?

(NYSE: NOV) Nov's current Earnings Per Share (EPS) is -$0.24. On average, analysts forecast that NOV's EPS will be $0.52 for 2022, with the lowest EPS forecast at $0.32, and the highest EPS forecast at $0.66. On average, analysts forecast that NOV's EPS will be $1.00 for 2023, with the lowest EPS forecast at $0.69, and the highest EPS forecast at $1.30. In 2024, NOV's EPS is forecast to hit $1.41 (min: $1.16, max: $1.74).

What is NOV's forecast return on equity (ROE) for 2022-2025?

(NYSE: NOV) forecast ROE is 11.44%, which is considered weak.
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