Added to YB: 2024-11-06
Pitch date: 2024-09-30
NOV [bullish]
NOV Inc.
+6.7%
current return
Author Info
No bio for this author
Company Info
NOV Inc. designs, constructs, manufactures, and sells systems, components, and products for oil and gas drilling and production, and industrial and renewable energy sectors in the United States and internationally.
Market Cap
$4.6B
Pitch Price
$15.22
Price Target
N/A
Dividend
2.51%
EV/EBITDA
3.80
P/E
7.48
EV/Sales
0.65
Sector
Energy Equipment and Services
Category
value
Ariel Investments Appreciation Fund Portfolio Holding: NOV Inc.
NOV: Solid Q earnings beat w/ rising offshore/int'l demand, strong backlog conversion, cost control & FCF. Soft NA oil outlook led to lower guidance, but 50% div hike & $1B buyback. Market undervalues long-term potential as co. right-sizes onshore & grows efficient offshore biz.
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