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National Oilwell Varco, Inc. (NOV)

NYSE - Nasdaq Real-time price. Currency in USD
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11.84-0.08 (-0.67%)
As of 02:57PM EST. Market open.
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  • S
    Sandor Clegane
    NOV is the only oil services stock that still trades at half of its pre-covid levels, down 13% ytd and is at the same levels it was when oil was at $35-$40. With the reinstatement of dividend, management signals that it is confident about the future and improving business. At $12, you have a potential for at least 50% return by next year and potentially double. It's a great relative value trade, especially if you consider that we're in for at least another year or two of a bull market in energy, as a result of under-investment in previous years.
  • j
    james
    Not regretting the decision. It is a great company it what May be a dying industry. At these levels the stock seems super cheap to me. Spare parts and services alone could keep them profitable if they rightsize in the next year.
  • M
    Mean Reversion
    I am a buyer between $11-$13. Undervalued, dividend reinstated, management confident in their ability to generate cash flow.
  • j
    james
    Just bought 800 shares at 12. I have been wrong before but I believe that the dividend was reinstated so that hedge fund managers can check a box and start to acquire. The state of Texas can’t keep my lights on and the fan for my heater running at 17 degrees F. How is that same lame infrastructure gong to efficiently charge electric cars? NOV is an acron for no other vendor in Drilling-not sure of the timing but NOV will right size and be profitable in 2022.
  • S
    Sandor Clegane
    Surprise! NOV reinstates dividend of $0.05/share/qtr.
  • V
    VAN
    I'm new here. But paying out a dividend with surplus capital? They have never been in profit for the last few years and quarters, explain this.
  • S
    Sandor Clegane
    Finally someone realized that reinstatement of dividend is actually *good news*..
  • S
    Sandor Clegane
    Extremely oversold. At this price ($12) NOV now has a higher dividend yield than SLB and HAL.... buy!
  • i
    iscius
    i suspect if I looked at their actual books you would find they have cash and would have profits but have been sandbagging it.
  • S
    Sandor Clegane
    HAL has a lower dividend and is trading $10 higher. So yes, buy NOV at these levels ($12.5), if only for the relative value play. Don't mind the manipulating mm's: they play these games, they took NOV up to $15.5 on a bad earnings miss and now they are taking it down on what is unquestionably great news.
  • S
    Sandor Clegane
    Bad news is good news and good news is bad news. That's how those manipulating mm's are playing the game these days.
  • S
    Sandor Clegane
    Ahead of earnings - I believe now the odds of div reinstatement this quarter to be low - even though that would be a nice surprise. On the other hands, earnings should indicate continued recovery and growing pent up demand for products/services. With oil in the 80's, I will be buying more on any dip. NOV is trailing all its peers by a large margin, so a good earnings report will take it to $20 in the next couple of weeks.
  • J
    Jerome
    I don't know how they can pay a divy without profits, but I'll take it.
  • S
    Sandor Clegane
    I took them at their word, when they said not long ago "we expect meaningfully better results in the second half of the year". Yet they did even worse than 3rd quarter last year! Given the results, I don't expect dividend reinstatement until the second half of next year, if that. Hard to believe that only 3 short years ago this stock was in the 40's.
  • S
    Sandor Clegane
    I sold yesterday most of my NOV shares and sold 15 covered calls on the rest. The fact that after a full year of recovery in the oil services business, NOV managed to post worst results than same quarter last year, says a lot. And it was no doubt terrible. In fact, they should have published an earnings warning. As I consider the reinstatement of dividend in the foreseeable future to be remote (and even if they do, it's going to be at most $0.05/qtr), I view the buy level to be around $12, which is where I'll consider buying again. Sorry guys, I hope those who stay long with a lot of patience eventually get rewarded, but for me, that was the last straw.
  • J
    Jerome
    What are the chances NOV is a buyout target?
  • S
    Sandor Clegane
    I guess they'll have to post even bigger losses if we want this stock in the 20's...
  • S
    Sandor Clegane
    Disappointing. On the other hand, the stock is pretty much unchanged ytd, so you can say much of it is reflected already in the stock price, which lagged the industry by a wide margin. Still, 2022 should be a strong year, finally. The book to bill ratio is a good forward indicator.
  • T
    Tom
    I am fairly certain in years past NOV made most of their profits from offshore rigs. Offshore has not come back yet for it is expensive compared to onshore production, hence the poor earnings report. Having said that offshore will come back if oil prices stay high. I am optimistic about NOV's stock price rebound starting the 2nd half of 2022. I am buyer on any dip.
  • J
    Joey
    What is it going to take to push this stock up? I mean seriously, oil is high? WTH!!