NOV

Nov Inc. (NOV) reported earnings 30 days ago. What's next for the stock?

HOUSTON, Aug. 19, 2026 (GLOBE NEWSWIRE) -- NOV Inc. (NYSE: NOV) announced today that its Board of Directors declared a regular quarterly cash dividend of $0.09 per share of common stock, payable on September 25, 2026 to each stockholder of record on September 11, 2026. About NOV NOV delivers technology-driven solutions to empower the global energy industry.

NOV Inc. has outperformed the energy sector recently, driven by oil price leverage and higher financial beta. I see limited upside for NOV stock due to its premium valuation (23.0x P/E) versus peers and lack of a high-growth digital segment. NOV's deepwater and FPSO exposure is a double-edged sword; potential oil price declines could disproportionately impact its offshore business.

NOV, Oil States International and Natural Gas Services have been highlighted in this Industry Outlook article.

Softer equipment demand and conservative capital spending by upstream players make the outlook for the Zacks Oil and Gas- Mechanical and Equipment industry gloomy. NOV, OIS and NGS are trying to survive industry challenges.

NOV's margin gains and record Energy Equipment profitability offset uneven revenues as backlog trends shape the second-half outlook.

NOV beats Q2 earnings and revenue estimates despite lower sales, as Energy Equipment strength, shareholder returns and upbeat Q3 guidance support momentum.

NOV NYSE: NOV reported second-quarter 2026 revenue of $2.13 billion and net income of $112 million, or $0.31 per diluted share, as operational improvements, favorable project execution and stronger deliveries supported results despite continued disruption in the Middle East.

NOV Inc. (NOV) Q2 2026 Earnings Call Transcript

Nov Inc. (NOV) came out with quarterly earnings of $0.31 per share, beating the Zacks Consensus Estimate of $0.16 per share. This compares to earnings of $0.29 per share a year ago.