NOV Inc (NYSE: NOV) has reported E.P.S. of $0.30 for its first fiscal quarter (ending March 31) versus $0.32 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $2.50 compared to $0.85 a year ago.
Recent Price Action
NOV Inc (NYSE: NOV) stock closed at $18.95 on 4/25/24 after a modest gain of 0.6%. Trading volume in this advance was normal. The stock has risen 2.6% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
NOV is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
NOV has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. NOV has a neutral Appreciation Score of 59 but a poor Power Rating of 28, triggering the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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