For its third fiscal quarter (ending September 30), NOV Inc (NYSE: NOV) has reported a 14% increase in E.P.S. from $0.29 a year ago to $0.33 in the current quarter. E.P.S. were $2.73 for the latest four quarters through September 30 versus $1.28 for the same period a year ago — an increase of 113%.
Recent Price Action
On 10/24/24, NOV Inc (NYSE: NOV) stock declined slightly by -0.1%, closing at $15.26. This decline was accompanied by normal trading volume. The stock has been weak relative to the market over the last nine months and has declined -2.8% during the last week.
Current PriceTarget Research Rating
NOV’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
NOV has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. NOV has a good Appreciation Score of 74 but a neutral Power Rating of 41, leading to the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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