National Oilwell Varco Inc. ($NOV) Stock Forecast: Down 3.0% Today

What is National Oilwell Varco Inc.?

NOV (Nov Inc.) is currently experiencing a bearish market trend with a notable decline in its stock value.

Why is National Oilwell Varco Inc. going down?

NOV stock is down 3.0% on Apr 29, 2025 16:00

• NOV's Q1 earnings fell below expectations, with a year-over-year decrease in revenues, likely influencing the negative movement in the stock.
• The company's projected adjusted EBITDA for Q2 2025 is lower than anticipated, indicating possible forthcoming challenges.
• Although cost reductions were expected to improve the company's bottom line, the overall outlook for NOV appears to be affected by the drop in revenue and earnings shortfall, contributing to the bearish market trend.

NOV Price Chart

NOV Technical Analysis

NOV News

NOV's Q1 Earnings Miss Estimates, Revenues Decrease Y/Y

NOV expects revenues to decrease 1% to 4% year over year, with adjusted EBITDA between $250 million and $280 million for the second quarter of 2025.

https://www.zacks.com/stock/news/2457490/novs-q1-earnings-miss-estimates-revenues-decrease-yy

Nov Inc. ( NOV ) Lags Q1 Earnings Estimates

Nov Inc. (NOV) delivered earnings and revenue surprises of -24% and 0.21%, respectively, for the quarter ended March 2025. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2457384/nov-inc-nov-lags-q1-earnings-estimates

Factors You Need to Know Ahead of NOV's Q1 Earnings Release

NOV is anticipated to report lower revenues from the year-ago period's level. However, it is expected to record a higher bottom line thanks to reduced costs.

https://www.zacks.com/stock/news/2453312/factors-you-need-to-know-ahead-of-novs-q1-earnings-release

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National Oilwell Varco Inc. Price History

25.09.2024 - NOV Stock was up 5.3%

• NOV's strong bullish movement today could be attributed to the anticipation of higher revenues in the upcoming Q3 earnings release.
• Despite the expected lower bottom line due to rising costs, investors seem optimistic about the company's growth prospects.
• The positive market movement may also be influenced by the overall bullish sentiment in the oil and gas industry, driven by increasing demand and favorable market conditions.

07.02.2025 - NOV Stock was up 5.1%

• The bullish movement in NOV stock today could be attributed to:
• Investors' optimism about NOV's potential to recover from its recent earnings report decline, leading to increased buying activity.
• Positive market conditions in the oil and gas sector like rising oil prices or increased demand for drilling services could be boosting NOV's stock price.
• Speculation or rumors about potential new contracts or partnerships for NOV may be driving investor confidence and the bullish movement.

05.01.2025 - NOV Stock was up 8.9%

• Despite a decrease in revenues year-over-year, NOV's Q4 earnings surpassing estimates could indicate efficient cost management or potential growth in other areas of the business.
• The positive earnings report might have boosted investor confidence in NOV's ability to navigate challenges in the oil and gas industry.
• Investors may be optimistic about NOV's future performance, especially with the company's projected guidance for the first quarter of 2025, which could be seen as a positive sign of stability and growth.

28.09.2023 - NOV Stock was up 6.3%

• NOV Inc. reported a rise in its Q3 bottom line, but it missed the Street estimates.
• The company's earnings and revenue for the quarter ended September 2023 were lower than expected.
• Despite the earnings miss, NOV Inc. managed to beat revenue expectations.
• The mixed results could have contributed to the bullish movement in the stock, as investors may have focused more on the positive revenue surprise.

01.03.2024 - NOV Stock was up 2.1%

• Expectations are high for NOV's forthcoming earnings conference call, reflecting positively on the stock performance.
• Shareholders are enthusiastic and confident following the disclosure of the first quarter 2024 earnings conference call.
• Positive forecasts for NOV's first quarter results are fueling a rise in the stock value.
• The webcast of the conference call at www.nov.com/investors could draw increased attention and boost NOV's stock further.

09.09.2023 - NOV Stock was up 5.1%

• The bullish movement in NOV's stock could be attributed to positive market sentiment towards the oil and gas industry, as well as the company's strong financial performance.
• The in-depth analysis mentioned in the article might have highlighted NOV's market value and potential growth prospects, leading to increased investor confidence.
• Factors such as rising oil prices, increased drilling activity, and successful cost-cutting measures by NOV could have contributed to the bullish movement.
• It is possible that the analysis also highlighted NOV's competitive position within the industry, which could have attracted investors seeking exposure to the oil and gas sector.

16.10.2023 - NOV Stock was down 5.1%

• The stock had a bearish movement today.
• Michael Burry, known for his "Big Short" bet, liquidated his holdings in NOV.
• NOV was recently upgraded from a "sell" rating to a "hold" rating by StockNews.com.

26.03.2024 - NOV Stock was down 1.9%

• Despite beating earnings and revenue estimates for Q1 2024, NOV's stock saw a bearish movement, indicating that surpassing expectations did not meet investor expectations.
• The company's announcement of a capital return plan, improved shareholder rewards, and a $1 billion share repurchase authorization may have sparked concerns regarding growth prospects and resource allocation.
• Market response implies investor disappointment with the company's future outlook or performance guidance, resulting in a stock sell-off.
• The bearish movement might also be influenced by general market conditions or sector-specific challenges affecting NOV's stock price, despite positive financial outcomes.

26.06.2024 - NOV Stock was up 5.4%

• NOV reported strong Q2 2024 earnings with EPS of $0.57, surpassing analyst estimates, and revenue reaching $2.22 billion.
• The positive earnings report indicates that NOV is performing well and potentially gaining market share in the oil and gas industry.
• Investors likely reacted positively to the news, driving the bullish movement in the stock price.
• The beat on both EPS and revenue expectations could signal to investors that NOV is effectively managing its operations and capitalizing on market opportunities, leading to increased confidence in the company's future prospects.

26.06.2024 - NOV Stock was up 8.9%

• Impressive second-quarter 2024 results were reported by NOV, surpassing both earnings per share (EPS) and revenue estimates by a significant margin.
• The company's revenue saw a 6% increase compared to the same quarter last year, while net income surged by 46%.
• International growth offset a decline in North America, demonstrating the company's ability to diversify and excel in various markets.
• The all-time high backlog, increased dividend, and strong cash flow collectively contributed to NOV's robust performance, boosting investor confidence and leading to the bullish movement in the stock price today.

01.07.2024 - NOV Stock was down 5.6%

• Despite reporting strong Q2 earnings that surpassed estimates and an increase in revenues year over year, NOV's stock saw a bearish movement.
• The market may have reacted negatively due to the company's cautious guidance for the third quarter, expecting only flat or low single-digit revenue growth.
• Investors might have been disappointed with the lack of significant growth projections, leading to a sell-off in the stock despite the positive earnings report.
• The discrepancy between the positive earnings results and the conservative future outlook could have contributed to the bearish sentiment surrounding NOV's stock today.

29.03.2025 - NOV Stock was down 3.0%

• NOV's Q1 earnings fell below expectations, with a year-over-year decrease in revenues, likely influencing the negative movement in the stock.
• The company's projected adjusted EBITDA for Q2 2025 is lower than anticipated, indicating possible forthcoming challenges.
• Although cost reductions were expected to improve the company's bottom line, the overall outlook for NOV appears to be affected by the drop in revenue and earnings shortfall, contributing to the bearish market trend.