National Oilwell Varco Inc. ($NOV) Stock Forecast: Down 5.0% Today

What is National Oilwell Varco Inc.?

NOV Inc. (NOV.US) operates in the oil and gas industry and witnessed a significant bearish movement in the stock price.

Why is National Oilwell Varco Inc. going down?

NOV stock is down 5.0% on Jun 5, 2026 18:27

• Despite recent gains in trading, a Sell rating and lowered target price by Goldman Sachs likely influenced the bearish trend.
• NOV Inc. performed less favorably than its industry peers on a positive trading day, potentially contributing to the stock's decline.
• Investors' response to Goldman Sachs' updated outlook may have prompted the sell-off of NOV Inc. shares, impacting today's bearish market trend.

NOV Price Chart

NOV Technical Analysis

NOV News

Goldman Sachs Maintains NOV Inc(NOV.US) With Sell Rating, Cuts Target Price to $19

Goldman Sachs has reiterated its Sell rating for NOV Inc. (NOV.US) and reduced its target price to $19. This adjustment reflects the analyst's updated outlook for the company's stock.

https://www.moomoo.com/news/post/71022187/goldman-sachs-maintains-nov-inc-novus-with-sell-rating-cuts

NOV Inc. stock outperforms competitors on strong trading day

NOV Inc. (NOV) saw its stock rise by 1.81% to $20.82 on Wednesday, outperforming the broader market. This gain occurred on a generally down trading day, with the S&P 500 Index and Dow Jones Industrial Average both experiencing declines. This marks the third consecutive day of gains for NOV Inc. stock.

https://www.marketwatch.com/data-news/nov-inc-stock-outperforms-competitors-on-strong-trading-day-e9d50403-024e02c73386?mod=mw_quote_news

NOV Inc. stock underperforms Tuesday when compared to competitors despite daily gains

NOV Inc. (NOV) shares rose 2.25% on Tuesday, closing at $20.45, despite an overall positive trading day for the stock market. Despite this gain, the stock underperformed compared to its competitors. This marks the second consecutive day of gains for NOV Inc.

https://www.marketwatch.com/data-news/nov-inc-stock-underperforms-tuesday-when-compared-to-competitors-despite-daily-gains-9ed23495-6a91bfd7f2dc

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National Oilwell Varco Inc. Price History

08.00.2026 - NOV Stock was up 5.1%

• The announcement of NOV's upcoming fourth quarter and full year 2025 earnings conference call has likely generated positive investor sentiment and anticipation for strong financial results.
• The surge in NOV's stock price by 6.5% can be attributed to the rise in WTI crude oil prices, indicating a positive correlation between oil prices and NOV's performance.
• Despite reaching a new 52-week high and positive insider buying activity, mixed analyst sentiment and previous earnings miss may have led to cautious optimism among investors regarding NOV's future performance.
• The disconnect between NOV's share price growth and three-year earnings decline suggests that market sentiment may not fully align with the company's business performance, prompting a closer watch on sustained gains.

19.02.2026 - NOV Stock was up 1.4%

• While NOV has lagged behind its industry peers and failed to reach its yearly peak in February, its stock showed bullish activity today.
• The appointment of Sanjay K. Chowbey, an experienced industrial executive, to NOV's board of directors may have instilled greater investor faith in the company's governance and future outlook.
• Anticipation surrounding the upcoming earnings conference call on April 28, 2026, could have generated positive sentiment among investors, contributing to today's upward market movement.
• Earnest Partners LLC's decision to increase its investment in NOV by purchasing more shares reflects institutional trust in the company's potential for long-term growth, potentially fueling today's bullish trend.

04.01.2026 - NOV Stock was up 5.1%

• Several institutional investors have been actively purchasing shares of NOV Inc., including notable names such as New York State Common Retirement Fund, Keybank National Association OH, Greenhaven Associates Inc., Tejara Capital Ltd, and SummerHaven Investment Management LLC.
• Director Christian S. Kendall displayed confidence in the company by significantly increasing his holdings through the purchase of 70,000 shares.
• Despite differing analyst ratings and a failure to meet earnings expectations in Q3, the surge in institutional ownership and insider buying are likely factors behind the positive stock movement seen in NOV.
• Overall market sentiment appears to be favorable towards NOV Inc., with a significant portion of the company's stock being held by institutions, reflecting strong investor interest in the company's future prospects.

01.04.2026 - NOV Stock was down 5.1%

• NOV Inc. stock showed weaker performance compared to its rivals and the overall market, closing down by 1.45% despite a positive day for major indices like the S&P 500 and Dow Jones.
• A significant investment firm disclosed a large holding in NOV Inc., possessing over 18 million shares, potentially impacting market sentiment and adding selling pressure on the stock.
• Insights from analysts regarding energy firms including NOV presented a varied outlook, with one firm asserting a Hold rating and a $20.00 price target for NOV, which could have contributed to investor wariness.
• Even though NOV had recently underperformed, it had previously outshone competitors on a strong trading day, illustrating the market's volatility and the energy sector's sensitivity to market conditions.

30.02.2026 - NOV Stock was down 5.4%

• Despite NOV's strategic investment of $200 million to double its subsea pipe manufacturing capacity in Brazil, the market reacted bearishly, possibly due to concerns over increased near-term capital expenditure and execution risk.
• The reduction in stake by Wedge Capital Management L.L.P. NC, along with NOV missing its EPS estimates in the latest quarter, could have contributed to the bearish sentiment surrounding the stock.
• The market may have also reacted to the administrative change in Vanguard Group's holdings of NOV Inc. common stock, although this was more of an internal realignment rather than a market transaction affecting the company directly.
• Overall, while NOV's expansion plans position the company well for long-term revenue growth in the offshore energy market, short-term concerns and investor actions likely influenced the bearish movement in the stock today.

10.02.2026 - NOV Stock was up 5.0%

• Quantbot Technologies LP decreased its stake in NOV Inc., signaling a shift in institutional investor sentiment, potentially leading to initial uncertainty in the market.
• Increased put option trading on NOV indicates a rise in bearish sentiment or hedging activity, likely influenced by company insiders selling substantial stakes and NOV missing its quarterly EPS estimates.
• Despite NOV Inc. facing losses over two consecutive days, the stock demonstrated stronger performance compared to its industry peers and the overall market, possibly due to investors recognizing value in the company's long-term outlook amidst short-term difficulties.

18.01.2026 - NOV Stock was up 5.0%

• GSA Capital Partners LLP increased its stake in NOV Inc., while LSV Asset Management decreased its position, leading to potential market volatility.
• Despite a Q4 loss and missing EPS estimates, NOV exceeded revenue expectations, focusing on portfolio efficiency, share buybacks, and tighter M&A criteria for higher-return growth.
• Director Christian S. Kendall's insider purchase of shares amid institutional sell-offs brings an interesting dynamic to NOV's market situation, possibly indicating confidence in the company's long-term prospects.
• Investors are monitoring NOV's response to energy transition trends and market volatility, as the company strives to reshape its operations for sustainable earnings growth.

27.04.2026 - NOV Stock was down 5.2%

• Investors potentially engaged in profit-taking following a period of robust performance, contributing to the stock's bearish movement.
• Concerns arose among investors due to directors receiving equity awards and insider trading activity, raising questions about internal matters.
• Despite significant shareholder support at the annual meeting and the declaration of dividends, negative factors seemed to outweigh positive developments, impacting NOV's market sentiment today.

02.00.2026 - NOV Stock was up 5.2%

• Institutional investors, including Voya Investment Management LLC, have been significantly increasing their stakes in NOV Inc., indicating growing confidence in the company despite recent financial results.
• The company's announcement of a quarterly dividend and a director's insider purchase have further bolstered investor sentiment.
• Despite mixed analyst opinions and a "Hold" consensus rating, the increased institutional ownership and insider buying activity suggest a positive outlook for NOV Inc. in the eyes of investors.

05.01.2026 - NOV Stock was down 5.1%

• The dip in NOV's stock price today could be due to the Q4 2025 financial results, where the company fell short of EPS expectations but exceeded revenue estimates, leaving investors disappointed.
• NOV's cautious outlook for Q1 2026, projecting a decrease in revenue and lower Adjusted EBITDA compared to 2025, likely added to the negative sentiment among traders.
• Market concerns might also stem from the company's net loss in Q4 2025 and the overall decline in net income for the year, despite strong free cash flow and shareholder returns.
• While an endorsement from Barclays and the CEO's strategic plans to revamp the company's portfolio offer hope for the future, current market sentiments appear more influenced by NOV's recent financial performance and outlook.

05.01.2026 - NOV Stock was down 5.7%

• Today's downward trend in NOV's stock price seems to be influenced by the notable EPS shortfall in Q4 2025, despite the strong revenue performance.
• The cautious forecast for Q1 2026, anticipating a decrease in revenue and lower EBITDA compared to the previous year, may have amplified the negative investor sentiment.
• Despite an upgrade to Equal Weight by Barclays and a positive adjustment to the price target, these were insufficient to counterbalance the impact of the earnings miss and conservative future outlook, contributing to the bearish market activity.

05.05.2026 - NOV Stock was down 5.0%

• Despite recent gains in trading, a Sell rating and lowered target price by Goldman Sachs likely influenced the bearish trend.
• NOV Inc. performed less favorably than its industry peers on a positive trading day, potentially contributing to the stock's decline.
• Investors' response to Goldman Sachs' updated outlook may have prompted the sell-off of NOV Inc. shares, impacting today's bearish market trend.