National Oilwell Varco Inc. ($NOV) Stock Forecast: Down 5.1% Today

What is National Oilwell Varco Inc.?

NOV Inc. (NOV) is a company in the energy sector, offering equipment and services to the oil and gas industry. Today, NOV faced a notable downtrend in the market.

Why is National Oilwell Varco Inc. going down?

NOV stock is down 5.1% on May 1, 2026 15:00

• 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.

NOV Price Chart

NOV Technical Analysis

NOV News

NOV Inc. stock underperforms Thursday when compared to competitors

NOV Inc. (NOV) shares experienced a 1.45% decline on Thursday, closing at $20.46, despite a generally favorable trading day for the broader market. The S&P 500 Index rose by 1.02% and the Dow Jones Industrial Average increased by 1.62%. NOV Inc.'s stock finished 2.25% below its 52-week high of $20.93, which it achieved on April 27th.

https://www.marketwatch.com/data-news/nov-inc-stock-underperforms-thursday-when-compared-to-competitors-5875d214-52e8d90c22f0

Vanguard reports 18.9M-share stake in NOV Inc (NYSE: NOV)

Vanguard Capital Management has reported a passive investment of 18,905,811 shares, representing 5.24% of NOV Inc.'s common stock, as detailed in a Schedule 13G SEC filing. As of March 31, 2026, Vanguard exercises sole dispositive power over all these shares and sole voting power over 2,719,515 shares, held for its funds and managed accounts. The filing indicates a passive investment intent rather than an activist approach.

https://www.stocktitan.net/sec-filings/NOV/schedule-13g-nov-inc-passive-investment-disclosure-5-c252be8f8fdc.html

Analysts Offer Insights on Energy Companies: NOV (NOV), BP (BP) and Enterprise Products Partners (EPD)

This article provides an overview of analyst ratings for three energy companies: NOV, BP, and Enterprise Products Partners. Barclays maintained a Hold rating on NOV with a $20.00 price target, while Goldman Sachs maintained a Buy rating on BP with a $55.00 price target. Barclays also maintained a Buy rating on Enterprise Products Partners with a $41.00 price target, highlighting a consistent positive outlook for this company from analysts.

https://www.theglobeandmail.com/investing/markets/stocks/NOV/pressreleases/1610957/analysts-offer-insights-on-energy-companies-nov-nov-bp-bp-and-enterprise-products-partners-epd/

Vanguard Portfolio Management (NYSE: NOV) reports 18.93M shares, 5.25%

Vanguard Portfolio Management has reported a beneficial ownership of 18,929,098 shares in NOV Inc., representing a 5.25% stake in the company as of March 31, 2026. This disclosure was made via a Schedule 13G SEC filing, indicating Vanguard holds sole dispositive power over all these shares and sole voting power over 177,026 shares. The filing covers holdings across multiple Vanguard affiliates and funds, clarifying its passive investment stance.

https://www.stocktitan.net/sec-filings/NOV/schedule-13g-nov-inc-passive-investment-disclosure-5-b1811e9ae298.html

NOV Inc. stock outperforms competitors on strong trading day

NOV Inc. stock rose 2.32% to $20.76 on Wednesday, outperforming the broader market. This occurred despite a negative trading session where the S&P 500 Index fell 0.04% and the Dow Jones Industrial Average dropped 0.57%. The company's stock closed 0.81% below its 52-week high.

https://www.marketwatch.com/data-news/nov-inc-stock-outperforms-competitors-on-strong-trading-day-38b25bf1-0cec07951f55?mod=goog_fin_scmw

Trending Today

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.

03.11.2025 - NOV Stock was up 6.0%

• NOV stock saw a bullish movement attributed to optimistic investors following positive earnings estimates post the last financial report.
• Investor optimism about NOV's future performance may be linked to indicators mentioned.
• Favorable market reaction to recent financial performance is propelling NOV's stock price upwards.

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.

16.11.2025 - NOV Stock was down 5.1%

• Despite a Neutral recommendation and an increased price target from Citigroup, NOV Inc. observed a bearish movement, potentially influenced by market conditions or company-specific factors.
• The recent strategic partnership with Natura Resources and the acquisition of Shepherd Power in line with the small modular reactor strategy were viewed as positive long-term developments but did not deter the short-term bearish movement.
• NOV Inc.'s recent achievement of a 52-week high, coupled with a robust financial health score and consistent dividend track record, may have heightened expectations, leading to profit-taking and the bearish trend.
• Despite daily gains, NOV Inc. lagging behind its competitors might suggest investor attention shifting to other companies in the sector, impacting NOV's stock price negatively.

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.

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.