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

What is National Oilwell Varco Inc.?

NOV Inc. (NOV) operates in the oil and gas equipment and services sector. The stock displayed a significant bearish trend today.

Why is National Oilwell Varco Inc. going down?

NOV stock is down 5.1% on Dec 16, 2025 20:00

• 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.

NOV Price Chart

NOV Technical Analysis

NOV News

Citigroup Maintains NOV (NOV) Neutral Recommendation

Citigroup has maintained a Neutral recommendation for NOV (NYSE: NOV). Analysts project a 1.14% upside with an average one-year price target of $16.83/share. Fund sentiment remains bullish, with a put/call ratio of 0.26, and institutional ownership of the company's shares has increased.

https://www.nasdaq.com/articles/citigroup-maintains-nov-nov-neutral-recommendation-1

NOV Inc. price target raised to $17 from $16 at Citi

Citi has raised its price target for NOV Inc. (NOV) to $17 from $16, while maintaining a Neutral rating, based on the firm's 2026 outlook for the oil and gas equipment and services sector. Citi believes the industry is currently at the bottom of a two-year downcycle, and a lack of negative estimate revisions could lead to better share performance in 2026. The firm also identified SLB as its top large-cap pick, followed by Baker Hughes and Halliburton.

https://www.tipranks.com/news/the-fly/nov-inc-price-target-raised-to-17-from-16-at-citi-thefly

Natura Resources Buys Shepherd Power And Forms Strategic Partnership With NOV

Natura Resources has acquired Shepherd Power and partnered with NOV Inc. to accelerate its small modular reactor strategy. This move combines Natura's molten salt reactor technology with NOV's manufacturing expertise and Shepherd Power's regulatory background to deliver advanced nuclear power for data centers and industrial customers by the early 2030s. The collaboration aims to streamline market entry for molten salt reactors and strengthen Natura's competitive position in critical energy-intensive markets.

https://pulse2.com/natura-resources-buys-shepherd-power/

Nov stock hits 52-week high at 16.66 USD

NOV Inc. (NYSE: NOV) stock reached a 52-week high of $16.66, reflecting an impressive 22.59% gain over six months and 14.36% year-to-date. This strong performance, supported by an InvestingPro "GREAT" financial health score and a 17-year dividend track record, suggests positive investor sentiment despite its recent Q3 2025 earnings falling below analyst expectations. The company is actively innovating with AI-driven applications and has received an increased price target from Raymond James.

https://www.investing.com/news/company-news/nov-stock-hits-52week-high-at-1666-usd-93CH-4401654

NOV Inc. Stock Underperforms Wednesday When Compared To Competitors Despite Daily Gains

NOV Inc. stock experienced an underperformance on Wednesday relative to its competitors, despite achieving daily gains. This report mentions Unity Software (U.US) announcing fourth-quarter revenues of $609 million, exceeding estimates, coupled with a quarterly loss of 66 cents per share. The article suggests readers log in to view the full news due to copyright restrictions.

https://news.futunn.com/en/post/66044183/nov-inc-stock-underperforms-wednesday-when-compared-to-competitors-despite

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National Oilwell Varco Inc. Price History

23.08.2025 - NOV Stock was up 7.4%

• Securing a crucial contract for Argentina's inaugural FLNG project opens up substantial growth potential for NOV in a previously untapped market.
• This contract victory highlights NOV's adeptness in delivering vital systems for offshore ventures, instilling optimism among investors about the company's future growth.
• The upswing in NOV's stock price can be linked to this favorable development, with investors foreseeing enhanced revenue and market presence for the company in the energy sector.

28.09.2025 - NOV Stock was up 5.9%

• Despite missing Q3 earnings estimates, NOV had a strong bullish movement, indicating that investors may be focusing on other positive aspects of the company's performance.
• The appointment of Jose Bayardo to the Board of Directors could be seen as a positive move by investors, potentially boosting confidence in the company's leadership and strategic direction.
• The strong bookings and cash flow from operations reported in the third quarter results may have contributed to the bullish movement, showing resilience in NOV's financial performance despite challenges in the drilling demand.
• Overall, the market movement could be a result of a combination of factors, including positive financial results, strategic appointments, and investor optimism about 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.

23.06.2025 - NOV Stock was up 5.0%

• Despite the expected earnings decline, there was a strong bullish movement in NOV's stock today.
• Investor optimism regarding other aspects of the company or its future outlook may have driven increased buying activity.
• Market movements could be impacted by factors beyond the earnings report, including industry trends and overall market sentiment.
• Investors appear to be focusing on broader factors and finding reasons to be bullish on NOV despite the projected earnings drop for the quarter.

23.06.2025 - NOV Stock was up 5.2%

• Despite expectations of lower revenues and a decline in Q2 earnings, NOV experienced a strong bullish movement.
• Investors might be optimistic about NOV's long-term growth prospects or potential positive surprises in the upcoming earnings report.
• The market movement could also be influenced by external factors or overall market sentiment, rather than just the anticipated earnings decline.
• It's possible that investors are focusing on NOV's strategic initiatives or future guidance, leading to the bullish movement despite the negative earnings outlook.

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.

29.06.2025 - NOV Stock was down 8.0%

• Q2 earnings for NOV fell below projected figures, with both earnings and revenue missing expectations.
• Speculation of reduced revenues and higher cost of goods sold prior to the earnings announcement likely influenced the stock's negative movement.
• Investor apprehension regarding NOV's financial standing and future prospects may have prompted the selling of NOV shares.
• The unsatisfactory Q2 results and worries about the company's financial stability appear to be key factors driving the negative sentiment surrounding NOV's stock today.

20.10.2025 - NOV Stock was down 5.2%

• NOV's decision to declare a regular quarterly dividend could be interpreted by investors as a sign of cash distribution rather than investment in growth opportunities, potentially influencing the bearish sentiment.
• The recent announcement of a leadership transition, including the retirement of Clay Williams and the appointment of Jose Bayardo as CEO effective January 1, 2026, may have created uncertainty and raised questions about the company's future trajectory, contributing to the bearish market trend.
• The conjunction of the dividend declaration and the leadership changes might be prompting investors to sell their NOV shares in anticipation of potential challenges or strategic shifts under the new CEO.

31.09.2025 - NOV Stock was down 5.2%

• Recent Q3 earnings from NOV fell short of estimates despite surpassing revenue projections, pointing to operational hurdles.
• Poor performance in the oilfield activity and segments were significant factors impacting NOV's results, contributing to the bearish trend.
• The addition of Jose Bayardo to the Board of Directors may hint at strategic decisions, yet was overshadowed by disappointing earnings, fostering negative market sentiment.
• Investor response indicates apprehension about NOV navigating industry challenges, fueling the stock's decline.

22.07.2025 - NOV Stock was up 5.7%

• Despite NOV's recent stock slide of 19% in the past six months, today's bullish movement could indicate a potential turnaround.
• The weak second-quarter earnings, soft drilling demand, offshore delays, and margin pressures could have already been factored into the stock price, leading to a possible oversold situation.
• Investors might be seeing value in NOV at its current price levels, hence the bullish movement today.
• It's essential for investors to closely monitor any developments in the oil and gas industry that could impact NOV's future performance.

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.

23.09.2025 - NOV Stock was up 5.8%

• Despite forecasts pointing to declines in revenue and profit amid softer drilling demand, NOV's stock saw a strong bullish movement today.
• Analysts estimating a decline in earnings for NOV's upcoming report did not seem to deter investors, as the stock showed significant positive movement.
• The market might be reacting positively to potential cost-cutting measures or strategic shifts within the company that could mitigate the expected earnings decline.
• Investors could be speculating on positive surprises in the earnings report or anticipating future improvements in the company's performance beyond the current challenges in the industry.