NOV — NOV Inc.
Energy · Oil & Gas Equipment & Services
About NOV Inc.
NOV Inc. designs, constructs, manufactures, and sells systems, components, and products for oil and gas drilling and production, and industrial and renewable energy sectors in the United States and internationally. It operates in two segments, Energy Equipment, and Energy Products and Services. The Energy Products and Services segment offers drill bits and borehole enlargement products; independent drilling and intervention downhole tools equipment; frac plugs, frac sleeves, toe initiation burst port systems, and recyclable setting tools; electric submersible pumps, high viscosity pumps, and surface pumps; tubular coating and inspection services for drill-pipe and other oil country tubular goods; solids control and waste management equipment and services; data and digital solutions; precision-engineered drill pipe and drill-stem equipment; connectors and integral thread solutions, including conductor strings, surface casing, and liners; and composite pipe, tanks, and structures. Its Energy Equipment segment provides drilling equipment, such as land rigs, complete offshore drilling packages, and rig components; capital equipment, related consumables, and digital products for hydraulic stimulation, coiled tubing, and wireline services; marine and construction solutions; processing solutions for the separation and treatment of oil, gas, solids, seawater, and produced water production; flexible subsea pipe systems; cavity pumps, specialized mixers and heat exchangers; and reciprocating, multistage, and progressive cavity pumps, midstream products, including closures, transfer pumps, chokes and valves, as well as artificial lift support systems that include production BOPs and stuffing boxes. The company was formerly known as National Oilwell Varco, Inc. and changed its name to NOV Inc. in January 2021. NOV Inc. was founded in 1862 and is based in Houston, Texas.
The oilfield-services industry
Services companies sell the picks and shovels of the oil patch: drilling rigs, fracking fleets, downhole tools, subsea equipment and the engineering that goes with them. Their revenue follows what producers spend, not the oil price itself — and producer budgets react to prices with a lag, so services cycles arrive later and swing harder. The big three (SLB, Halliburton, Baker Hughes) split roughly along international versus North American exposure, and international and offshore work runs on longer contracts than the spot-driven US shale business. Read these as a bet on drilling activity: when producers open their wallets, services margins expand fast; when budgets get cut, there is nowhere to hide. NOV builds rigs and drilling equipment — a capital-equipment cycle that turns even later than services work.
Key data · delayed ~15 min, as of 1 August 2026
| Ticker | NOV |
| Company | NOV Inc. |
| Price | $19.43 |
| Market cap | $6.9B |
| Sector / industry | Energy / Oil & Gas Equipment & Services |
| Analyst mean target | $22 (20 analysts, buy) |
Valuation read
What the price implies: the market is pricing in roughly ~2%/yr earnings growth (modest), on a reverse-DCF of forward earnings ($1.30). Run your own assumptions in the fair-value calculator.
Chart
Related energy names
See the full picture on the energy stocks bubble map, or watch the whole sector live on the terminal.
Test what today's price assumes with your own growth and discount inputs — no signup needed.
Open the fair-value calculator →Market data is delayed ~15 minutes and provided for education, not as financial advice. "Hot" means attention, not direction.