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Deepwater And Saudi Activity Will Drive Recovery Amid Sector Crosscurrents

Published
27 Aug 24
Updated
30 Oct 25
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AnalystConsensusTarget's Fair Value
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1Y
-4.2%
7D
-1.3%

Author's Valuation

US$15.756.3% undervalued intrinsic discount

AnalystConsensusTarget Fair Value

Shared on 30 Oct 25

Fair value Increased 2.40%

The analyst price target for NOV has increased to $15.75 from $15.38. This change reflects improved revenue growth expectations and a stronger profit margin outlook, as analysts cite sector momentum and evolving industry dynamics.

Shared on 04 Sep 25

Offshore And International Activity Will Fuel Future Energy Transformation

Amid ongoing oilfield services market headwinds—such as sector deceleration, earnings estimate downgrades, and persistent oil price volatility—analysts remain cautious on NOV, maintaining a neutral outlook and an unchanged consensus price target of $15.38. Analyst Commentary Ongoing crosscurrents in the oilfield services market, with U.S. land experiencing deflation and sticky production, and international and offshore sectors showing deceleration and mixed results.

Shared on 07 May 25

Fair value Decreased 16%

Offshore And International Activity Will Fuel Future Energy Transformation

Shared on 30 Apr 25

Fair value Increased 3.98%

Deepwater Production Equipment Demand Will Open Future Markets

AnalystConsensusTarget has increased revenue growth from 1.0% to 1.3%.

Shared on 23 Apr 25

Fair value Decreased 0.62%

Deepwater Production Equipment Demand Will Open Future Markets

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 17 Apr 25

Fair value Decreased 5.25%

Deepwater Production Equipment Demand Will Open Future Markets

AnalystConsensusTarget has decreased revenue growth from 1.6% to 1.0%.

Shared on 09 Apr 25

Fair value Decreased 1.58%

Deepwater Production Equipment Demand Will Open Future Markets

AnalystConsensusTarget has decreased revenue growth from 2.2% to 1.6% and decreased discount rate from 9.1% to 8.1%.

Shared on 02 Apr 25

Fair value Increased 0.74%

Deepwater Production Equipment Demand Will Open Future Markets

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 26 Mar 25

Deepwater Production Equipment Demand Will Open Future Markets

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 19 Mar 25

Fair value Increased 16%

Deepwater Production Equipment Demand Will Open Future Markets

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 10 Mar 25

Fair value Decreased 0.83%

Deepwater Production Equipment Demand Will Open Future Markets