Update shared on04 Sep 2025
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.
- Oil price volatility has created significant market uncertainty, affecting outlooks across North American and international operations.
- Industry catalysts have been predominantly negative, leading to the underperformance of oil service stocks relative to the S&P 500 in 2025.
- Falling earnings estimates have contributed to a cautious stance, with expectations for shares to remain range bound until revisions stabilize.
- The overall market environment remains challenging, causing some analysts to lower price targets despite maintaining neutral or positive ratings.
What's in the News
- NOV completed repurchase of 25,029,549 shares (6.48% of shares outstanding) for $379.71 million under its buyback program announced April 2024.
- In the latest tranche, repurchased 5,434,512 shares (1.44%) for $69.4 million between April 1 and June 30, 2025.
Valuation Changes
Summary of Valuation Changes for NOV
- The Consensus Analyst Price Target remained effectively unchanged, at $15.38.
- The Consensus Revenue Growth forecasts for NOV remained effectively unchanged, at 0.7% per annum.
- The Net Profit Margin for NOV remained effectively unchanged, at 6.09%.
Disclaimer
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