NYSE:NOVEnergy Services
Assessing NOV (NOV) Valuation After Earnings Loss Impairments And Softer Near Term Guidance
NOV (NOV) shares were in focus after the company reported a quarterly net loss, booked US$70 million of asset impairments, guided to a 1% to 3% revenue decline, and continued buybacks.
See our latest analysis for NOV.
Despite the fourth quarter loss and softer near term revenue outlook, NOV's recent news comes against a backdrop of solid momentum. The company has reported a 27.83% 90 day share price return and a 28.45% one year total shareholder return, while the three year total shareholder...