Duyuru • Apr 29
NOV Inc. Provides Earnings Guidance for the Second Quarter of 2026 NOV Inc. provided earnings guidance for the second quarter of 2026. For the quarter, the company expects year-over-year consolidated revenues to decline between 4% to 6%. Duyuru • Apr 16
Nov Inc. Provides Consolidated Earnings Guidance for the First Quarter 2026 NOV Inc. provided consolidated earnings guidance for the first quarter 2026. For the quarter, the company expects revenue to be $2.05 billion, operating profit of $47 million. The operational disruptions resulting from the war in the Middle East will cause first quarter 2026 revenue and earnings to be below prior guidance. Duyuru • Apr 10
NOV Inc., Annual General Meeting, May 20, 2026 NOV Inc., Annual General Meeting, May 20, 2026. Location: 10353 richmond avenue, texas 77042, houston United States Duyuru • Mar 18
NOV Inc. Appoints Sanjay Chowbey to the Board of Directors, Effective March 17, 2026 NOV Inc. announced that Sanjay Chowbey has been appointed to the Company’s Board of Directors, effective March 17, 2026. Mr. Chowbey has more than 20 years of experience leading global manufacturing and industrial technology businesses, including in his current role as the President and Chief Executive Officer of Kennametal Inc., a global manufacturer of advanced tooling, wear-resistant materials, and engineered components. Mr. Chowbey also serves on Kennametal Inc.’s board of directors. Prior to his current role, Mr. Chowbey served as the President of Kennametal Inc.’s Metal Cutting segment. Before his time at Kennametal Inc., Mr. Chowbey served in various roles of increasing seniority across several prominent global industrial companies, including as the President of Flowserve Corporation’s Services and Solutions business, as well as roles with Danaher Corporation and Arvin Meritor Inc. Mr. Chowbey is also a member of the Board of Directors for the National Association of Manufacturers (NAM). Mr. Chowbey earned a Bachelor of Science in Mechanical Engineering from B.I.T. in Sindri, India, a Master of Science in Mechanical Engineering from the Tennessee Technological University, and a Master of Business Administration from the Kellogg School of Management at Northwestern University. Mr. Chowbey will serve on NOV Inc.’s Audit Committee upon his appointment to the Board. With the appointment of Mr. Chowbey, the Board is composed of nine directors, eight of whom are independent members. Duyuru • Mar 17
NOV Inc. to Report Q1, 2026 Results on Apr 27, 2026 NOV Inc. announced that they will report Q1, 2026 results After-Market on Apr 27, 2026 Duyuru • Feb 06
NOV Inc. Provides Earnings Guidance for the First Quarter of 2026 NOV Inc. provided earnings guidance for the first quarter of 2026. For the period, the company expects year-over-year consolidated revenues to decline between 1% to 3%. Duyuru • Jan 07
NOV Inc. to Report Q4, 2025 Results on Feb 04, 2026 NOV Inc. announced that they will report Q4, 2025 results After-Market on Feb 04, 2026 Duyuru • Sep 29
NOV Inc. to Report Q3, 2025 Results on Oct 27, 2025 NOV Inc. announced that they will report Q3, 2025 results After-Market on Oct 27, 2025 Duyuru • Aug 14
Nov Inc. Declares Regular Quarterly Cash Dividend on Common Stock, Payable on September 26, 2025 NOV Inc. announced that its Board of Directors declared a regular quarterly cash dividend of $0.075 per share of common stock, payable on September 26, 2025 to each stockholder of record on September 12, 2025. Duyuru • Jun 27
NOV Inc. to Report Q2, 2025 Results on Jul 28, 2025 NOV Inc. announced that they will report Q2, 2025 results After-Market on Jul 28, 2025 Duyuru • Apr 29
Nov Inc. Provides Earnings Guidance for the Second Quarter of 2025 NOV Inc. provided earnings guidance for the second quarter of 2025. For the quarter, the company expected year-over-year consolidated revenues to be down 1% to 4%. Duyuru • Apr 11
NOV Inc., Annual General Meeting, May 20, 2025 NOV Inc., Annual General Meeting, May 20, 2025. Location: 10353 richmond avenue, tx 77042, houston United States Duyuru • Apr 09
Greg L. Armstrong and Eric L. Mattson Do Not Re-Nominate as Directors of NOV Inc After consultation with Mr. Greg L. Armstrong and Mr. Eric L. Mattson, the Nominating/Corporate Governance Committee of NOV Inc. made the decision not to re-nominate Mr. Armstrong or Mr. Mattson as DIRECTORS
at the Annual Meeting due to their future personal schedules and other time commitments. Their terms of office will cease at the 2025 Annual Meeting, absent their earlier death, resignation, or removal. Duyuru • Mar 18
NOV Inc. to Report Q1, 2025 Results on Apr 28, 2025 NOV Inc. announced that they will report Q1, 2025 results After-Market on Apr 28, 2025 Duyuru • Feb 21
NOV Inc. Declares Regular Quarterly Cash Dividend on Common Stock, Payable on March 28, 2025 NOV Inc. announced that its Board of Directors declared a regular quarterly cash dividend of $0.075 per share of common stock, payable on March 28, 2025 to each stockholder of record on March 14, 2025. Duyuru • Feb 06
NOV Inc. Provides Earnings Guidance for the First Quarter of 2025 NOV Inc. provided earnings guidance for the first quarter of 2025. For the first quarter of 2025 management expects year-over-year consolidated revenues to be down 1 to 3% with Adjusted EBITDA between $235 million and $265 million. Duyuru • Dec 23
NOV Inc. to Report Q4, 2024 Results on Feb 04, 2025 NOV Inc. announced that they will report Q4, 2024 results After-Market on Feb 04, 2025 Duyuru • Dec 16
Nov Inc. Appoints Chris Kendall to the Board of Directors NOV Inc. announced that Chris Kendall has been appointed to the company’s Board of Directors, effective December 15, 2024. Mr. Kendall has more than 30 years of experience in the global oil and gas industry, including as a director, President, and Chief Executive Officer of Denbury Inc. prior to its acquisition by Exxon Mobil Corporation in November 2023. Prior to joining Denbury, Mr. Kendall was with Noble Energy, serving as the Senior Vice President, Global Operations Services. During his 14-year tenure at Noble Energy, Mr. Kendall held several international and domestic leadership roles, primarily in the Eastern Mediterranean, Latin America, and the Gulf of Mexico regions. Mr. Kendall began his energy career at Mobil Corporation in 1989. He received a Bachelor of Science in Engineering, Civil Specialty from the Colorado School of Mines and graduated from Harvard Business School’s Advanced Management Program. Mr. Kendall currently serves as a director of California Resources Corporation, chair of its Nominating & Corporate Governance Committee, and member of its Audit Committee. He also serves as a director of Carbon TerraVault, a subsidiary of California Resources Corporation. Mr. Kendall will serve on NOV Inc.’s Audit Committee upon his appointment to the board. With the appointment of Mr. Kendall, NOV Inc.’s board of directors is now composed of eleven directors, ten of whom are independent members. Duyuru • Nov 14
NOV Inc. Declares Regular Quarterly Dividend, Payable on December 20, 2024 NOV Inc. announced that its Board of Directors declared a regular quarterly cash dividend of $0.075 per share of common stock, payable on December 20, 2024 to each stockholder of record on December 6, 2024. Recent Insider Transactions • Nov 12
President of Energy Equipment recently sold €1.1m worth of stock On the 7th of November, Joseph Rovig sold around 73k shares on-market at roughly €15.20 per share. This transaction amounted to 34% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.7m more than they bought in the last 12 months. Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: US$0.33 (vs US$0.29 in 3Q 2023) Third quarter 2024 results: EPS: US$0.33 (up from US$0.29 in 3Q 2023). Revenue: US$2.19b (flat on 3Q 2023). Net income: US$130.0m (up 14% from 3Q 2023). Profit margin: 5.9% (up from 5.2% in 3Q 2023). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 06
Upcoming dividend of US$0.075 per share Eligible shareholders must have bought the stock before 13 September 2024. Payment date: 27 September 2024. Payout ratio is a comfortable 8.4% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (4.2%). Declared Dividend • Aug 18
Second quarter dividend of US$0.075 announced Shareholders will receive a dividend of US$0.075. Ex-date: 13th September 2024 Payment date: 27th September 2024 Dividend yield will be 1.5%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (8% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 15% over the next 3 years. However, it would need to fall by 91% to increase the payout ratio to a potentially unsustainable range. Duyuru • Aug 15
NOV Inc. Declares Regular Quarterly Dividend, Payable on September 27, 2024 NOV Inc. announced that its Board of Directors declared a regular quarterly cash dividend of $0.075 per share of common stock, payable on September 27, 2024 to each stockholder of record on September 13, 2024. Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €15.92, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 8x in the Energy Services industry in Europe. Total returns to shareholders of 44% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €30.31 per share. Reported Earnings • Jul 26
Second quarter 2024 earnings released: EPS: US$0.57 (vs US$0.39 in 2Q 2023) Second quarter 2024 results: EPS: US$0.57 (up from US$0.39 in 2Q 2023). Revenue: US$2.22b (up 5.9% from 2Q 2023). Net income: US$226.0m (up 46% from 2Q 2023). Profit margin: 10% (up from 7.4% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 121% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Duyuru • Jul 26
NOV Inc. Provides Consolidated Earnings Guidance for the Third Quarter and Full Year 2024 NOV Inc. provided consolidated earnings guidance for the third quarter and full year 2024. For the third quarter management expects year-over-year consolidated revenues to be flat to up in the low- single digit % range.
For full year 2024, management anticipates consolidated company revenue growth in the low- to mid-single digit % range. Duyuru • Jun 22
NOV Inc. to Report Q2, 2024 Results on Jul 25, 2024 NOV Inc. announced that they will report Q2, 2024 results After-Market on Jul 25, 2024 Upcoming Dividend • Jun 07
Upcoming dividend of US$0.075 per share Eligible shareholders must have bought the stock before 14 June 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 8.0% but the company is not cash flow positive. Trailing yield: 1.7%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (3.8%). Declared Dividend • May 19
First quarter dividend of US$0.075 announced Shareholders will receive a dividend of US$0.075. Ex-date: 14th June 2024 Payment date: 28th June 2024 Dividend yield will be 1.2%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (8% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 9.4% over the next 3 years. However, it would need to fall by 91% to increase the payout ratio to a potentially unsustainable range. Duyuru • May 18
NOV Inc. Declares Regular Quarterly Cash Dividend, Payable on June 28, 2024 NOV Inc. announced that its board of directors declared the regular quarterly cash dividend of $0.075 per share of common stock, payable on June 28, 2024 to each stockholder of record on June 14, 2024. Duyuru • Apr 28
NOV Inc. Expects to Increase Its Quarterly Cash Dividend from Quarter Ended June 30, 2024 NOV Inc. expects to increase its quarterly cash dividend on its common stock from $0.05 per share to $0.075 per share, a 50% increase. The first increased quarterly dividend of $0.075 per share is anticipated to be paid out during the quarter ended June 30, 2024, however, the declaration and payment of future dividends are subject to the sole discretion of the Company’s Board of Directors. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: US$0.30 (vs US$0.32 in 1Q 2023) First quarter 2024 results: EPS: US$0.30 (down from US$0.32 in 1Q 2023). Revenue: US$2.16b (up 9.8% from 1Q 2023). Net income: US$119.0m (down 5.6% from 1Q 2023). Profit margin: 5.5% (down from 6.4% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 126% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Duyuru • Apr 11
Cemc Services, LLC completed the acquisition of Ameron Pole Products LLC from NOV Inc. (NYSE:NOV). Cemc Services, LLC entered into a Membership Interest Purchase Agreement to acquire Ameron Pole Products LLC from NOV Inc. (NYSE:NOV) for $180 million on March 8, 2024. Arcosa expects to fund the $180 million purchase price with a combination of cash on-hand and borrowings available under its revolving credit facility. The transaction is subject to customary closing conditions, including the expiration or termination of applicable waiting periods or commitments under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. The transaction has been approved by the Arcosa, Inc.’s Board of Directors. For the year ended December 31, 2023, Ameron had revenues of approximately $94 million and Adjusted EBITDA of approximately $20 million, implying a 9.0x EBITDA acquisition multiple. The Transaction is expected to close in the second quarter of 2024.Cemc Services, LLC completed the acquisition of Ameron Pole Products LLC from NOV Inc. (NYSE:NOV) on April 9, 2024. Weil, Gotshal & Manges LLP served as legal advisor to Arcosa. Duyuru • Apr 05
NOV Inc., Annual General Meeting, May 15, 2024 NOV Inc., Annual General Meeting, May 15, 2024, at 10:00 Central Standard Time. Location: NOV Inc. 10353 Richmond Avenue Houston Texas United States Agenda: To elect ten nominees as directors of the Company for a term of one year; to ratify the appointment of Ernst & Young LLP as independent auditors of the Company for 2024; and approve, on an advisory basis, the compensation of named executive officers. Duyuru • Mar 27
NOV Inc. to Report Q1, 2024 Results on Apr 25, 2024 NOV Inc. announced that they will report Q1, 2024 results at 4:00 PM, US Eastern Standard Time on Apr 25, 2024 Duyuru • Mar 11
Cemc Services, LLC entered into a Membership Interest Purchase Agreement to acquire Ameron Pole Products LLC from NOV Inc. (NYSE:NOV) for $180 million. Cemc Services, LLC entered into a Membership Interest Purchase Agreement to acquire Ameron Pole Products LLC from NOV Inc. (NYSE:NOV) for $180 million on March 8, 2024. Arcosa expects to fund the $180 million purchase price with a combination of cash on-hand and borrowings available under its revolving credit facility. The transaction is subject to customary closing conditions, including the expiration or termination of applicable waiting periods or commitments under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. The transaction has been approved by the Arcosa, Inc.’s Board of Directors. For the year ended December 31, 2023, Ameron had revenues of approximately $94 million and Adjusted EBITDA of approximately $20 million, implying a 9.0x EBITDA acquisition multiple. The Transaction is expected to close in the second quarter of 2024. Duyuru • Mar 07
NOV Inc. Appoints Patricia Martinez to the Board of Directors NOV Inc. announced the appointment of Patricia Martinez to NOV’s Board of Directors, effective March 6, 2024. Ms. Martinez was the Chief Energy Transition Officer of Enerflex Ltd. from 2021 to 2024 and was formerly President of Enerflex’s Latin American business. Ms. Martinez joined Enerflex in 2014 when the company acquired Axip Energy Services L.P. international assets. At the time of the acquisition, Ms. Martinez was SVP for Axip’s international, a successor of Valerus Compression Services where she was VP of Latin America from 2009 to 2013 and Director of International Ventures from 2007 to 2009. Prior to joining Valerus in 2007, Ms. Martinez held several positions in sales and marketing with Shell Oil Products U.S. from 2003 to 2007. Ms. Martinez began her career at Conoco Argentina (a former Dupont subsidiary), where she worked in sales and marketing between 1996 and 1998. Ms. Martinez received a bachelor’s degree in business administration and marketing from Universidad Argentina de la Empresa and an MBA from Houston Baptist University. Ms. Martinez also serves as a director of Par Pacific Holdings Inc. With the appointment of Ms. Martinez, NOV Inc.’s board of directors is now composed of ten directors, nine of whom are independent members. Upcoming Dividend • Mar 06
Upcoming dividend of US$0.05 per share Eligible shareholders must have bought the stock before 13 March 2024. Payment date: 28 March 2024. Payout ratio is a comfortable 7.9% but the company is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (5.2%). Lower than average of industry peers (4.0%). Declared Dividend • Feb 19
Fourth quarter dividend of US$0.05 announced Shareholders will receive a dividend of US$0.05. Ex-date: 13th March 2024 Payment date: 28th March 2024 Dividend yield will be 1.2%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (8% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 20% over the next 3 years. However, it would need to fall by 91% to increase the payout ratio to a potentially unsustainable range. Duyuru • Feb 15
NOV Inc. Declares Regular Quarterly Dividend, Payable on March 28, 2024 NOV Inc. announced that its Board of Directors declared the regular quarterly cash dividend of $0.05 per share of common stock, payable on March 28, 2024 to each stockholder of record on March 14, 2024. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €15.80, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 7x in the Energy Services industry in Europe. Total returns to shareholders of 44% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €26.76 per share. Duyuru • Feb 02
NOV Inc. (NYSE:NOV) acquired Extract Production Services, LLC. NOV Inc. (NYSE:NOV) acquired Extract Production Services, LLC on subsequent to quarter end. Reported Earnings • Feb 02
Full year 2023 earnings released: EPS: US$2.53 (vs US$0.40 in FY 2022) Full year 2023 results: EPS: US$2.53 (up from US$0.40 in FY 2022). Revenue: US$8.58b (up 19% from FY 2022). Net income: US$993.0m (up US$838.0m from FY 2022). Profit margin: 12% (up from 2.1% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 136% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Feb 01
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.2% to €18.30. The fair value is estimated to be €23.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 6.3% per annum. Earnings are also forecast to grow by 16% per annum over the same time period. Duyuru • Jan 18
NOV Inc. Appoints Patricia Melcher to the Board of Directors, Effective January 17, 2024 NOV Inc. announced that Patricia B. "Patti" Melcher has been appointed to the Company’s Board of Directors, effective January 17, 2024. Ms. Melcher is currently a Managing Partner of EIV Capital, an energy-focused private equity firm she co-founded in 2009. Prior to co-founding EIV Capital, Ms. Melcher founded Allegro Capital Management in 1997, an investment firm which made equity investments in energy companies and provided consulting services. During her tenure at Allegro, she served as interim chief executive officer for Petrocom Energy Group from 2003 to 2004. Ms. Melcher joined SCF Partners at its formation to focus on private equity investments in the oilfield services sector and held positions of increasing responsibility from 1989 to 1994. Ms. Melcher has over 35 years of energy business experience, beginning her career as an investment banker for Simmons & Company International in 1986. Ms. Melcher received a Bachelor of Science in Systems Engineering from the University of Virginia and a Master of Business Administration from Harvard University. With the appointment of Ms. Melcher, NOV Inc.’s board of directors is now composed of nine directors, eight of whom are independent members. Upcoming Dividend • Nov 30
Upcoming dividend of US$0.05 per share at 1.1% yield Eligible shareholders must have bought the stock before 07 December 2023. Payment date: 22 December 2023. Payout ratio is a comfortable 16% but the company is not cash flow positive. Trailing yield: 1.1%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (4.1%). Duyuru • Nov 17
NOV Inc. Declares Regular Quarterly Dividend, Payable on December 22, 2023 NOV Inc. announced that its Board of Directors declared the regular quarterly cash dividend of $0.05 per share of common stock, payable on December 22, 2023 to each stockholder of record on December 8, 2023. Duyuru • Oct 27
NOV Inc. Announces Executive Changes NOV Inc. announced the retirement of Isaac Joseph, President of Wellbore Technologies, and Kirk Shelton, President of Completion and Production Solutions, effective December 31, 2023. The Energy Equipment segment will consist of NOV’s longer-cycle capital equipment businesses, including Rig Technologies, Intervention and Stimulation Equipment, and other project-based businesses. Energy Equipment will be led by Joe Rovig, President of Rig Technologies. The Energy Products and Services segment will consist of NOV’s shorter-cycle transactional businesses, including Tuboscope pipe coating and inspection, ReedHycalog drill bits, downhole tools and motors, Grant Prideco drill pipe, MD Totco, and NOV Fiberglass Solutions. Scott Livingston has been appointed to serve as the President of Energy Supply and Services. The reorganization and the appointments of Mr. Rovig and Mr. Livingston will be effective January 1, 2024. Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: US$0.29 (vs US$0.082 in 3Q 2022) Third quarter 2023 results: EPS: US$0.29 (up from US$0.082 in 3Q 2022). Revenue: US$2.19b (up 16% from 3Q 2022). Net income: US$114.0m (up 256% from 3Q 2022). Profit margin: 5.2% (up from 1.7% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 132% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Duyuru • Sep 13
NOV Inc. to Report Q3, 2023 Results on Oct 26, 2023 NOV Inc. announced that they will report Q3, 2023 results After-Market on Oct 26, 2023 Upcoming Dividend • Sep 07
Upcoming dividend of US$0.05 per share at 0.9% yield Eligible shareholders must have bought the stock before 14 September 2023. Payment date: 29 September 2023. Payout ratio is a comfortable 19% but the company is not cash flow positive. Trailing yield: 0.9%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (4.1%). Duyuru • Aug 18
NOV Inc. Declares Regular Quarterly Cash Dividend, Payable on September 29, 2023 NOV Inc. announced that its Board of Directors declared the regular quarterly cash dividend of $0.05 per share of common stock, payable on September 29, 2023 to each stockholder of record on September 15, 2023. Reported Earnings • Jul 27
Second quarter 2023 earnings released: EPS: US$0.39 (vs US$0.18 in 2Q 2022) Second quarter 2023 results: EPS: US$0.39 (up from US$0.18 in 2Q 2022). Revenue: US$2.09b (up 21% from 2Q 2022). Net income: US$155.0m (up 125% from 2Q 2022). Profit margin: 7.4% (up from 4.0% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 123% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Duyuru • Jun 14
NOV Inc. to Report Q2, 2023 Results on Jul 26, 2023 NOV Inc. announced that they will report Q2, 2023 results After-Market on Jul 26, 2023 Upcoming Dividend • Jun 08
Upcoming dividend of US$0.05 per share at 1.3% yield Eligible shareholders must have bought the stock before 15 June 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 24% but the company is not cash flow positive. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (4.5%). Buying Opportunity • May 30
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 32%. The fair value is estimated to be €17.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.6% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 6.1% per annum. Earnings is also forecast to grow by 16% per annum over the same time period. Valuation Update With 7 Day Price Move • May 04
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €13.50, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the Energy Services industry in Europe. Total returns to shareholders of 21% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €16.94 per share. Buying Opportunity • May 03
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 36%. The fair value is estimated to be €17.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.6% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 6.5% per annum. Earnings is also forecast to grow by 15% per annum over the same time period. Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: US$0.32 (vs US$0.13 loss in 1Q 2022) First quarter 2023 results: EPS: US$0.32 (up from US$0.13 loss in 1Q 2022). Revenue: US$1.96b (up 27% from 1Q 2022). Net income: US$126.0m (up US$176.0m from 1Q 2022). Profit margin: 6.4% (up from net loss in 1Q 2022). Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 128% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Mar 24
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 15%. The fair value is estimated to be €19.91, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.3% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 8.6% per annum. Earnings is also forecast to grow by 29% per annum over the same time period. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €17.40, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 11x in the Energy Services industry in Europe. Total returns to shareholders of 106% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €19.62 per share. Upcoming Dividend • Mar 09
Upcoming dividend of US$0.05 per share at 0.9% yield Eligible shareholders must have bought the stock before 16 March 2023. Payment date: 31 March 2023. Payout ratio is a comfortable 50% but the company is not cash flow positive. Trailing yield: 0.9%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (3.7%). Recent Insider Transactions • Mar 05
Independent Director recently sold €427k worth of stock On the 28th of February, Eric Mattson sold around 21k shares on-market at roughly €20.63 per share. This transaction amounted to 35% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.1m more than they bought in the last 12 months. Reported Earnings • Feb 08
Full year 2022 earnings released: EPS: US$0.40 (vs US$0.65 loss in FY 2021) Full year 2022 results: EPS: US$0.40 (up from US$0.65 loss in FY 2021). Revenue: US$7.24b (up 31% from FY 2021). Net income: US$155.0m (up US$405.0m from FY 2021). Profit margin: 2.1% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 117% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Duyuru • Dec 03
NOV Inc. to Report Q4, 2022 Results on Feb 06, 2023 NOV Inc. announced that they will report Q4, 2022 results After-Market on Feb 06, 2023 Upcoming Dividend • Dec 01
Upcoming dividend of US$0.05 per share Eligible shareholders must have bought the stock before 08 December 2022. Payment date: 23 December 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 0.9%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (3.6%). Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 6 highly experienced directors. Independent Director Robert Welborn was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Nov 04
President of Wellbore Technologies recently sold €58k worth of stock On the 1st of November, Isaac Joseph sold around 3k shares on-market at roughly €23.07 per share. This transaction amounted to 1.5% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €197k. Insiders have been net sellers, collectively disposing of €484k more than they bought in the last 12 months. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: US$0.082 (vs US$0.18 loss in 3Q 2021) Third quarter 2022 results: EPS: US$0.082 (up from US$0.18 loss in 3Q 2021). Revenue: US$1.89b (up 41% from 3Q 2021). Net income: US$32.0m (up US$101.0m from 3Q 2021). Profit margin: 1.7% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Duyuru • Sep 09
NOV Inc. to Report Q3, 2022 Results on Oct 27, 2022 NOV Inc. announced that they will report Q3, 2022 results After-Market on Oct 27, 2022 Upcoming Dividend • Sep 08
Upcoming dividend of US$0.05 per share Eligible shareholders must have bought the stock before 15 September 2022. Payment date: 30 September 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.1%). Recent Insider Transactions • Sep 01
Independent Director recently sold €197k worth of stock On the 29th of August, Gregory Armstrong sold around 10k shares on-market at roughly €19.01 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €475k more than they bought in the last 12 months. Duyuru • Aug 18
NOV Inc. Declares Regular Quarterly Cash Dividend, Payable on September 30, 2022 NOV Inc. announced that its Board of Directors declared the regular quarterly cash dividend of $0.05 per share of common stock, payable on September 30, 2022 to each stockholder of record on September 16, 2022. Reported Earnings • Jul 28
Second quarter 2022 earnings released: EPS: US$0.18 (vs US$0.067 loss in 2Q 2021) Second quarter 2022 results: EPS: US$0.18 (up from US$0.067 loss in 2Q 2021). Revenue: US$1.73b (up 22% from 2Q 2021). Net income: US$69.0m (up US$95.0m from 2Q 2021). Profit margin: 4.0% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the next year, revenue is forecast to grow 17%, compared to a 20% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Buying Opportunity • Jun 18
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 5.8%. The fair value is estimated to be €20.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 19% over the last 3 years. Earnings per share has grown by 63%. Duyuru • Jun 10
NOV Inc. to Report Q2, 2022 Results on Jul 27, 2022 NOV Inc. announced that they will report Q2, 2022 results After-Market on Jul 27, 2022 Upcoming Dividend • Jun 02
Upcoming dividend of US$0.05 per share Eligible shareholders must have bought the stock before 09 June 2022. Payment date: 24 June 2022. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (4.2%). Lower than average of industry peers (3.4%). Recent Insider Transactions • May 28
Independent Director recently sold €176k worth of stock On the 25th of May, Eric Mattson sold around 10k shares on-market at roughly €17.93 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €278k more than they bought in the last 12 months. Duyuru • May 26
NOV Inc. Declares Regular Quarterly Cash Dividend, Payable on June 24, 2022 NOV Inc. announced that its Board of Directors declared the regular quarterly cash dividend of $0.05 per share of common stock, payable on June 24, 2022 to each stockholder of record on June 10, 2022. Reported Earnings • Apr 30
First quarter 2022 earnings released: US$0.13 loss per share (vs US$0.30 loss in 1Q 2021) First quarter 2022 results: US$0.13 loss per share (up from US$0.30 loss in 1Q 2021). Revenue: US$1.55b (up 24% from 1Q 2021). Net loss: US$50.0m (loss narrowed 56% from 1Q 2021). Over the next year, revenue is forecast to grow 20%, compared to a 19% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 6 highly experienced directors. Independent Director Robert Welborn was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.