Nov Inc. experienced a price decline of 5.17% and crossed below its 20-day SMA amid broader market weakness, with the Nasdaq-100 down 0.18% and the S&P 500 down 0.41%.
This decline comes despite Nov Inc.'s strategic investment in Natura Resources, where it sold its advanced nuclear development company Shepherd Power and signed a supply chain agreement to support Natura's deployment of molten salt reactor units. The COO of Nov highlighted the significant growth opportunities in the power market over the next decade, indicating a strong future outlook for the company.
The collaboration with Natura positions Nov Inc. to leverage its manufacturing expertise in a growing sector, potentially enhancing its market influence and addressing critical energy needs in the coming years.
Wall Street analysts forecast NOV stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for NOV is 17.27 USD with a low forecast of 14.00 USD and a high forecast of 22.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Analyst Rating
Wall Street analysts forecast NOV stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for NOV is 17.27 USD with a low forecast of 14.00 USD and a high forecast of 22.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Buy
5 Hold
2 Sell
Hold
Current: 18.380
Low
14.00
Averages
17.27
High
22.00
Current: 18.380
Low
14.00
Averages
17.27
High
22.00
Susquehanna
Charles Minervino
Positive
maintain
$17 -> $20
2026-01-07
Reason
Susquehanna
Charles Minervino
Price Target
$17 -> $20
AI Analysis
2026-01-07
maintain
Positive
Reason
Susquehanna analyst Charles Minervino raised the firm's price target on NOV Inc. to $20 from $17 and keeps a Positive rating on the shares. With U.S. rig and frac spread count flattish from Q3 levels heading into Q4 earnings season for the oilfield services sector, U.S. drilling and completions activity "appears to have held in better than most were expecting," the analyst tells investors in a group preview.
TD Cowen
Marc Bianchi
Buy
maintain
$19 -> $22
2026-01-07
Reason
TD Cowen
Marc Bianchi
Price Target
$19 -> $22
2026-01-07
maintain
Buy
Reason
TD Cowen analyst Marc Bianchi raised the firm's price target on NOV Inc. to $22 from $19 and keeps a Buy rating on the shares. The firm adjusted targets in the oilfield services group as part of a Q4 preview. Many oilfield stocks have responded positively to the capture of Nicolas Maduro, anticipating increased oilfield investment in Venezuela, the analyst tells investors in a research note. However, TD thinks it will take a long time and require a lot of guarantees from the U.S. government for U.S. companies to commit capital. It says the stock rallies on the news may be overdone. However, many names in the group remain "cheap," the firm adds.
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Piper Sandler
Derek Podhaizer
Neutral
maintain
$14 -> $17
2025-12-18
Reason
Piper Sandler
Derek Podhaizer
Price Target
$14 -> $17
2025-12-18
maintain
Neutral
Reason
Piper Sandler analyst Derek Podhaizer raised the firm's price target on NOV Inc. to $17 from $14 and keeps a Neutral rating on the shares. The firm says that while 2025 was a challenge, the industry once again exemplified their tenacity, focusing inward and leaning into new growth avenues. As Piper focuses on 2026, it stays selective, but is encouraged by cyclical tailwinds beginning to mount, including Saudi Arabia/Mexico returning to work and a bottoming U.S. Land market, while Offshore eyes a 2027 recovery.
Barclays
Underweight
maintain
$13 -> $15
2025-12-17
Reason
Barclays
Price Target
$13 -> $15
2025-12-17
maintain
Underweight
Reason
Barclays raised the firm's price target on NOV Inc. to $15 from $13 and keeps an Underweight rating on the shares. The firm adjusted targets in the energy services group as part of its 2026 outlook. Barclays' spending report shows the cycle plateau extending a third year, which keeps the firm neutral on the sector. However, it is optimistic the second half of the cycle is "around the corner."
About NOV
NOV Inc. is an independent provider of equipment and technology to the upstream oil and gas industry. The Company's proprietary technology portfolio supports the industry’s drilling, completion, and production needs. It operates under two segments: Energy Products and Services, and Energy Equipment. The Company’s Energy Products and Services segment primarily designs, manufactures, rents, and sells products and equipment used in drilling, intervention, completion, and production activities. Its products include drill bits, downhole tools, premium drill pipe, drilling fluids, managed pressure drilling, integral and weld-on connectors for conductor strings and surface casing, completion tools, and artificial lift systems. Its Energy Equipment segment manufactures and supports the capital equipment and integrated systems needed for oil and gas exploration and production, both onshore and offshore, as well as for other marine-based, industrial and renewable energy markets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
