NOV Price Prediction Next Week
Technical Analysis:
Based on the latest technical indicators for NOV, the stock shows bearish momentum in the short term:
- RSI (14) at 49.79 indicates neutral momentum but trending lower
- MACD shows weak positive momentum with small positive divergence (MACD 0.21, Signal 0.19)
- Stock trading below key moving averages:
- Below SMA 200 (16.66) and SMA 250 (17.00)
- Currently at 15.28, down 2.18% in latest session
Price Targets & Support/Resistance:
- Fibonacci levels indicate:
- Resistance: R1 at 16.44, R2 at 16.78, R3 at 17.33
- Support: S1 at 15.35, S2 at 15.01, S3 at 14.46
- Pivot point at 15.90
Recent Analyst Views:
Multiple analysts have recently adjusted their ratings:
- Raymond James: Outperform, PT $19
- RBC Capital: Sector Perform, PT $22
- Barclays: Underweight, PT $12
- Citigroup: Neutral, PT $18
Fundamental Factors:
- Latest quarterly results showed:
- Revenue: $2.31B (vs $2.34B year ago)
- Net profit: $160M (vs $598M year ago)
- Negative insider sentiment with increased selling activity
Price Prediction for Next Week:
Based on technical analysis and current market conditions:
- Bearish scenario (60% probability): Test of S2 at 15.01
- Base case (30% probability): Range-bound between 15.28-15.90
- Bullish scenario (10% probability): Bounce to R1 at 16.44
Recommendation: SELL
The stock shows deteriorating technicals, weakening fundamentals, and negative insider sentiment. Traders should consider selling positions with stops above 16.44.
NOV Similar Chart Price Prediction
The price of NOV is predicted to go up 3.7%, based on the high correlation periods with HCI. The similarity of these two price pattern on the periods is 93.6%.
NOV
HCI
Up: 3.7%Similarity: 93.6%
NOV Revenue Forecast
NOV EPS Forecast
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NOV VS S&P500
Increased production activity and diminished excess inventory will increase demand for NOV's highly profitable rig aftermarket services.
NOV's large installed base will help protect revenue from future downturns in the inherently cyclical oil and gas market.
NOV holds significant share in the waste management end market, which could gain importance as E&P firms seek to clean up well operations.
NOV Analyst's Forecast
Luke Lemoine
Piper Sandler
Hold
2025-02-10
Price Target
$17 → $18
Upside
+12.99%
Piper Sandler analyst Derek Podhaizer raised the firm's price target on NOV Inc. to $18 from $17 and keeps a Neutral rating on the shares following quarterly results. A number of puts and takes across NAM, International, and Offshore is leading to a flattish 2025 environment for NOV. The ongoing offshore drilling white space is expected to negatively impact both aftermarket and capital equipment, resulting in Energy Equipment topline to decline low single digits year-over-year and book-to-bill to step back closer to 1-turns vs. 1.2-turns in 2024, Piper adds.
James Rollyson
Raymond James
Buy
2025-02-06
Price Target
$18 → $19
Upside
+22.74%
James West
Evercore ISI Group
Buy → Hold
2025-01-15
Price Target
$25 → $18
Upside
+18.66%
