NOV Inc.·Energy

NOV Inc. (NYSE: NOV - Get Free Report) was the target of some unusual options trading on Wednesday. Traders bought 2,616 put options on the company. This represents an increase of 1,353% compared to the typical volume of 180 put options. Analysts Set New Price Targets A number of analysts have recently commented on NOV shares.

NOV shows strong cash flow, balance sheet strength and offshore growth prospects, but faces headwinds from weak wind demand, declining margins and softer global drilling activity.

NOV's $200M Brazil expansion aims to double subsea pipe capacity, tapping rising offshore demand and advancing high-CO2 solutions.

HOUSTON, March 25, 2026 (GLOBE NEWSWIRE) -- NOV Inc. (NYSE: NOV) today announced plans to roughly double the capacity of its subsea flexible pipe manufacturing facility in Açu, Brazil, through a $200 million investment over the next three years.

HOUSTON, March 17, 2026 (GLOBE NEWSWIRE) -- NOV Inc. (NYSE: NOV) announced today that Sanjay Chowbey has been appointed to the Company's Board of Directors (the “Board”), effective March 17, 2026. “We are pleased to welcome Sanjay Chowbey to our board of directors,” said Jose Bayardo, Chairman, President, and Chief Executive Officer.

HOUSTON, March 16, 2026 (GLOBE NEWSWIRE) -- NOV Inc. (NYSE: NOV) will hold a conference call to discuss its first quarter 2026 results on Tuesday, April 28, 2026, at 10 a.m. (Central Time).
NOV Inc. designs, constructs, manufactures, and sells systems, components, and products for oil and gas drilling and production, and industrial and renewable energy sectors worldwide. The company operates through three segments: Wellbore Technologies, Completion & Production Solutions, and Rig Technologies. It also provides solids control and waste management equipment and services; portable power generation products; drill and wired pipes; drilling optimization and automation services; tubular inspection, repair, and coating services; instrumentation; measuring and monitoring services; downhole and fishing tools; steerable technologies; and drill bits. The company offers equipment and technologies for hydraulic fracture stimulation, including downhole multistage fracturing tools, pressure pumping trucks, blenders, sanders, hydration and injection units, flowline, and manifolds; coiled tubing units, and wireline units and tools; connections and liner hangers; onshore production consists of composite pipe, surface transfer and progressive cavity pumps, and artificial lift systems; and offshore production, such as floating production systems and subsea production technologies, as well as manufactures industrial pumps and mixers. It also provides substructures, derricks, and masts; cranes; jacking systems; pipe lifting, racking, rotating, and assembly systems; mud pumps; pressure control equipment; drives and generators; rig instrumentation and control systems; mooring, anchor, and deck handling machinery; equipment components for offshore wind construction vessels; and pipelay and construction systems. NOV Inc. offers spare parts, repair, and rentals as well as comprehensive remote equipment monitoring, technical support, field service, and customer training. The company was formerly known as National Oilwell Varco, Inc. and changed its name to NOV Inc. in January 2021. NOV Inc. was founded in 1862 and is based in Houston, Texas.
Energy
Oil & Gas Equipment & Services
34,010
1996-10-29
0.94