NOV Inc. (NOV) PT Raised to $17 at Raymond James

Raymond James analyst James Rollyson raised the price target on NOV Inc. (NYSE: NOV) to $17.00 (from $16.00) while maintaining a Outperform rating.

The analyst comments "It was a quality quarter for NOV, as results came in modestly better than expected, thanks to a strong Energy Equipment (EE) result in capital equipment that offset weakness elsewhere. Nearterm results will continue to be impacted by weaker activity levels around the globe with whatever oil-price related impacts may come over the next few quarters. Thankfully, NOV is well-positioned with a strong balance sheet, solid FCF generation, and a cycle record 3Q25-ending backlog to weather the storm until a late 2026/early 2027 anticipated improvement. CEO Clay Williams laid out a scenario where the company could be firing on most cylinders to break out of the ~$1 billion EBITDA range, with offshore (deepwater) and international unconventional development taking over the lead role from U.S. shale. As the valuation remains historically compelling with a strong FCF yield, we’re sticking with our Outperform rating and a slightly boosted target price of $17/ share. This remains more of a 2027 story, the visibility of which should unfold over the coming months."

You May Also Be Interested In

• Stripe, Advent In Talks To Buy Paypal - WSJ
• Intuitive Machines Inc. (LUNR) PT Lowered to $32 at Cantor Fitzgerald, Reaffirms Overweight Rating
• Freedom Broker Upgrades Lifeway Foods (LWAY) to Buy