NOV cuts Q1 2026 guidance due to Middle East conflict disruptions

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RBC Comments on NOV Inc. (NOV) Post Y'day Downgrade and Co Cutting Guidance

April 15, 2026 9:29 AM EDT

RBC Capital analyst Keith Mackey reiterated a Sector Perform rating and $21.00 price target on NOV Inc. (NYSE: NOV).

The analyst comments "Our view: NOV lowered first quarter guidance as the financial impacts of the Middle East disruptions in March have become known. New EBITDA guidance of $177MM includes a... More