NOV (NOV) declared a regular quarterly cash dividend of $0.09 per share, with shareholders of record on September 11, 2026, set to receive payment on September 25, 2026.
The dividend decision comes after NOV reported second quarter 2026 adjusted earnings that exceeded estimates and highlighted new offshore contracts and broader use of its proprietary technologies. Over the past year, the share price return has been strong, and the 1 year total shareholder return of 61.75% suggests momentum has been positive rather than fading.
Scan 44 high quality undervalued stocks that, like NOV, pair earnings strength and established cash returns through dividends for investors watching both momentum and current income potential.
NOV shares have climbed sharply over the past year yet still trade at a double digit intrinsic discount and below analyst targets. Is the market rightly cautious about the recovery story, or slow to reprice it?
NOV last closed at $20.99, while the most followed narrative places fair value at $22.08. That small gap comes from detailed forecasts for growth, margins, and future returns that stretch out over several years.
Ongoing digital transformation across the industry is increasing customer adoption of NOV's automation, robotics, and software-driven solutions. These offerings grow high-margin, recurring revenue streams and are expected to support structural margin expansion over time. (Net margins, recurring earnings)
Read the complete narrative. Read the complete narrative.
Want to see what sits behind that fair value for NOV? The narrative highlights steadily rising revenues, higher margins, and a lower future earnings multiple than many peers. Curious how those moving pieces add up to that $22.08 figure?
Result: Fair Value of $22.08 (UNDERVALUED)
Have a read of the narrative in full and understand what's behind the forecasts.
However, NOV's story still hinges on offshore and Middle East activity meeting expectations, while tariffs, inflation, and volatile orders could pressure revenue and margins.
Find out about the key risks to this NOV narrative.
While NOV screens as 36.9% below the Simply Wall St estimate of future cash flow value at $33.27, its P/E ratio of 78.8x is far above the US Energy Services industry average of 26x and the fair ratio of 27.4x. That gap points to meaningful valuation risk if expectations reset. Which signal do you weigh more heavily?
Investors who want to stress test that earnings-based view against other metrics can review a detailed valuation breakdown with peer and fair ratio comparisons in the See what the numbers say about this price — find out in our valuation breakdown.
Mixed on NOV after all that, or leaning one way already? Act quickly, review the data for yourself, and weigh NOV's 2 key rewards and 3 important warning signs.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include NOV.
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