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NOV: Shares Still A Value Ahead Of Earnings, At A Key Spot Technically

Mar. 27, 2023 11:36 AM ETNOV Inc. (NOV)


  • Oil prices are off the lows following a lack of negative news over the last few days.
  • The Energy sector remains priced low compared to earnings; I see shares of NOV as a continued value with impressive EPS growth ahead.
  • With an earnings date in late April, I highlight an important price on the chart to monitor.

Oil rig offshore drilling platform and support vessel

Sergei Dubrovskii

Oil prices fell below the pivotal $70 spot last week. With no extra shoes dropping over the past weekend, WTI managed to climb back above that psychologically important price, but the bears still appear in control. As a result, many Energy sector stocks have

Oil Breaks $70


NOV: Earnings, Valuation, Free Cash Flow Forecasts

BofA Global Research

Corporate Event Risk Calendar

Wall Street Horizon

NOV: Mixed Earnings History, Somewhat Pricey Options


NOV: Shares Nearing Uptrend Support


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