Why Nov Inc. (NOV) is a Top Value Stock for the Long-Term

Company Overview - NOV Inc., formerly known as National Oilwell Varco, is a leading company in the design, manufacture, and sale of systems, components, products, and equipment for oil and gas drilling and production globally [7]. - The company focuses on proprietary technologies aimed at reducing the industry's marginal cost per barrel [7]. Investment Ratings - NOV is currently rated as a 3 (Hold) on the Zacks Rank, indicating a neutral outlook [7]. - The company has a VGM Score of A, reflecting strong overall performance across value, growth, and momentum metrics [7][8]. Value Metrics - NOV has a Value Style Score of A, supported by a forward P/E ratio of 10.99, which is attractive for value investors [7]. - The Zacks Consensus Estimate for NOV's earnings per share for fiscal 2024 has increased by $0.04 to $1.60, following upward revisions from six analysts in the last 60 days [7]. Earnings Performance - NOV has demonstrated an average earnings surprise of 22.1%, indicating a history of exceeding earnings expectations [7].