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NOV, Inc. (NOV) provides equipment and technology to the upstream oil and gas industry. 
It operates through the following segments: Rig Technologies, Wellbore Technologies, and Completion and Production Solutions.
The Rig Technologies segment focuses on the engineering, manufacturing, and support of advanced drilling equipment packages and related capital equipment for oil and gas wells.
It also designs, builds, installs, and supports renewable energy equipment and technology, with a focus on wind and solar.
The Wellbore Technologies segment is involved in the critical technologies, equipment, and services required to maximize customer oil and gas drilling efficiencies and economics.
The Completion and Production Solutions segment optimizes the well completion process and production phase of a well’s lifecycle. Shares are heading higher in an upward trading channel. Presently shares are the lower boundary of the said channel which coincides with the stock's 50-day moving average.
Ob July 26th, NOV reported earnings of $0.39 per share on revenue of $2.09 billion for the second quarter ended June 2023. The consensus earnings estimate was $0.30 per share on revenue of $2.08 billion. The company beat consensus estimates by 30.00% while revenue grew 21.19% on a year-over-year basis.
Higher share prices are expected.
Entry Point: $20.00
Stop Loss: $19.00
Trading Range: $14.05 to $24.83
Target Price: $22.00
