Nov Inc’s shares approached a 52-week high on Friday, trading at $21.65, just 0.99% below the peak of $21.68 recorded earlier in the session.
The energy equipment manufacturer’s stock has gained 62.23% over the past year, lifting its market capitalization to $7.66 billion. InvestingPro data indicates the company is currently trading above fair value and carries a dividend yield of 2.14%, with a track record of paying dividends for 18 consecutive years.
The latest advance follows stronger-than-expected second-quarter results for 2026. Adjusted earnings per share reached $0.31, surpassing Wall Street’s forecast of $0.17 and exceeding expectations by 82.35%. Revenue totaled $2.13 billion, topping the projected $2.08 billion. Management cited improved operational performance, sequential revenue growth, and a $40 million tariff refund as key drivers behind the beat.
