Nov Inc’s shares approached a 52-week high on Monday, trading at $21.65, just 0.99% below the annual peak of $21.68. The energy equipment manufacturer has gained 62.23% over the past year, according to data compiled at the time of reporting.
The company’s Q2 2026 adjusted earnings of $0.31 per share exceeded Wall Street forecasts of $0.17 per share by 82.35%, while revenue reached $2.13 billion, surpassing the projected $2.08 billion. Improved operational performance and a sequential revenue increase contributed to the results, alongside a $40 million tariff refund.
Nov Inc’s market capitalization stands at $7.66 billion. The stock is trading above fair value, according to InvestingPro analysis, though it maintains a dividend yield of 2.14% following 18 consecutive years of payouts.
