NOV
Market read
NOV accounts for 11.3% of the group's measured movement across 7.2 effective names. raw member direction is mixed; 7 of 12 session-normalized paths align to the downside. Capital-flow agreement is 9%, so confirmation is not yet clean. No verified headline preceded the measured group move.
BP, CNQ, VG moved materially before NOV. NOV crossed its material path threshold at 10:00 ET, 20 minutes after the first measured mover. VIST, AESI, BORR followed.
5 of 14 members in Oil & Gas are active. 0 of 1 disclosed connections are confirming.
Invalidation: The live read weakens if participation falls to 4 of 14 members or fewer.
Research brief
NOV accounts for 11.3% of the group's measured movement across 7.2 effective names. raw member direction is mixed; 7 of 12 session-normalized paths align to the downside. Capital-flow agreement is 9%, so confirmation is not yet clean. No verified headline preceded the measured group move.
No thresholded supportive filing evidence is available yet.
Company research
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
No credible peer-relative valuation comparison is available yet.
Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
“The effective tax rate for the six months ended June 30, 2025 was positively impacted by the release of previously recorded reserves for unrecognized tax benefits of $ 58 million, partially offset by an increase to reserves for unrecognized tax benefits of $…”10-Q · Jul 29, 2026 ↗
“19 Oil & Gas Equipment and Services Market and Outlook Macroeconomic and geopolitical uncertainty remains elevated due to the conflict in the Middle East.”10-Q · Jul 29, 2026 ↗
“Strong execution on backlog for capital equipment more than offset a 12 percent decline in sales of aftermarket parts and services, which were negatively impacted by delivery delays resulting from logistics challenges in the Middle East.”10-Q · Apr 28, 2026 ↗
“Corporate costs remained relatively flat compared to the second quarter of 2025, while corporate costs increased 14 percent on a year-to-date basis primarily due to a non-recurring charge related to stock-based compensation during the first quarter of 2026 an…”10-Q · Jul 29, 2026 ↗
Valuation discipline
Jodie found no industry-matched filing peers suitable for a valuation comparison. It will not substitute broader financial-sector names.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
Jodie has not returned a relevant primary source or news item for NOV. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment · baseline
10-Q filed 2026-04-28 against the comparable filing from 2025-04-29.
No thresholded improvement was identified.
“26 The following table summarizes our net cash provided by (used in) continuing operating activities, continuing investing activities and continuing financing activities for the periods presented (in millions): Three Months Ended March 31, 2026 2025 Net cash provided by (used in) operating activities $ (26 ) $ 135 Net cash used in investing activities (64 ) (81 ) Net cash used in financing activities (115 ) (135 ) Significant uses of cash during the first three months of 2026 • Cash flows used in operating activities were $26 million, primarily driven by changes in the primary components of our working capital (receivables, inventories, accounts payable, and accrued liabilities).”
“The change in expense was primarily due to larger foreign currency fluctuations in the prior year, particularly with the devaluation of the U.S.”
“The decline in sales is primarily due to pricing pressures for oil country tubular goods which led to lower profitability year-over-year.”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Business ecosystem
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
“On September 29, 2025, and October 7, 2025, in the lawsuits against Halliburton, Ulterra and Varel, the district court issued rulings, the effect of which is that NOV cannot collect royalties under the License Agreements after the date each licensee stopped m…”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 2 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
NOV is currently a Participant in the organic co-movement group Oil & Gas. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 1 filing-linked name are in the relationship map; none is currently confirmed as moving with the group.
Context history
No durable theme membership has been observed for this name yet.