New insider activity at NOV ( (NOV) ) has taken place on February 24, 2026.
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In a notable wave of insider selling at NOV, Sr. VP & General Counsel Craig Weinstock disposed of 70,000 shares of NOV stock in a transaction valued at $1,405,200. In a separate move, President – Energy Equipment Joseph Rovig sold 151,086 shares of NOV stock, generating proceeds of $3,045,893. These substantial insider transactions may draw increased attention from investors tracking executive confidence and ownership trends at the company.
Recent Updates on NOV stock
NOV shares reacted to a Q4 print that beat revenue expectations and showcased strong free cash flow and balance sheet strength, even as net income was hit by non‑cash impairments, higher taxes, tariffs and inflation. Management guided to lower 2026 revenue, flat‑to‑slightly lower EBITDA and sharply weaker cash conversion, framing 2026 as an investment‑heavy transition year before an expected offshore‑led upcycle.
Analyst sentiment also shifted as Barclays upgraded NOV, citing the new CEO’s strategy to reposition the portfolio ahead of the next phase of the upstream spending cycle and growing signs of an offshore recovery. These views, combined with solid backlog and momentum in high‑growth subsea and process systems businesses, underpinned recent target revisions despite near‑term aftermarket and short‑cycle softness.
Spark’s Take on NOV Stock
According to Spark, TipRanks’ AI Analyst, NOV is a Neutral.
The score is driven primarily by financially stable fundamentals (strong balance sheet and positive cash generation) but tempered by weakening TTM revenue and margins and guidance for lower 2026 revenue/EBITDA with materially reduced cash conversion. Technicals are supportive with the stock above key moving averages, while valuation is a notable drag due to the high P/E despite a moderate dividend yield.
To see Spark’s full report on NOV stock, click here.
More about NOV
YTD Price Performance: 29.49%
Average Trading Volume: 4,279,241
Technical Sentiment Signal: Buy
Current Market Cap: $7.2B