J.P. Morgan analyst Arun Jayaram maintains $NOV Inc (NOV.US)$ with a buy rating, and adjusts the target price from $22 to $20.
According to TipRanks data, the analyst has a success rate of 52.3% and a total average return of 8.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $NOV Inc (NOV.US)$'s main analysts recently are as follows:
The cycle is believed to continue to benefit NOV Inc., with expectations that the company's emphasis on enhancing its supply chain and profit capabilities will augment cash flows. This improvement is anticipated to facilitate a swifter return of cash to shareholders.
NOV Inc.'s third quarter performance, characterized by adjusted EBITDA and strong free cash flow, is expected to bolster the company's comprehensive capital return plan. This framework, highlighted by a substantial dividend increase, a significant share repurchase program, and an additional dividend, aims to distribute an annual total equal to 50% of the free cash flow to its shareholders.
The company's fourth-quarter guidance was more disappointing than anticipated due to a mix that affects margins, and indications point to a slow first half of the year as offshore drilling clients might reduce expenditures in the face of contract interruptions.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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摩根大通分析師Arun Jayaram維持$華高 (NOV.US)$買入評級,並將目標價從22美元下調至20美元。
根據TipRanks數據顯示,該分析師近一年總勝率為52.3%,總平均回報率為8.5%。
此外,綜合報道,$華高 (NOV.US)$近期主要分析師觀點如下:
相信這一週期將繼續使華高受益,預計公司重點加強供應鏈和利潤能力將增強現金流。預計這一改善將有助於更快地將現金返還給股東。
華高第三季度的表現以調整後的EBITDA和強勁的自由現金流爲特徵,預計將支撐公司全面的資本回報計劃。這一框架突出了大幅增加股息、重要的股份回購計劃和額外的股息,旨在將年度總額的50%自由現金流分配給股東。
由於影響利潤率的組合,公司第四季度的預期指引比預期更令人失望,跡象表明,隨着合同中斷,海上鑽井客戶可能會減少支出,導致年初的前半年緩慢。
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