Citigroup cuts target for NOV stock from USD 22.00 to USD 21.00

Published on 10/20/2026 at 20:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

NOV reported USD 2.13 billion in second-quarter revenue, down 2.50 percent year over year. NOV stock costs EUR 16.85 on October 20, 2026.

Analyst target and earnings date

Citigroup lowered its NOV target from USD 22.00 to USD 21.00 on September 30, 2026.
NOV reported USD 2.13 billion in second-quarter revenue, down 2.50 percent year over year.
NOV stock costs EUR 16.85 at Lang & Schwarz on October 20, 2026 at 8:21 p.m. CEST.
NOV is scheduled to report third-quarter results on October 27, 2026.

NOV, US62955J1034, Illustration mit AI erstellt.

Citigroup lowered its price target for NOV from USD 22.00 to USD 21.00 on September 30, 2026, while keeping a neutral rating, according to MarketBeat. NOV stock was at EUR 16.85 at Lang & Schwarz on October 20, 2026 at 8:21 p.m. CEST.

What does the target reset change?

The revised Citigroup target is USD 1.00 below its previous level. MarketBeat also listed a USD 21.23 average target and a Hold consensus from the analysts it tracked on October 20, 2026.

NOV's second-quarter revenue reached USD 2.13 billion, down 2.50 percent from the same quarter a year earlier. Adjusted earnings per share came to USD 0.31, compared with USD 0.17 expected, according to MarketBeat.

Price position and business scale

MarketBeat placed NOV's 12-month range at USD 12.64 to USD 21.93 on October 20, 2026. The same report gave the company a USD 6.70 billion market capitalization and a price-to-earnings ratio of 72.30.

NOV provides equipment and technology for drilling, well construction, completion and production. Its primary listing is on the NYSE under ticker NOV, as identified by MarketBeat.

Results date sets the next checkpoint

NOV is scheduled to report third-quarter 2026 results after the market close on October 27, 2026, with the conference call set for October 28, 2026 at 11:00 a.m. ET, according to MarketBeat. The upcoming report will put the USD 2.13 billion second-quarter revenue base and the USD 0.31 adjusted earnings-per-share result into a new operating-period context.

Target remains above current quote

Citigroup's USD 21.00 target and the USD 21.23 average target provide two separate reference points for the next results update. The current euro quotation remains the immediate market value for German investors.

Current NOV quotation

NOV was trading at EUR 16.85 at Lang & Schwarz on October 20, 2026 at 8:21 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of NOV stock.