Reconfirming the rating despite the target trim being $22

Nov Inc. (NYSE: Nov) is one of them Very cheap stock on paper. On July 16, 2025, Stiffel analyst Stephen Gengaro maintained his purchase rating in November, lowering its price target from $23 to $22, showing a strong conviction for the company’s trajectory, even amid a modest short-term adjustment. This goal means upside down around 70% from the current level, at around $13.97, placing November as the top pick for underrated investors in the energy equipment space.

Stifel’s reconfirmation will arrive even after a rough stretch in November. The recent quarterly revenue was disappointing. This is the reduction in EPS and softness and softness of demand for drilling and well technology in the offshore and land markets. However, the continued confidence of analysts suggests their belief in cost discipline, technical momentum, and rebound-backed recovery in upstream drilling activities.

Formerly Oil Well Barco, Nov Inc. is a heavyweight based in Houston for oilfield services and equipment. Its business spans rig technology, wellboatech and supply chain solutions for upstream exploration and production. With a global reach of over 500 service centers, we support leading oil and gas operators around the world through equipment rental, manufacturing, engineering and digital services.

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Read next: 30 stocks that double in three years and 11 Hidden AI Strains Buy Now.

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