Did NOV's (NOV) Global Partnership with Soiltech Signal a Shift in Drilling Waste Management Strategy?

Simply Wall St.11-16

Soiltech recently announced it has entered a Memorandum of Understanding with NOV to collaborate globally on selected projects in drilling waste management, combining their technologies for customer ...

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Partnership with Soiltech Signal a Shift in Drilling Waste Management Strategy?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-11-16 19:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://simplywall.st/stocks/us/energy/nyse-nov/nov/news/did-novs-nov-global-partnership-with-soiltech-signal-a-shift><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Soiltech recently announced it has entered a Memorandum of Understanding with NOV to collaborate globally on selected projects in drilling waste management, combining their technologies for customer ...</p>\n\n<a href=\"https://simplywall.st/stocks/us/energy/nyse-nov/nov/news/did-novs-nov-global-partnership-with-soiltech-signal-a-shift\">Source 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waste management, combining their technologies for customer solutions. \nThis partnership underscores the increasing importance of innovative and customized waste management offerings as the energy sector addresses environmental and operational challenges.\nWe'll explore how NOV's global collaboration with Soiltech on drilling waste management could...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7503":"科技股","LU2238339852.HKD":"NINETY ONE GSF GLOBAL ENVIRONMENT \"A\" (HKD) ACC","LU1974910355.USD":"Allianz Thematica Cl AMg DIS USD","LU1989772840.SGD":"CPR Invest - Climate Action A2 Acc SGD-H","NOV":"华高","LU2211814178.USD":"ALLIANZ CLEAN PLANET \"AT\" (USD) ACC","NOV.AU":"NOVATTI GROUP LTD","LU1623119135.USD":"Natixis Mirova Global Sustainable Equity R-NPF/A USD","LU0289960550.SGD":"AB FCP I - GLOBAL EQUITY BLEND PORTFOLIO 'A' (SGD) ACC","LU1892829315.USD":"FIDELITY FUNDS SUSTAINABLE WATER & WASTE \"A\" 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This partnership underscores the increasing importance of innovative and customized waste management offerings as the energy sector addresses environmental and operational challenges. We'll explore how NOV's global collaboration with Soiltech on drilling waste management could influence its long-term industry positioning and growth strategy. We've found 16 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free.AdvertisementNOV Investment Narrative Recap To be a shareholder in NOV today, you need to be confident in a long-term recovery in global oil and gas activity and NOV’s pivot toward higher-value services, even as near-term challenges weigh on financial results. The recent Soiltech agreement could strengthen NOV’s environmental technology offering, but is unlikely to offset short-term margin pressures or revenue declines driven by lower North American demand, delayed projects, and customer price sensitivity. The most important short-term catalyst, an improvement in large project bookings and backlog, remains unchanged, while the risk of continued market volatility still looms.\n  Against this backdrop, NOV’s recent Q3 2025 earnings announcement is especially relevant. Sales and earnings both declined year-over-year, and guidance points to further revenue weakness in Q4. This underlines the importance for shareholders of monitoring how the new Soiltech partnership might contribute to NOV’s differentiation in a market where capital spending remains under tight scrutiny.\n  In contrast, investors should be aware that end-market volatility and margin pressure mean short-term results may not reflect the longer-term potential...\n Read the full narrative on NOV (it's free!)NOV's outlook anticipates $9.0 billion in revenue and $546.3 million in earnings by 2028. This is based on a forecast annual revenue decline of 0.7% and an earnings increase of $75 million from current earnings of $471.0 million.Uncover how NOV's forecasts yield a $16.15 fair value, a 3% upside to its current price.Exploring Other PerspectivesNOV Community Fair Values as at Nov 2025  Six different fair value estimates from the Simply Wall St Community range from US$16.15 to US$28.02 per share. While many see upside, near-term risks like volatile order cycles and delayed projects highlight why your view on NOV’s future may differ from the crowd.\nExplore 6 other fair value estimates on NOV - why the stock might be worth just $16.15!Build Your Own NOV NarrativeDisagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.A great starting point for your NOV research is our analysis highlighting 3 key rewards and 2 important warning signs that could impact your investment decision.Our free NOV research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate NOV's overall financial health at a glance.Ready For A Different Approach?Our daily scans reveal stocks with breakout potential. Don't miss this chance:The end of cancer? These 29 emerging AI stocks are developing tech that will allow early identification of life changing diseases like cancer and Alzheimer's.Trump's oil boom is here - pipelines are primed to profit. Discover the 22 US stocks riding the wave.This technology could replace computers: discover 26 stocks that are working to make quantum computing a reality.  This article by Simply Wall St is general in nature. We provide commentary based on historical data\n    and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your\n    financial situation. We aim to bring you long-term focused analysis driven by fundamental data.\n    Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.\n    Simply Wall St has no position in any stocks mentioned.Valuation is complex, but we're here to simplify it.Discover if NOV might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.Access Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. 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