FY2025 EPS Estimates for NOV Inc. (NYSE:NOV) Lifted by Zacks Research

NOV Inc. (NYSE:NOV) – Stock analysts at Zacks Research upped their FY2025 earnings per share estimates for NOV in a report released on Tuesday, September 10th. Zacks Research analyst N. Choudhury now forecasts that the oil and gas exploration company will post earnings of $1.62 per share for the year, up from their prior estimate of $1.57. The consensus estimate for NOV’s current full-year earnings is $1.63 per share. Zacks Research also issued estimates for NOV’s Q4 2025 earnings at $0.46 EPS and Q2 2026 earnings at $0.53 EPS.

NOV has been the subject of a number of other reports. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $24.00 price objective on shares of NOV in a research note on Monday, July 29th. Bank of America lowered their target price on NOV from $24.00 to $22.00 and set a “buy” rating for the company in a research note on Monday, July 15th. Benchmark reissued a “hold” rating on shares of NOV in a research note on Friday, July 26th. Barclays boosted their target price on NOV from $17.00 to $20.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 30th. Finally, TD Cowen boosted their target price on NOV from $27.00 to $28.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $24.58.

NOV Trading Down 0.4 %

Shares of NYSE NOV opened at $15.86 on Thursday. NOV has a twelve month low of $15.47 and a twelve month high of $21.71. The company has a current ratio of 2.61, a quick ratio of 1.64 and a debt-to-equity ratio of 0.27. The stock has a fifty day simple moving average of $18.01 and a 200-day simple moving average of $18.38. The stock has a market capitalization of $6.24 billion, a PE ratio of 6.37, a PEG ratio of 0.47 and a beta of 1.67.

NOV (NYSE:NOV) last issued its quarterly earnings data on Thursday, July 25th. The oil and gas exploration company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.22. NOV had a return on equity of 10.97% and a net margin of 11.88%. The business had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.19 billion. During the same period in the previous year, the firm posted $0.39 earnings per share. The company’s revenue was up 5.9% on a year-over-year basis.

Hedge Funds Weigh In On NOV

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Pzena Investment Management LLC grew its holdings in shares of NOV by 0.3% in the 2nd quarter. Pzena Investment Management LLC now owns 35,175,886 shares of the oil and gas exploration company’s stock worth $668,694,000 after acquiring an additional 103,238 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of NOV by 40.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 12,138,093 shares of the oil and gas exploration company’s stock worth $230,743,000 after acquiring an additional 3,470,860 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of NOV by 67.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 9,928,911 shares of the oil and gas exploration company’s stock worth $188,749,000 after acquiring an additional 3,989,095 shares during the period. Balyasny Asset Management L.P. grew its holdings in shares of NOV by 769.1% in the 4th quarter. Balyasny Asset Management L.P. now owns 6,166,061 shares of the oil and gas exploration company’s stock worth $125,048,000 after acquiring an additional 5,456,581 shares during the period. Finally, Boston Partners acquired a new stake in shares of NOV in the 1st quarter worth approximately $119,686,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

NOV Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend is Friday, September 13th. NOV’s payout ratio is 12.05%.

NOV Company Profile

NOV Inc designs, constructs, manufactures, and sells systems, components, and products for oil and gas drilling and production, and industrial and renewable energy sectors in the United States and internationally. It operates through two segments, Energy Equipment, and Energy Products and Services. The company provides solids control and waste management equipment and services, managed pressure drilling, drilling fluids, premium drillpipe, wired pipe, drilling optimization services, tubular inspection and coating services, instrumentation, downhole tools, and drill bits.