NOV (NYSE:NOV) Stock Rating Lowered by Atb Cap Markets

Atb Cap Markets lowered shares of NOV (NYSE:NOV) from a strong-buy rating to a hold rating in a research report sent to investors on Tuesday morning,Zacks.com reports. Atb Cap Markets also issued estimates for NOV’s Q2 2025 earnings at $0.35 EPS, Q3 2025 earnings at $0.36 EPS, Q4 2025 earnings at $0.36 EPS, FY2025 earnings at $1.39 EPS, Q2 2026 earnings at $0.41 EPS, Q3 2026 earnings at $0.42 EPS, FY2026 earnings at $1.59 EPS and FY2027 earnings at $1.76 EPS.

Other equities research analysts have also recently issued research reports about the stock. BMO Capital Markets cut their price target on shares of NOV from $22.00 to $20.00 and set a “market perform” rating on the stock in a report on Thursday, October 10th. JPMorgan Chase & Co. cut their price target on shares of NOV from $23.00 to $22.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Stifel Nicolaus cut their price target on shares of NOV from $25.00 to $24.00 and set a “buy” rating on the stock in a report on Monday, October 28th. Barclays cut their price target on shares of NOV from $17.00 to $16.00 and set an “underweight” rating on the stock in a report on Tuesday, October 29th. Finally, TD Cowen dropped their target price on shares of NOV from $28.00 to $22.00 and set a “buy” rating on the stock in a report on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $20.64.

NOV Price Performance

Shares of NYSE NOV opened at $15.10 on Tuesday. NOV has a fifty-two week low of $14.94 and a fifty-two week high of $21.23. The company has a 50 day simple moving average of $15.87 and a two-hundred day simple moving average of $17.14. The company has a market capitalization of $5.87 billion, a price-to-earnings ratio of 5.57, a P/E/G ratio of 0.87 and a beta of 1.66. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.65 and a current ratio of 2.57.

NOV Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 1.99%. The ex-dividend date of this dividend is Friday, December 6th. NOV’s dividend payout ratio is presently 11.07%.

Insider Activity

In other NOV news, Director David D. Harrison sold 1,784 shares of NOV stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $16.10, for a total value of $28,722.40. Following the sale, the director now directly owns 110,951 shares in the company, valued at approximately $1,786,311.10. The trade was a 1.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.85% of the company’s stock.

Hedge Funds Weigh In On NOV

A number of institutional investors and hedge funds have recently made changes to their positions in NOV. Tidal Investments LLC boosted its stake in shares of NOV by 20.8% during the 3rd quarter. Tidal Investments LLC now owns 21,200 shares of the oil and gas exploration company’s stock worth $339,000 after purchasing an additional 3,645 shares during the period. Barclays PLC boosted its stake in shares of NOV by 120.1% during the 3rd quarter. Barclays PLC now owns 473,545 shares of the oil and gas exploration company’s stock worth $7,561,000 after purchasing an additional 258,392 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in shares of NOV during the 3rd quarter worth about $1,713,000. XTX Topco Ltd purchased a new position in shares of NOV during the 3rd quarter worth about $955,000. Finally, Wolverine Trading LLC boosted its stake in shares of NOV by 29.1% during the 3rd quarter. Wolverine Trading LLC now owns 17,688 shares of the oil and gas exploration company’s stock worth $283,000 after purchasing an additional 3,988 shares during the period. 93.27% of the stock is owned by hedge funds and other institutional investors.

About NOV

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.