Atb Cap Markets Issues Negative Outlook for NOV Earnings

NOV Inc. (NYSE:NOV) – Stock analysts at Atb Cap Markets reduced their Q1 2026 EPS estimates for NOV in a research report issued on Tuesday, December 10th. Atb Cap Markets analyst W. Syed now forecasts that the oil and gas exploration company will post earnings per share of $0.34 for the quarter, down from their previous forecast of $0.36. Atb Cap Markets currently has a “Hold” rating on the stock. The consensus estimate for NOV’s current full-year earnings is $1.59 per share.

NOV has been the topic of several other research reports. JPMorgan Chase & Co. lowered their price objective on shares of NOV from $23.00 to $22.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. ATB Capital reaffirmed a “sector perform” rating and issued a $19.00 price target on shares of NOV in a report on Tuesday. Stifel Nicolaus cut their price objective on NOV from $25.00 to $24.00 and set a “buy” rating for the company in a research report on Monday, October 28th. Susquehanna decreased their target price on NOV from $22.00 to $21.00 and set a “positive” rating on the stock in a report on Monday, October 28th. Finally, TD Cowen reduced their target price on NOV from $28.00 to $22.00 and set a “buy” rating for the company in a report on Monday, October 28th. Two 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $20.64.

NOV Price Performance

NYSE:NOV opened at $14.98 on Friday. The company has a quick ratio of 1.65, a current ratio of 2.57 and a debt-to-equity ratio of 0.26. The business’s 50-day moving average price is $15.84 and its 200 day moving average price is $17.11. NOV has a 52-week low of $14.83 and a 52-week high of $21.23. The firm has a market cap of $5.83 billion, a P/E ratio of 5.53, a PEG ratio of 0.89 and a beta of 1.66.

NOV Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be issued a $0.075 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.30 dividend on an annualized basis and a yield of 2.00%. NOV’s dividend payout ratio is currently 11.07%.

Insider Activity at NOV

In other NOV news, Director David D. Harrison sold 1,784 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $16.10, for a total value of $28,722.40. Following the completion of the sale, the director now owns 110,951 shares of the company’s stock, valued at $1,786,311.10. The trade was a 1.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.85% of the company’s stock.

Institutional Investors Weigh In On NOV

Large investors have recently added to or reduced their stakes in the stock. Truist Financial Corp lifted its position in shares of NOV by 3.4% during the 2nd quarter. Truist Financial Corp now owns 29,729 shares of the oil and gas exploration company’s stock worth $565,000 after purchasing an additional 991 shares during the last quarter. HM Payson & Co. lifted its holdings in shares of NOV by 2.1% during the 3rd quarter. HM Payson & Co. now owns 49,000 shares of the oil and gas exploration company’s stock worth $783,000 after acquiring an additional 1,000 shares during the period. KBC Group NV boosted its position in shares of NOV by 11.8% during the 3rd quarter. KBC Group NV now owns 11,060 shares of the oil and gas exploration company’s stock valued at $177,000 after acquiring an additional 1,163 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its position in NOV by 2.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 51,567 shares of the oil and gas exploration company’s stock worth $980,000 after purchasing an additional 1,164 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in NOV by 7.1% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 18,960 shares of the oil and gas exploration company’s stock worth $360,000 after purchasing an additional 1,261 shares during the period. Institutional investors own 93.27% of the company’s stock.

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.