Griffin Securities Has Negative Estimate for NOV Q1 Earnings

NOV Inc. (NYSE:NOV) – Investment analysts at Griffin Securities dropped their Q1 2025 earnings per share estimates for NOV in a report issued on Monday, February 10th. Griffin Securities analyst K. Simpson now anticipates that the oil and gas exploration company will post earnings of $0.32 per share for the quarter, down from their prior estimate of $0.33. The consensus estimate for NOV’s current full-year earnings is $1.42 per share. Griffin Securities also issued estimates for NOV’s Q2 2025 earnings at $0.34 EPS, Q3 2025 earnings at $0.36 EPS, Q4 2025 earnings at $0.43 EPS and FY2025 earnings at $1.45 EPS.

NOV has been the topic of a number of other research reports. Barclays decreased their price target on shares of NOV from $16.00 to $12.00 and set an “underweight” rating on the stock in a research note on Wednesday, December 18th. Citigroup lowered NOV from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $21.00 to $18.00 in a research note on Monday, November 11th. Atb Cap Markets downgraded NOV from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Royal Bank of Canada increased their price objective on NOV from $21.00 to $22.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 6th. Finally, Raymond James boosted their target price on shares of NOV from $18.00 to $19.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, NOV has a consensus rating of “Hold” and a consensus price target of $19.53.

NOV Price Performance

NYSE:NOV opened at $16.00 on Wednesday. The company has a market cap of $6.23 billion, a P/E ratio of 9.94, a P/E/G ratio of 1.00 and a beta of 1.64. The firm’s fifty day moving average price is $14.91 and its two-hundred day moving average price is $16.05. NOV has a one year low of $13.94 and a one year high of $21.20. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.46 and a quick ratio of 1.65.

NOV (NYSE:NOV) last released its quarterly earnings data on Tuesday, February 4th. The oil and gas exploration company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.06. NOV had a return on equity of 9.88% and a net margin of 7.16%.

Insider Transactions at NOV

In related news, Director David D. Harrison sold 1,784 shares of NOV stock in a transaction that occurred 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 transaction, the director now directly owns 110,951 shares of the company’s stock, valued at $1,786,311.10. This trade represents a 1.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.85% of the stock is currently owned by insiders.

Institutional Investors Weigh In On NOV

Large investors have recently modified their holdings of the business. Pzena Investment Management LLC lifted its position in shares of NOV by 22.3% during the 3rd quarter. Pzena Investment Management LLC now owns 43,027,106 shares of the oil and gas exploration company’s stock worth $687,143,000 after buying an additional 7,851,220 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its stake in shares of NOV by 23.1% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 37,153,173 shares of the oil and gas exploration company’s stock worth $593,336,000 after buying an additional 6,963,660 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of NOV by 12,344.0% during the fourth quarter. Pacer Advisors Inc. now owns 12,309,433 shares of the oil and gas exploration company’s stock worth $179,718,000 after buying an additional 12,210,514 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of NOV by 4.7% in the 4th quarter. Geode Capital Management LLC now owns 6,697,650 shares of the oil and gas exploration company’s stock valued at $97,815,000 after acquiring an additional 302,009 shares during the last quarter. Finally, Van ECK Associates Corp boosted its stake in shares of NOV by 22.1% during the fourth quarter. Van ECK Associates Corp now owns 5,182,044 shares of the oil and gas exploration company’s stock valued at $75,658,000 after purchasing an additional 938,866 shares in the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

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.