Zacks Research Brokers Reduce Earnings Estimates for NOV

NOV Inc. (NYSE:NOV) – Investment analysts at Zacks Research reduced their Q1 2025 earnings per share (EPS) estimates for shares of NOV in a report released on Monday, October 21st. Zacks Research analyst N. Choudhury now forecasts that the oil and gas exploration company will post earnings of $0.33 per share for the quarter, down from their prior forecast of $0.34. The consensus estimate for NOV’s current full-year earnings is $1.64 per share. Zacks Research also issued estimates for NOV’s Q3 2026 earnings at $0.45 EPS.

A number of other research analysts also recently issued reports on the company. TD Cowen lifted their price target on NOV from $27.00 to $28.00 and gave the company a “buy” rating in a report on Monday, July 29th. Royal Bank of Canada restated a “sector perform” rating and set a $24.00 target price on shares of NOV in a research note on Monday, July 29th. Evercore ISI upgraded NOV to a “strong-buy” rating in a research note on Friday, July 26th. Benchmark restated a “hold” rating on shares of NOV in a research note on Friday, July 26th. Finally, Piper Sandler dropped their price target on NOV from $22.00 to $20.00 and set a “neutral” rating on the stock in a research note on Monday, July 15th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.57.

NOV Trading Down 0.8 %

Shares of NYSE:NOV opened at $15.28 on Tuesday. NOV has a 12-month low of $15.16 and a 12-month high of $21.23. The business’s fifty day simple moving average is $16.64 and its 200-day simple moving average is $17.92. The company has a market capitalization of $6.04 billion, a PE ratio of 6.19, a P/E/G ratio of 0.47 and a beta of 1.67. The company has a current ratio of 2.61, a quick ratio of 1.64 and a debt-to-equity ratio of 0.27.

NOV (NYSE:NOV) last announced its quarterly earnings results on Thursday, July 25th. The oil and gas exploration company reported $0.57 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $2.19 billion. During the same period last year, the business posted $0.39 EPS. The business’s revenue was up 5.9% compared to the same quarter last year.

NOV Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date was Friday, September 13th. NOV’s dividend payout ratio is presently 12.05%.

Institutional Trading of NOV

Institutional investors and hedge funds have recently modified their holdings of the stock. Rothschild Investment LLC purchased a new stake in NOV during the 2nd quarter worth approximately $28,000. Riverview Trust Co purchased a new position in NOV in the 1st quarter valued at $39,000. American National Bank & Trust purchased a new position in NOV in the 3rd quarter valued at $39,000. International Assets Investment Management LLC lifted its holdings in NOV by 1,590.1% in the 3rd quarter. International Assets Investment Management LLC now owns 2,907 shares of the oil and gas exploration company’s stock valued at $46,000 after purchasing an additional 2,735 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV purchased a new position in NOV in the 2nd quarter valued at $78,000. Hedge funds and other 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.