Atb Cap Markets Analysts Decrease Earnings Estimates for NOV

NOV Inc. (NYSE:NOV) – Equities research analysts at Atb Cap Markets reduced their Q1 2026 EPS estimates for NOV in a research note issued to investors on Tuesday, December 10th. Atb Cap Markets analyst W. Syed now anticipates that the oil and gas exploration company will post earnings per share of $0.34 for the quarter, down from their previous estimate of $0.36. Atb Cap Markets 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 a number of other research reports. ATB Capital reissued a “sector perform” rating and issued a $19.00 target price on shares of NOV in a report on Tuesday, December 10th. BMO Capital Markets lowered their price objective on shares of NOV from $22.00 to $20.00 and set a “market perform” rating on the stock in a research note on Thursday, October 10th. Citigroup downgraded shares of NOV from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $21.00 to $18.00 in a report on Monday, November 11th. Barclays reduced their target price on shares of NOV from $17.00 to $16.00 and set an “underweight” rating for the company in a report on Tuesday, October 29th. Finally, Bank of America dropped their price target on shares of NOV from $22.00 to $20.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, NOV has an average rating of “Hold” and an average price target of $20.64.

NOV Price Performance

NYSE NOV opened at $14.97 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.57 and a quick ratio of 1.65. NOV has a 1-year low of $14.83 and a 1-year high of $21.23. The stock has a market capitalization of $5.82 billion, a price-to-earnings ratio of 5.52, a PEG ratio of 0.89 and a beta of 1.66. The business’s fifty day moving average price is $15.84 and its 200-day moving average price is $17.10.

NOV Announces Dividend

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

Insider Buying and Selling

In other NOV news, Director David D. Harrison sold 1,784 shares of the business’s 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 owns 110,951 shares in the company, valued at $1,786,311.10. The trade was a 1.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.85% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On NOV

Several large investors have recently made changes to their positions in NOV. Stanley Laman Group Ltd. bought a new stake in NOV in the second quarter worth $4,031,000. Deprince Race & Zollo Inc. lifted its holdings in shares of NOV by 1,194.1% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,706,017 shares of the oil and gas exploration company’s stock valued at $32,431,000 after acquiring an additional 1,574,188 shares during the last quarter. WINTON GROUP Ltd lifted its holdings in shares of NOV by 1,866.3% in the 2nd quarter. WINTON GROUP Ltd now owns 841,078 shares of the oil and gas exploration company’s stock valued at $15,989,000 after acquiring an additional 798,303 shares during the last quarter. International Assets Investment Management LLC increased its stake in NOV by 1,590.1% during the third quarter. International Assets Investment Management LLC now owns 2,907 shares of the oil and gas exploration company’s stock worth $46,000 after acquiring an additional 2,735 shares during the last quarter. Finally, TCW Group Inc. raised its position in NOV by 59.6% during the second quarter. TCW Group Inc. now owns 112,201 shares of the oil and gas exploration company’s stock valued at $2,133,000 after purchasing an additional 41,890 shares during the period. 93.27% of the stock is owned by institutional investors.

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.