Zacks Research Issues Negative Estimate for NOV Earnings

NOV Inc. (NYSE:NOV) – Research analysts at Zacks Research decreased their Q1 2025 earnings per share estimates for NOV in a report issued on Thursday, April 3rd. Zacks Research analyst R. Department now anticipates that the oil and gas exploration company will post earnings per share of $0.25 for the quarter, down from their previous forecast of $0.27. The consensus estimate for NOV’s current full-year earnings is $1.40 per share. Zacks Research also issued estimates for NOV’s Q1 2025 earnings at $0.25 EPS, Q2 2025 earnings at $0.32 EPS, Q2 2025 earnings at $0.32 EPS, Q3 2025 earnings at $0.35 EPS, Q3 2025 earnings at $0.35 EPS, Q4 2025 earnings at $0.41 EPS, Q4 2025 earnings at $0.41 EPS, FY2025 earnings at $1.33 EPS, FY2025 earnings at $1.33 EPS, Q1 2026 earnings at $0.27 EPS, Q1 2026 earnings at $0.27 EPS, Q1 2027 earnings at $0.48 EPS, Q1 2027 earnings at $0.48 EPS and FY2027 earnings at $1.82 EPS.

NOV (NYSE:NOV) last released its earnings results on Tuesday, February 4th. The oil and gas exploration company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.06. NOV had a net margin of 7.16% and a return on equity of 9.88%.

Other equities research analysts have also issued research reports about the stock. ATB Capital restated a “sector perform” rating and set a $19.00 price target on shares of NOV in a report on Tuesday, December 10th. Piper Sandler boosted their target price on shares of NOV from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Monday, February 10th. Barclays upped their target price on NOV from $12.00 to $13.00 and gave the company an “underweight” rating in a report on Tuesday, February 18th. Seaport Res Ptn cut shares of NOV from a “strong-buy” rating to a “hold” rating in a report on Sunday, January 5th. Finally, Royal Bank of Canada raised shares of NOV from a “sector perform” rating to an “outperform” rating and set a $22.00 price target on the stock in a research note on Monday, March 24th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $19.60.

NOV Trading Down 10.9 %

Shares of NOV opened at $11.92 on Friday. The company has a current ratio of 2.46, a quick ratio of 1.64 and a debt-to-equity ratio of 0.26. NOV has a 1-year low of $11.66 and a 1-year high of $21.20. The stock has a market capitalization of $4.54 billion, a P/E ratio of 7.40, a P/E/G ratio of 1.02 and a beta of 1.34. The business’s 50-day moving average price is $14.91 and its 200 day moving average price is $15.34.

NOV Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 2.52%. The ex-dividend date of this dividend was Friday, March 14th. NOV’s payout ratio is 18.63%.

Institutional Trading of NOV

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Mariner LLC grew its holdings in NOV by 2.9% during the fourth quarter. Mariner LLC now owns 24,201 shares of the oil and gas exploration company’s stock valued at $353,000 after purchasing an additional 672 shares during the period. Signaturefd LLC increased its position in shares of NOV by 41.3% in the 4th quarter. Signaturefd LLC now owns 2,587 shares of the oil and gas exploration company’s stock valued at $38,000 after buying an additional 756 shares in the last quarter. Huntington National Bank raised its stake in NOV by 88.7% during the 4th quarter. Huntington National Bank now owns 2,200 shares of the oil and gas exploration company’s stock worth $32,000 after buying an additional 1,034 shares during the period. ProShare Advisors LLC lifted its holdings in NOV by 6.1% during the fourth quarter. ProShare Advisors LLC now owns 18,204 shares of the oil and gas exploration company’s stock worth $266,000 after acquiring an additional 1,042 shares in the last quarter. Finally, Coppell Advisory Solutions LLC grew its stake in NOV by 20.1% in the fourth quarter. Coppell Advisory Solutions LLC now owns 7,317 shares of the oil and gas exploration company’s stock valued at $106,000 after acquiring an additional 1,225 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.