Zacks Research Has Positive Forecast for NOV Q2 Earnings

NOV Inc. (NYSE:NOV) – Zacks Research lifted their Q2 2026 earnings per share estimates for shares of NOV in a research report issued on Thursday, April 3rd. Zacks Research analyst R. Department now forecasts that the oil and gas exploration company will earn $0.37 per share for the quarter, up from their prior estimate of $0.36. The consensus estimate for NOV’s current full-year earnings is $1.40 per share. Zacks Research also issued estimates for NOV’s Q3 2026 earnings at $0.38 EPS, Q4 2026 earnings at $0.42 EPS and FY2026 earnings at $1.44 EPS.

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

NOV has been the subject of a number of other research reports. Barclays upped their price objective on NOV from $12.00 to $13.00 and gave the company an “underweight” rating in a report on Tuesday, February 18th. Piper Sandler boosted their target price on NOV from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Monday, February 10th. Seaport Res Ptn downgraded shares of NOV from a “strong-buy” rating to a “hold” rating in a research note on Sunday, January 5th. ATB Capital reaffirmed a “sector perform” rating and set a $19.00 price target on shares of NOV in a research report on Tuesday, December 10th. Finally, Atb Cap Markets cut NOV from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $19.60.

NOV Stock Down 0.3 %

NYSE NOV opened at $11.94 on Monday. The stock has a fifty day moving average of $14.85 and a 200-day moving average of $15.29. The stock has a market capitalization of $4.55 billion, a P/E ratio of 7.41, a price-to-earnings-growth ratio of 1.02 and a beta of 1.35. NOV has a 52 week low of $11.24 and a 52 week high of $21.20. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.64 and a current ratio of 2.46.

NOV Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a dividend of $0.075 per share. The ex-dividend date was Friday, March 14th. This represents a $0.30 dividend on an annualized basis and a yield of 2.51%. NOV’s dividend payout ratio is presently 18.63%.

Institutional Investors Weigh In On NOV

A number of large investors have recently made changes to their positions in the business. Harbor Capital Advisors Inc. boosted its holdings in NOV by 10.8% in the fourth quarter. Harbor Capital Advisors Inc. now owns 581,446 shares of the oil and gas exploration company’s stock valued at $8,489,000 after acquiring an additional 56,665 shares in the last quarter. Greenhaven Associates Inc. lifted its position in shares of NOV by 61.7% in the 4th quarter. Greenhaven Associates Inc. now owns 3,291,042 shares of the oil and gas exploration company’s stock worth $48,049,000 after purchasing an additional 1,255,666 shares during the period. Barclays PLC raised its stake in NOV by 120.1% in the third quarter. Barclays PLC now owns 473,545 shares of the oil and gas exploration company’s stock worth $7,561,000 after buying an additional 258,392 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in NOV by 10.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 16,983 shares of the oil and gas exploration company’s stock valued at $271,000 after acquiring an additional 1,656 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in shares of NOV by 5.6% in the 4th quarter. SG Americas Securities LLC now owns 397,149 shares of the oil and gas exploration company’s stock worth $5,798,000 after acquiring an additional 20,952 shares in the last quarter. 93.27% of the stock is currently 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.