Atb Cap Markets Issues Pessimistic Estimate for NOV Earnings

NOV Inc. (NYSE:NOV) – Investment analysts at Atb Cap Markets cut their Q2 2025 earnings estimates for NOV in a research report issued on Tuesday, December 10th. Atb Cap Markets analyst W. Syed now expects that the oil and gas exploration company will post earnings per share of $0.35 for the quarter, down from their previous forecast of $0.37. Atb Cap Markets currently has a “Hold” rating on the stock. The consensus estimate for NOV’s current full-year earnings is $1.59 per share. Atb Cap Markets also issued estimates for NOV’s Q3 2025 earnings at $0.36 EPS, Q4 2025 earnings at $0.36 EPS, FY2025 earnings at $1.39 EPS, Q2 2026 earnings at $0.41 EPS, Q3 2026 earnings at $0.42 EPS, FY2026 earnings at $1.59 EPS and FY2027 earnings at $1.76 EPS.

A number of other equities research analysts have also issued reports on the stock. ATB Capital reaffirmed a “sector perform” rating and set a $19.00 target price on shares of NOV in a report on Tuesday. BMO Capital Markets dropped their price objective on shares of NOV from $22.00 to $20.00 and set a “market perform” rating for the company in a research note on Thursday, October 10th. Bank of America cut their price objective on shares of NOV from $22.00 to $20.00 and set a “buy” rating for the company in a report on Monday, October 14th. Stifel Nicolaus lowered their target price on NOV from $25.00 to $24.00 and set a “buy” rating on the stock in a report on Monday, October 28th. Finally, TD Cowen cut their price target on NOV from $28.00 to $22.00 and set a “buy” rating for the company in a report on Monday, October 28th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $20.64.

NOV Stock Performance

Shares of NYSE:NOV opened at $15.10 on Thursday. The business’s 50 day moving average price is $15.87 and its 200-day moving average price is $17.14. NOV has a 1 year low of $14.94 and a 1 year high of $21.23. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.57 and a quick ratio of 1.65. The firm has a market capitalization of $5.87 billion, a PE ratio of 5.57, a P/E/G ratio of 0.87 and a beta of 1.66.

Institutional Investors Weigh In On NOV

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Tidal Investments LLC raised its position in shares of NOV by 20.8% during the 3rd quarter. Tidal Investments LLC now owns 21,200 shares of the oil and gas exploration company’s stock worth $339,000 after acquiring an additional 3,645 shares in the last quarter. Barclays PLC increased 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 valued at $7,561,000 after purchasing an additional 258,392 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in NOV in the third quarter valued at approximately $1,713,000. XTX Topco Ltd acquired a new stake in NOV during the third quarter worth approximately $955,000. Finally, Wolverine Trading LLC lifted its position in shares of NOV by 29.1% during the 3rd quarter. Wolverine Trading LLC now owns 17,688 shares of the oil and gas exploration company’s stock worth $283,000 after buying an additional 3,988 shares during the last quarter. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director David D. Harrison sold 1,784 shares of the firm’s 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 sale, the director now 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 Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.85% of the company’s stock.

NOV Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be given a $0.075 dividend. The ex-dividend date is Friday, December 6th. This represents a $0.30 annualized dividend and a yield of 1.99%. NOV’s dividend payout ratio is presently 11.07%.

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.