Brokers Set Expectations for NOV’s Q1 Earnings (NYSE:NOV)

NOV Inc. (NYSE:NOV) – Griffin Securities cut their Q1 2025 earnings per share (EPS) estimates for NOV in a report issued on Monday, February 10th. Griffin Securities analyst K. Simpson now forecasts that the oil and gas exploration company will post earnings of $0.32 per share for the quarter, down from their prior estimate of $0.33. The consensus estimate for NOV’s current full-year earnings is $1.42 per share. Griffin Securities also issued estimates for NOV’s Q2 2025 earnings at $0.34 EPS, Q3 2025 earnings at $0.36 EPS, Q4 2025 earnings at $0.43 EPS and FY2025 earnings at $1.45 EPS.

Other analysts also recently issued research reports about the company. Raymond James raised their price objective on NOV from $18.00 to $19.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Wells Fargo & Company dropped their price objective on shares of NOV from $16.00 to $15.00 and set an “underweight” rating for the company in a research note on Monday, November 4th. TD Cowen reduced their price objective on shares of NOV from $28.00 to $22.00 and set a “buy” rating for the company in a report on Monday, October 28th. ATB Capital reissued a “sector perform” rating and issued a $19.00 target price on shares of NOV in a research note on Tuesday, December 10th. Finally, Susquehanna cut their price target on shares of NOV from $22.00 to $21.00 and set a “positive” rating for the company in a research note on Monday, October 28th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $19.53.

NOV Stock Performance

NYSE NOV opened at $16.00 on Wednesday. NOV has a 52-week low of $13.94 and a 52-week high of $21.20. The firm has a market capitalization of $6.23 billion, a price-to-earnings ratio of 9.94, a P/E/G ratio of 1.00 and a beta of 1.64. The company’s fifty day moving average is $14.91 and its two-hundred day moving average is $16.05. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.46 and a quick ratio of 1.65.

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

Insider Activity

In other news, Director David D. Harrison sold 1,784 shares of NOV stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $16.10, for a total value of $28,722.40. Following the completion of the sale, the director now directly owns 110,951 shares of the company’s stock, valued at approximately $1,786,311.10. This trade represents a 1.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.85% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Huntington National Bank grew its holdings in shares of NOV by 88.7% in the 4th quarter. Huntington National Bank now owns 2,200 shares of the oil and gas exploration company’s stock valued at $32,000 after buying an additional 1,034 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in NOV by 1.7% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 308,080 shares of the oil and gas exploration company’s stock worth $4,498,000 after acquiring an additional 5,019 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of NOV in the fourth quarter worth about $70,000. Geode Capital Management LLC raised its position in shares of NOV by 4.7% during the fourth quarter. Geode Capital Management LLC now owns 6,697,650 shares of the oil and gas exploration company’s stock worth $97,815,000 after purchasing an additional 302,009 shares during the period. Finally, National Bank of Canada FI bought a new position in shares of NOV during the 4th quarter valued at about $10,678,000. 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.