Seaport Res Ptn Analysts Decrease Earnings Estimates for NOV

NOV Inc. (NYSE:NOV) – Stock analysts at Seaport Res Ptn decreased their Q1 2025 earnings estimates for shares of NOV in a research report issued to clients and investors on Monday, February 10th. Seaport Res Ptn analyst T. Curran now expects that the oil and gas exploration company will post earnings per share of $0.24 for the quarter, down from their prior estimate of $0.38. Seaport Res Ptn has a “Hold” rating on the stock. The consensus estimate for NOV’s current full-year earnings is $1.42 per share. Seaport Res Ptn also issued estimates for NOV’s FY2025 earnings at $1.35 EPS.

A number of other research firms have also weighed in on NOV. ATB Capital reaffirmed a “sector perform” rating and set a $19.00 price target on shares of NOV in a report on Tuesday, December 10th. Evercore ISI reissued an “in-line” rating and set a $18.00 price objective (down from $25.00) on shares of NOV in a report on Wednesday, January 15th. Stifel Nicolaus decreased their price objective on shares of NOV from $25.00 to $24.00 and set a “buy” rating for the company in a report on Monday, October 28th. Barclays decreased their price objective on shares of NOV from $16.00 to $12.00 and set an “underweight” rating for the company in a report on Wednesday, December 18th. Finally, Susquehanna decreased their price objective on shares of NOV from $22.00 to $21.00 and set a “positive” rating for the company in a report on Monday, October 28th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $19.53.

NOV Price Performance

NOV opened at $15.92 on Thursday. The company has a fifty day simple moving average of $14.91 and a 200 day simple moving average of $16.05. The firm has a market cap of $6.19 billion, a price-to-earnings ratio of 9.89, a PEG ratio of 1.00 and a beta of 1.64. NOV has a twelve month low of $13.94 and a twelve month high of $21.20. The company has a current ratio of 2.46, a quick ratio of 1.65 and a debt-to-equity ratio of 0.26.

NOV (NYSE:NOV) last released its quarterly earnings results on Tuesday, February 4th. The oil and gas exploration company reported $0.41 earnings per share for the quarter, beating 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%.

Institutional Trading of NOV

Several hedge funds have recently bought and sold shares of NOV. Truist Financial Corp lifted its position in NOV by 3.4% in the 2nd quarter. Truist Financial Corp now owns 29,729 shares of the oil and gas exploration company’s stock valued at $565,000 after purchasing an additional 991 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in NOV in the 2nd quarter valued at about $285,000. nVerses Capital LLC bought a new stake in NOV in the 3rd quarter valued at about $487,000. DiNuzzo Private Wealth Inc. lifted its position in NOV by 10,701.6% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 6,913 shares of the oil and gas exploration company’s stock valued at $110,000 after purchasing an additional 6,849 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in NOV by 851.1% in the 3rd quarter. Blue Trust Inc. now owns 5,859 shares of the oil and gas exploration company’s stock valued at $94,000 after purchasing an additional 5,243 shares during the last quarter. 93.27% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director David D. Harrison sold 1,784 shares of NOV stock in a transaction dated 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 directly owns 110,951 shares in the company, valued at $1,786,311.10. This trade represents a 1.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.85% 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.