Zacks Research Has Negative Outlook for NOV Q1 Earnings

NOV Inc. (NYSE:NOV) – Stock analysts at Zacks Research decreased their Q1 2025 earnings estimates for shares of NOV in a research report issued to clients and investors on Tuesday, February 25th. Zacks Research analyst N. Choudhury now forecasts that the oil and gas exploration company will earn $0.27 per share for the quarter, down from their previous estimate of $0.29. The consensus estimate for NOV’s current full-year earnings is $1.40 per share. Zacks Research also issued estimates for NOV’s Q1 2026 earnings at $0.28 EPS, Q2 2026 earnings at $0.36 EPS, Q3 2026 earnings at $0.36 EPS, Q4 2026 earnings at $0.40 EPS, FY2026 earnings at $1.40 EPS and FY2027 earnings at $1.80 EPS.

A number of other equities research analysts have also weighed in on the stock. Seaport Res Ptn lowered shares of NOV from a “strong-buy” rating to a “hold” rating in a report on Sunday, January 5th. Royal Bank of Canada raised their price objective on shares of NOV from $21.00 to $22.00 and gave the company a “sector perform” rating in a report on Thursday, February 6th. Wells Fargo & Company reduced their price objective on shares of NOV from $16.00 to $15.00 and set an “underweight” rating on the stock in a report on Monday, November 4th. Barclays raised their price objective on shares of NOV from $12.00 to $13.00 and gave the company an “underweight” rating in a report on Tuesday, February 18th. Finally, Raymond James increased their target price on shares of NOV from $18.00 to $19.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $19.60.

NOV Price Performance

NOV stock opened at $15.02 on Thursday. The firm has a market cap of $5.72 billion, a PE ratio of 9.33, a price-to-earnings-growth ratio of 1.02 and a beta of 1.64. NOV has a 52-week low of $13.94 and a 52-week high of $21.20. The company has a quick ratio of 1.64, a current ratio of 2.46 and a debt-to-equity ratio of 0.26. The company’s 50 day moving average is $15.00 and its two-hundred day moving average is $15.81.

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

NOV Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 2.00%. The ex-dividend date is Friday, March 14th. NOV’s dividend payout ratio (DPR) is 18.63%.

Hedge Funds Weigh In On NOV

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pacer Advisors Inc. grew its holdings in shares of NOV by 12,344.0% during the fourth quarter. Pacer Advisors Inc. now owns 12,309,433 shares of the oil and gas exploration company’s stock worth $179,718,000 after buying an additional 12,210,514 shares in the last quarter. Pzena Investment Management LLC grew its holdings in NOV by 22.3% in the third quarter. Pzena Investment Management LLC now owns 43,027,106 shares of the oil and gas exploration company’s stock valued at $687,143,000 after purchasing an additional 7,851,220 shares during the period. Hotchkis & Wiley Capital Management LLC grew its holdings in NOV by 23.1% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 37,153,173 shares of the oil and gas exploration company’s stock valued at $593,336,000 after purchasing an additional 6,963,660 shares during the period. First Pacific Advisors LP purchased a new stake in NOV in the fourth quarter valued at approximately $39,495,000. Finally, Weiss Asset Management LP purchased a new stake in NOV in the third quarter valued at approximately $35,709,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

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.