Zacks Research Has Optimistic Outlook of NOV Q4 Earnings

NOV Inc. (NYSE:NOV) – Analysts at Zacks Research upped their Q4 2025 EPS estimates for shares of NOV in a research note issued to investors on Tuesday, February 25th. Zacks Research analyst N. Choudhury now anticipates that the oil and gas exploration company will post earnings per share of $0.38 for the quarter, up from their prior forecast of $0.37. The consensus estimate for NOV’s current full-year earnings is $1.40 per share.

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

Other research analysts have also recently issued reports about the stock. Wells Fargo & Company decreased their target price on shares of NOV from $16.00 to $15.00 and set an “underweight” rating for the company in a report on Monday, November 4th. Barclays lifted their target price on shares of NOV from $12.00 to $13.00 and gave the stock an “underweight” rating in a report on Tuesday, February 18th. Citigroup cut shares of NOV from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $21.00 to $18.00 in a report on Monday, November 11th. Seaport Res Ptn cut shares of NOV from a “strong-buy” rating to a “hold” rating in a report on Sunday, January 5th. Finally, Royal Bank of Canada lifted their target price on shares of NOV from $21.00 to $22.00 and gave the stock a “sector perform” rating in a report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $19.60.

NOV Trading Down 0.4 %

Shares of NYSE NOV opened at $14.93 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.46 and a quick ratio of 1.64. The stock has a market cap of $5.68 billion, a P/E ratio of 9.27, a price-to-earnings-growth ratio of 1.02 and a beta of 1.64. NOV has a 1 year low of $13.94 and a 1 year high of $21.20. The firm has a 50-day moving average of $15.01 and a 200 day moving average of $15.77.

NOV Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.30 annualized dividend and a yield of 2.01%. NOV’s dividend payout ratio (DPR) is 18.63%.

Institutional Trading of NOV

Large investors have recently added to or reduced their stakes in the business. Huntington National Bank grew its position in NOV by 88.7% during the fourth 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. Covestor Ltd grew its position in NOV by 282.9% during the fourth quarter. Covestor Ltd now owns 2,240 shares of the oil and gas exploration company’s stock valued at $33,000 after buying an additional 1,655 shares during the period. UMB Bank n.a. grew its position in NOV by 222.3% during the fourth quarter. UMB Bank n.a. now owns 2,337 shares of the oil and gas exploration company’s stock valued at $34,000 after buying an additional 1,612 shares during the period. Quarry LP bought a new stake in NOV during the third quarter valued at approximately $36,000. Finally, Signaturefd LLC grew its position in NOV by 41.3% during the fourth quarter. Signaturefd LLC now owns 2,587 shares of the oil and gas exploration company’s stock valued at $38,000 after buying an additional 756 shares during the period. 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.