Zacks Research Has Bearish Forecast for NOV Q1 Earnings

NOV Inc. (NYSE:NOV) – Equities researchers at Zacks Research reduced their Q1 2025 earnings per share estimates for shares of NOV in a note issued to investors on Thursday, April 3rd. Zacks Research analyst R. Department now anticipates that the oil and gas exploration company will earn $0.25 per share for the quarter, down from their prior forecast of $0.27. The consensus estimate for NOV’s current full-year earnings is $1.40 per share. Zacks Research also issued estimates for NOV’s Q1 2025 earnings at $0.25 EPS, Q2 2025 earnings at $0.32 EPS, Q2 2025 earnings at $0.32 EPS, Q3 2025 earnings at $0.35 EPS, Q3 2025 earnings at $0.35 EPS, Q4 2025 earnings at $0.41 EPS, Q4 2025 earnings at $0.41 EPS, FY2025 earnings at $1.33 EPS, FY2025 earnings at $1.33 EPS, Q1 2026 earnings at $0.27 EPS, Q1 2026 earnings at $0.27 EPS, Q1 2027 earnings at $0.48 EPS, Q1 2027 earnings at $0.48 EPS and FY2027 earnings at $1.82 EPS.

A number of other equities analysts have also recently issued reports on the stock. ATB Capital restated a “sector perform” rating and set a $19.00 target price on shares of NOV in a research report on Tuesday, December 10th. Barclays lifted their price objective on NOV from $12.00 to $13.00 and gave the stock an “underweight” rating in a research report on Tuesday, February 18th. Seaport Res Ptn cut NOV from a “strong-buy” rating to a “hold” rating in a report on Sunday, January 5th. Royal Bank of Canada raised NOV from a “sector perform” rating to an “outperform” rating and set a $22.00 price target for the company in a report on Monday, March 24th. Finally, Raymond James increased their price objective on NOV from $18.00 to $19.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, NOV has an average rating of “Hold” and an average target price of $19.60.

NOV Price Performance

NOV stock opened at $11.92 on Friday. The firm has a market capitalization of $4.54 billion, a PE ratio of 7.40, a P/E/G ratio of 1.02 and a beta of 1.34. NOV has a 52 week low of $11.66 and a 52 week high of $21.20. The firm’s 50-day simple moving average is $14.91 and its 200 day simple moving average is $15.34. The company has a quick ratio of 1.64, a current ratio of 2.46 and a debt-to-equity ratio of 0.26.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Harbor Capital Advisors Inc. boosted its position in shares of NOV by 10.8% during the fourth quarter. Harbor Capital Advisors Inc. now owns 581,446 shares of the oil and gas exploration company’s stock worth $8,489,000 after buying an additional 56,665 shares during the period. Greenhaven Associates Inc. boosted its position in NOV by 61.7% during the 4th quarter. Greenhaven Associates Inc. now owns 3,291,042 shares of the oil and gas exploration company’s stock worth $48,049,000 after acquiring an additional 1,255,666 shares during the period. Barclays PLC boosted its position in NOV by 120.1% during the 3rd quarter. Barclays PLC now owns 473,545 shares of the oil and gas exploration company’s stock worth $7,561,000 after acquiring an additional 258,392 shares during the period. Weiss Asset Management LP bought a new position in shares of NOV in the third quarter worth $35,709,000. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of NOV by 10.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 16,983 shares of the oil and gas exploration company’s stock valued at $271,000 after purchasing an additional 1,656 shares in the last quarter. 93.27% of the stock is owned by institutional investors and hedge funds.

NOV Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 2.52%. The ex-dividend date of this dividend was Friday, March 14th. NOV’s dividend payout ratio is presently 18.63%.

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.