Zacks Research Weighs in on NOV’s Q1 Earnings (NYSE:NOV)

NOV Inc. (NYSE:NOV) – Zacks Research lowered their Q1 2025 earnings per share estimates for NOV in a research report issued on Monday, October 21st. Zacks Research analyst N. Choudhury now forecasts that the oil and gas exploration company will post earnings per share of $0.33 for the quarter, down from their prior estimate of $0.34. The consensus estimate for NOV’s current full-year earnings is $1.64 per share. Zacks Research also issued estimates for NOV’s Q3 2026 earnings at $0.45 EPS.

A number of other analysts have also issued reports on NOV. Barclays decreased their price objective on NOV from $20.00 to $17.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 16th. Benchmark reiterated a “hold” rating on shares of NOV in a research note on Friday, July 26th. BMO Capital Markets decreased their price objective on NOV from $22.00 to $20.00 and set a “market perform” rating on the stock in a research note on Thursday, October 10th. TD Cowen boosted their target price on NOV from $27.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Finally, Evercore ISI upgraded NOV to a “strong-buy” rating in a research report on Friday, July 26th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, NOV currently has a consensus rating of “Moderate Buy” and an average target price of $22.57.

NOV Stock Down 0.5 %

Shares of NYSE:NOV opened at $15.41 on Tuesday. The stock has a market cap of $6.10 billion, a price-to-earnings ratio of 6.19, a PEG ratio of 0.47 and a beta of 1.67. The company has a quick ratio of 1.64, a current ratio of 2.61 and a debt-to-equity ratio of 0.27. NOV has a 12-month low of $15.27 and a 12-month high of $21.23. The business’s 50 day moving average is $16.69 and its 200 day moving average is $17.96.

NOV (NYSE:NOV) last announced its quarterly earnings data on Thursday, July 25th. The oil and gas exploration company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.22. The firm had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.19 billion. NOV had a return on equity of 10.97% and a net margin of 11.88%. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.39 earnings per share.

NOV Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a dividend of $0.075 per share. The ex-dividend date was Friday, September 13th. This represents a $0.30 annualized dividend and a dividend yield of 1.95%. NOV’s dividend payout ratio is presently 12.05%.

Institutional Trading of NOV

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Pzena Investment Management LLC increased its position in shares of NOV by 0.3% in the 2nd quarter. Pzena Investment Management LLC now owns 35,175,886 shares of the oil and gas exploration company’s stock valued at $668,694,000 after acquiring an additional 103,238 shares during the period. Dimensional Fund Advisors LP grew its position in NOV by 40.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 12,138,093 shares of the oil and gas exploration company’s stock worth $230,743,000 after purchasing an additional 3,470,860 shares during the period. Bank of New York Mellon Corp grew its position in NOV by 67.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 9,928,911 shares of the oil and gas exploration company’s stock worth $188,749,000 after purchasing an additional 3,989,095 shares during the period. Boston Partners acquired a new stake in NOV during the 1st quarter worth about $119,686,000. Finally, AQR Capital Management LLC grew its position in NOV by 232.6% during the 2nd quarter. AQR Capital Management LLC now owns 4,888,891 shares of the oil and gas exploration company’s stock worth $92,938,000 after purchasing an additional 3,418,885 shares during the period. Hedge funds and other 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.