NOV Inc. (NYSE:NOV - Free Report) - Stock analysts at Atb Cap Markets lowered their Q2 2026 earnings per share estimates for NOV in a research note issued to investors on Tuesday, July 1st. Atb Cap Markets analyst W. Syed now expects that the oil and gas exploration company will earn $0.32 per share for the quarter, down from their prior forecast of $0.34. The consensus estimate for NOV's current full-year earnings is $1.40 per share.
NOV (NYSE:NOV - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The oil and gas exploration company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.25 by ($0.06). NOV had a return on equity of 9.11% and a net margin of 6.68%. The firm had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same period in the previous year, the business earned $0.30 EPS. NOV's revenue for the quarter was down 2.4% compared to the same quarter last year.
Other equities analysts have also issued research reports about the company. Susquehanna cut their price target on NOV from $19.00 to $18.00 and set a "positive" rating for the company in a research note on Tuesday. JPMorgan Chase & Co. reduced their target price on NOV from $20.00 to $17.00 and set an "overweight" rating for the company in a research note on Wednesday, April 30th. The Goldman Sachs Group dropped their price target on shares of NOV from $16.00 to $13.00 and set a "sell" rating on the stock in a research note on Thursday, April 10th. Barclays reduced their price objective on shares of NOV from $13.00 to $11.00 and set an "underweight" rating for the company in a research report on Wednesday, April 30th. Finally, Wells Fargo & Company cut their target price on shares of NOV from $11.00 to $10.00 and set an "underweight" rating for the company in a research note on Thursday, June 5th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $17.38.
Get Our Latest Report on NOV
NOV Stock Up 2.3%
NOV opened at $13.50 on Friday. The company has a fifty day moving average of $12.68 and a two-hundred day moving average of $13.79. The stock has a market capitalization of $5.07 billion, a price-to-earnings ratio of 9.00, a PEG ratio of 3.29 and a beta of 1.28. NOV has a fifty-two week low of $10.84 and a fifty-two week high of $21.20. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.76 and a current ratio of 2.65.
Hedge Funds Weigh In On NOV
Institutional investors and hedge funds have recently bought and sold shares of the company. Banque Cantonale Vaudoise purchased a new stake in shares of NOV during the 1st quarter valued at approximately $25,000. Huntington National Bank lifted its stake in shares of NOV by 88.7% in the 4th quarter. Huntington National Bank now owns 2,200 shares of the oil and gas exploration company's stock valued at $32,000 after purchasing an additional 1,034 shares during the last quarter. Covestor Ltd grew its holdings in shares of NOV by 282.9% during the 4th quarter. Covestor Ltd now owns 2,240 shares of the oil and gas exploration company's stock worth $33,000 after purchasing an additional 1,655 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of NOV during the 1st quarter worth about $36,000. Finally, Signaturefd LLC raised its holdings in NOV by 41.3% in the 4th 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 and hedge funds.
NOV Dividend Announcement
The company also recently disclosed a dividend, which was paid on Friday, June 13th. Investors of record on Tuesday, June 3rd were given a dividend of $0.21 per share. This represents a yield of 3.63%. The ex-dividend date was Monday, June 2nd. NOV's payout ratio is currently 20.00%.
About NOV
(
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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.
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