Atb Cap Markets Has Bearish Forecast for NOV Q2 Earnings

NOV Inc. (NYSE:NOV - Free Report) - Investment analysts at Atb Cap Markets cut their Q2 2025 earnings estimates for NOV in a research report issued on Tuesday, July 1st. Atb Cap Markets analyst W. Syed now expects that the oil and gas exploration company will earn $0.29 per share for the quarter, down from their prior forecast of $0.31. The consensus estimate for NOV's current full-year earnings is $1.40 per share. Atb Cap Markets also issued estimates for NOV's Q4 2025 earnings at $0.31 EPS, FY2025 earnings at $1.08 EPS, Q1 2026 earnings at $0.26 EPS, Q4 2026 earnings at $0.32 EPS, FY2026 earnings at $1.22 EPS, Q1 2027 earnings at $0.27 EPS and FY2027 earnings at $1.37 EPS.

Other equities analysts also recently issued reports about the stock. Royal Bank Of Canada dropped their price objective on shares of NOV from $20.00 to $19.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Barclays lowered their price objective on NOV from $13.00 to $11.00 and set an "underweight" rating on the stock in a research report on Wednesday, April 30th. Stifel Nicolaus cut their price target on NOV from $25.00 to $23.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Piper Sandler reduced their price objective on shares of NOV from $18.00 to $16.00 and set a "neutral" rating for the company in a research report on Thursday, May 1st. Finally, Wells Fargo & Company cut their price target on NOV from $11.00 to $10.00 and set an "underweight" rating for the company in a report on Thursday, June 5th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $17.38.

NOV Trading Up 2.3%

NYSE NOV traded up $0.30 on Thursday, hitting $13.50. 2,513,405 shares of the stock were exchanged, compared to its average volume of 4,123,347. The stock has a fifty day moving average price of $12.68 and a two-hundred day moving average price of $13.79. The firm has a market capitalization of $5.07 billion, a P/E ratio of 9.00, a P/E/G ratio of 3.29 and a beta of 1.28. NOV has a 52-week low of $10.84 and a 52-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.

NOV (NYSE:NOV - Get Free Report) last announced its earnings results on Monday, April 28th. The oil and gas exploration company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.06). NOV had a net margin of 6.68% and a return on equity of 9.11%. The business had revenue of $2.10 billion for the quarter, compared to analysts' expectations of $2.11 billion. During the same quarter in the prior year, the company posted $0.30 earnings per share. The firm's quarterly revenue was down 2.4% compared to the same quarter last year.

NOV Announces Dividend

The business also recently declared a dividend, which was paid on Friday, June 13th. Investors of record on Tuesday, June 3rd were given a $0.21 dividend. This represents a yield of 3.63%. The ex-dividend date of this dividend was Monday, June 2nd. NOV's dividend payout ratio (DPR) is presently 20.00%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of NOV. Voya Investment Management LLC boosted its holdings in NOV by 2.8% in the 1st quarter. Voya Investment Management LLC now owns 48,413 shares of the oil and gas exploration company's stock valued at $737,000 after purchasing an additional 1,309 shares in the last quarter. Focus Partners Wealth purchased a new position in NOV in the 1st quarter valued at approximately $214,000. Bayforest Capital Ltd raised its holdings in NOV by 197.1% during the first quarter. Bayforest Capital Ltd now owns 48,041 shares of the oil and gas exploration company's stock worth $731,000 after purchasing an additional 31,873 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in NOV by 17.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,062,292 shares of the oil and gas exploration company's stock valued at $16,168,000 after acquiring an additional 157,385 shares in the last quarter. Finally, Empowered Funds LLC lifted its holdings in NOV by 2,266.9% in the 1st quarter. Empowered Funds LLC now owns 509,555 shares of the oil and gas exploration company's stock valued at $7,755,000 after purchasing an additional 488,027 shares in the last quarter. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

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.