Q2 Earnings Estimate for NOV Issued By Capital One Financial

Key Points

• Capital One Financial raised its Q2 2026 earnings estimate for NOV Inc., predicting earnings per share will rise to $0.27 from a previous estimate of $0.26, with a full-year estimate of $1.40 per share.
• NOV's recent quarterly earnings report showed a miss at $0.29 EPS, falling short of consensus expectations, despite revenues increasing to $2.19 billion, exceeding estimates.
• The company announced a quarterly dividend of $0.075 per share, translating to an annual yield of 2.3%, with a dividend payout ratio of 24.59%.

NOV Inc. (NYSE:NOV - Free Report) - Stock analysts at Capital One Financial lifted their Q2 2026 earnings estimates for shares of NOV in a research report issued to clients and investors on Monday, September 15th. Capital One Financial analyst D. Becker now expects that the oil and gas exploration company will post earnings per share of $0.27 for the quarter, up from their prior estimate of $0.26. The consensus estimate for NOV's current full-year earnings is $1.40 per share. Capital One Financial also issued estimates for NOV's Q3 2026 earnings at $0.28 EPS, Q4 2026 earnings at $0.33 EPS and FY2026 earnings at $1.10 EPS.

A number of other research analysts also recently commented on NOV. JPMorgan Chase & Co. downgraded shares of NOV from an "overweight" rating to a "neutral" rating and reduced their price objective for the company from $17.00 to $15.00 in a research note on Wednesday, July 30th. Susquehanna set a $17.00 price objective on shares of NOV and gave the stock a "positive" rating in a report on Wednesday, July 30th. Royal Bank Of Canada dropped their price objective on shares of NOV from $19.00 to $18.00 and set an "outperform" rating on the stock in a report on Wednesday, July 30th. Evercore ISI lowered their target price on shares of NOV from $15.00 to $14.00 and set an "in-line" rating on the stock in a research note on Wednesday, July 30th. Finally, Stifel Nicolaus cut their target price on shares of NOV from $22.00 to $20.00 and set a "buy" rating for the company in a research note on Wednesday, July 30th. Seven analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, NOV has an average rating of "Hold" and an average price target of $16.56.

NOV Stock Down 0.8%

NOV traded down $0.10 during trading hours on Thursday, reaching $12.53. 1,054,965 shares of the stock traded hands, compared to its average volume of 4,182,786. The firm's fifty day simple moving average is $12.83 and its two-hundred day simple moving average is $12.99. The company has a market cap of $4.65 billion, a price-to-earnings ratio of 10.27, a PEG ratio of 3.63 and a beta of 1.34. NOV has a fifty-two week low of $10.84 and a fifty-two week high of $17.12. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.58 and a quick ratio of 1.72.

NOV (NYSE:NOV - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The oil and gas exploration company reported $0.29 earnings per share for the quarter, missing analysts' consensus estimates of $0.30 by ($0.01). The firm had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.16 billion. NOV had a net margin of 5.36% and a return on equity of 7.25%. NOV's revenue for the quarter was down 1.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.57 earnings per share. NOV has set its Q3 2025 guidance at EPS.

Hedge Funds Weigh In On NOV

Institutional investors and hedge funds have recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. bought a new position in NOV during the first quarter worth $36,000. Exchange Traded Concepts LLC increased its holdings in NOV by 382.9% in the 1st quarter. Exchange Traded Concepts LLC now owns 18,201 shares of the oil and gas exploration company's stock valued at $277,000 after buying an additional 14,432 shares during the period. Canandaigua National Trust Co of Florida increased its holdings in NOV by 114.0% in the 2nd quarter. Canandaigua National Trust Co of Florida now owns 77,394 shares of the oil and gas exploration company's stock valued at $962,000 after buying an additional 41,235 shares during the period. Empowered Funds LLC increased 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 buying an additional 488,027 shares during the period. Finally, GAMMA Investing LLC increased its holdings in NOV by 172.9% in the 1st quarter. GAMMA Investing LLC now owns 4,320 shares of the oil and gas exploration company's stock valued at $66,000 after buying an additional 2,737 shares during the period. Institutional investors own 93.27% of the company's stock.

NOV Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Friday, September 12th. This represents a $0.30 dividend on an annualized basis and a yield of 2.4%. NOV's payout ratio is 24.59%.

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.