Griffin Securities Comments on NOV's Q3 Earnings (NYSE:NOV)

Key Points

• Griffin Securities has revised down its Q3 2025 earnings per share estimate for NOV Inc. from $0.36 to $0.27, reflecting a broader trend of caution among analysts regarding the company's financial outlook.
• NOV reported a Q2 earnings per share of $0.29, which missed the consensus estimate of $0.30, while its revenue was slightly above expectations at $2.19 billion.
• The stock holds an average rating of "Hold" from analysts, with target prices ranging from $10.00 to $19.00, indicating mixed investor sentiment.

NOV Inc. (NYSE:NOV - Free Report) - Griffin Securities cut their Q3 2025 earnings per share estimates for shares of NOV in a report issued on Tuesday, August 5th. Griffin Securities analyst K. Simpson now anticipates that the oil and gas exploration company will post earnings per share of $0.27 for the quarter, down from their previous forecast of $0.36. The consensus estimate for NOV's current full-year earnings is $1.40 per share. Griffin Securities also issued estimates for NOV's Q4 2025 earnings at $0.30 EPS, Q1 2026 earnings at $0.25 EPS, Q2 2026 earnings at $0.30 EPS, Q3 2026 earnings at $0.32 EPS, Q4 2026 earnings at $0.34 EPS and FY2026 earnings at $1.21 EPS.

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

Several other analysts have also recently issued reports on the company. Susquehanna set a $17.00 target price on NOV and gave the company a "positive" rating in a research report on Wednesday, July 30th. Royal Bank Of Canada lowered their price objective on NOV from $19.00 to $18.00 and set an "outperform" rating for the company in a research report on Wednesday, July 30th. Wells Fargo & Company lowered their price objective on NOV from $11.00 to $10.00 and set an "underweight" rating for the company in a research report on Thursday, June 5th. JPMorgan Chase & Co. cut NOV from an "overweight" rating to a "neutral" rating and lowered their price objective for the stock from $17.00 to $15.00 in a research report on Wednesday, July 30th. Finally, Morgan Stanley lowered their price objective on NOV from $18.00 to $15.00 and set an "overweight" rating for the company in a research report on Friday, May 16th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $16.69.

NOV Stock Down 2.1%

Shares of NYSE NOV opened at $11.97 on Thursday. The company has a current ratio of 2.58, a quick ratio of 1.72 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $4.45 billion, a PE ratio of 9.81, a price-to-earnings-growth ratio of 3.26 and a beta of 1.32. The stock's fifty day simple moving average is $13.03 and its two-hundred day simple moving average is $13.53. NOV has a 12-month low of $10.84 and a 12-month high of $18.40.

Institutional Investors Weigh In On NOV

Institutional investors have recently bought and sold shares of the company. First Pacific Advisors LP boosted its holdings in shares of NOV by 101.0% during the 2nd quarter. First Pacific Advisors LP now owns 7,018,950 shares of the oil and gas exploration company's stock worth $87,246,000 after purchasing an additional 3,526,754 shares during the last quarter. AQR Capital Management LLC lifted its holdings in NOV by 88.9% in the first quarter. AQR Capital Management LLC now owns 7,146,949 shares of the oil and gas exploration company's stock valued at $107,276,000 after acquiring an additional 3,362,853 shares during the last quarter. Nuveen LLC acquired a new position in NOV in the first quarter valued at approximately $33,742,000. Dimensional Fund Advisors LP lifted its holdings in NOV by 13.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 16,793,128 shares of the oil and gas exploration company's stock valued at $245,178,000 after acquiring an additional 1,934,243 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in NOV by 40.7% in the fourth quarter. Ameriprise Financial Inc. now owns 5,718,408 shares of the oil and gas exploration company's stock valued at $83,489,000 after acquiring an additional 1,652,917 shares during the last quarter. 93.27% of the stock is currently owned by institutional investors and hedge funds.

NOV Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, June 13th. Investors of record on Tuesday, June 3rd were issued a $0.21 dividend. This represents a yield of 363.0%. The ex-dividend date was Monday, June 2nd. NOV's payout ratio is presently 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.

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