Equities Analysts Issue Forecasts for NOV FY2025 Earnings

Key Points

• Capital One Financial has lowered its FY2025 EPS estimate for NOV Inc. from $1.46 to $1.07, while the current consensus estimate remains at $1.40 per share.
• NOV reported Q2 earnings of $0.29 per share, missing the consensus estimate of $0.30, with revenues at $2.19 billion, slightly above expectations but down 1.3% year-over-year.
• Multiple analysts, including those from Goldman Sachs and Barclays, have reduced their target prices for NOV shares, reflecting growing concerns over the company's stock performance.

NOV Inc. (NYSE:NOV - Free Report) - Research analysts at Capital One Financial reduced their FY2025 earnings per share estimates for NOV in a report released on Monday, July 28th. Capital One Financial analyst D. Becker now expects that the oil and gas exploration company will post earnings of $1.07 per share for the year, down from their previous forecast of $1.46. The consensus estimate for NOV's current full-year earnings is $1.40 per share. Capital One Financial also issued estimates for NOV's Q4 2025 earnings at $0.30 EPS, Q1 2026 earnings at $0.23 EPS, Q2 2026 earnings at $0.26 EPS, Q3 2026 earnings at $0.26 EPS, Q4 2026 earnings at $0.32 EPS and FY2026 earnings at $1.08 EPS.

Other analysts have also issued reports about the stock. Morgan Stanley decreased their target price on shares of NOV from $18.00 to $15.00 and set an "overweight" rating on the stock in a research report on Friday, May 16th. Stifel Nicolaus lowered their price objective on NOV from $22.00 to $20.00 and set a "buy" rating on the stock in a research note on Wednesday. Royal Bank Of Canada dropped their target price on NOV from $19.00 to $18.00 and set an "outperform" rating for the company in a report on Wednesday. Evercore ISI decreased their price target on NOV from $15.00 to $14.00 and set an "in-line" rating on the stock in a research note on Wednesday. Finally, Wells Fargo & Company cut their price objective on NOV from $11.00 to $10.00 and set an "underweight" rating for the company in a report on Thursday, June 5th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $16.69.

NOV Stock Performance

NOV stock traded down $0.44 on Wednesday, hitting $12.14. The company's stock had a trading volume of 4,160,059 shares, compared to its average volume of 4,032,447. NOV has a one year low of $10.84 and a one year high of $19.35. The firm has a market cap of $4.51 billion, a P/E ratio of 9.95, a price-to-earnings-growth ratio of 3.36 and a beta of 1.32. The company has a quick ratio of 1.76, a current ratio of 2.58 and a debt-to-equity ratio of 0.26. The company has a fifty day moving average price of $13.04 and a 200-day moving average price of $13.60.

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 earnings per share (EPS) 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 the consensus estimate of $2.16 billion. NOV had a net margin of 5.36% and a return on equity of 7.25%. The business's revenue for the quarter was down 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.57 earnings per share.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in NOV. Mariner LLC boosted its stake in shares of NOV by 2.9% during the 4th quarter. Mariner LLC now owns 24,201 shares of the oil and gas exploration company's stock worth $353,000 after buying an additional 672 shares during the last quarter. Signaturefd LLC raised its holdings in NOV by 33.2% during the second quarter. Signaturefd LLC now owns 3,733 shares of the oil and gas exploration company's stock worth $46,000 after acquiring an additional 931 shares in the last quarter. Huntington National Bank boosted its position in NOV by 88.7% during the fourth 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. ProShare Advisors LLC grew its stake in NOV by 6.1% in the fourth quarter. ProShare Advisors LLC now owns 18,204 shares of the oil and gas exploration company's stock valued at $266,000 after purchasing an additional 1,042 shares in the last quarter. Finally, Vident Advisory LLC increased its position in shares of NOV by 9.6% during the 1st quarter. Vident Advisory LLC now owns 12,860 shares of the oil and gas exploration company's stock worth $196,000 after purchasing an additional 1,126 shares during the last quarter. 93.27% of the stock is currently owned by institutional investors and hedge funds.

NOV Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, June 13th. Shareholders of record on Tuesday, June 3rd were given a dividend of $0.21 per share. The ex-dividend date was Monday, June 2nd. This represents a yield of 363.0%. NOV's dividend payout ratio is presently 24.59%.

NOV Company Profile

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.