NOV Inc. (NYSE:NOV) Given Average Rating of "Hold" by Analysts

Key Points

• Analyst consensus: Seventeen analysts rate NOV an overall "Hold" (2 sell, 12 hold, 3 buy) with an average 12‑month price target of $19.07.
• Weak Q1 and cautious outlook: Q1 EPS missed at $0.15 (vs. $0.17 expected) and revenue was $2.05B, management cited ~ $54M revenue/~ $32M EBITDA impact from Middle East disruptions and expects Q2 revenue down 4–6% with adjusted EBITDA of $185M–$215M.
• Operations & shareholder actions: NOV reported $520M bookings and a $4.23B capital-equipment backlog, returned $100M to shareholders and raised the quarterly dividend to $0.09, while insiders sold shares as institutions increased holdings (institutions own ~93.3%).

NOV Inc. (NYSE:NOV - Get Free Report) has received a consensus recommendation of "Hold" from the seventeen analysts that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $19.0714.

A number of equities research analysts have commented on the company. Evercore set a $19.00 price target on NOV in a report on Friday, February 6th. Stifel Nicolaus raised their price target on NOV from $21.00 to $23.00 and gave the company a "buy" rating in a report on Monday, April 20th. Royal Bank Of Canada cut NOV from an "outperform" rating to a "sector perform" rating and set a $21.00 price target on the stock. in a report on Tuesday, April 14th. Barclays raised NOV from an "underweight" rating to an "equal weight" rating and raised their price target for the company from $15.00 to $20.00 in a report on Wednesday, February 4th. Finally, BMO Capital Markets raised their price target on NOV from $19.00 to $20.00 and gave the company a "market perform" rating in a report on Monday, February 9th.

NOV Trading Down 2.6%

NYSE:NOV opened at $20.29 on Wednesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.42 and a quick ratio of 1.67. The firm has a market capitalization of $7.32 billion, a price-to-earnings ratio of 84.52 and a beta of 0.94. NOV has a one year low of $11.44 and a one year high of $20.93. The business has a fifty day moving average price of $19.40 and a 200-day moving average price of $17.33.

NOV (NYSE:NOV - Get Free Report) last issued its quarterly earnings results on Monday, April 27th. The oil and gas exploration company reported $0.15 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.17 by ($0.02). The business had revenue of $2.05 billion during the quarter, compared to analysts' expectations of $2.07 billion. NOV had a return on equity of 3.31% and a net margin of 1.05%.The company's quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.19 EPS. Sell-side analysts forecast that NOV will post 0.99 EPS for the current year.

NOV Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 13th were issued a dividend of $0.09 per share. This is a boost from NOV's previous quarterly dividend of $0.08. This represents a $0.36 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Friday, March 13th. NOV's payout ratio is 94.74%.

Key Stories Impacting NOV

Here are the key news stories impacting NOV this week:

• Positive Sentiment: NOV highlighted several meaningful contract wins and strategic expansions (deepwater flexible riser/flowline contract and approved expansion of its Brazil flexibles plant) that support medium-term revenue capacity and backlog growth. Earnings Release
• Positive Sentiment: Bookings of $520M and a capital-equipment backlog of $4.23B demonstrate continued demand (book-to-bill ~80%), and management returned $100M to shareholders via buybacks/dividends — supportive for shareholder value. QuiverQuant Summary
• Neutral Sentiment: NOV outlined a 2026 capex plan of $340M–$370M and approved ~ $200M Brazil expansion — this is investment to capture future demand but will drive near-term spending. Capex & Brazil Expansion
• Negative Sentiment: Q1 results missed consensus: $0.15 EPS vs. $0.17 expected and revenue $2.05B vs. $2.07B — net income and adjusted EBITDA declined materially year-over-year, signaling margin pressure. Earnings Release
• Negative Sentiment: Management cited the Middle East conflict as a major headwind (estimated ~$54M revenue and ~$32M adjusted EBITDA impact) that disrupted logistics, aftermarket activity and increased costs. This contributed to a weaker margin profile. Middle East Disruptions
• Negative Sentiment: Q2 outlook is cautious: management expects consolidated revenue down 4–6% year-over-year and adjusted EBITDA of $185M–$215M — investors may see this as evidence of near-term softness before any potential equipment cycle recovery. Guidance

Insider Transactions at NOV

In other news, insider Joseph W. Rovig sold 151,086 shares of the firm's stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $20.17, for a total transaction of $3,047,404.62. Following the completion of the transaction, the insider owned 269,694 shares in the company, valued at $5,439,727.98. This trade represents a 35.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Craig L. Weinstock sold 70,000 shares of the firm's stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $20.08, for a total value of $1,405,600.00. Following the transaction, the vice president owned 256,319 shares of the company's stock, valued at approximately $5,146,885.52. The trade was a 21.45% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.15% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in NOV. Price T Rowe Associates Inc. MD grew its position in shares of NOV by 1,743.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,059,400 shares of the oil and gas exploration company's stock valued at $79,080,000 after purchasing an additional 4,785,015 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of NOV by 401.9% during the second quarter. Ameriprise Financial Inc. now owns 3,165,518 shares of the oil and gas exploration company's stock valued at $39,347,000 after purchasing an additional 2,534,815 shares in the last quarter. American Century Companies Inc. grew its position in shares of NOV by 43.6% during the third quarter. American Century Companies Inc. now owns 7,596,504 shares of the oil and gas exploration company's stock valued at $100,654,000 after purchasing an additional 2,304,975 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of NOV by 76.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,721,997 shares of the oil and gas exploration company's stock valued at $42,545,000 after purchasing an additional 1,178,838 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of NOV during the third quarter valued at about $14,114,000. Hedge funds and other institutional investors own 93.27% of the company's stock.

NOV Company Profile

National Oilwell Varco NYSE: NOV is a leading provider of equipment and technology to the oil and gas industry. The company designs, manufactures and services an extensive portfolio of products used in drilling, completion and production operations. Its offerings include drilling rigs and related components, wellbore technologies such as tubulars and completion tools, surface equipment including mud pumps and blowout preventers, and aftermarket parts and services that support ongoing field operations.

NOV's business is organized to serve upstream energy companies around the world.

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