NOV Inc. (NYSE:NOV) Receives Average Recommendation of "Hold" from Brokerages

Key Points

• NOV Inc. has received an average recommendation of "Hold" from 18 research firms, with three analysts rating it as a sell, eight as hold, and seven as buy.
• The company reported $0.29 EPS for the last quarter, missing analysts' estimates of $0.30, along with a revenue of $2.19 billion.
• NOV recently announced a quarterly dividend of $0.075 per share, with a dividend yield of 2.4% and a payout ratio of 24.59%.

NOV Inc. (NYSE:NOV - Get Free Report) has been given an average recommendation of "Hold" by the eighteen research firms that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $16.5625.

A number of research firms have issued reports on NOV. Stifel Nicolaus cut their price target on NOV from $22.00 to $20.00 and set a "buy" rating for the company in a research note on Wednesday, July 30th. Royal Bank Of Canada dropped their target price on shares of NOV from $19.00 to $18.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 30th. Evercore ISI dropped 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 report on Wednesday, July 30th. Piper Sandler dropped their target price on shares of NOV from $16.00 to $14.00 and set a "neutral" rating on the stock in a research report on Thursday, August 14th. Finally, Susquehanna set a $17.00 target price on shares of NOV and gave the stock a "positive" rating in a research report on Wednesday, July 30th.

NOV Price Performance

NOV stock opened at $12.71 on Tuesday. The company has a market capitalization of $4.72 billion, a P/E ratio of 10.42, a price-to-earnings-growth ratio of 3.69 and a beta of 1.34. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.72 and a current ratio of 2.58. NOV has a 52-week low of $10.84 and a 52-week high of $17.12. The business has a 50-day simple moving average of $12.89 and a two-hundred day simple moving average of $13.02.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.30 by ($0.01). The company 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 quarter last year, the firm posted $0.57 EPS. NOV has set its Q3 2025 guidance at EPS. Research analysts expect that NOV will post 1.4 EPS for the current fiscal year.

NOV Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders 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 annualized dividend and a dividend yield of 2.4%. NOV's dividend payout ratio (DPR) is currently 24.59%.

Hedge Funds Weigh In On NOV

Several hedge funds have recently modified their holdings of the company. Pzena Investment Management LLC lifted its position in shares of NOV by 2.8% during the 2nd quarter. Pzena Investment Management LLC now owns 42,708,890 shares of the oil and gas exploration company's stock worth $530,872,000 after buying an additional 1,144,486 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its holdings in shares of NOV by 2.1% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 40,487,598 shares of the oil and gas exploration company's stock worth $616,221,000 after purchasing an additional 833,158 shares during the period. Vanguard Group Inc. raised its holdings in shares of NOV by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 39,463,027 shares of the oil and gas exploration company's stock worth $600,627,000 after purchasing an additional 566,160 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of NOV by 7.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 18,122,455 shares of the oil and gas exploration company's stock worth $275,818,000 after purchasing an additional 1,329,327 shares during the period. Finally, AQR Capital Management LLC raised its holdings in shares of NOV by 88.9% in the 1st quarter. AQR Capital Management LLC now owns 7,146,949 shares of the oil and gas exploration company's stock worth $107,276,000 after purchasing an additional 3,362,853 shares during the period. Institutional investors own 93.27% of the company's stock.

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.

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