NOV Inc. (NYSE:NOV) Receives Consensus Rating of "Hold" from Analysts

Key Points

• NOV Inc. has received a consensus rating of "Hold" from eighteen brokerages, with three sell ratings, eight holds, and seven buys.
• The company reported a quarterly EPS of $0.29, missing estimates by $0.01, while revenue was slightly above expectations at $2.19 billion.
• NOV announced a quarterly dividend of $0.075 per share, resulting in an annualized yield of 2.4%, with a payout ratio of 24.59%.

Shares of NOV Inc. (NYSE:NOV - Get Free Report) have received an average rating of "Hold" from the eighteen brokerages that are covering the stock, MarketBeat.com reports. 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. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $16.5625.

NOV has been the subject of several recent analyst reports. Susquehanna set a $17.00 target price on NOV and gave the stock a "positive" rating in a research note on Wednesday, July 30th. JPMorgan Chase & Co. cut NOV from an "overweight" rating to a "neutral" rating and decreased their target price for the stock from $17.00 to $15.00 in a research note on Wednesday, July 30th. Evercore ISI decreased their target price on NOV from $15.00 to $14.00 and set an "in-line" rating for the company in a research note on Wednesday, July 30th. Morgan Stanley decreased their target price on NOV from $18.00 to $15.00 and set an "overweight" rating for the company in a research note on Friday, May 16th. Finally, Barclays decreased their target price on NOV from $13.00 to $11.00 and set an "underweight" rating for the company in a research note on Wednesday, April 30th.

Institutional Investors Weigh In On NOV

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pzena Investment Management LLC lifted its stake in NOV by 2.8% in the second quarter. Pzena Investment Management LLC now owns 42,708,890 shares of the oil and gas exploration company's stock valued at $530,872,000 after buying an additional 1,144,486 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its stake in NOV by 2.1% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 40,487,598 shares of the oil and gas exploration company's stock valued at $616,221,000 after buying an additional 833,158 shares during the last quarter. Vanguard Group Inc. lifted its stake in NOV by 1.5% in the first quarter. Vanguard Group Inc. now owns 39,463,027 shares of the oil and gas exploration company's stock valued at $600,627,000 after buying an additional 566,160 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in NOV by 7.9% in the first quarter. Dimensional Fund Advisors LP now owns 18,122,455 shares of the oil and gas exploration company's stock valued at $275,818,000 after buying an additional 1,329,327 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake 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 buying an additional 3,362,853 shares during the last quarter. Hedge funds and other institutional investors own 93.27% of the company's stock.

NOV Stock Performance

Shares of NOV stock opened at $12.4050 on Friday. NOV has a one year low of $10.84 and a one year high of $18.40. The company has a market cap of $4.61 billion, a PE ratio of 10.17, a P/E/G ratio of 3.46 and a beta of 1.32. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.72 and a current ratio of 2.58. The business has a 50-day simple moving average of $12.94 and a 200-day simple moving average of $13.33.

NOV (NYSE:NOV - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The oil and gas exploration company reported $0.29 EPS for the quarter, missing analysts' consensus estimates of $0.30 by ($0.01). NOV had a return on equity of 7.25% and a net margin of 5.36%.The company had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same period in the prior year, the firm posted $0.57 earnings per share. The business's quarterly revenue was down 1.3% compared to the same quarter last year. NOV has set its Q3 2025 guidance at EPS. On average, equities research analysts forecast that NOV will post 1.4 EPS for the current fiscal year.

NOV Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be paid a dividend of $0.075 per share. The ex-dividend date is Friday, September 12th. This represents a $0.30 annualized dividend and a yield of 2.4%. 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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