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

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%.

NOV Inc. (NYSE:NOV - Get Free Report) has received an average recommendation of "Hold" from the eighteen research firms that are presently covering the firm, Marketbeat reports. Three equities research 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 1 year price objective among brokers that have covered the stock in the last year is $16.5625.

A number of analysts have recently issued reports on the stock. Morgan Stanley dropped their price objective on shares of NOV from $18.00 to $15.00 and set an "overweight" rating on the stock in a research note on Friday, May 16th. JPMorgan Chase & Co. lowered shares of NOV from an "overweight" rating to a "neutral" rating and dropped their price objective for the company from $17.00 to $15.00 in a research note on Wednesday, July 30th. Stifel Nicolaus dropped their price objective on shares of NOV from $22.00 to $20.00 and set a "buy" rating on the stock in a research note on Wednesday, July 30th. Evercore ISI dropped their price objective on shares of NOV from $15.00 to $14.00 and set an "in-line" rating on the stock in a research note on Wednesday, July 30th. Finally, Barclays dropped their price objective on shares of NOV from $13.00 to $11.00 and set an "underweight" rating on the stock in a research note on Wednesday, April 30th.

NOV Stock Up 2.1%

Shares of NOV traded up $0.27 during mid-day trading on Friday, reaching $13.14. 2,586,119 shares of the stock traded hands, compared to its average volume of 3,474,092. The firm has a market cap of $4.88 billion, a price-to-earnings ratio of 10.77, a P/E/G ratio of 3.65 and a beta of 1.32. The stock has a fifty day simple moving average of $12.88 and a 200 day simple moving average of $13.27. NOV has a 12-month low of $10.84 and a 12-month high of $18.11. The company has a quick ratio of 1.72, a current ratio of 2.58 and a debt-to-equity ratio of 0.26.

NOV (NYSE:NOV - Get Free Report) last posted 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 analysts' expectations of $2.16 billion. NOV had a net margin of 5.36% and a return on equity of 7.25%. The company's revenue for the quarter was down 1.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.57 EPS. NOV has set its Q3 2025 guidance at EPS. Sell-side analysts expect that NOV will post 1.4 EPS for the current fiscal year.

NOV Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Friday, September 12th. NOV's payout ratio is 24.59%.

Institutional Trading of NOV

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Banque Cantonale Vaudoise bought a new stake in shares of NOV in the first quarter worth $25,000. CoreFirst Bank & Trust bought a new stake in shares of NOV in the second quarter worth $35,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of NOV in the first quarter worth $36,000. CX Institutional bought a new stake in shares of NOV in the first quarter worth $42,000. Finally, Hantz Financial Services Inc. increased its stake in shares of NOV by 395.3% in the second quarter. Hantz Financial Services Inc. now owns 3,660 shares of the oil and gas exploration company's stock worth $45,000 after buying an additional 2,921 shares during the last quarter. Institutional investors own 93.27% of the company's stock.

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.