NOV (NOV) Expected to Announce Quarterly Earnings on Monday

NOV (NYSE:NOV - Get Free Report) will likely be releasing its Q2 2025 earnings data after the market closes on Monday, July 28th. Analysts expect NOV to post earnings of $0.31 per share and revenue of $2.16 billion for the quarter. NOV has set its Q2 2025 guidance at EPS.

NOV (NYSE:NOV - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The oil and gas exploration company reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.25 by ($0.06). The business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.11 billion. NOV had a return on equity of 9.11% and a net margin of 6.68%. NOV's quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.30 earnings per share. On average, analysts expect NOV to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

NOV Trading Down 0.1%

Shares of NOV stock traded down $0.02 during midday trading on Thursday, reaching $13.70. 3,331,670 shares of the company's stock traded hands, compared to its average volume of 3,882,713. The company has a market cap of $5.15 billion, a PE ratio of 9.13, a price-to-earnings-growth ratio of 3.49 and a beta of 1.28. The stock has a 50 day moving average of $12.95 and a 200-day moving average of $13.66. NOV has a 12 month low of $10.84 and a 12 month high of $21.20. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.76 and a current ratio of 2.65.

NOV Announces Dividend

The business also recently announced a dividend, which was paid on Friday, June 13th. Stockholders of record on Tuesday, June 3rd were given a $0.21 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a dividend yield of 3.63%. NOV's dividend payout ratio is 20.00%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Wells Fargo & Company decreased their price target on shares of NOV from $11.00 to $10.00 and set an "underweight" rating for the company in a research note on Thursday, June 5th. Susquehanna decreased their target price on NOV from $19.00 to $18.00 and set a "positive" rating for the company in a research report on Tuesday, July 1st. The Goldman Sachs Group dropped their price target on NOV from $16.00 to $13.00 and set a "sell" rating on the stock in a research report on Thursday, April 10th. Royal Bank Of Canada lowered their price objective on NOV from $20.00 to $19.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Finally, Piper Sandler reduced their target price on shares of NOV from $18.00 to $16.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $17.31.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of NOV by 17.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,062,292 shares of the oil and gas exploration company's stock valued at $16,168,000 after buying an additional 157,385 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in NOV by 35.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 161,927 shares of the oil and gas exploration company's stock valued at $2,465,000 after acquiring an additional 42,462 shares during the last quarter. Royal Bank of Canada lifted its holdings in NOV by 15.6% in the first quarter. Royal Bank of Canada now owns 49,721 shares of the oil and gas exploration company's stock valued at $756,000 after acquiring an additional 6,711 shares during the period. Finally, Focus Partners Wealth purchased a new position in NOV in the first quarter worth about $214,000. 93.27% of the stock is owned by institutional investors.

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.