NOV (NYSE:NOV) Given Hold (C-) Rating at Weiss Ratings

Key Points

• NOV's stock has been given a "hold (C-)" rating by Weiss Ratings, reflecting a cautious outlook from analysts.
• Analysts have varying price targets for NOV, with a consensus price target of $15.79 and a mixed rating distribution of six buys, nine holds, and three sells.
• For Q2 earnings, NOV reported $0.29 earnings per share, slightly below forecasts, and a decrease in revenue compared to the previous year.

NOV (NYSE:NOV - Get Free Report)'s stock had its "hold (c-)" rating restated by equities research analysts at Weiss Ratings in a research report issued to clients and investors on Saturday,Weiss Ratings reports.

A number of other equities research analysts have also issued reports on the company. Piper Sandler decreased their price target on NOV from $16.00 to $14.00 and set a "neutral" rating for the company in a research note on Thursday, August 14th. Stifel Nicolaus decreased 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 decreased their price target on NOV from $19.00 to $18.00 and set an "outperform" rating for the company in a research note on Wednesday, July 30th. Citigroup raised their price target on NOV from $13.00 to $14.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 8th. Finally, Zacks Research raised NOV from a "strong sell" rating to a "hold" rating in a research report on Monday, October 6th. Six analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $15.79.

NOV Price Performance

Shares of NOV stock opened at $13.87 on Friday. NOV has a one year low of $10.84 and a one year high of $16.86. 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 stock has a market cap of $5.15 billion, a price-to-earnings ratio of 11.36, a price-to-earnings-growth ratio of 4.12 and a beta of 1.26. The stock has a 50 day moving average price of $13.08 and a 200-day moving average price of $12.81.

NOV (NYSE:NOV - Get Free Report) last issued 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). NOV had a return on equity of 7.25% and a net margin of 5.36%.The business had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same period in the prior year, the business posted $0.57 earnings per share. NOV's revenue was down 1.3% on a year-over-year basis. NOV has set its Q3 2025 guidance at EPS. Equities analysts expect that NOV will post 1.4 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Banque Cantonale Vaudoise bought a new position in shares of NOV in the 1st quarter worth $25,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of NOV in the 1st quarter worth $36,000. CoreFirst Bank & Trust bought a new position in shares of NOV in the 2nd quarter worth $35,000. Quarry LP grew its stake in NOV by 119.7% during the 1st quarter. Quarry LP now owns 3,407 shares of the oil and gas exploration company's stock worth $52,000 after buying an additional 1,856 shares during the last quarter. Finally, Hantz Financial Services Inc. increased its position in NOV by 395.3% during the 2nd quarter. Hantz Financial Services Inc. now owns 3,660 shares of the oil and gas exploration company's stock valued at $45,000 after buying an additional 2,921 shares in the last quarter. 93.27% of the stock is owned by institutional investors.

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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