NOV's (NOV) Hold (C-) Rating Reiterated at Weiss Ratings

Key Points

• NOV's stock rating: Weiss Ratings has reiterated a "hold (C-)" rating for NOV, while several other brokerages have issued mixed ratings, with Zacks upgrading it to a "hold" and JPMorgan downgrading to "neutral".
• Recent stock performance: Shares of NOV declined by 3.7% to $13.16, with a market capitalization of $4.89 billion and a current price sitting below analysts' consensus target of $16.31.
• Quarterly earnings report: In its latest earnings report, NOV posted $0.29 earnings per share, missing estimates, with a revenue of $2.19 billion that was down 1.3% year-over-year.

NOV (NYSE:NOV - Get Free Report)'s stock had its "hold (c-)" rating reaffirmed by Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

A number of other brokerages have also recently issued reports on NOV. Zacks Research upgraded shares of NOV from a "strong sell" rating to a "hold" rating in a research report on Monday. Piper Sandler reduced their target price on NOV from $16.00 to $14.00 and set a "neutral" rating on the stock in a research report on Thursday, August 14th. Citigroup boosted their target price on shares of NOV from $13.00 to $14.00 and gave the company a "neutral" rating in a report on Wednesday. Royal Bank Of Canada lowered their target price on shares of NOV from $19.00 to $18.00 and set an "outperform" rating for the company in a report on Wednesday, July 30th. Finally, JPMorgan Chase & Co. downgraded shares of NOV from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $17.00 to $15.00 in a report on Wednesday, July 30th. Seven research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, NOV currently has an average rating of "Hold" and a consensus price target of $16.31.

NOV Trading Down 3.7%

Shares of NOV stock traded down $0.50 during trading hours on Wednesday, hitting $13.16. The company had a trading volume of 363,773 shares, compared to its average volume of 4,161,840. The stock has a market capitalization of $4.89 billion, a PE ratio of 10.89, a price-to-earnings-growth ratio of 3.94 and a beta of 1.26. NOV has a fifty-two week low of $10.84 and a fifty-two week high of $16.86. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.58 and a quick ratio of 1.72. The company's fifty day moving average is $12.87 and its 200 day moving average is $12.90.

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 earnings per share for the quarter, missing analysts' consensus estimates of $0.30 by ($0.01). NOV had a net margin of 5.36% and a return on equity of 7.25%. The firm had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.16 billion. During the same quarter in the previous year, the business posted $0.57 earnings per share. NOV's revenue for the quarter was down 1.3% compared to the same quarter last year. NOV has set its Q3 2025 guidance at EPS. Research analysts expect that NOV will post 1.4 earnings per share for the current fiscal year.

Institutional Trading of NOV

Hedge funds have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC raised its position in NOV by 126.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 34,726 shares of the oil and gas exploration company's stock valued at $507,000 after acquiring an additional 19,399 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of NOV by 4,053.5% in the first quarter. GAMMA Investing LLC now owns 65,750 shares of the oil and gas exploration company's stock worth $1,001,000 after acquiring an additional 64,167 shares during the last quarter. Merit Financial Group LLC acquired a new stake in shares of NOV in the first quarter worth $159,000. UMB Bank n.a. lifted its position in NOV by 66.7% in the first quarter. UMB Bank n.a. now owns 3,895 shares of the oil and gas exploration company's stock worth $59,000 after purchasing an additional 1,558 shares during the period. Finally, Pallas Capital Advisors LLC lifted its position in NOV by 78.1% in the first quarter. Pallas Capital Advisors LLC now owns 23,633 shares of the oil and gas exploration company's stock worth $360,000 after purchasing an additional 10,362 shares during the period. 93.27% of the stock is owned by hedge funds and other 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.

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