NOV (NOV) Projected to Release Quarterly Earnings on Tuesday

Key Points

• NOV is expected to report Q3 2026 results after Tuesday’s market close. Analysts forecast earnings of $0.25 per share on $2.20 billion in revenue, with an earnings call scheduled for Wednesday, October 28.
• In its previous quarter, NOV beat expectations with EPS of $0.31 versus $0.17 forecast and revenue of $2.13 billion, though revenue declined 2.5% year over year.
• Analysts maintain a consensus “Hold” rating with an average price target of $21.23. Shares recently opened at $18.80, while the company pays a $0.09 quarterly dividend, yielding about 1.9%.

NOV (NYSE:NOV - Get Free Report) is expected to release its Q3 2026 results after the market closes on Tuesday, October 27th. Analysts expect NOV to post earnings of $0.2546 per share and revenue of $2.20 billion for the quarter. Investors may review the information on the company's upcoming Q3 2026 earnings report for the latest details on the call scheduled for Wednesday, October 28, 2026 at 11:00 AM ET.

NOV (NYSE:NOV - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The oil and gas exploration company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.14. The company had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.08 billion. NOV had a net margin of 1.10% and a return on equity of 3.44%. NOV's revenue for the quarter was down 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.29 EPS. On average, analysts expect NOV to post $0.99 EPS for the current fiscal year and $1.30 EPS for the next fiscal year.

NOV Stock Down 0.7%

Shares of NYSE NOV opened at $18.80 on Tuesday. The firm has a market cap of $6.70 billion, a PE ratio of 72.30 and a beta of 0.97. NOV has a 12-month low of $12.64 and a 12-month high of $21.93. The company's fifty day simple moving average is $20.19 and its 200 day simple moving average is $19.89. The company has a quick ratio of 1.61, a current ratio of 2.42 and a debt-to-equity ratio of 0.27.

NOV Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 11th were paid a $0.09 dividend. The ex-dividend date was Friday, September 11th. This represents a $0.36 annualized dividend and a dividend yield of 1.9%. NOV's dividend payout ratio (DPR) is currently 138.46%.

Insider Buying and Selling at NOV

In other news, Director David Harrison sold 9,594 shares of NOV stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $19.21, for a total transaction of $184,300.74. Following the completion of the transaction, the director directly owned 126,763 shares in the company, valued at $2,435,117.23. This trade represents a 7.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.15% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on NOV. Weiss Ratings reaffirmed a "hold (c)" rating on shares of NOV in a research note on Monday, September 21st. Barclays reduced their price objective on NOV from $21.00 to $20.00 and set an "underweight" rating for the company in a research note on Friday, July 31st. Citigroup reduced their price objective on NOV from $22.00 to $21.00 and set a "neutral" rating for the company in a research note on Wednesday, September 30th. Susquehanna boosted their price objective on NOV from $22.00 to $24.00 and gave the company a "positive" rating in a report on Thursday, July 30th. Finally, Morgan Stanley set a $21.00 target price on NOV in a research report on Wednesday, July 15th. Five research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, NOV has a consensus rating of "Hold" and an average price target of $21.23.

NOV Company Profile

NOV Inc NYSE: NOV is a Houston-based technology and equipment provider serving the global energy industry. The company develops and manufactures products and systems used in oil and natural gas drilling, well construction, completion and production operations.

Its offerings include land and offshore drilling rigs, rig equipment and components, downhole tools, drill pipe, wellbore technologies, pressure-control systems, and equipment used to enhance production. NOV also provides aftermarket parts, technical support, maintenance and other services designed to help energy companies operate and maintain their equipment.

The company was formed in 2005 through the merger of National Oilwell and Varco International, building on businesses with much longer histories in the oilfield equipment industry.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.