Zacks Research Comments on NOV's Q1 Earnings (NYSE:NOV)

NOV Inc. (NYSE:NOV - Free Report) - Stock analysts at Zacks Research decreased their Q1 2026 earnings per share (EPS) estimates for NOV in a research note issued on Tuesday, June 24th. Zacks Research analyst R. Department now expects that the oil and gas exploration company will earn $0.26 per share for the quarter, down from their prior forecast of $0.27. The consensus estimate for NOV's current full-year earnings is $1.40 per share. Zacks Research also issued estimates for NOV's Q3 2026 earnings at $0.32 EPS, FY2026 earnings at $1.30 EPS and FY2027 earnings at $1.49 EPS.

Other analysts have also issued research reports about the stock. Wells Fargo & Company cut their target price 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. Royal Bank Of Canada dropped their price target on NOV from $20.00 to $19.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Morgan Stanley reduced their price objective on NOV from $18.00 to $15.00 and set an "overweight" rating on the stock in a research note on Friday, May 16th. Susquehanna decreased their target price on NOV from $21.00 to $19.00 and set a "positive" rating on the stock in a report on Monday, April 14th. Finally, Barclays lowered their target price on NOV from $13.00 to $11.00 and set an "underweight" rating for the company in a research note on Wednesday, April 30th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $17.44.

NOV Trading Down 1.8%

Shares of NOV stock opened at $12.85 on Thursday. The company has a market capitalization of $4.83 billion, a P/E ratio of 8.57, a P/E/G ratio of 3.24 and a beta of 1.28. NOV has a 12-month low of $10.84 and a 12-month high of $21.20. The company has a quick ratio of 1.76, a current ratio of 2.65 and a debt-to-equity ratio of 0.26. The firm has a 50-day moving average price of $12.60 and a 200 day moving average price of $13.88.

NOV (NYSE:NOV - Get Free Report) last issued its earnings results on Monday, April 28th. The oil and gas exploration company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.06). NOV had a net margin of 6.68% and a return on equity of 9.11%. The firm had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.11 billion. During the same quarter in the prior year, the firm posted $0.30 EPS. The firm's revenue for the quarter was down 2.4% on a year-over-year basis.

NOV Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Banque Cantonale Vaudoise bought a new position in shares of NOV during the first quarter worth $25,000. Huntington National Bank raised its stake in NOV by 88.7% during the 4th quarter. Huntington National Bank now owns 2,200 shares of the oil and gas exploration company's stock worth $32,000 after buying an additional 1,034 shares during the period. Covestor Ltd raised its stake in NOV by 282.9% during the 4th quarter. Covestor Ltd now owns 2,240 shares of the oil and gas exploration company's stock worth $33,000 after buying an additional 1,655 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in NOV during the first quarter worth about $36,000. Finally, Signaturefd LLC grew its stake in NOV by 41.3% in the fourth quarter. Signaturefd LLC now owns 2,587 shares of the oil and gas exploration company's stock valued at $38,000 after acquiring an additional 756 shares during the period. Institutional investors and hedge funds own 93.27% of the company's stock.

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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