Zacks Research Has Negative Forecast for NOV Q1 Earnings

NOV Inc. (NYSE:NOV - Free Report) - Research analysts at Zacks Research dropped their Q1 2026 earnings per share estimates for NOV in a research report issued on Tuesday, June 24th. Zacks Research analyst R. Department now anticipates that the oil and gas exploration company will post earnings of $0.26 per share for the quarter, down from their previous estimate 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.

Several other analysts have also recently commented on NOV. Royal Bank Of Canada reduced their target price on NOV from $20.00 to $19.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Stifel Nicolaus reduced their target price on NOV from $25.00 to $23.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Barclays cut their price target on NOV from $13.00 to $11.00 and set an "underweight" rating on the stock in a report on Wednesday, April 30th. JPMorgan Chase & Co. cut their price target on NOV from $20.00 to $17.00 and set an "overweight" rating on the stock in a report on Wednesday, April 30th. Finally, Susquehanna cut their price target on NOV from $21.00 to $19.00 and set a "positive" rating on the stock in a report on Monday, April 14th. Three 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, NOV currently has a consensus rating of "Hold" and a consensus target price of $17.44.

NOV Trading Down 2.1%

Shares of NYSE:NOV traded down $0.28 during midday trading on Thursday, hitting $12.73. 8,729,889 shares of the stock were exchanged, compared to its average volume of 4,092,170. The stock has a market capitalization of $4.78 billion, a price-to-earnings ratio of 8.48, a P/E/G ratio of 3.16 and a beta of 1.28. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.76 and a current ratio of 2.65. The business's 50-day moving average price is $12.61 and its 200 day moving average price is $13.83. NOV has a 12 month low of $10.84 and a 12 month high of $21.20.

NOV (NYSE:NOV - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The oil and gas exploration company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.06). The firm had revenue of $2.10 billion for 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%. The business's revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.30 earnings per share.

Hedge Funds Weigh In On NOV

A number of institutional investors have recently modified their holdings of NOV. Mariner LLC increased its position in shares of NOV by 2.9% during the 4th quarter. Mariner LLC now owns 24,201 shares of the oil and gas exploration company's stock valued at $353,000 after purchasing an additional 672 shares during the last quarter. Signaturefd LLC increased its holdings in NOV by 41.3% in the 4th quarter. Signaturefd LLC now owns 2,587 shares of the oil and gas exploration company's stock worth $38,000 after acquiring an additional 756 shares during the last quarter. Huntington National Bank increased its holdings in NOV by 88.7% in the 4th quarter. Huntington National Bank now owns 2,200 shares of the oil and gas exploration company's stock worth $32,000 after acquiring an additional 1,034 shares during the last quarter. ProShare Advisors LLC increased its holdings in NOV by 6.1% in the 4th quarter. ProShare Advisors LLC now owns 18,204 shares of the oil and gas exploration company's stock worth $266,000 after acquiring an additional 1,042 shares during the last quarter. Finally, Vident Advisory LLC increased its holdings in NOV by 9.6% in the 1st quarter. Vident Advisory LLC now owns 12,860 shares of the oil and gas exploration company's stock worth $196,000 after acquiring an additional 1,126 shares during the last quarter. 93.27% of the stock is owned by institutional investors and hedge funds.

NOV Dividend Announcement

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

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.