Zacks Research Has Bearish Forecast for NOV Q2 Earnings

NOV Inc. (NYSE:NOV - Free Report) - Equities research analysts at Zacks Research lowered their Q2 2025 EPS estimates for NOV in a report issued on Friday, May 23rd. Zacks Research analyst R. Department now forecasts that the oil and gas exploration company will post earnings of $0.29 per share for the quarter, down from their previous forecast of $0.30. The consensus estimate for NOV's current full-year earnings is $1.40 per share. Zacks Research also issued estimates for NOV's FY2025 earnings at $1.09 EPS.

A number of other research firms have also recently issued reports on NOV. Stifel Nicolaus decreased their price objective on shares of NOV from $25.00 to $23.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Raymond James boosted their price target on shares of NOV from $18.00 to $19.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. Barclays reduced their price target on shares of NOV from $13.00 to $11.00 and set an "underweight" rating on the stock in a research report on Wednesday, April 30th. Royal Bank of Canada reduced their price target on shares of NOV from $20.00 to $19.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Finally, Morgan Stanley reduced their price target on shares of NOV from $18.00 to $15.00 and set an "overweight" rating on the stock in a research report on Friday, May 16th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $17.50.

NOV Trading Up 0.1%

Shares of NOV stock traded up $0.02 during mid-day trading on Monday, reaching $12.22. The stock had a trading volume of 1,051,527 shares, compared to its average volume of 4,381,006. The stock's 50-day moving average price is $12.73 and its two-hundred day moving average price is $14.30. NOV has a 52-week low of $10.84 and a 52-week high of $21.20. The firm has a market capitalization of $4.59 billion, a PE ratio of 7.59, a price-to-earnings-growth ratio of 1.02 and a beta of 1.27. The company has a current ratio of 2.46, a quick ratio of 1.64 and a debt-to-equity ratio of 0.26.

NOV (NYSE:NOV - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The oil and gas exploration company reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.25 by ($0.06). NOV had a net margin of 7.16% and a return on equity of 9.88%. The firm had revenue of $2.10 billion during the quarter, compared to analysts' expectations of $2.11 billion. During the same quarter in the previous year, the firm posted $0.30 EPS. NOV's revenue was down 2.4% compared to the same quarter last year.

Institutional Investors Weigh In On NOV

A number of institutional investors have recently made changes to their positions in the company. Mariner LLC grew its holdings in shares of NOV by 2.9% during the fourth quarter. Mariner LLC now owns 24,201 shares of the oil and gas exploration company's stock valued at $353,000 after buying an additional 672 shares during the last quarter. Signaturefd LLC grew its holdings in shares of NOV by 41.3% during the fourth quarter. Signaturefd LLC now owns 2,587 shares of the oil and gas exploration company's stock valued at $38,000 after buying an additional 756 shares during the last quarter. Huntington National Bank grew its holdings in shares of NOV by 88.7% during the fourth quarter. Huntington National Bank now owns 2,200 shares of the oil and gas exploration company's stock valued at $32,000 after buying an additional 1,034 shares during the last quarter. ProShare Advisors LLC grew its holdings in shares of NOV by 6.1% during the fourth quarter. ProShare Advisors LLC now owns 18,204 shares of the oil and gas exploration company's stock valued at $266,000 after buying an additional 1,042 shares during the last quarter. Finally, Vident Advisory LLC grew its holdings in shares of NOV by 9.6% during the first quarter. Vident Advisory LLC now owns 12,860 shares of the oil and gas exploration company's stock valued at $196,000 after buying an additional 1,126 shares during the last quarter. Hedge funds and other institutional investors own 93.27% of the company's stock.

NOV Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date is Friday, June 13th. NOV's dividend payout ratio (DPR) is presently 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.