Zacks Research Issues Pessimistic Outlook for NOV Earnings

NOV Inc. (NYSE:NOV - Free Report) - Analysts at Zacks Research cut their Q2 2025 earnings per share estimates for NOV in a note issued to investors on Friday, May 23rd. Zacks Research analyst R. Department now anticipates that the oil and gas exploration company will post earnings of $0.29 per share for the quarter, down from their previous estimate 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.

Several other brokerages have also recently weighed in on NOV. Morgan Stanley dropped 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. Raymond James lifted their price objective on shares of NOV from $18.00 to $19.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. Wells Fargo & Company raised their price target on shares of NOV from $10.00 to $11.00 and gave the company an "underweight" rating in a report on Thursday, May 1st. The Goldman Sachs Group cut their price target on shares of NOV from $16.00 to $13.00 and set a "sell" rating for the company in a report on Thursday, April 10th. Finally, Stifel Nicolaus dropped their price objective on shares of NOV from $25.00 to $23.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. 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, NOV currently has a consensus rating of "Hold" and an average target price of $17.50.

NOV Trading Down 1.8%

NOV stock traded down $0.22 during trading hours on Monday, reaching $12.07. 234,367 shares of the company's stock were exchanged, compared to its average volume of 3,955,661. The firm has a market capitalization of $4.53 billion, a PE ratio of 7.48, a PEG ratio of 1.02 and a beta of 1.27. The firm's 50 day simple moving average is $12.67 and its 200 day simple moving average is $14.27. The company has a quick ratio of 1.64, a current ratio of 2.46 and a debt-to-equity ratio of 0.26. NOV has a twelve month low of $10.84 and a twelve month high of $21.20.

NOV (NYSE:NOV - Get Free Report) last released its 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). NOV had a return on equity of 9.88% and a net margin of 7.16%. The business had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter in the previous year, the company earned $0.30 earnings per share. The firm's revenue for the quarter was down 2.4% on a year-over-year basis.

NOV Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 2.49%. The ex-dividend date is Friday, June 13th. NOV's dividend payout ratio is currently 20.00%.

Institutional Investors Weigh In On NOV

A number of hedge funds and other institutional investors have recently bought and sold shares of NOV. Mariner LLC lifted its position in 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 purchasing an additional 672 shares during the last quarter. Signaturefd LLC grew its position in shares of 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 buying an additional 756 shares during the last quarter. Huntington National Bank grew its position in shares of 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 buying an additional 1,034 shares during the last quarter. ProShare Advisors LLC grew its position in NOV by 6.1% during the 4th quarter. ProShare Advisors LLC now owns 18,204 shares of the oil and gas exploration company's stock worth $266,000 after purchasing an additional 1,042 shares during the last quarter. Finally, Vident Advisory LLC grew its position in NOV by 9.6% during the 1st quarter. Vident Advisory LLC now owns 12,860 shares of the oil and gas exploration company's stock worth $196,000 after purchasing an additional 1,126 shares during the last quarter. Hedge funds and other institutional investors own 93.27% of the company's stock.

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.