Brokers Offer Predictions for NOV's Q3 Earnings (NYSE:NOV)

Key Points

• Zacks Research has increased its Q3 2026 earnings per share estimate for NOV Inc. from $0.24 to $0.27, while anticipating full-year earnings of $1.40 per share.
• Several analysts have downgraded NOV's stock, with Morgan Stanley and JPMorgan Chase reducing their target prices to $15.00, though the stock maintains a consensus rating of "Hold" with an average price target of $16.56.
• NOV recently announced a quarterly dividend of $0.075 per share, reflecting a 2.3% yield and a payout ratio of 24.59%.

NOV Inc. (NYSE:NOV - Free Report) - Investment analysts at Zacks Research raised their Q3 2026 earnings per share (EPS) estimates for shares of NOV in a report issued on Monday, September 8th. Zacks Research analyst Team now expects that the oil and gas exploration company will post earnings of $0.27 per share for the quarter, up from their prior forecast of $0.24. The consensus estimate for NOV's current full-year earnings is $1.40 per share. Zacks Research also issued estimates for NOV's Q4 2026 earnings at $0.33 EPS, FY2026 earnings at $1.04 EPS, Q1 2027 earnings at $0.41 EPS and Q2 2027 earnings at $0.35 EPS.

NOV (NYSE:NOV - Get Free Report) last posted its quarterly earnings results on Monday, July 28th. The oil and gas exploration company reported $0.29 earnings per share for the quarter, missing analysts' consensus estimates of $0.30 by ($0.01). NOV had a return on equity of 7.25% and a net margin of 5.36%.The firm had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same period last year, the company posted $0.57 earnings per share. The firm's quarterly revenue was down 1.3% compared to the same quarter last year. NOV has set its Q3 2025 guidance at EPS.

A number of other analysts have also commented on the company. Piper Sandler decreased their price objective on NOV from $16.00 to $14.00 and set a "neutral" rating for the company in a report on Thursday, August 14th. JPMorgan Chase & Co. lowered NOV from an "overweight" rating to a "neutral" rating and decreased their price objective for the stock from $17.00 to $15.00 in a report on Wednesday, July 30th. Morgan Stanley decreased their price objective on NOV from $18.00 to $15.00 and set an "overweight" rating for the company in a report on Friday, May 16th. Royal Bank Of Canada decreased their price objective on NOV from $19.00 to $18.00 and set an "outperform" rating for the company in a report on Wednesday, July 30th. Finally, Evercore ISI decreased their price objective on NOV from $15.00 to $14.00 and set an "in-line" rating for the company in a report on Wednesday, July 30th. Seven equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $16.56.

NOV Stock Down 3.2%

NOV stock traded down $0.42 during trading on Wednesday, reaching $12.89. 2,937,914 shares of the stock were exchanged, compared to its average volume of 3,036,149. The firm's 50 day moving average is $12.89 and its 200 day moving average is $13.07. NOV has a twelve month low of $10.84 and a twelve month high of $17.12. The company has a current ratio of 2.58, a quick ratio of 1.72 and a debt-to-equity ratio of 0.26. The firm has a market cap of $4.79 billion, a P/E ratio of 10.57, a price-to-earnings-growth ratio of 3.81 and a beta of 1.34.

NOV Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be issued a $0.075 dividend. The ex-dividend date of this dividend is Friday, September 12th. This represents a $0.30 annualized dividend and a dividend yield of 2.3%. NOV's dividend payout ratio is currently 24.59%.

Hedge Funds Weigh In On NOV

Institutional investors and hedge funds have recently bought and sold shares of the company. Signaturefd LLC grew its position in shares of NOV by 33.2% during the 2nd quarter. Signaturefd LLC now owns 3,733 shares of the oil and gas exploration company's stock valued at $46,000 after acquiring an additional 931 shares during the period. ProShare Advisors LLC grew its position in shares of 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 valued at $266,000 after acquiring an additional 1,042 shares during the period. Vident Advisory LLC grew its position in shares of 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 valued at $196,000 after acquiring an additional 1,126 shares during the period. Keeley Teton Advisors LLC grew its position in shares of NOV by 1.1% during the 1st quarter. Keeley Teton Advisors LLC now owns 107,317 shares of the oil and gas exploration company's stock valued at $1,633,000 after acquiring an additional 1,128 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of NOV by 30.5% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 4,937 shares of the oil and gas exploration company's stock valued at $75,000 after acquiring an additional 1,155 shares during the period. 93.27% of the stock is owned by institutional investors.

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.