Zacks Research Has Negative Estimate for NOV FY2025 Earnings

Key Points

• Analysts at Zacks Research have revised their FY2025 earnings estimate for NOV Inc. to $0.93 per share, down from the previous estimate of $0.95.
• JPMorgan Chase & Co. downgraded NOV's rating from "overweight" to "neutral" and lowered its price target from $17.00 to $15.00.
• NOV recently declared a quarterly dividend of $0.075 per share, representing an annual yield of 2.2% and a payout ratio of 24.59%.

NOV Inc. (NYSE:NOV - Free Report) - Analysts at Zacks Research dropped their FY2025 earnings estimates for shares of NOV in a report issued on Friday, September 26th. Zacks Research analyst Team now expects that the oil and gas exploration company will post earnings per share of $0.93 for the year, down from their previous forecast of $0.95. The consensus estimate for NOV's current full-year earnings is $1.40 per share. Zacks Research also issued estimates for NOV's Q4 2025 earnings at $0.22 EPS, Q1 2026 earnings at $0.19 EPS, Q2 2026 earnings at $0.23 EPS, Q1 2027 earnings at $0.40 EPS and FY2027 earnings at $1.22 EPS.

A number of other analysts have also recently issued reports on the company. JPMorgan Chase & Co. cut NOV from an "overweight" rating to a "neutral" rating and lowered their price objective for the company from $17.00 to $15.00 in a research report on Wednesday, July 30th. Susquehanna set a $17.00 price target on shares of NOV and gave the company a "positive" rating in a report on Wednesday, July 30th. Evercore ISI dropped their price objective on shares of NOV from $15.00 to $14.00 and set an "in-line" rating for the company in a research note on Wednesday, July 30th. Stifel Nicolaus decreased their target price on shares of NOV from $22.00 to $20.00 and set a "buy" rating on the stock in a research report on Wednesday, July 30th. Finally, Wells Fargo & Company lowered their target price on shares of NOV from $11.00 to $10.00 and set an "underweight" rating on the stock in a research note on Thursday, June 5th. Seven investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, NOV currently has a consensus rating of "Hold" and an average target price of $16.56.

NOV Trading Up 0.7%

NOV stock opened at $13.45 on Monday. NOV has a 12 month low of $10.84 and a 12 month high of $16.86. The stock has a market cap of $4.99 billion, a price-to-earnings ratio of 11.02, a price-to-earnings-growth ratio of 3.88 and a beta of 1.34. The business has a 50 day moving average price of $12.85 and a two-hundred day moving average price of $12.94. The company has a quick ratio of 1.72, a current ratio of 2.58 and a debt-to-equity ratio of 0.26.

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

NOV Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were given a $0.075 dividend. The ex-dividend date was Friday, September 12th. This represents a $0.30 annualized dividend and a yield of 2.2%. NOV's payout ratio is presently 24.59%.

Institutional Trading of NOV

Hedge funds and other institutional investors have recently made changes to their positions in the business. Signaturefd LLC grew its position in NOV by 33.2% during the 2nd quarter. Signaturefd LLC now owns 3,733 shares of the oil and gas exploration company's stock worth $46,000 after acquiring an additional 931 shares during the last quarter. 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 worth $196,000 after purchasing an additional 1,126 shares during the last quarter. Keeley Teton Advisors LLC increased its stake in shares of NOV by 1.1% in the first 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 buying an additional 1,128 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in NOV by 30.5% in 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 buying an additional 1,155 shares during the last quarter. Finally, Voya Investment Management LLC boosted its position in NOV by 2.8% during the 1st quarter. Voya Investment Management LLC now owns 48,413 shares of the oil and gas exploration company's stock worth $737,000 after buying an additional 1,309 shares during the period. 93.27% of the stock is currently owned by institutional investors and hedge funds.

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.

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