Zacks Research Has Optimistic Outlook of NOV Q1 Earnings

Key Points

• Zacks Research has raised its Q1 2027 earnings per share estimate for NOV Inc. from $0.34 to $0.43, highlighting a positive outlook for the oil and gas exploration company's performance.
• Despite the optimistic earnings expectations, some analysts have downgraded their price targets for NOV, with Evercore ISI lowering it from $15.00 to $14.00, while Stifel Nicolaus revised it from $22.00 to $20.00.
• NOV recently declared a quarterly dividend of $0.075, providing an annualized yield of 2.4%, demonstrating the company's commitment to returning value to shareholders.

NOV Inc. (NYSE:NOV - Free Report) - Equities researchers at Zacks Research raised their Q1 2027 earnings per share (EPS) estimates for shares of NOV in a research report issued on Monday, August 18th. Zacks Research analyst Team now expects that the oil and gas exploration company will post earnings of $0.43 per share for the quarter, up from their prior forecast of $0.34. The consensus estimate for NOV's current full-year earnings is $1.40 per share.

Other research analysts also recently issued reports about the company. Evercore ISI lowered their price target on NOV from $15.00 to $14.00 and set an "in-line" rating on the stock in a report on Wednesday, July 30th. Stifel Nicolaus reduced their price target on NOV from $22.00 to $20.00 and set a "buy" rating for the company in a research report on Wednesday, July 30th. Wells Fargo & Company cut their target price on NOV from $11.00 to $10.00 and set an "underweight" rating for the company in a research report on Thursday, June 5th. Royal Bank Of Canada cut their target price on NOV from $19.00 to $18.00 and set an "outperform" rating for the company in a research report on Wednesday, July 30th. Finally, Susquehanna set a $17.00 price target on NOV and gave the company a "positive" rating in a research note on Wednesday, July 30th. Seven research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $16.56.

NOV Price Performance

Shares of NOV stock opened at $12.3950 on Wednesday. The stock has a market cap of $4.60 billion, a price-to-earnings ratio of 10.16, a PEG ratio of 3.48 and a beta of 1.32. 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 has a twelve month low of $10.84 and a twelve month high of $18.40. The business's fifty day moving average is $12.98 and its 200 day moving average is $13.35.

NOV (NYSE:NOV - Get Free Report) last posted its earnings results on Monday, July 28th. The oil and gas exploration company reported $0.29 earnings per share (EPS) 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 business had revenue of $2.19 billion for the quarter, compared to analysts' expectations of $2.16 billion. During the same period last year, the firm posted $0.57 earnings per share. NOV'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 business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be given a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, September 12th. NOV's payout ratio is presently 24.59%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. American Century Companies Inc. boosted its stake in shares of NOV by 585.8% in the second quarter. American Century Companies Inc. now owns 5,291,529 shares of the oil and gas exploration company's stock worth $65,774,000 after buying an additional 4,519,957 shares during the last quarter. First Pacific Advisors LP grew its holdings in NOV by 101.0% in the second quarter. First Pacific Advisors LP now owns 7,018,950 shares of the oil and gas exploration company's stock valued at $87,246,000 after purchasing an additional 3,526,754 shares during the period. AQR Capital Management LLC lifted its position in shares of NOV by 88.9% in the first quarter. AQR Capital Management LLC now owns 7,146,949 shares of the oil and gas exploration company's stock valued at $107,276,000 after acquiring an additional 3,362,853 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of NOV by 401.9% in the second quarter. Ameriprise Financial Inc. now owns 3,165,518 shares of the oil and gas exploration company's stock valued at $39,347,000 after acquiring an additional 2,534,815 shares in the last quarter. Finally, Nuveen LLC purchased a new position in shares of NOV in the first quarter valued at approximately $33,742,000. 93.27% of the stock is 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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