Atb Cap Markets Issues Negative Forecast for NOV Earnings

NOV Inc. (NYSE:NOV) – Research analysts at Atb Cap Markets decreased their Q1 2025 EPS estimates for shares of NOV in a research note issued on Wednesday, February 5th. Atb Cap Markets analyst W. Syed now anticipates that the oil and gas exploration company will post earnings per share of $0.24 for the quarter, down from their prior estimate of $0.32. Atb Cap Markets currently has a “Hold” rating on the stock. The consensus estimate for NOV’s current full-year earnings is $1.53 per share. Atb Cap Markets also issued estimates for NOV’s Q2 2025 earnings at $0.32 EPS, FY2025 earnings at $1.37 EPS, Q1 2026 earnings at $0.33 EPS, Q2 2026 earnings at $0.38 EPS and FY2027 earnings at $1.79 EPS.

Several other brokerages also recently issued reports on NOV. Citigroup downgraded shares of NOV from a “buy” rating to a “neutral” rating and reduced their price target for the company from $21.00 to $18.00 in a report on Monday, November 11th. Evercore ISI restated an “in-line” rating and issued a $18.00 target price (down previously from $25.00) on shares of NOV in a research report on Wednesday, January 15th. Royal Bank of Canada lifted their price target on NOV from $21.00 to $22.00 and gave the company a “sector perform” rating in a report on Thursday. ATB Capital reissued a “sector perform” rating and issued a $19.00 price objective on shares of NOV in a report on Tuesday, December 10th. Finally, TD Cowen cut their target price on NOV from $28.00 to $22.00 and set a “buy” rating on the stock in a research note on Monday, October 28th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $19.47.

NOV Trading Down 5.9 %

NYSE:NOV opened at $15.46 on Friday. NOV has a 12-month low of $13.94 and a 12-month high of $21.20. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.57 and a quick ratio of 1.65. The business has a 50 day simple moving average of $14.92 and a 200 day simple moving average of $16.15. The firm has a market capitalization of $6.01 billion, a P/E ratio of 5.70, a P/E/G ratio of 0.93 and a beta of 1.64.

NOV (NYSE:NOV) last issued its earnings results on Tuesday, February 4th. The oil and gas exploration company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.06. NOV had a return on equity of 10.82% and a net margin of 12.05%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Creative Planning grew its position in NOV by 29.8% during the 2nd quarter. Creative Planning now owns 33,815 shares of the oil and gas exploration company’s stock worth $643,000 after purchasing an additional 7,757 shares in the last quarter. Truist Financial Corp raised its position in NOV by 3.4% during the second quarter. Truist Financial Corp now owns 29,729 shares of the oil and gas exploration company’s stock valued at $565,000 after buying an additional 991 shares during the period. Sanctuary Advisors LLC purchased a new position in NOV during the 2nd quarter valued at about $285,000. Diversified Trust Co acquired a new position in shares of NOV in the 3rd quarter valued at about $595,000. Finally, nVerses Capital LLC purchased a new position in NOV during the third quarter valued at approximately $487,000. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director David D. Harrison sold 1,784 shares of NOV stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $16.10, for a total value of $28,722.40. Following the transaction, the director now owns 110,951 shares of the company’s stock, valued at approximately $1,786,311.10. This trade represents a 1.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.85% of the company’s stock.

NOV Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were issued a $0.075 dividend. The ex-dividend date was Friday, December 6th. This represents a $0.30 annualized dividend and a dividend yield of 1.94%. NOV’s dividend payout ratio is currently 11.07%.

NOV Company Profile

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.