Analysts Issue Forecasts for NOV’s Q1 Earnings (NYSE:NOV)

NOV Inc. (NYSE:NOV) – Equities researchers at Zacks Research reduced their Q1 2025 earnings per share estimates for NOV in a note issued to investors on Tuesday, February 25th. Zacks Research analyst N. Choudhury now anticipates that the oil and gas exploration company will earn $0.27 per share for the quarter, down from their previous forecast of $0.29. The consensus estimate for NOV’s current full-year earnings is $1.40 per share. Zacks Research also issued estimates for NOV’s Q1 2026 earnings at $0.28 EPS, Q2 2026 earnings at $0.36 EPS, Q3 2026 earnings at $0.36 EPS, Q4 2026 earnings at $0.40 EPS, FY2026 earnings at $1.40 EPS and FY2027 earnings at $1.80 EPS.

Several other analysts have also recently commented on the company. Barclays lifted their price target on NOV from $12.00 to $13.00 and gave the company an “underweight” rating in a report on Tuesday, February 18th. Piper Sandler boosted their target price on shares of NOV from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Monday, February 10th. Citigroup downgraded shares of NOV from a “buy” rating to a “neutral” rating and cut their price target for the stock from $21.00 to $18.00 in a research note on Monday, November 11th. Royal Bank of Canada boosted their price objective on shares of NOV from $21.00 to $22.00 and gave the company a “sector perform” rating in a research note on Thursday, February 6th. Finally, Atb Cap Markets lowered NOV from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $19.60.

NOV Price Performance

Shares of NYSE:NOV opened at $14.94 on Thursday. The company has a market cap of $5.69 billion, a P/E ratio of 9.28, a P/E/G ratio of 1.02 and a beta of 1.64. The business has a fifty day simple moving average of $14.98 and a 200-day simple moving average of $15.81. NOV has a 52 week low of $13.94 and a 52 week high of $21.20. 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 (NYSE:NOV) last released its earnings results on Tuesday, February 4th. The oil and gas exploration company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.06. NOV had a net margin of 7.16% and a return on equity of 9.88%.

NOV Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.075 per share. The ex-dividend date is Friday, March 14th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.01%. NOV’s dividend payout ratio is currently 18.63%.

Institutional Investors Weigh In On NOV

Several hedge funds have recently bought and sold shares of NOV. Mariner LLC increased its holdings in shares of NOV by 2.9% in the 4th 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 period. Signaturefd LLC lifted its position in NOV by 41.3% during the 4th quarter. Signaturefd LLC now owns 2,587 shares of the oil and gas exploration company’s stock worth $38,000 after acquiring an additional 756 shares during the last quarter. HM Payson & Co. boosted its stake in NOV by 2.1% during the 3rd quarter. HM Payson & Co. now owns 49,000 shares of the oil and gas exploration company’s stock valued at $783,000 after purchasing an additional 1,000 shares during the period. Huntington National Bank grew its stake in shares of NOV by 88.7% in the fourth quarter. Huntington National Bank now owns 2,200 shares of the oil and gas exploration company’s stock worth $32,000 after acquiring an additional 1,034 shares during the last quarter. Finally, ProShare Advisors LLC boosted its holdings in NOV by 6.1% in 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 purchasing an additional 1,042 shares during the period. 93.27% of the stock is owned by hedge funds and other institutional investors.

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.