Atb Cap Markets Issues Optimistic Forecast for NOV Earnings

NOV Inc. (NYSE:NOV) – Atb Cap Markets boosted their Q2 2026 earnings per share estimates for NOV in a report issued on Tuesday, April 29th. Atb Cap Markets analyst W. Syed now forecasts that the oil and gas exploration company will post earnings of $0.34 per share for the quarter, up from their prior forecast of $0.33. The consensus estimate for NOV’s current full-year earnings is $1.40 per share. Atb Cap Markets also issued estimates for NOV’s FY2027 earnings at $1.39 EPS.

NOV (NYSE:NOV) last issued its earnings results on Monday, April 28th. The oil and gas exploration company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.06). The company had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.11 billion. NOV had a return on equity of 9.88% and a net margin of 7.16%. NOV’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.30 earnings per share.

A number of other equities research analysts have also recently weighed in on the company. Seaport Res Ptn cut NOV from a “strong-buy” rating to a “hold” rating in a report on Sunday, January 5th. Wells Fargo & Company raised their price target on NOV from $10.00 to $11.00 and gave the company an “underweight” rating in a research report on Thursday. Susquehanna decreased their price objective on shares of NOV from $21.00 to $19.00 and set a “positive” rating on the stock in a research report on Monday, April 14th. Stifel Nicolaus dropped their target price on shares of NOV from $25.00 to $23.00 and set a “buy” rating for the company in a report on Tuesday, April 15th. Finally, Piper Sandler cut their target price on shares of NOV from $18.00 to $16.00 and set a “neutral” rating for the company in a research report on Thursday. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, NOV has a consensus rating of “Hold” and an average target price of $18.00.

NOV Trading Up 3.3 %

Shares of NOV stock opened at $12.27 on Friday. The company has a 50-day moving average of $13.50 and a two-hundred day moving average of $14.69. NOV has a 12-month low of $10.84 and a 12-month high of $21.20. The company has a current ratio of 2.46, a quick ratio of 1.64 and a debt-to-equity ratio of 0.26. The stock has a market cap of $4.61 billion, a PE ratio of 7.62, a price-to-earnings-growth ratio of 1.02 and a beta of 1.27.

NOV Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date was Friday, March 14th. NOV’s payout ratio is 20.00%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of NOV. Harbor Capital Advisors Inc. boosted its position in shares of NOV by 10.8% in the fourth quarter. Harbor Capital Advisors Inc. now owns 581,446 shares of the oil and gas exploration company’s stock worth $8,489,000 after acquiring an additional 56,665 shares during the last quarter. Greenhaven Associates Inc. boosted its holdings in shares of NOV by 61.7% in the 4th quarter. Greenhaven Associates Inc. now owns 3,291,042 shares of the oil and gas exploration company’s stock valued at $48,049,000 after purchasing an additional 1,255,666 shares during the last quarter. Barclays PLC grew its stake in shares of NOV by 120.1% during the 3rd quarter. Barclays PLC now owns 473,545 shares of the oil and gas exploration company’s stock valued at $7,561,000 after buying an additional 258,392 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of NOV by 10.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 16,983 shares of the oil and gas exploration company’s stock worth $271,000 after buying an additional 1,656 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in shares of NOV by 5.6% in the 4th quarter. SG Americas Securities LLC now owns 397,149 shares of the oil and gas exploration company’s stock worth $5,798,000 after buying an additional 20,952 shares during the period. Institutional investors and hedge funds own 93.27% of the company’s stock.

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.