Zacks Research Comments on NOV’s Q2 Earnings (NYSE:NOV)

NOV Inc. (NYSE:NOV) – Zacks Research decreased their Q2 2025 EPS estimates for NOV in a report issued on Friday, May 23rd. Zacks Research analyst R. Department now anticipates that the oil and gas exploration company will post earnings per share of $0.29 for the quarter, down from their prior forecast of $0.30. The consensus estimate for NOV’s current full-year earnings is $1.40 per share. Zacks Research also issued estimates for NOV’s FY2025 earnings at $1.09 EPS.

NOV (NYSE:NOV) last posted its quarterly earnings results on Monday, April 28th. The oil and gas exploration company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates 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%. The business’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.30 EPS.

Other equities analysts also recently issued research reports about the stock. Piper Sandler cut their target price on shares of NOV from $18.00 to $16.00 and set a “neutral” rating on the stock in a research note on Thursday, May 1st. Susquehanna cut their target price on shares of NOV from $21.00 to $19.00 and set a “positive” rating on the stock in a research note on Monday, April 14th. Royal Bank of Canada cut their target price on shares of NOV from $20.00 to $19.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 30th. Stifel Nicolaus cut their target price on shares of NOV from $25.00 to $23.00 and set a “buy” rating on the stock in a research note on Tuesday, April 15th. Finally, Barclays cut their target price on shares of NOV from $13.00 to $11.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 30th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, NOV currently has an average rating of “Hold” and an average price target of $17.50.

NOV Stock Performance

Shares of NOV stock opened at $12.15 on Monday. The company’s fifty day simple moving average is $12.89 and its 200-day simple moving average is $14.36. NOV has a 52 week low of $10.84 and a 52 week 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 company has a market cap of $4.56 billion, a PE ratio of 7.54, a P/E/G ratio of 1.02 and a beta of 1.27.

Institutional Investors Weigh In On NOV

Hedge funds and other institutional investors have recently modified their holdings of the stock. Banque Cantonale Vaudoise bought a new stake in shares of NOV in the 1st quarter worth about $25,000. Huntington National Bank boosted its holdings in shares of NOV by 88.7% in the 4th quarter. Huntington National Bank now owns 2,200 shares of the oil and gas exploration company’s stock valued at $32,000 after buying an additional 1,034 shares during the period. Covestor Ltd boosted its holdings in shares of NOV by 282.9% in the 4th quarter. Covestor Ltd now owns 2,240 shares of the oil and gas exploration company’s stock valued at $33,000 after buying an additional 1,655 shares during the period. UMB Bank n.a. boosted its holdings in shares of NOV by 222.3% in the 4th quarter. UMB Bank n.a. now owns 2,337 shares of the oil and gas exploration company’s stock valued at $34,000 after buying an additional 1,612 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of NOV in the 1st quarter valued at about $36,000. Institutional investors own 93.27% of the company’s stock.

NOV Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be given a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 2.47%. The ex-dividend date of this dividend is Friday, June 13th. NOV’s payout ratio is currently 20.00%.

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.