Zacks Research Issues Negative Estimate for NOV Earnings

NOV Inc. (NYSE:NOV) – Stock analysts at Zacks Research reduced their Q1 2026 earnings per share estimates for NOV in a report issued on Tuesday, June 24th. Zacks Research analyst R. Department now expects that the oil and gas exploration company will post earnings of $0.26 per share for the quarter, down from their prior estimate of $0.27. The consensus estimate for NOV’s current full-year earnings is $1.40 per share. Zacks Research also issued estimates for NOV’s Q3 2026 earnings at $0.32 EPS, FY2026 earnings at $1.30 EPS and FY2027 earnings at $1.49 EPS.

NOV (NYSE:NOV) last posted its earnings results on Monday, April 28th. The oil and gas exploration company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.06). The business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.11 billion. NOV had a net margin of 6.68% and a return on equity of 9.11%. The firm’s revenue was down 2.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.30 earnings per share.

A number of other analysts have also commented on the company. Barclays cut their price target on NOV from $13.00 to $11.00 and set an “underweight” rating on the stock in a report on Wednesday, April 30th. Piper Sandler reduced their price target on NOV from $18.00 to $16.00 and set a “neutral” rating for the company in a research report on Thursday, May 1st. Susquehanna reduced their price target on NOV from $21.00 to $19.00 and set a “positive” rating for the company in a research report on Monday, April 14th. Royal Bank Of Canada reduced their price target on NOV from $20.00 to $19.00 and set an “outperform” rating for the company in a research report on Wednesday, April 30th. Finally, Stifel Nicolaus reduced their price target on NOV from $25.00 to $23.00 and set a “buy” rating for the company in a research report on Tuesday, April 15th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $17.44.

NOV Stock Performance

Shares of NOV stock opened at $13.00 on Thursday. The firm has a market cap of $4.88 billion, a price-to-earnings ratio of 8.67, a price-to-earnings-growth ratio of 3.18 and a beta of 1.28. The stock’s 50-day moving average is $12.61 and its 200-day moving average is $13.86. NOV has a one year low of $10.84 and a one year high of $21.20. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.65 and a quick ratio of 1.76.

Institutional Trading of NOV

Several institutional investors and hedge funds have recently bought and sold shares of NOV. Banque Cantonale Vaudoise bought a new stake in NOV in the first quarter valued at approximately $25,000. Huntington National Bank increased its stake in shares of NOV by 88.7% during the fourth quarter. Huntington National Bank now owns 2,200 shares of the oil and gas exploration company’s stock worth $32,000 after purchasing an additional 1,034 shares during the period. Covestor Ltd increased its stake in shares of NOV by 282.9% during the fourth quarter. Covestor Ltd now owns 2,240 shares of the oil and gas exploration company’s stock worth $33,000 after purchasing an additional 1,655 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of NOV during the first quarter worth approximately $36,000. Finally, Signaturefd LLC increased its stake in shares of NOV by 41.3% during the fourth quarter. Signaturefd LLC now owns 2,587 shares of the oil and gas exploration company’s stock worth $38,000 after purchasing an additional 756 shares during the period. Institutional investors own 93.27% of the company’s stock.

NOV Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, June 13th. Shareholders of record on Tuesday, June 3rd were paid a $0.21 dividend. The ex-dividend date was Monday, June 2nd. This represents a yield of 3.63%. NOV’s dividend payout ratio is 20.00%.

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.