What is Zacks Research’s Estimate for NOV Q3 Earnings?

NOV Inc. (NYSE:NOV) – Equities research analysts at Zacks Research lifted their Q3 2026 EPS estimates for shares of NOV in a report issued on Monday, September 8th. Zacks Research analyst Team now expects that the oil and gas exploration company will post earnings per share of $0.27 for the quarter, up from their prior forecast of $0.24. The consensus estimate for NOV’s current full-year earnings is $1.40 per share. Zacks Research also issued estimates for NOV’s Q4 2026 earnings at $0.33 EPS, FY2026 earnings at $1.04 EPS, Q1 2027 earnings at $0.41 EPS and Q2 2027 earnings at $0.35 EPS.

Several other brokerages have also commented on NOV. Morgan Stanley dropped their price target on shares of NOV from $18.00 to $15.00 and set an “overweight” rating for the company in a research report on Friday, May 16th. Stifel Nicolaus dropped their price objective on NOV from $22.00 to $20.00 and set a “buy” rating for the company in a report on Wednesday, July 30th. Piper Sandler reduced their target price on NOV from $16.00 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, August 14th. Evercore ISI dropped their price target on NOV from $15.00 to $14.00 and set an “in-line” rating for the company in a research note on Wednesday, July 30th. Finally, Royal Bank Of Canada cut their price objective on NOV from $19.00 to $18.00 and set an “outperform” rating on the stock in a report on Wednesday, July 30th. Seven research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $16.56.

NOV Trading Up 0.1%

Shares of NOV stock opened at $13.07 on Wednesday. The firm’s 50-day simple moving average is $12.90 and its 200-day simple moving average is $13.09. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.58 and a quick ratio of 1.72. NOV has a 1-year low of $10.84 and a 1-year high of $17.12. The firm has a market cap of $4.85 billion, a P/E ratio of 10.71, a PEG ratio of 3.73 and a beta of 1.34.

NOV (NYSE:NOV) last announced its quarterly earnings data on Monday, July 28th. The oil and gas exploration company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.01). NOV had a net margin of 5.36% and a return on equity of 7.25%. The firm had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.16 billion. During the same period in the previous year, the company posted $0.57 EPS. The business’s quarterly revenue was down 1.3% on a year-over-year basis. NOV has set its Q3 2025 guidance at EPS.

Institutional Trading of NOV

Several hedge funds have recently made changes to their positions in NOV. Osaic Holdings Inc. increased its stake in shares of NOV by 32.5% in the second quarter. Osaic Holdings Inc. now owns 10,487 shares of the oil and gas exploration company’s stock valued at $131,000 after purchasing an additional 2,571 shares during the period. Headlands Technologies LLC bought a new position in shares of NOV in the second quarter worth $93,000. CANADA LIFE ASSURANCE Co acquired a new position in NOV during the 2nd quarter valued at about $4,330,000. Vident Advisory LLC boosted its stake in NOV by 23.6% during the 2nd quarter. Vident Advisory LLC now owns 15,899 shares of the oil and gas exploration company’s stock valued at $198,000 after purchasing an additional 3,039 shares in the last quarter. Finally, Two Sigma Securities LLC bought a new position in NOV during the second quarter valued at about $849,000. Institutional investors own 93.27% of the company’s stock.

NOV Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, September 12th. NOV’s dividend payout ratio is 24.59%.

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.