Q2 Earnings Forecast for NOV Issued By Capital One Financial

NOV Inc. (NYSE:NOV) – Analysts at Capital One Financial boosted their Q2 2026 earnings per share estimates for NOV in a research note issued to investors on Monday, September 15th. Capital One Financial analyst D. Becker now forecasts that the oil and gas exploration company will post earnings per share of $0.27 for the quarter, up from their prior estimate of $0.26. The consensus estimate for NOV’s current full-year earnings is $1.40 per share. Capital One Financial also issued estimates for NOV’s Q3 2026 earnings at $0.28 EPS, Q4 2026 earnings at $0.33 EPS and FY2026 earnings at $1.10 EPS.

Several other research analysts have also recently issued reports on NOV. JPMorgan Chase & Co. cut NOV from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $17.00 to $15.00 in a research note on Wednesday, July 30th. Royal Bank Of Canada reduced their price objective on NOV from $19.00 to $18.00 and set an “outperform” rating for the company in a research note on Wednesday, July 30th. Wells Fargo & Company reduced their price objective on NOV from $11.00 to $10.00 and set an “underweight” rating for the company in a research note on Thursday, June 5th. Piper Sandler reduced their price objective on NOV from $16.00 to $14.00 and set a “neutral” rating for the company in a research note on Thursday, August 14th. Finally, Stifel Nicolaus reduced their price objective on NOV from $22.00 to $20.00 and set a “buy” rating for the company in a research note on Wednesday, July 30th. Seven equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $16.56.

NOV Trading Up 0.6%

NOV stock opened at $12.98 on Thursday. The stock has a 50-day moving average of $12.86 and a two-hundred day moving average of $13.02. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.72 and a current ratio of 2.58. NOV has a one year low of $10.84 and a one year high of $17.12. The stock has a market cap of $4.82 billion, a PE ratio of 10.64, a price-to-earnings-growth ratio of 3.71 and a beta of 1.34.

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

Institutional Trading of NOV

Institutional investors have recently made changes to their positions in the company. Banque Cantonale Vaudoise acquired a new stake in shares of NOV in the first quarter worth approximately $25,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of NOV in the first quarter worth approximately $36,000. CX Institutional acquired a new stake in shares of NOV in the first quarter worth approximately $42,000. CoreFirst Bank & Trust acquired a new stake in shares of NOV in the second quarter worth approximately $35,000. Finally, Quarry LP boosted its stake in shares of NOV by 119.7% in the first quarter. Quarry LP now owns 3,407 shares of the oil and gas exploration company’s stock worth $52,000 after acquiring an additional 1,856 shares during the last quarter. 93.27% of the stock is owned by institutional investors and hedge funds.

NOV Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be paid a $0.075 dividend. The ex-dividend date of this dividend is Friday, September 12th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.3%. NOV’s payout ratio is currently 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.