NOV Inc. (NYSE:NOV) Given Average Recommendation of “Hold” by Analysts

Shares of NOV Inc. (NYSE:NOV) have earned an average recommendation of “Hold” from the nineteen research firms that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $16.0667.

A number of research firms recently commented on NOV. Zacks Research raised NOV from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. Citigroup boosted their price target on NOV from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Wednesday. JPMorgan Chase & Co. lowered NOV from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $17.00 to $15.00 in a research note on Wednesday, July 30th. Evercore ISI dropped their price target on NOV from $15.00 to $14.00 and set an “in-line” rating on the stock in a research note on Wednesday, July 30th. Finally, Susquehanna set a $17.00 price target on NOV and gave the company a “positive” rating in a research note on Wednesday, July 30th.

NOV Price Performance

NOV stock opened at $12.33 on Friday. The stock’s 50 day moving average is $12.89 and its 200 day moving average is $12.87. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.58 and a quick ratio of 1.72. The firm has a market cap of $4.58 billion, a P/E ratio of 10.10, a P/E/G ratio of 3.80 and a beta of 1.26. NOV has a one year low of $10.84 and a one year high of $16.86.

NOV (NYSE:NOV) last posted its quarterly earnings data 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). The company had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.16 billion. NOV had a return on equity of 7.25% and a net margin of 5.36%.NOV’s revenue was down 1.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.57 earnings per share. NOV has set its Q3 2025 guidance at EPS. As a group, research analysts expect that NOV will post 1.4 EPS for the current year.

NOV Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were paid a $0.075 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $0.30 annualized dividend and a yield of 2.4%. NOV’s payout ratio is 24.59%.

Hedge Funds Weigh In On NOV

Institutional investors have recently added to or reduced their stakes in the business. American Century Companies Inc. increased its holdings in shares of NOV by 585.8% during the second quarter. American Century Companies Inc. now owns 5,291,529 shares of the oil and gas exploration company’s stock valued at $65,774,000 after acquiring an additional 4,519,957 shares in the last quarter. First Pacific Advisors LP increased its holdings in shares of NOV by 101.0% during the second quarter. First Pacific Advisors LP now owns 7,018,950 shares of the oil and gas exploration company’s stock valued at $87,246,000 after acquiring an additional 3,526,754 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of NOV by 88.9% during the first quarter. AQR Capital Management LLC now owns 7,146,949 shares of the oil and gas exploration company’s stock valued at $107,276,000 after acquiring an additional 3,362,853 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of NOV by 401.9% during the second quarter. Ameriprise Financial Inc. now owns 3,165,518 shares of the oil and gas exploration company’s stock valued at $39,347,000 after acquiring an additional 2,534,815 shares in the last quarter. Finally, Nuveen LLC bought a new stake in shares of NOV during the first quarter valued at approximately $33,742,000. 93.27% of the stock is owned by institutional investors and hedge funds.

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.