NOV Inc. (NYSE:NOV) Given Consensus Recommendation of “Hold” by Brokerages

Shares of NOV Inc. (NYSE:NOV) have been given an average recommendation of “Hold” by the seventeen research firms that are currently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $15.3846.

A number of equities research analysts have recently weighed in on the stock. Barclays raised their price target on shares of NOV from $11.00 to $14.00 and gave the company an “underweight” rating in a research note on Thursday, October 30th. Citigroup raised their price objective on shares of NOV from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Wednesday, October 8th. Raymond James Financial reiterated an “outperform” rating and issued a $17.00 price objective on shares of NOV in a report on Tuesday, October 28th. Susquehanna set a $17.00 price objective on shares of NOV and gave the company a “positive” rating in a report on Wednesday, July 30th. Finally, Zacks Research upgraded shares of NOV from a “strong sell” rating to a “hold” rating in a report on Monday, October 6th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in NOV. GAMMA Investing LLC raised its holdings in NOV by 172.9% during the 1st quarter. GAMMA Investing LLC now owns 4,320 shares of the oil and gas exploration company’s stock worth $66,000 after purchasing an additional 2,737 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in NOV during the 1st quarter worth approximately $36,000. D.A. Davidson & CO. bought a new position in NOV during the 1st quarter worth approximately $229,000. Penserra Capital Management LLC raised its holdings in NOV by 26.9% during the 1st quarter. Penserra Capital Management LLC now owns 42,649 shares of the oil and gas exploration company’s stock worth $649,000 after purchasing an additional 9,036 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in NOV by 15.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 669,077 shares of the oil and gas exploration company’s stock worth $10,183,000 after purchasing an additional 87,909 shares during the last quarter. Institutional investors own 93.27% of the company’s stock.

NOV Trading Down 2.2%

Shares of NOV stock opened at $14.71 on Wednesday. The company has a market capitalization of $5.37 billion, a price-to-earnings ratio of 14.71, a PEG ratio of 4.73 and a beta of 1.26. The company has a quick ratio of 1.72, a current ratio of 2.55 and a debt-to-equity ratio of 0.26. NOV has a 12-month low of $10.84 and a 12-month high of $16.86. The firm’s 50-day moving average price is $13.38 and its two-hundred day moving average price is $12.95.

NOV (NYSE:NOV) last announced its quarterly earnings data on Monday, October 27th. The oil and gas exploration company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.13). NOV had a return on equity of 5.89% and a net margin of 4.36%.The firm had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same quarter in the previous year, the company earned $0.33 earnings per share. The company’s quarterly revenue was down .7% on a year-over-year basis. NOV has set its Q4 2025 guidance at EPS. On average, analysts forecast that NOV will post 1.4 earnings per share for the current fiscal year.

NOV Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Friday, September 12th. NOV’s dividend payout ratio (DPR) is 30.00%.

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.