NOV (NOV) to Announce Quarterly Earnings on Tuesday

NOV (NYSE:NOV) will likely be releasing its Q2 2026 results after the market closes on Tuesday, July 28th. Analysts expect the company to announce earnings of $0.16 per share and revenue of $2.0843 billion for the quarter. Individuals are encouraged to explore the company’s upcoming Q2 2026 earning overview page for the latest details on the call scheduled for Wednesday, July 29, 2026 at 11:00 AM ET.

NOV (NYSE:NOV) last issued its earnings results on Tuesday, April 28th. The oil and gas exploration company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.12). The firm had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.05 billion. NOV had a return on equity of 3.34% and a net margin of 1.05%.The firm’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.19 earnings per share. On average, analysts expect NOV to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

NOV Trading Up 3.1%

Shares of NOV opened at $20.75 on Friday. The stock has a market capitalization of $7.45 billion, a P/E ratio of 86.45 and a beta of 0.91. The company has a quick ratio of 1.66, a current ratio of 2.47 and a debt-to-equity ratio of 0.27. The firm has a fifty day simple moving average of $19.74 and a two-hundred day simple moving average of $19.34. NOV has a twelve month low of $11.77 and a twelve month high of $21.55.

NOV Announces Dividend

The business also recently disclosed a special dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were given a dividend of $0.09 per share. This represents a yield of 170.0%. The ex-dividend date of this dividend was Friday, June 12th. NOV’s payout ratio is presently 150.00%.

Institutional Investors Weigh In On NOV

Several hedge funds and other institutional investors have recently modified their holdings of NOV. CIBC Private Wealth Group LLC raised its stake in NOV by 659.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,278 shares of the oil and gas exploration company’s stock valued at $36,000 after purchasing an additional 1,978 shares during the period. Kestra Advisory Services LLC purchased a new stake in NOV during the 4th quarter valued at approximately $74,000. UMB Bank n.a. lifted its holdings in shares of NOV by 67.7% in the fourth quarter. UMB Bank n.a. now owns 5,214 shares of the oil and gas exploration company’s stock worth $81,000 after buying an additional 2,105 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of NOV by 33.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,595 shares of the oil and gas exploration company’s stock worth $82,000 after acquiring an additional 1,658 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new position in NOV during the second quarter valued at $93,000. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. TD Cowen raised NOV from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. Citigroup boosted their target price on shares of NOV from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Thursday, June 18th. Stifel Nicolaus upped their target price on shares of NOV from $21.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. The Goldman Sachs Group set a $19.00 price target on shares of NOV in a research note on Wednesday, June 3rd. Finally, Morgan Stanley set a $21.00 price objective on shares of NOV in a research note on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, NOV has an average rating of “Hold” and an average target price of $20.50.

NOV Company Profile

National Oilwell Varco (NYSE: NOV) is a leading provider of equipment and technology to the oil and gas industry. The company designs, manufactures and services an extensive portfolio of products used in drilling, completion and production operations. Its offerings include drilling rigs and related components, wellbore technologies such as tubulars and completion tools, surface equipment including mud pumps and blowout preventers, and aftermarket parts and services that support ongoing field operations.

NOV’s business is organized to serve upstream energy companies around the world.