NOV Inc. (NYSE:NOV - Free Report) - Equities researchers at Atb Cap Markets lowered their Q2 2025 earnings estimates for shares of NOV in a report issued on Tuesday, December 10th. Atb Cap Markets analyst W. Syed now anticipates that the oil and gas exploration company will post earnings per share of $0.35 for the quarter, down from their previous estimate of $0.37. Atb Cap Markets has a "Hold" rating on the stock. The consensus estimate for NOV's current full-year earnings is $1.59 per share. Atb Cap Markets also issued estimates for NOV's Q3 2025 earnings at $0.36 EPS, Q4 2025 earnings at $0.36 EPS, FY2025 earnings at $1.39 EPS, Q2 2026 earnings at $0.41 EPS, Q3 2026 earnings at $0.42 EPS, FY2026 earnings at $1.59 EPS and FY2027 earnings at $1.76 EPS.
A number of other equities analysts also recently issued reports on the company. Barclays cut their price target on NOV from $17.00 to $16.00 and set an "underweight" rating for the company in a research note on Tuesday, October 29th. JPMorgan Chase & Co. cut their target price on NOV from $23.00 to $22.00 and set an "overweight" rating on the stock in a research report on Thursday, October 3rd. Wells Fargo & Company lowered their price target on NOV from $16.00 to $15.00 and set an "underweight" rating for the company in a research report on Monday, November 4th. Stifel Nicolaus cut their price objective on shares of NOV from $25.00 to $24.00 and set a "buy" rating on the stock in a report on Monday, October 28th. Finally, Citigroup downgraded shares of NOV from a "buy" rating to a "neutral" rating and lowered their target price for the company from $21.00 to $18.00 in a report on Monday, November 11th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $20.64.
Read Our Latest Stock Analysis on NOV
NOV Stock Down 1.2 %
Shares of NYSE NOV traded down $0.18 during mid-day trading on Thursday, reaching $15.20. 2,022,661 shares of the company's stock traded hands, compared to its average volume of 3,700,357. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.57 and a quick ratio of 1.65. The business has a 50-day simple moving average of $15.90 and a 200 day simple moving average of $17.15. The stock has a market cap of $5.91 billion, a P/E ratio of 5.68, a PEG ratio of 0.87 and a beta of 1.66. NOV has a 1-year low of $14.94 and a 1-year high of $21.23.
NOV Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date is Friday, December 6th. NOV's dividend payout ratio is currently 11.07%.
Insider Transactions at NOV
In other news, Director David D. Harrison sold 1,784 shares of the company's stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $16.10, for a total transaction of $28,722.40. Following the transaction, the director now owns 110,951 shares of the company's stock, valued at $1,786,311.10. This represents a 1.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.85% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On NOV
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rothschild Investment LLC bought a new stake in NOV during the 2nd quarter valued at $28,000. Quarry LP purchased a new position in shares of NOV in the third quarter valued at $36,000. American National Bank & Trust bought a new stake in shares of NOV during the 3rd quarter valued at $39,000. International Assets Investment Management LLC lifted its holdings in NOV by 1,590.1% during the 3rd quarter. International Assets Investment Management LLC now owns 2,907 shares of the oil and gas exploration company's stock worth $46,000 after purchasing an additional 2,735 shares in the last quarter. Finally, Brooklyn Investment Group bought a new position in NOV in the 3rd quarter worth about $48,000. 93.27% of the stock is currently owned by institutional investors.
About NOV
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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.
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