Atb Cap Markets Analysts Reduce Earnings Estimates for NOV

NOV Inc. (NYSE:NOV - Free Report) - Atb Cap Markets decreased their Q1 2025 earnings per share estimates for NOV in a report released on Wednesday, February 5th. Atb Cap Markets analyst W. Syed now expects that the oil and gas exploration company will post earnings of $0.24 per share for the quarter, down from their previous estimate of $0.32. Atb Cap Markets currently has a "Hold" rating on the stock. The consensus estimate for NOV's current full-year earnings is $1.42 per share. Atb Cap Markets also issued estimates for NOV's Q2 2025 earnings at $0.32 EPS, FY2025 earnings at $1.37 EPS, Q1 2026 earnings at $0.33 EPS, Q2 2026 earnings at $0.38 EPS and FY2027 earnings at $1.79 EPS.

NOV (NYSE:NOV - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The oil and gas exploration company reported $0.41 EPS for the quarter, topping analysts' consensus estimates of $0.35 by $0.06. NOV had a return on equity of 9.88% and a net margin of 7.16%.

Several other analysts have also recently commented on NOV. TD Cowen lowered their price target on NOV from $28.00 to $22.00 and set a "buy" rating for the company in a report on Monday, October 28th. Barclays cut their price objective on shares of NOV from $16.00 to $12.00 and set an "underweight" rating on the stock in a research report on Wednesday, December 18th. Royal Bank of Canada increased their target price on shares of NOV from $21.00 to $22.00 and gave the company a "sector perform" rating in a research note on Thursday. ATB Capital reaffirmed a "sector perform" rating and set a $19.00 target price on shares of NOV in a research note on Tuesday, December 10th. Finally, Wells Fargo & Company cut their price target on shares of NOV from $16.00 to $15.00 and set an "underweight" rating on the stock in a report on Monday, November 4th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, NOV presently has a consensus rating of "Hold" and a consensus price target of $19.53.

NOV Stock Performance

NYSE NOV traded up $0.41 on Friday, hitting $16.03. 1,693,031 shares of the company's stock were exchanged, compared to its average volume of 3,839,303. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.46 and a quick ratio of 1.65. NOV has a fifty-two week low of $13.94 and a fifty-two week high of $21.20. The firm has a market cap of $6.24 billion, a price-to-earnings ratio of 9.96, a P/E/G ratio of 1.00 and a beta of 1.64. The firm's 50-day moving average price is $14.91 and its two-hundred day moving average price is $16.10.

NOV Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 1.87%. The ex-dividend date was Friday, December 6th. NOV's payout ratio is 18.63%.

Insider Activity at NOV

In related news, Director David D. Harrison sold 1,784 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $16.10, for a total value of $28,722.40. Following the completion of 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 document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.85% of the company's stock.

Institutional Investors Weigh In On NOV

A number of institutional investors have recently modified their holdings of the company. Pacer Advisors Inc. boosted its holdings in NOV by 12,344.0% during the 4th quarter. Pacer Advisors Inc. now owns 12,309,433 shares of the oil and gas exploration company's stock worth $179,718,000 after acquiring an additional 12,210,514 shares during the last quarter. Pzena Investment Management LLC raised its stake in NOV by 22.3% in the third quarter. Pzena Investment Management LLC now owns 43,027,106 shares of the oil and gas exploration company's stock valued at $687,143,000 after purchasing an additional 7,851,220 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of NOV by 23.1% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 37,153,173 shares of the oil and gas exploration company's stock worth $593,336,000 after acquiring an additional 6,963,660 shares during the last quarter. First Pacific Advisors LP bought a new stake in NOV in the 4th quarter worth approximately $39,495,000. Finally, Weiss Asset Management LP bought a new position in NOV during the third quarter valued at approximately $35,709,000. 93.27% of the stock is owned by institutional investors.

About NOV

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.