Atb Cap Markets Has Pessimistic View of NOV Q1 Earnings

NOV Inc. (NYSE:NOV - Free Report) - Equities research analysts at Atb Cap Markets dropped their Q1 2026 earnings per share estimates for shares of NOV in a research note issued on Tuesday, December 10th. Atb Cap Markets analyst W. Syed now anticipates that the oil and gas exploration company will post earnings of $0.34 per share for the quarter, down from their prior forecast of $0.36. 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.

Several other analysts have also recently weighed in on the stock. Morgan Stanley decreased their price objective on NOV from $25.00 to $23.00 and set an "overweight" rating for the company in a report on Monday, September 16th. Susquehanna cut their price target on shares of NOV from $22.00 to $21.00 and set a "positive" rating on the stock in a research report on Monday, October 28th. Stifel Nicolaus dropped their price objective on NOV from $25.00 to $24.00 and set a "buy" rating on the stock in a research note on Monday, October 28th. Wells Fargo & Company cut their target price on NOV from $16.00 to $15.00 and set an "underweight" rating on the stock in a report on Monday, November 4th. Finally, Citigroup lowered shares of NOV from a "buy" rating to a "neutral" rating and decreased their price target for the company from $21.00 to $18.00 in a research note 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $20.64.

NOV Trading Down 0.6 %

Shares of NYSE:NOV traded down $0.09 during midday trading on Friday, hitting $15.00. 2,829,944 shares of the stock were exchanged, compared to its average volume of 3,701,235. The business's 50-day moving average price is $15.87 and its 200 day moving average price is $17.14. The stock has a market capitalization of $5.84 billion, a price-to-earnings ratio of 5.57, a P/E/G ratio of 0.89 and a beta of 1.66. NOV has a 12 month low of $14.83 and a 12 month high of $21.23. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.65 and a current ratio of 2.57.

NOV Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be issued a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 2.00%. The ex-dividend date is Friday, December 6th. NOV's dividend payout ratio (DPR) is currently 11.07%.

Insider Activity at NOV

In other NOV news, Director David D. Harrison sold 1,784 shares of NOV stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $16.10, for a total transaction 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. The trade was a 1.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.85% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On NOV

Several hedge funds have recently bought and sold shares of NOV. Truist Financial Corp raised its stake in NOV by 3.4% in the second quarter. Truist Financial Corp now owns 29,729 shares of the oil and gas exploration company's stock valued at $565,000 after purchasing an additional 991 shares in the last quarter. HM Payson & Co. grew its position in NOV by 2.1% in the third quarter. HM Payson & Co. now owns 49,000 shares of the oil and gas exploration company's stock worth $783,000 after acquiring an additional 1,000 shares in the last quarter. KBC Group NV increased its stake in NOV by 11.8% in the third quarter. KBC Group NV now owns 11,060 shares of the oil and gas exploration company's stock valued at $177,000 after acquiring an additional 1,163 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its position in NOV by 2.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 51,567 shares of the oil and gas exploration company's stock valued at $980,000 after purchasing an additional 1,164 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in NOV by 7.1% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 18,960 shares of the oil and gas exploration company's stock worth $360,000 after purchasing an additional 1,261 shares during the last quarter. Hedge funds and other institutional investors own 93.27% of the company's stock.

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.