Griffin Securities Has Negative Estimate for NOV Q1 Earnings

NOV Inc. (NYSE:NOV - Free Report) - Griffin Securities cut their Q1 2025 earnings estimates for shares of NOV in a research note issued on Monday, February 10th. Griffin Securities analyst K. Simpson now expects that the oil and gas exploration company will post earnings of $0.32 per share for the quarter, down from their previous forecast of $0.33. The consensus estimate for NOV's current full-year earnings is $1.42 per share. Griffin Securities also issued estimates for NOV's Q2 2025 earnings at $0.34 EPS, Q3 2025 earnings at $0.36 EPS, Q4 2025 earnings at $0.43 EPS and FY2025 earnings at $1.45 EPS.

NOV (NYSE:NOV - Get Free Report) last posted its earnings results on Tuesday, February 4th. The oil and gas exploration company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.06. NOV had a net margin of 7.16% and a return on equity of 9.88%.

A number of other equities analysts have also recently weighed in on the stock. Royal Bank of Canada upped their price objective on shares of NOV from $21.00 to $22.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 6th. TD Cowen dropped their price objective on shares of NOV from $28.00 to $22.00 and set a "buy" rating for the company in a report on Monday, October 28th. Raymond James increased their target price on shares of NOV from $18.00 to $19.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. Wells Fargo & Company lowered their target price on shares of NOV from $16.00 to $15.00 and set an "underweight" rating for the company in a research note on Monday, November 4th. Finally, Seaport Res Ptn cut shares of NOV from a "strong-buy" rating to a "hold" rating in a research report on Sunday, January 5th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $19.53.

NOV Price Performance

NYSE:NOV traded down $0.37 during trading hours on Wednesday, reaching $15.56. 5,138,447 shares of the company were exchanged, compared to its average volume of 4,010,687. The company has a current ratio of 2.46, a quick ratio of 1.65 and a debt-to-equity ratio of 0.26. The stock's 50-day moving average is $14.92 and its 200-day moving average is $16.02. The firm has a market cap of $6.05 billion, a PE ratio of 9.66, a price-to-earnings-growth ratio of 1.00 and a beta of 1.64. NOV has a twelve month low of $13.94 and a twelve month high of $21.20.

Hedge Funds Weigh In On NOV

Hedge funds have recently modified their holdings of the business. Huntington National Bank grew its position in shares of NOV by 88.7% during the fourth quarter. Huntington National Bank now owns 2,200 shares of the oil and gas exploration company's stock worth $32,000 after acquiring an additional 1,034 shares during the last quarter. Covestor Ltd grew its position in shares of NOV by 282.9% during the fourth quarter. Covestor Ltd now owns 2,240 shares of the oil and gas exploration company's stock worth $33,000 after acquiring an additional 1,655 shares during the last quarter. UMB Bank n.a. grew its position in shares of NOV by 222.3% during the fourth quarter. UMB Bank n.a. now owns 2,337 shares of the oil and gas exploration company's stock worth $34,000 after acquiring an additional 1,612 shares during the last quarter. Quarry LP purchased a new position in shares of NOV during the third quarter worth approximately $36,000. Finally, Signaturefd LLC grew its position in shares of NOV by 41.3% during the fourth quarter. Signaturefd LLC now owns 2,587 shares of the oil and gas exploration company's stock worth $38,000 after acquiring an additional 756 shares during the last quarter. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at NOV

In other NOV 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 transaction, the director now directly owns 110,951 shares in the company, valued at $1,786,311.10. This represents a 1.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.85% of the stock is currently owned by insiders.

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.