NOV Inc. (NYSE:NOV - Get Free Report) has been given an average recommendation of "Hold" by the eighteen analysts that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $19.60.
A number of analysts have commented on the stock. ATB Capital reiterated a "sector perform" rating and issued a $19.00 price target on shares of NOV in a research note on Tuesday, December 10th. Piper Sandler raised their target price on shares of NOV from $17.00 to $18.00 and gave the company a "neutral" rating in a research note on Monday, February 10th. Wells Fargo & Company lowered their price target on NOV from $16.00 to $15.00 and set an "underweight" rating on the stock in a research report on Monday, November 4th. Evercore ISI reaffirmed an "in-line" rating and issued a $18.00 price objective (down from $25.00) on shares of NOV in a research report on Wednesday, January 15th. Finally, Royal Bank of Canada lifted their target price on NOV from $21.00 to $22.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 6th.
Read Our Latest Research Report on NOV
NOV Stock Down 4.9 %
Shares of NYSE NOV traded down $0.74 during mid-day trading on Friday, hitting $14.19. The company had a trading volume of 2,262,847 shares, compared to its average volume of 3,855,963. The company has a current ratio of 2.46, a quick ratio of 1.64 and a debt-to-equity ratio of 0.26. The firm has a 50-day simple moving average of $15.01 and a two-hundred day simple moving average of $15.76. The company has a market capitalization of $5.40 billion, a PE ratio of 8.79, a price-to-earnings-growth ratio of 1.02 and a beta of 1.64. NOV has a one year low of $13.94 and a one year high of $21.20.
NOV (NYSE:NOV - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The oil and gas exploration company reported $0.41 earnings per share for the quarter, beating 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%. On average, equities analysts expect that NOV will post 1.4 EPS for the current year.
NOV Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.075 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.30 annualized dividend and a dividend yield of 2.11%. NOV's dividend payout ratio is presently 18.63%.
Institutional Investors Weigh In On NOV
Institutional investors have recently made changes to their positions in the stock. Mariner LLC increased its stake in NOV by 2.9% during the 4th quarter. Mariner LLC now owns 24,201 shares of the oil and gas exploration company's stock worth $353,000 after acquiring an additional 672 shares during the period. Signaturefd LLC grew its holdings in shares of NOV by 41.3% during the 4th quarter. Signaturefd LLC now owns 2,587 shares of the oil and gas exploration company's stock worth $38,000 after purchasing an additional 756 shares in the last quarter. HM Payson & Co. increased its position in shares of 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 purchasing an additional 1,000 shares during the period. Huntington National Bank raised its stake in NOV by 88.7% in the fourth quarter. Huntington National Bank now owns 2,200 shares of the oil and gas exploration company's stock valued at $32,000 after purchasing an additional 1,034 shares in the last quarter. Finally, ProShare Advisors LLC lifted its position in NOV by 6.1% during the fourth quarter. ProShare Advisors LLC now owns 18,204 shares of the oil and gas exploration company's stock worth $266,000 after purchasing an additional 1,042 shares during the period. 93.27% of the stock is currently owned by institutional investors.
About NOV
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Get Free ReportNOV 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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