NOV (NOV) Expected to Announce Quarterly Earnings on Monday

NOV (NYSE:NOV - Get Free Report) is expected to be issuing its Q1 2025 quarterly earnings data after the market closes on Monday, April 28th. Analysts expect NOV to post earnings of $0.26 per share and revenue of $2.11 billion for the quarter. NOV has set its Q1 2025 guidance at EPS.

NOV (NYSE:NOV - Get Free Report) last posted 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%. On average, analysts expect NOV to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

NOV Price Performance

NOV stock traded down $0.15 during trading hours on Wednesday, hitting $12.01. 4,345,599 shares of the stock traded hands, compared to its average volume of 3,887,578. The stock has a 50-day simple moving average of $14.02 and a 200 day simple moving average of $14.92. The company has a market cap of $4.55 billion, a P/E ratio of 7.46, a P/E/G ratio of 1.02 and a beta of 1.35. NOV has a one year low of $10.84 and a one year high of $21.20. The company has a current ratio of 2.46, a quick ratio of 1.64 and a debt-to-equity ratio of 0.26.

NOV Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a dividend of $0.075 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.30 annualized dividend and a dividend yield of 2.50%. NOV's dividend payout ratio (DPR) is 18.63%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on NOV. Evercore ISI reissued an "in-line" rating and set a $18.00 target price (down from $25.00) on shares of NOV in a research note on Wednesday, January 15th. Barclays increased their price objective on NOV from $12.00 to $13.00 and gave the company an "underweight" rating in a research report on Tuesday, February 18th. Royal Bank of Canada upgraded NOV from a "sector perform" rating to an "outperform" rating and set a $22.00 target price on the stock in a report on Monday, March 24th. Susquehanna reduced their target price on NOV from $21.00 to $19.00 and set a "positive" rating for the company in a report on Monday, April 14th. Finally, Piper Sandler lifted their price target on NOV from $17.00 to $18.00 and gave the stock a "neutral" rating in a research note on Monday, February 10th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $19.00.

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.