NOV (NYSE:NOV) Lowered to Hold Rating by Atb Cap Markets

Atb Cap Markets cut shares of NOV (NYSE:NOV - Free Report) from a strong-buy rating to a hold rating in a research report released on Tuesday,Zacks.com reports. Atb Cap Markets also issued estimates for NOV's Q2 2025 earnings at $0.35 EPS, Q3 2025 earnings at $0.36 EPS, Q4 2025 earnings at $0.36 EPS, FY2025 earnings at $1.39 EPS, Q2 2026 earnings at $0.41 EPS, Q3 2026 earnings at $0.42 EPS, FY2026 earnings at $1.59 EPS and FY2027 earnings at $1.76 EPS.

Other equities analysts also recently issued research reports about the company. Susquehanna dropped their price target on NOV from $22.00 to $21.00 and set a "positive" rating for the company in a research report on Monday, October 28th. JPMorgan Chase & Co. decreased their price objective on NOV from $23.00 to $22.00 and set an "overweight" rating on the stock in a report on Thursday, October 3rd. BMO Capital Markets decreased their price objective on NOV from $22.00 to $20.00 and set a "market perform" rating on the stock in a report on Thursday, October 10th. Stifel Nicolaus decreased their price objective on NOV from $25.00 to $24.00 and set a "buy" rating on the stock in a report on Monday, October 28th. Finally, TD Cowen decreased their price objective on NOV from $28.00 to $22.00 and set a "buy" rating on the stock in a report on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $20.64.

NOV Price Performance

NOV stock traded down $0.21 during mid-day trading on Tuesday, hitting $15.17. 1,769,368 shares of the company were exchanged, compared to its average volume of 3,699,542. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.57 and a quick ratio of 1.65. The business's 50 day simple moving average is $15.90 and its two-hundred day simple moving average is $17.15. The company has a market capitalization of $5.90 billion, a P/E ratio of 5.68, a PEG ratio of 0.87 and a beta of 1.66. NOV has a 12-month low of $14.94 and a 12-month high of $21.23.

NOV Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date is Friday, December 6th. NOV's dividend payout ratio is presently 11.07%.

Insiders Place Their Bets

In other NOV news, Director David D. Harrison sold 1,784 shares of the business's 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 transaction, the director now owns 110,951 shares in the company, valued at $1,786,311.10. The trade was a 1.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.85% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Rothschild Investment LLC purchased a new stake in shares of NOV during the second quarter worth about $28,000. Quarry LP purchased a new stake in shares of NOV during the third quarter worth about $36,000. American National Bank & Trust purchased a new stake in shares of NOV during the third quarter worth about $39,000. International Assets Investment Management LLC increased its position in shares of NOV by 1,590.1% during the third quarter. International Assets Investment Management LLC now owns 2,907 shares of the oil and gas exploration company's stock worth $46,000 after acquiring an additional 2,735 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new stake in shares of NOV during the third quarter worth about $48,000. Institutional investors and hedge funds 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.