NOV Inc. (NYSE:NOV - Free Report) - Stock analysts at Seaport Res Ptn lowered their Q1 2025 earnings per share estimates for shares of NOV in a report released on Monday, February 10th. Seaport Res Ptn analyst T. Curran now anticipates that the oil and gas exploration company will earn $0.24 per share for the quarter, down from their previous forecast of $0.38. Seaport Res Ptn has a "Hold" rating on the stock. The consensus estimate for NOV's current full-year earnings is $1.42 per share. Seaport Res Ptn also issued estimates for NOV's FY2025 earnings at $1.35 EPS.
Other equities research analysts have also issued research reports about the stock. Barclays lowered their price target on shares of NOV from $16.00 to $12.00 and set an "underweight" rating on the stock in a report on Wednesday, December 18th. Raymond James raised their price target 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 dropped their target price on NOV from $16.00 to $15.00 and set an "underweight" rating for the company in a report on Monday, November 4th. Susquehanna lowered their price target on NOV from $22.00 to $21.00 and set a "positive" rating on the stock in a research report on Monday, October 28th. Finally, TD Cowen cut their price objective on NOV from $28.00 to $22.00 and set a "buy" rating for the company in a report on Monday, October 28th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $19.53.
Read Our Latest Report on NOV
NOV Stock Performance
NOV traded down $0.37 on Thursday, hitting $15.56. 5,138,447 shares of the stock traded hands, compared to its average volume of 4,010,687. The business has a fifty day moving average price of $14.92 and a two-hundred day moving average price of $15.96. The company has a current ratio of 2.46, a quick ratio of 1.65 and a debt-to-equity ratio of 0.26. NOV has a 52 week low of $13.94 and a 52 week high of $21.20. The firm has a market capitalization of $6.05 billion, a PE ratio of 9.66, a P/E/G ratio of 1.00 and a beta of 1.64.
NOV (NYSE:NOV - Get Free Report) last announced its earnings results on Tuesday, February 4th. The oil and gas exploration company reported $0.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.35 by $0.06. NOV had a net margin of 7.16% and a return on equity of 9.88%.
Institutional Trading of NOV
Institutional investors and hedge funds have recently modified their holdings of the stock. Nomura Holdings Inc. bought a new position in NOV during the 4th quarter worth approximately $754,000. Millennium Management LLC boosted its position in shares of NOV by 181.2% during the fourth quarter. Millennium Management LLC now owns 1,743,550 shares of the oil and gas exploration company's stock worth $25,456,000 after purchasing an additional 1,123,431 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of NOV by 45.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 119,465 shares of the oil and gas exploration company's stock valued at $1,744,000 after buying an additional 37,558 shares during the period. Jefferies Financial Group Inc. bought a new stake in shares of NOV in the 4th quarter valued at $762,000. Finally, Gotham Asset Management LLC raised its stake in NOV by 502.3% during the 4th quarter. Gotham Asset Management LLC now owns 333,941 shares of the oil and gas exploration company's stock worth $4,876,000 after buying an additional 278,501 shares during the period. 93.27% of the stock is owned by institutional investors.
Insider Buying and Selling at NOV
In related news, Director David D. Harrison sold 1,784 shares of the company's stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $16.10, for a total value of $28,722.40. Following the completion of the sale, the director now owns 110,951 shares in the company, valued at approximately $1,786,311.10. This represents a 1.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 1.85% of the company's stock.
About NOV
(
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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.
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