Seaport Res Ptn Comments on NOV's Q2 Earnings (NYSE:NOV)

NOV Inc. (NYSE:NOV - Free Report) - Investment analysts at Seaport Res Ptn lowered their Q2 2025 EPS estimates for NOV in a research note issued on Monday, February 10th. Seaport Res Ptn analyst T. Curran now forecasts that the oil and gas exploration company will earn $0.32 per share for the quarter, down from their previous forecast of $0.44. 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 Q3 2025 earnings at $0.37 EPS, Q4 2025 earnings at $0.41 EPS, Q1 2026 earnings at $0.31 EPS, Q2 2026 earnings at $0.37 EPS, Q3 2026 earnings at $0.41 EPS, Q4 2026 earnings at $0.49 EPS and FY2026 earnings at $1.57 EPS.

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 (EPS) for the quarter, topping 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%.

NOV has been the subject of several other research reports. Piper Sandler increased their price target on shares of NOV from $17.00 to $18.00 and gave the stock a "neutral" rating in a research report on Monday, February 10th. TD Cowen decreased their price objective on shares of NOV from $28.00 to $22.00 and set a "buy" rating on the stock in a research note on Monday, October 28th. Raymond James upped their price objective 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. 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 note on Thursday, February 6th. Finally, Evercore ISI reaffirmed an "in-line" rating and set a $18.00 price objective (down from $25.00) on shares of NOV in a research note on Wednesday, January 15th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, NOV has an average rating of "Hold" and a consensus target price of $19.53.

NOV Price Performance

NYSE:NOV traded down $0.37 during mid-day trading on Wednesday, hitting $15.56. The company's stock had a trading volume of 5,138,447 shares, compared to its average volume of 4,010,687. NOV has a fifty-two week low of $13.94 and a fifty-two week high of $21.20. 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 company has a market capitalization of $6.05 billion, a price-to-earnings ratio of 9.66, a P/E/G ratio of 1.00 and a beta of 1.64. The stock has a fifty day moving average of $14.92 and a 200-day moving average of $16.02.

Insider Activity

In other NOV news, Director David D. Harrison sold 1,784 shares of the firm's 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 of the company's stock, valued at approximately $1,786,311.10. This trade represents a 1.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.85% of the stock is owned by insiders.

Hedge Funds Weigh In On NOV

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Mercer Global Advisors Inc. ADV bought a new position in NOV in the fourth quarter valued at approximately $365,000. AQR Capital Management LLC boosted its stake in NOV by 85.9% in the fourth quarter. AQR Capital Management LLC now owns 3,784,096 shares of the oil and gas exploration company's stock valued at $55,248,000 after acquiring an additional 1,748,816 shares during the last quarter. Northern Trust Corp boosted its stake in NOV by 27.3% in the fourth quarter. Northern Trust Corp now owns 3,685,547 shares of the oil and gas exploration company's stock valued at $53,809,000 after acquiring an additional 790,010 shares during the last quarter. Earnest Partners LLC raised its holdings in NOV by 0.5% in the fourth quarter. Earnest Partners LLC now owns 3,883,015 shares of the oil and gas exploration company's stock worth $56,692,000 after purchasing an additional 17,871 shares during the period. Finally, Oxford Asset Management LLP raised its holdings in NOV by 192.8% in the fourth quarter. Oxford Asset Management LLP now owns 37,079 shares of the oil and gas exploration company's stock worth $541,000 after purchasing an additional 24,416 shares during the period. 93.27% of the stock is owned by institutional investors.

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.