Zacks Research Brokers Increase Earnings Estimates for NOV

NOV Inc. (NYSE:NOV - Free Report) - Zacks Research lifted their Q2 2026 earnings per share estimates for shares of NOV in a report issued on Thursday, April 3rd. Zacks Research analyst R. Department now anticipates that the oil and gas exploration company will post earnings per share of $0.37 for the quarter, up from their previous forecast of $0.36. The consensus estimate for NOV's current full-year earnings is $1.40 per share. Zacks Research also issued estimates for NOV's Q3 2026 earnings at $0.38 EPS, Q4 2026 earnings at $0.42 EPS and FY2026 earnings at $1.44 EPS.

Other equities analysts have also issued reports about the stock. The Goldman Sachs Group cut their price objective on shares of NOV from $16.00 to $13.00 and set a "sell" rating on the stock in a report on Thursday. Piper Sandler boosted their price target on NOV from $17.00 to $18.00 and gave the stock a "neutral" rating in a research report on Monday, February 10th. Barclays raised 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. Seaport Res Ptn downgraded shares of NOV from a "strong-buy" rating to a "hold" rating in a report on Sunday, January 5th. Finally, Royal Bank of Canada upgraded shares of NOV from a "sector perform" rating to an "outperform" rating and set a $22.00 price target on the stock in a report on Monday, March 24th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $19.19.

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NOV Stock Up 2.8 %

NYSE NOV traded up $0.33 during trading on Monday, reaching $11.86. 4,526,514 shares of the company's stock traded hands, compared to its average volume of 3,869,058. The company's 50 day simple moving average is $14.54 and its two-hundred day simple moving average is $15.11. NOV has a 12-month low of $10.84 and a 12-month high of $21.20. The firm has a market cap of $4.52 billion, a price-to-earnings ratio of 7.36, a price-to-earnings-growth ratio of 1.02 and a beta of 1.35. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.46 and a quick ratio of 1.64.

NOV (NYSE:NOV - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The oil and gas exploration company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.35 by $0.06. NOV had a return on equity of 9.88% and a net margin of 7.16%.

NOV Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid 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 yield of 2.53%. NOV's payout ratio is presently 18.63%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of NOV. Huntington National Bank boosted its position 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 buying an additional 1,034 shares during the last quarter. Covestor Ltd lifted its stake in NOV by 282.9% during the 4th quarter. Covestor Ltd now owns 2,240 shares of the oil and gas exploration company's stock valued at $33,000 after acquiring an additional 1,655 shares during the period. UMB Bank n.a. boosted its holdings in shares of NOV by 222.3% in the 4th quarter. UMB Bank n.a. now owns 2,337 shares of the oil and gas exploration company's stock valued at $34,000 after acquiring an additional 1,612 shares during the last quarter. Quarry LP acquired a new stake in shares of NOV in the third quarter worth $36,000. Finally, Signaturefd LLC raised its holdings in shares of NOV by 41.3% during the fourth 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 during the last quarter. 93.27% of the stock is currently owned by hedge funds and other 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.