Zacks Research Has Pessimistic Outlook of NOV Q1 Earnings

NOV Inc. (NYSE:NOV) – Analysts at Zacks Research cut their Q1 2025 EPS estimates for NOV in a note issued to investors on Thursday, April 3rd. Zacks Research analyst R. Department now anticipates that the oil and gas exploration company will earn $0.25 per share for the quarter, down from their prior estimate of $0.27. The consensus estimate for NOV’s current full-year earnings is $1.40 per share. Zacks Research also issued estimates for NOV’s Q1 2025 earnings at $0.25 EPS, Q2 2025 earnings at $0.32 EPS, Q2 2025 earnings at $0.32 EPS, Q3 2025 earnings at $0.35 EPS, Q3 2025 earnings at $0.35 EPS, Q4 2025 earnings at $0.41 EPS, Q4 2025 earnings at $0.41 EPS, FY2025 earnings at $1.33 EPS, FY2025 earnings at $1.33 EPS, Q1 2026 earnings at $0.27 EPS, Q1 2026 earnings at $0.27 EPS, Q1 2027 earnings at $0.48 EPS, Q1 2027 earnings at $0.48 EPS and FY2027 earnings at $1.82 EPS.

Several other equities analysts have also commented on NOV. 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 research note on Sunday, January 5th. Atb Cap Markets cut NOV from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Piper Sandler raised their price objective on NOV from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Monday, February 10th. Finally, Raymond James boosted their target price on NOV from $18.00 to $19.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $19.60.

NOV Stock Performance

NYSE:NOV opened at $13.37 on Friday. The company has a quick ratio of 1.64, a current ratio of 2.46 and a debt-to-equity ratio of 0.26. The firm’s fifty day simple moving average is $14.97 and its 200 day simple moving average is $15.37. The stock has a market cap of $5.09 billion, a P/E ratio of 8.30, a price-to-earnings-growth ratio of 1.02 and a beta of 1.34. NOV has a twelve month low of $12.52 and a twelve month high of $21.20.

NOV (NYSE:NOV) last issued its quarterly earnings data on Tuesday, February 4th. The oil and gas exploration company reported $0.41 earnings per share 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%.

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 was Friday, March 14th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.24%. NOV’s dividend payout ratio is currently 18.63%.

Hedge Funds Weigh In On NOV

Several institutional investors have recently made changes to their positions in the business. Huntington National Bank increased its holdings in NOV by 88.7% during 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 grew its holdings in NOV by 282.9% during the fourth quarter. Covestor Ltd now owns 2,240 shares of the oil and gas exploration company’s stock valued at $33,000 after purchasing an additional 1,655 shares during the period. UMB Bank n.a. increased its position in NOV by 222.3% in the fourth quarter. UMB Bank n.a. now owns 2,337 shares of the oil and gas exploration company’s stock worth $34,000 after buying an additional 1,612 shares in the last quarter. Quarry LP purchased a new stake in NOV in the 3rd quarter worth approximately $36,000. Finally, Signaturefd LLC increased its stake in shares of NOV by 41.3% in 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 in the last quarter. Institutional investors 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.