Seaport Res Ptn Has Negative Outlook of NOV Q1 Earnings

NOV Inc. (NYSE:NOV) – Seaport Res Ptn decreased their Q1 2025 earnings per share estimates for NOV in a report released on Monday, February 10th. Seaport Res Ptn analyst T. Curran now expects that the oil and gas exploration company will post earnings of $0.24 per share for the quarter, down from their prior estimate 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 analysts have also issued reports about the stock. Citigroup lowered shares of NOV from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $21.00 to $18.00 in a report on Monday, November 11th. Atb Cap Markets downgraded NOV from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. TD Cowen reduced 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. Stifel Nicolaus lowered their target price on shares of NOV from $25.00 to $24.00 and set a “buy” rating on the stock in a research note on Monday, October 28th. Finally, Royal Bank of Canada lifted their price target 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. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $19.53.

NOV Trading Down 1.8 %

Shares of NYSE NOV opened at $16.00 on Thursday. The firm’s 50 day moving average price is $14.91 and its 200-day moving average price is $16.05. NOV has a 52-week low of $13.94 and a 52-week high of $21.20. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.65 and a current ratio of 2.46. The company has a market cap of $6.23 billion, a PE ratio of 9.94, a P/E/G ratio of 1.00 and a beta of 1.64.

NOV (NYSE:NOV) last announced 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 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 Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Huntington National Bank raised 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 acquiring an additional 1,034 shares during the period. Massachusetts Financial Services Co. MA raised its stake in NOV by 1.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 308,080 shares of the oil and gas exploration company’s stock valued at $4,498,000 after purchasing an additional 5,019 shares during the period. Headlands Technologies LLC purchased a new position in NOV in the 4th quarter worth approximately $70,000. Geode Capital Management LLC boosted its stake in NOV by 4.7% in the 4th quarter. Geode Capital Management LLC now owns 6,697,650 shares of the oil and gas exploration company’s stock worth $97,815,000 after purchasing an additional 302,009 shares during the period. Finally, National Bank of Canada FI purchased a new stake in NOV during the 4th quarter valued at approximately $10,678,000. Institutional investors own 93.27% of the company’s stock.

Insider Buying and Selling at NOV

In other NOV news, Director David D. Harrison sold 1,784 shares of the company’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 completion of the transaction, the director now directly owns 110,951 shares in the company, valued at $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 is available through this hyperlink. 1.85% of the stock is currently owned by corporate insiders.

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.