NOV (NYSE:NOV) Posts Quarterly Earnings Results, Misses Estimates By $0.23 EPS

NOV (NYSE:NOV) announced its earnings results on Wednesday. The oil and gas exploration company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.23), Zacks reports. The firm had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.17 billion. NOV had a return on equity of 5.89% and a net margin of 4.36%.NOV’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same quarter last year, the business posted $0.41 EPS.

NOV Price Performance

Shares of NOV stock traded down $1.07 on Thursday, reaching $18.31. The company had a trading volume of 4,586,567 shares, compared to its average volume of 4,754,154. The stock has a market capitalization of $6.68 billion, a PE ratio of 18.34, a price-to-earnings-growth ratio of 4.99 and a beta of 0.93. The company has a quick ratio of 1.71, a current ratio of 2.55 and a debt-to-equity ratio of 0.26. The business’s 50-day moving average is $16.86 and its 200 day moving average is $14.67. NOV has a one year low of $10.84 and a one year high of $19.51.

NOV Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Friday, December 5th. NOV’s payout ratio is currently 78.95%.

Insider Buying and Selling

In related news, Director Christian S. Kendall acquired 70,000 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The stock was acquired at an average price of $14.46 per share, with a total value of $1,012,200.00. Following the purchase, the director directly owned 85,949 shares in the company, valued at approximately $1,242,822.54. This trade represents a 438.90% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.08% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Royal Bank of Canada grew its position in NOV by 15.6% during the 1st quarter. Royal Bank of Canada now owns 49,721 shares of the oil and gas exploration company’s stock worth $756,000 after acquiring an additional 6,711 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of NOV by 35.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 161,927 shares of the oil and gas exploration company’s stock valued at $2,465,000 after purchasing an additional 42,462 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of NOV by 17.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,062,292 shares of the oil and gas exploration company’s stock worth $16,168,000 after purchasing an additional 157,385 shares during the last quarter. Focus Partners Wealth acquired a new position in shares of NOV in the first quarter valued at approximately $214,000. Finally, Cetera Investment Advisers bought a new position in NOV in the 2nd quarter valued at approximately $190,000. 93.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Susquehanna boosted their target price on shares of NOV from $17.00 to $20.00 and gave the company a “positive” rating in a research report on Wednesday, January 7th. TD Cowen reissued a “buy” rating on shares of NOV in a report on Wednesday, January 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NOV in a report on Monday, December 29th. The Goldman Sachs Group reiterated a “sell” rating and issued a $17.00 price target on shares of NOV in a research note on Wednesday, January 14th. Finally, Raymond James Financial reissued an “outperform” rating and set a $17.00 price target on shares of NOV in a research report on Tuesday, October 28th. Six research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $17.31.

Key Headlines Impacting NOV

Here are the key news stories impacting NOV this week:

• Positive Sentiment: NOV reported strong cash generation and shareholder returns — $1.25B cash from operations, $876M free cash flow for 2025 and $505M returned via buybacks/dividends — which supports the company’s balance sheet and buyback plan. Read More.
• Positive Sentiment: Recent commercial wins and tech traction (Downhole Broadband, automation packages, equipment awards) point to durable competitive advantages and potential upside if offshore activity recovers. Read More.
• Positive Sentiment: Barclays upgraded NOV from Underweight to Equal Weight and raised its target to $20, signaling some analyst conviction that the shares may be nearer fair value after the selloff. Read More.
• Neutral Sentiment: Top‑line showed a modest sequential revenue increase to $2.28B and full‑year revenue was relatively stable at $8.74B — revenue strength is mixed across segments (Energy Equipment up, Energy Products & Services down). Read More.
• Neutral Sentiment: Management gave Q1 2026 guidance calling for modest year‑over‑year revenue declines (1–3%) and Adjusted EBITDA of $200–225M — guidance implies near‑term caution but not a collapse in demand. Read More.
• Negative Sentiment: Q4 EPS missed expectations badly ($0.02 vs. consensus ~$0.25) and the company reported a Q4 GAAP net loss of $78M, driven by higher tax/impairment items — an EPS miss typically pressures the stock. Read More.
• Negative Sentiment: NOV recorded $86M of pre‑tax “Other Items” (goodwill/asset impairments) and adjusted profitability (Adjusted EBITDA) declined year‑over‑year — these factors weigh on near‑term earnings quality. Read More.
• Negative Sentiment: Unusually large put option buying (≈2,616 puts, ~1,353% above avg) signals short‑term bearish positioning or hedging by traders, which can amplify downside volatility. Read More.

NOV Company Profile

National Oilwell Varco (NYSE: NOV) is a leading provider of equipment and technology to the oil and gas industry. The company designs, manufactures and services an extensive portfolio of products used in drilling, completion and production operations. Its offerings include drilling rigs and related components, wellbore technologies such as tubulars and completion tools, surface equipment including mud pumps and blowout preventers, and aftermarket parts and services that support ongoing field operations.

NOV’s business is organized to serve upstream energy companies around the world.