Zacks Research Issues Pessimistic Estimate for NOV Earnings

NOV Inc. (NYSE:NOV) – Stock analysts at Zacks Research cut their Q3 2026 EPS estimates for NOV in a research note issued to investors on Thursday, October 16th. Zacks Research analyst Team now forecasts that the oil and gas exploration company will earn $0.25 per share for the quarter, down from their previous forecast of $0.26. Zacks Research has a “Hold” rating on the stock. The consensus estimate for NOV’s current full-year earnings is $1.40 per share. Zacks Research also issued estimates for NOV’s Q3 2027 earnings at $0.22 EPS and FY2027 earnings at $1.21 EPS.

Several other brokerages have also commented on NOV. Weiss Ratings reiterated a “hold (c-)” rating on shares of NOV in a research report on Wednesday, October 8th. Royal Bank Of Canada reduced their price objective on NOV from $19.00 to $18.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 30th. Susquehanna set a $17.00 target price on shares of NOV and gave the company a “positive” rating in a research note on Wednesday, July 30th. Piper Sandler dropped their target price on shares of NOV from $16.00 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, August 14th. Finally, Evercore ISI decreased their price target on shares of NOV from $15.00 to $14.00 and set an “in-line” rating for the company in a report on Wednesday, July 30th. Six analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $15.79.

NOV Stock Down 0.8%

NYSE:NOV opened at $12.71 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.72 and a current ratio of 2.58. The company has a market capitalization of $4.72 billion, a price-to-earnings ratio of 10.42, a price-to-earnings-growth ratio of 3.80 and a beta of 1.26. NOV has a one year low of $10.84 and a one year high of $16.86. The stock has a 50-day simple moving average of $12.94 and a 200 day simple moving average of $12.80.

NOV (NYSE:NOV) last announced its quarterly earnings data on Monday, July 28th. The oil and gas exploration company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.01). The company had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.16 billion. NOV had a return on equity of 7.25% and a net margin of 5.36%.NOV’s revenue was down 1.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.57 earnings per share. NOV has set its Q3 2025 guidance at EPS.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Banque Cantonale Vaudoise acquired a new stake in shares of NOV in the first quarter valued at approximately $25,000. CoreFirst Bank & Trust bought a new position in NOV in the 2nd quarter worth approximately $35,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in NOV in the 1st quarter valued at approximately $36,000. Hantz Financial Services Inc. raised its stake in NOV by 395.3% during the 2nd quarter. Hantz Financial Services Inc. now owns 3,660 shares of the oil and gas exploration company’s stock valued at $45,000 after acquiring an additional 2,921 shares in the last quarter. Finally, Signaturefd LLC boosted its position in NOV by 33.2% during the 2nd quarter. Signaturefd LLC now owns 3,733 shares of the oil and gas exploration company’s stock worth $46,000 after acquiring an additional 931 shares during the period. 93.27% of the stock is owned by institutional investors and hedge funds.

NOV Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were given a dividend of $0.075 per share. The ex-dividend date was Friday, September 12th. This represents a $0.30 annualized dividend and a dividend yield of 2.4%. NOV’s dividend payout ratio is currently 24.59%.

About NOV

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.