FY2025 EPS Estimates for NOV Inc. (NYSE:NOV) Increased by Zacks Research

NOV Inc. (NYSE:NOV) – Zacks Research lifted their FY2025 EPS estimates for NOV in a research note issued to investors on Tuesday, September 10th. Zacks Research analyst N. Choudhury now forecasts that the oil and gas exploration company will post earnings per share of $1.62 for the year, up from their prior forecast of $1.57. The consensus estimate for NOV’s current full-year earnings is $1.63 per share. Zacks Research also issued estimates for NOV’s Q4 2025 earnings at $0.46 EPS and Q2 2026 earnings at $0.53 EPS.

NOV (NYSE:NOV) last released its quarterly earnings results on Thursday, July 25th. The oil and gas exploration company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.22. NOV had a return on equity of 10.97% and a net margin of 11.88%. The company had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.19 billion. During the same period in the prior year, the firm earned $0.39 earnings per share. The firm’s revenue was up 5.9% compared to the same quarter last year.

NOV has been the topic of a number of other reports. Benchmark reaffirmed a “hold” rating on shares of NOV in a research report on Friday, July 26th. Royal Bank of Canada reissued a “sector perform” rating and issued a $24.00 target price on shares of NOV in a research report on Monday, July 29th. Piper Sandler cut their price target on NOV from $22.00 to $20.00 and set a “neutral” rating on the stock in a research report on Monday, July 15th. Barclays increased their price objective on NOV from $17.00 to $20.00 and gave the company an “underweight” rating in a report on Tuesday, July 30th. Finally, Bank of America reduced their price target on shares of NOV from $24.00 to $22.00 and set a “buy” rating for the company in a research report on Monday, July 15th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, NOV currently has an average rating of “Moderate Buy” and a consensus target price of $24.58.

NOV Stock Up 0.1 %

Shares of NOV stock opened at $15.88 on Thursday. The company has a market capitalization of $6.25 billion, a P/E ratio of 6.38, a P/E/G ratio of 0.49 and a beta of 1.67. The company has a 50 day moving average of $18.10 and a 200 day moving average of $18.41. NOV has a 52-week low of $15.47 and a 52-week high of $21.71. The company has a quick ratio of 1.64, a current ratio of 2.61 and a debt-to-equity ratio of 0.27.

Institutional Trading of NOV

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC purchased a new position in shares of NOV during the 2nd quarter worth $285,000. Truist Financial Corp boosted its stake in NOV by 3.4% in the 2nd quarter. Truist Financial Corp now owns 29,729 shares of the oil and gas exploration company’s stock worth $565,000 after buying an additional 991 shares during the last quarter. Creative Planning grew its holdings in NOV by 29.8% in the 2nd quarter. Creative Planning now owns 33,815 shares of the oil and gas exploration company’s stock valued at $643,000 after buying an additional 7,757 shares during the period. Algert Global LLC lifted its holdings in shares of NOV by 9.1% during the 2nd quarter. Algert Global LLC now owns 226,234 shares of the oil and gas exploration company’s stock worth $4,301,000 after acquiring an additional 18,777 shares during the period. Finally, Deprince Race & Zollo Inc. boosted its holdings in shares of NOV by 1,194.1% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,706,017 shares of the oil and gas exploration company’s stock valued at $32,431,000 after purchasing an additional 1,574,188 shares during the last quarter. Hedge funds and other institutional investors own 93.27% of the company’s stock.

NOV Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date is Friday, September 13th. NOV’s dividend payout ratio (DPR) is presently 12.05%.

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.