NOV (NYSE:NOV) Issues Earnings Results, Beats Estimates By $0.06 EPS

NOV (NYSE:NOV) announced its quarterly earnings data on Tuesday. The oil and gas exploration company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.06, Zacks reports. NOV had a return on equity of 10.82% and a net margin of 12.05%. NOV updated its Q1 2025 guidance to EPS.

NOV Stock Up 2.0 %

Shares of NOV stock opened at $14.58 on Wednesday. NOV has a 52-week low of $13.94 and a 52-week high of $21.20. The company has a 50 day moving average of $14.92 and a 200 day moving average of $16.16. The company has a quick ratio of 1.65, a current ratio of 2.57 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $5.67 billion, a P/E ratio of 5.38, a P/E/G ratio of 0.93 and a beta of 1.64.

NOV Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were paid a $0.075 dividend. The ex-dividend date was Friday, December 6th. This represents a $0.30 dividend on an annualized basis and a yield of 2.06%. NOV’s dividend payout ratio is currently 11.07%.

Insider Transactions at NOV

In other news, Director David D. Harrison sold 1,784 shares of the business’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 transaction of $28,722.40. Following the completion of the sale, the director now owns 110,951 shares in the company, valued at approximately $1,786,311.10. The trade was a 1.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. TD Cowen dropped their price target on shares of NOV from $28.00 to $22.00 and set a “buy” rating for the company in a research report on Monday, October 28th. Citigroup cut shares of NOV from a “buy” rating to a “neutral” rating and dropped their price target for the company from $21.00 to $18.00 in a research report on Monday, November 11th. Piper Sandler began coverage on shares of NOV in a research note on Thursday, December 19th. They issued a “neutral” rating and a $17.00 price objective for the company. Stifel Nicolaus lowered their price objective on shares of NOV from $25.00 to $24.00 and set a “buy” rating for the company in a research note on Monday, October 28th. Finally, Susquehanna lowered their price objective on shares of NOV from $22.00 to $21.00 and set a “positive” rating for the company in a research note on Monday, October 28th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $20.00.

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.