Griffin Securities Has Pessimistic View of NOV Q1 Earnings

NOV Inc. (NYSE:NOV) – Research analysts at Griffin Securities cut their Q1 2025 earnings estimates for shares of NOV in a note issued to investors on Monday, February 10th. Griffin Securities analyst K. Simpson now forecasts that the oil and gas exploration company will post earnings of $0.32 per share for the quarter, down from their prior estimate of $0.33. The consensus estimate for NOV’s current full-year earnings is $1.42 per share. Griffin Securities also issued estimates for NOV’s Q2 2025 earnings at $0.34 EPS, Q3 2025 earnings at $0.36 EPS, Q4 2025 earnings at $0.43 EPS and FY2025 earnings at $1.45 EPS.

NOV (NYSE:NOV) last announced its quarterly earnings data on Tuesday, February 4th. The oil and gas exploration company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.06. NOV had a return on equity of 9.88% and a net margin of 7.16%.

Several other equities research analysts have also weighed in on NOV. ATB Capital reiterated a “sector perform” rating and issued a $19.00 target price on shares of NOV in a report on Tuesday, December 10th. Barclays dropped their target price on shares of NOV from $16.00 to $12.00 and set an “underweight” rating on the stock in a report on Wednesday, December 18th. Raymond James upped their price target on shares of NOV from $18.00 to $19.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Piper Sandler raised their price objective on shares of NOV from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Monday. Finally, Wells Fargo & Company reduced their target price on shares of NOV from $16.00 to $15.00 and set an “underweight” rating for the company in a research note on Monday, November 4th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $19.53.

NOV Price Performance

NOV stock opened at $16.32 on Wednesday. The company has a current ratio of 2.46, a quick ratio of 1.65 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $6.35 billion, a P/E ratio of 10.13, a PEG ratio of 1.00 and a beta of 1.64. The business has a 50-day moving average of $14.90 and a 200-day moving average of $16.06. NOV has a 1 year low of $13.94 and a 1 year high of $21.20.

NOV Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were given a dividend of $0.075 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.30 annualized dividend and a yield of 1.84%. NOV’s dividend payout ratio (DPR) is presently 18.63%.

Insider Buying and Selling at NOV

In other NOV news, Director David D. Harrison sold 1,784 shares of the stock in a transaction 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 sale, the director now owns 110,951 shares in the company, valued at $1,786,311.10. This trade represents a 1.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.85% of the company’s stock.

Institutional Investors Weigh In On NOV

A number of institutional investors and hedge funds have recently modified their holdings of the company. Pacer Advisors Inc. grew its holdings in NOV by 12,344.0% during the fourth quarter. Pacer Advisors Inc. now owns 12,309,433 shares of the oil and gas exploration company’s stock worth $179,718,000 after purchasing an additional 12,210,514 shares during the period. Pzena Investment Management LLC boosted its stake in shares of NOV by 22.3% during the 3rd quarter. Pzena Investment Management LLC now owns 43,027,106 shares of the oil and gas exploration company’s stock worth $687,143,000 after acquiring an additional 7,851,220 shares during the period. Hotchkis & Wiley Capital Management LLC increased its holdings in shares of NOV by 23.1% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 37,153,173 shares of the oil and gas exploration company’s stock worth $593,336,000 after acquiring an additional 6,963,660 shares during the last quarter. First Pacific Advisors LP bought a new stake in NOV in the 4th quarter valued at $39,495,000. Finally, Weiss Asset Management LP acquired a new stake in NOV during the 3rd quarter valued at $35,709,000. 93.27% of the stock is owned by institutional investors.

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.