Q1 2025 Earnings Estimate for NOV Inc. Issued By Atb Cap Markets (NYSE:NOV)

NOV Inc. (NYSE:NOV) – Atb Cap Markets dropped their Q1 2025 earnings per share (EPS) estimates for NOV in a research report issued to clients and investors on Tuesday, October 1st. Atb Cap Markets analyst W. Syed now expects that the oil and gas exploration company will earn $0.28 per share for the quarter, down from their previous forecast of $0.39. The consensus estimate for NOV’s current full-year earnings is $1.63 per share. Atb Cap Markets also issued estimates for NOV’s Q2 2025 earnings at $0.38 EPS, Q4 2025 earnings at $0.42 EPS, FY2025 earnings at $1.49 EPS, Q1 2026 earnings at $0.32 EPS, Q2 2026 earnings at $0.44 EPS and FY2026 earnings at $1.73 EPS.

Several other brokerages have also recently weighed in on NOV. JPMorgan Chase & Co. reduced their price target on NOV from $23.00 to $22.00 and set an “overweight” rating on the stock in a research note on Thursday. Wells Fargo & Company downgraded NOV from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $20.00 to $16.00 in a report on Wednesday, September 25th. TD Cowen boosted their target price on NOV from $27.00 to $28.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Benchmark reissued a “hold” rating on shares of NOV in a report on Friday, July 26th. Finally, Bank of America dropped their target price on NOV from $24.00 to $22.00 and set a “buy” rating on the stock in a report on Monday, July 15th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $23.54.

NOV Price Performance

Shares of NOV stock opened at $16.59 on Friday. The stock has a market cap of $6.56 billion, a price-to-earnings ratio of 6.66, a PEG ratio of 0.50 and a beta of 1.67. The business’s fifty day moving average is $17.30 and its 200 day moving average is $18.25. NOV has a twelve month low of $15.47 and a twelve month high of $21.53. The company has a quick ratio of 1.64, a current ratio of 2.61 and a debt-to-equity ratio of 0.27.

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

NOV Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a dividend of $0.075 per share. The ex-dividend date was Friday, September 13th. This represents a $0.30 annualized dividend and a dividend yield of 1.81%. NOV’s payout ratio is 12.05%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. raised its holdings in shares of NOV by 95.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 879,960 shares of the oil and gas exploration company’s stock valued at $17,846,000 after purchasing an additional 429,104 shares during the last quarter. Wintrust Investments LLC raised its holdings in shares of NOV by 631.6% during the first quarter. Wintrust Investments LLC now owns 81,943 shares of the oil and gas exploration company’s stock valued at $1,600,000 after purchasing an additional 70,743 shares during the last quarter. Stanley Laman Group Ltd. purchased a new position in shares of NOV during the second quarter valued at approximately $4,031,000. Schroder Investment Management Group increased its holdings in NOV by 71.3% during the fourth quarter. Schroder Investment Management Group now owns 1,092,422 shares of the oil and gas exploration company’s stock valued at $22,154,000 after buying an additional 454,665 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in NOV by 1.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 3,883,885 shares of the oil and gas exploration company’s stock valued at $75,813,000 after buying an additional 42,717 shares during the last quarter. 93.27% of the stock is owned by hedge funds and other 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.