Atb Cap Markets Analysts Decrease Earnings Estimates for NOV

NOV Inc. (NYSE:NOV) – Equities research analysts at Atb Cap Markets reduced their Q2 2025 earnings per share (EPS) estimates for NOV in a report issued on Tuesday, December 10th. Atb Cap Markets analyst W. Syed now forecasts that the oil and gas exploration company will post earnings of $0.35 per share for the quarter, down from their prior forecast of $0.37. Atb Cap Markets currently has a “Hold” rating on the stock. The consensus estimate for NOV’s current full-year earnings is $1.59 per share. Atb Cap Markets also issued estimates for NOV’s Q3 2025 earnings at $0.36 EPS, Q4 2025 earnings at $0.36 EPS, FY2025 earnings at $1.39 EPS, Q2 2026 earnings at $0.41 EPS, Q3 2026 earnings at $0.42 EPS, FY2026 earnings at $1.59 EPS and FY2027 earnings at $1.76 EPS.

Several other equities analysts also recently issued reports on NOV. Morgan Stanley decreased their price objective on shares of NOV from $25.00 to $23.00 and set an “overweight” rating on the stock in a report on Monday, September 16th. Citigroup cut NOV from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $21.00 to $18.00 in a report on Monday, November 11th. Susquehanna reduced their target price on NOV from $22.00 to $21.00 and set a “positive” rating for the company in a report on Monday, October 28th. Bank of America lowered their price target on NOV from $22.00 to $20.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Finally, Barclays reduced their price objective on NOV from $17.00 to $16.00 and set an “underweight” rating for the company in a research note on Tuesday, October 29th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, NOV presently has a consensus rating of “Hold” and a consensus price target of $20.64.

NOV Price Performance

NOV stock opened at $14.98 on Thursday. The stock has a market capitalization of $5.83 billion, a P/E ratio of 5.53, a P/E/G ratio of 0.89 and a beta of 1.66. The company’s fifty day moving average price is $15.84 and its 200 day moving average price is $17.11. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.65 and a current ratio of 2.57. NOV has a 1 year low of $14.83 and a 1 year high of $21.23.

NOV Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.30 annualized dividend and a dividend yield of 2.00%. NOV’s payout ratio is 11.07%.

Insider Activity at NOV

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

Institutional Investors Weigh In On NOV

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NOV. Pzena Investment Management LLC lifted its stake in shares of NOV by 22.3% in the 3rd quarter. Pzena Investment Management LLC now owns 43,027,106 shares of the oil and gas exploration company’s stock valued at $687,143,000 after purchasing an additional 7,851,220 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its position in NOV by 23.1% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 37,153,173 shares of the oil and gas exploration company’s stock valued at $593,336,000 after buying an additional 6,963,660 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in NOV by 40.0% during the second quarter. Dimensional Fund Advisors LP now owns 12,138,093 shares of the oil and gas exploration company’s stock worth $230,743,000 after buying an additional 3,470,860 shares during the period. Bank of New York Mellon Corp increased its position in shares of NOV by 67.2% during the second quarter. Bank of New York Mellon Corp now owns 9,928,911 shares of the oil and gas exploration company’s stock valued at $188,749,000 after acquiring an additional 3,989,095 shares during the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of NOV by 232.6% in the 2nd quarter. AQR Capital Management LLC now owns 4,888,891 shares of the oil and gas exploration company’s stock valued at $92,938,000 after acquiring an additional 3,418,885 shares during the period. Institutional investors and hedge funds own 93.27% of the company’s stock.

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.