NOV Inc. (NYSE:NOV - Free Report) - Equities researchers at Atb Cap Markets reduced their Q1 2026 earnings per share estimates for NOV in a research note issued on Tuesday, December 10th. Atb Cap Markets analyst W. Syed now forecasts that the oil and gas exploration company will post earnings of $0.34 per share for the quarter, down from their prior forecast of $0.36. 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.
Several other analysts also recently commented on the stock. Citigroup downgraded shares of NOV from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $21.00 to $18.00 in a research report on Monday, November 11th. BMO Capital Markets lowered their target price on shares of NOV from $22.00 to $20.00 and set a "market perform" rating on the stock in a research report on Thursday, October 10th. Bank of America reduced their price target on NOV from $22.00 to $20.00 and set a "buy" rating for the company in a research report on Monday, October 14th. TD Cowen lowered their price objective on NOV from $28.00 to $22.00 and set a "buy" rating on the stock in a report on Monday, October 28th. Finally, ATB Capital reaffirmed a "sector perform" rating and set a $19.00 price objective on shares of NOV in a report on Tuesday. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, NOV currently has a consensus rating of "Hold" and a consensus price target of $20.64.
Read Our Latest Stock Analysis on NOV
Shares of NOV stock opened at $15.10 on Friday. The company has a market capitalization of $5.87 billion, a price-to-earnings ratio of 5.57, a P/E/G ratio of 0.89 and a beta of 1.66. The stock's fifty day simple moving average is $15.87 and its 200-day simple moving average is $17.14. The company has a current ratio of 2.57, a quick ratio of 1.65 and a debt-to-equity ratio of 0.26. NOV has a 1-year low of $14.94 and a 1-year high of $21.23.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend is Friday, December 6th. NOV's dividend payout ratio (DPR) is presently 11.07%.
In related news, Director David D. Harrison sold 1,784 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 110,951 shares in the company, valued at $1,786,311.10. This represents a 1.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.85% of the company's stock.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Pzena Investment Management LLC raised its position in 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 buying an additional 7,851,220 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its stake 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 in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of NOV by 40.0% in the second quarter. Dimensional Fund Advisors LP now owns 12,138,093 shares of the oil and gas exploration company's stock valued at $230,743,000 after purchasing an additional 3,470,860 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of NOV by 67.2% in the second quarter. Bank of New York Mellon Corp now owns 9,928,911 shares of the oil and gas exploration company's stock worth $188,749,000 after purchasing an additional 3,989,095 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings in NOV by 232.6% during the second quarter. AQR Capital Management LLC now owns 4,888,891 shares of the oil and gas exploration company's stock worth $92,938,000 after purchasing an additional 3,418,885 shares during the last quarter. 93.27% of the stock is owned by institutional investors.
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.
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