Seaport Res Ptn Analysts Lower Earnings Estimates for NOV

NOV Inc. (NYSE:NOV) – Equities researchers at Seaport Res Ptn lowered their Q2 2025 earnings per share estimates for shares of NOV in a research report issued on Monday, February 10th. Seaport Res Ptn analyst T. Curran now expects that the oil and gas exploration company will post earnings per share of $0.32 for the quarter, down from their previous estimate of $0.44. Seaport Res Ptn currently has a “Hold” rating on the stock. The consensus estimate for NOV’s current full-year earnings is $1.42 per share. Seaport Res Ptn also issued estimates for NOV’s Q3 2025 earnings at $0.37 EPS, Q4 2025 earnings at $0.41 EPS, Q1 2026 earnings at $0.31 EPS, Q2 2026 earnings at $0.37 EPS, Q3 2026 earnings at $0.41 EPS, Q4 2026 earnings at $0.49 EPS and FY2026 earnings at $1.57 EPS.

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

Several other analysts also recently issued reports on NOV. Susquehanna cut their price target on NOV from $22.00 to $21.00 and set a “positive” rating on the stock in a report on Monday, October 28th. Wells Fargo & Company cut their price target on NOV from $16.00 to $15.00 and set an “underweight” rating on the stock in a report on Monday, November 4th. Barclays cut their target price on NOV from $16.00 to $12.00 and set an “underweight” rating on the stock in a research note on Wednesday, December 18th. Piper Sandler boosted their price target on NOV from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Monday. Finally, Atb Cap Markets lowered NOV from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, NOV presently has an average rating of “Hold” and a consensus price target of $19.53.

NOV Trading Down 0.4 %

Shares of NYSE NOV opened at $15.92 on Wednesday. The company has a market cap of $6.19 billion, a price-to-earnings ratio of 9.89, a price-to-earnings-growth ratio of 1.00 and a beta of 1.64. NOV has a 12-month low of $13.94 and a 12-month high of $21.20. 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 stock’s 50 day simple moving average is $14.91 and its 200 day simple moving average is $16.05.

Insider Activity

In other news, Director David D. Harrison sold 1,784 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was 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 represents a 1.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 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 NOV. Truist Financial Corp raised its position in shares of NOV by 3.4% during the second quarter. Truist Financial Corp now owns 29,729 shares of the oil and gas exploration company’s stock worth $565,000 after purchasing an additional 991 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of NOV during the second quarter worth $285,000. nVerses Capital LLC acquired a new stake in shares of NOV during the third quarter worth $487,000. DiNuzzo Private Wealth Inc. raised its position in shares of NOV by 10,701.6% during the third quarter. DiNuzzo Private Wealth Inc. now owns 6,913 shares of the oil and gas exploration company’s stock worth $110,000 after purchasing an additional 6,849 shares during the period. Finally, Blue Trust Inc. raised its position in NOV by 851.1% during the third quarter. Blue Trust Inc. now owns 5,859 shares of the oil and gas exploration company’s stock valued at $94,000 after buying an additional 5,243 shares during the period. 93.27% of the stock is owned by institutional investors and hedge funds.

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.