What is Zacks Research’s Forecast for NOV Q1 Earnings?

NOV Inc. (NYSE:NOV) – Investment analysts at Zacks Research dropped their Q1 2025 earnings estimates for NOV in a report released on Thursday, April 3rd. Zacks Research analyst R. Department now forecasts that the oil and gas exploration company will post earnings of $0.25 per share for the quarter, down from their prior forecast of $0.27. The consensus estimate for NOV’s current full-year earnings is $1.40 per share. Zacks Research also issued estimates for NOV’s Q1 2025 earnings at $0.25 EPS, Q2 2025 earnings at $0.32 EPS, Q2 2025 earnings at $0.32 EPS, Q3 2025 earnings at $0.35 EPS, Q3 2025 earnings at $0.35 EPS, Q4 2025 earnings at $0.41 EPS, Q4 2025 earnings at $0.41 EPS, FY2025 earnings at $1.33 EPS, FY2025 earnings at $1.33 EPS, Q1 2026 earnings at $0.27 EPS, Q1 2026 earnings at $0.27 EPS, Q1 2027 earnings at $0.48 EPS, Q1 2027 earnings at $0.48 EPS and FY2027 earnings at $1.82 EPS.

Other research analysts have also issued reports about the stock. Royal Bank of Canada upgraded shares of NOV from a “sector perform” rating to an “outperform” rating and set a $22.00 price objective on the stock in a report on Monday, March 24th. Atb Cap Markets downgraded shares of NOV from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Piper Sandler boosted their price objective on shares of NOV from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Monday, February 10th. Barclays increased their target price on NOV from $12.00 to $13.00 and gave the stock an “underweight” rating in a research report on Tuesday, February 18th. Finally, Seaport Res Ptn downgraded NOV from a “strong-buy” rating to a “hold” rating in a research report on Sunday, January 5th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $19.60.

NOV Stock Performance

NYSE NOV opened at $11.92 on Friday. The business’s 50-day moving average price is $14.91 and its 200 day moving average price is $15.33. The company has a current ratio of 2.46, a quick ratio of 1.64 and a debt-to-equity ratio of 0.26. NOV has a twelve month low of $11.66 and a twelve month high of $21.20. The company has a market capitalization of $4.54 billion, a PE ratio of 7.40, a price-to-earnings-growth ratio of 1.02 and a beta of 1.34.

NOV (NYSE:NOV) last issued its quarterly earnings results on Tuesday, February 4th. The oil and gas exploration company reported $0.41 earnings per share for the quarter, beating 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%.

Institutional Investors Weigh In On NOV

A number of hedge funds have recently bought and sold shares of NOV. Huntington National Bank increased its stake in shares of NOV by 88.7% in the fourth quarter. Huntington National Bank now owns 2,200 shares of the oil and gas exploration company’s stock worth $32,000 after buying an additional 1,034 shares during the last quarter. Covestor Ltd increased its position in shares of NOV by 282.9% in the 4th quarter. Covestor Ltd now owns 2,240 shares of the oil and gas exploration company’s stock worth $33,000 after purchasing an additional 1,655 shares during the last quarter. UMB Bank n.a. raised its stake in shares of NOV by 222.3% in the 4th quarter. UMB Bank n.a. now owns 2,337 shares of the oil and gas exploration company’s stock valued at $34,000 after purchasing an additional 1,612 shares in the last quarter. Quarry LP bought a new position in shares of NOV during the third quarter worth about $36,000. Finally, Signaturefd LLC grew its stake in NOV by 41.3% in the fourth quarter. Signaturefd LLC now owns 2,587 shares of the oil and gas exploration company’s stock worth $38,000 after purchasing an additional 756 shares in the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

NOV Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 2.52%. The ex-dividend date was Friday, March 14th. NOV’s dividend payout ratio (DPR) is 18.63%.

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.