Atb Cap Markets Comments on NOV’s Q2 Earnings (NYSE:NOV)

NOV Inc. (NYSE:NOV) – Research analysts at Atb Cap Markets cut their Q2 2025 earnings estimates for NOV in a note issued to investors on Tuesday, July 1st. Atb Cap Markets analyst W. Syed now expects that the oil and gas exploration company will post earnings per share of $0.29 for the quarter, down from their previous estimate of $0.31. The consensus estimate for NOV’s current full-year earnings is $1.40 per share. Atb Cap Markets also issued estimates for NOV’s Q4 2025 earnings at $0.31 EPS, FY2025 earnings at $1.08 EPS, Q1 2026 earnings at $0.26 EPS, Q4 2026 earnings at $0.32 EPS, FY2026 earnings at $1.22 EPS, Q1 2027 earnings at $0.27 EPS and FY2027 earnings at $1.37 EPS.

NOV (NYSE:NOV) last posted its earnings results on Monday, April 28th. The oil and gas exploration company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.06). The company had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.11 billion. NOV had a net margin of 6.68% and a return on equity of 9.11%. The business’s revenue was down 2.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.30 earnings per share.

Several other equities analysts have also commented on NOV. Royal Bank Of Canada lowered their price objective on shares of NOV from $20.00 to $19.00 and set an “outperform” rating for the company in a research report on Wednesday, April 30th. Morgan Stanley lowered their price objective on shares of NOV from $18.00 to $15.00 and set an “overweight” rating for the company in a research report on Friday, May 16th. Wells Fargo & Company lowered their price objective on shares of NOV from $11.00 to $10.00 and set an “underweight” rating for the company in a research report on Thursday, June 5th. Piper Sandler lowered their target price on shares of NOV from $18.00 to $16.00 and set a “neutral” rating for the company in a report on Thursday, May 1st. Finally, JPMorgan Chase & Co. lowered their target price on shares of NOV from $20.00 to $17.00 and set an “overweight” rating for the company in a report on Wednesday, April 30th. Three 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 company. According to data from MarketBeat.com, NOV presently has a consensus rating of “Hold” and an average price target of $17.38.

NOV Stock Performance

NOV opened at $13.50 on Thursday. The stock has a market capitalization of $5.07 billion, a price-to-earnings ratio of 9.00, a PEG ratio of 3.28 and a beta of 1.28. The company has a fifty day moving average of $12.70 and a 200 day moving average of $13.78. NOV has a fifty-two week low of $10.84 and a fifty-two week high of $21.20. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.76 and a current ratio of 2.65.

Institutional Investors Weigh In On NOV

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Banque Cantonale Vaudoise bought a new stake in NOV during the 1st quarter valued at about $25,000. Huntington National Bank lifted its holdings in NOV by 88.7% during the 4th quarter. Huntington National Bank now owns 2,200 shares of the oil and gas exploration company’s stock valued at $32,000 after buying an additional 1,034 shares in the last quarter. Covestor Ltd lifted its holdings in NOV by 282.9% during the 4th quarter. Covestor Ltd now owns 2,240 shares of the oil and gas exploration company’s stock valued at $33,000 after buying an additional 1,655 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in NOV during the 1st quarter valued at about $36,000. Finally, Signaturefd LLC lifted its holdings in NOV by 41.3% during the 4th quarter. Signaturefd LLC now owns 2,587 shares of the oil and gas exploration company’s stock valued at $38,000 after buying an additional 756 shares in the last quarter. Institutional investors own 93.27% of the company’s stock.

NOV Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, June 13th. Investors of record on Tuesday, June 3rd were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a yield of 3.63%. NOV’s payout ratio is 20.00%.

NOV Company Profile

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.