Atb Cap Markets Issues Negative Estimate for NOV Earnings

NOV Inc. (NYSE:NOV) – Equities researchers at Atb Cap Markets dropped their Q2 2026 earnings per share (EPS) estimates for shares of NOV in a research report issued to clients and investors on Tuesday, July 1st. Atb Cap Markets analyst W. Syed now forecasts that the oil and gas exploration company will post earnings of $0.32 per share for the quarter, down from their previous forecast of $0.34. The consensus estimate for NOV’s current full-year earnings is $1.40 per share.

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

Several other analysts also recently commented on the company. Barclays lowered their price objective on NOV from $13.00 to $11.00 and set an “underweight” rating for the company in a research note on Wednesday, April 30th. JPMorgan Chase & Co. lowered their price objective on NOV from $20.00 to $17.00 and set an “overweight” rating for the company in a research note on Wednesday, April 30th. Morgan Stanley lowered their price objective on NOV from $18.00 to $15.00 and set an “overweight” rating for the company in a research note on Friday, May 16th. The Goldman Sachs Group lowered their price objective on NOV from $16.00 to $13.00 and set a “sell” rating for the company in a research note on Thursday, April 10th. Finally, Wells Fargo & Company lowered their price objective on NOV from $11.00 to $10.00 and set an “underweight” rating for the company in a research note on Thursday, June 5th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $17.38.

NOV Stock Up 2.3%

Shares of NOV stock opened at $13.50 on Friday. The stock’s 50-day moving average is $12.70 and its 200 day moving average is $13.78. NOV has a one year low of $10.84 and a one year high of $21.20. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.65 and a quick ratio of 1.76. The firm has a market cap of $5.07 billion, a price-to-earnings ratio of 9.00, a PEG ratio of 3.28 and a beta of 1.28.

NOV Dividend Announcement

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

Hedge Funds Weigh In On NOV

A number of large investors have recently made changes to their positions in NOV. AQR Capital Management LLC boosted its holdings in shares of NOV by 88.9% in the first quarter. AQR Capital Management LLC now owns 7,146,949 shares of the oil and gas exploration company’s stock worth $107,276,000 after acquiring an additional 3,362,853 shares during the period. First Pacific Advisors LP bought a new stake in NOV during the fourth quarter valued at $39,495,000. Nuveen LLC bought a new stake in NOV during the first quarter valued at $33,742,000. Dimensional Fund Advisors LP boosted its stake in NOV by 13.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 16,793,128 shares of the oil and gas exploration company’s stock valued at $245,178,000 after buying an additional 1,934,243 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in NOV by 40.7% during the fourth quarter. Ameriprise Financial Inc. now owns 5,718,408 shares of the oil and gas exploration company’s stock valued at $83,489,000 after buying an additional 1,652,917 shares during the period. 93.27% of the stock is owned by institutional investors.

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.