Brokers Set Expectations for NOV’s Q3 Earnings (NYSE:NOV)

NOV Inc. (NYSE:NOV) – Equities researchers at Zacks Research lifted their Q3 2026 earnings estimates for NOV in a research report issued on Monday, September 8th. Zacks Research analyst Team now expects that the oil and gas exploration company will post earnings of $0.27 per share for the quarter, up from their prior estimate of $0.24. The consensus estimate for NOV’s current full-year earnings is $1.40 per share. Zacks Research also issued estimates for NOV’s Q4 2026 earnings at $0.33 EPS, FY2026 earnings at $1.04 EPS, Q1 2027 earnings at $0.41 EPS and Q2 2027 earnings at $0.35 EPS.

NOV (NYSE:NOV) last released its quarterly earnings data on Monday, July 28th. The oil and gas exploration company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). NOV had a net margin of 5.36% and a return on equity of 7.25%. The firm had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.16 billion. During the same period in the previous year, the firm posted $0.57 EPS. The firm’s quarterly revenue was down 1.3% on a year-over-year basis. NOV has set its Q3 2025 guidance at EPS.

Other research analysts have also recently issued research reports about the stock. Wells Fargo & Company cut their price objective on shares of NOV from $11.00 to $10.00 and set an “underweight” rating for the company in a report on Thursday, June 5th. Susquehanna set a $17.00 price objective on shares of NOV and gave the company a “positive” rating in a report on Wednesday, July 30th. JPMorgan Chase & Co. lowered shares of NOV from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $17.00 to $15.00 in a research report on Wednesday, July 30th. Stifel Nicolaus dropped their target price on shares of NOV from $22.00 to $20.00 and set a “buy” rating on the stock in a research report on Wednesday, July 30th. Finally, Morgan Stanley dropped their target price on shares of NOV from $18.00 to $15.00 and set an “overweight” rating on the stock in a research report on Friday, May 16th. Seven analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $16.56.

NOV Stock Up 1.8%

NOV opened at $13.30 on Wednesday. NOV has a fifty-two week low of $10.84 and a fifty-two week high of $17.12. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.72 and a current ratio of 2.58. The company has a fifty day moving average of $12.90 and a two-hundred day moving average of $13.08. The stock has a market capitalization of $4.94 billion, a price-to-earnings ratio of 10.90, a PEG ratio of 3.74 and a beta of 1.34.

NOV Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be given a dividend of $0.075 per share. The ex-dividend date is Friday, September 12th. This represents a $0.30 dividend on an annualized basis and a yield of 2.3%. NOV’s payout ratio is presently 24.59%.

Hedge Funds Weigh In On NOV

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Pzena Investment Management LLC boosted its position in NOV by 2.8% during the second quarter. Pzena Investment Management LLC now owns 42,708,890 shares of the oil and gas exploration company’s stock worth $530,872,000 after acquiring an additional 1,144,486 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its position in NOV by 2.1% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 40,487,598 shares of the oil and gas exploration company’s stock worth $616,221,000 after acquiring an additional 833,158 shares during the last quarter. Vanguard Group Inc. boosted its position in NOV by 1.5% during the first quarter. Vanguard Group Inc. now owns 39,463,027 shares of the oil and gas exploration company’s stock worth $600,627,000 after acquiring an additional 566,160 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in NOV by 7.9% during the first quarter. Dimensional Fund Advisors LP now owns 18,122,455 shares of the oil and gas exploration company’s stock worth $275,818,000 after acquiring an additional 1,329,327 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in NOV by 88.9% during 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 last quarter. 93.27% of the stock is currently owned by institutional investors and hedge funds.

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.