NOV Inc. (NYSE:NOV) – Investment analysts at Capital One Financial increased their Q2 2021 earnings estimates for NOV in a report issued on Wednesday, April 28th. Capital One Financial analyst L. Lemoine now expects that the oil and gas exploration company will earn ($0.10) per share for the quarter, up from their prior estimate of ($0.14). Capital One Financial also issued estimates for NOV’s Q3 2021 earnings at ($0.04) EPS, Q4 2021 earnings at $0.01 EPS, FY2021 earnings at ($0.40) EPS, Q1 2022 earnings at $0.03 EPS, Q2 2022 earnings at $0.08 EPS, Q3 2022 earnings at $0.13 EPS and FY2022 earnings at $0.38 EPS.
Other research analysts have also issued reports about the stock. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upgraded shares of NOV from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $15.00 to $18.00 in a research note on Tuesday, January 12th. Smith Barney Citigroup upgraded shares of NOV from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 12th. COKER & PALMER lowered shares of NOV from a “sector perform” rating to an “underperform” rating in a research note on Tuesday. Wolfe Research upgraded shares of NOV from a “peer perform” rating to an “outperform” rating in a research note on Monday, January 11th. Finally, Morgan Stanley raised their price target on shares of NOV from $12.00 to $13.00 and gave the company an “underweight” rating in a report on Thursday, April 29th. Four research analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $14.81.
NOV stock opened at $15.56 on Monday. NOV has a 1-year low of $7.70 and a 1-year high of $17.50. The firm has a market capitalization of $6.08 billion, a price-to-earnings ratio of -2.31 and a beta of 2.22. The company has a current ratio of 2.85, a quick ratio of 1.93 and a debt-to-equity ratio of 0.33. The firm has a 50 day simple moving average of $13.98 and a 200 day simple moving average of $13.37.
NOV (NYSE:NOV) last issued its quarterly earnings results on Thursday, February 4th. The oil and gas exploration company reported ($0.42) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by ($0.30). NOV had a positive return on equity of 1.13% and a negative net margin of 36.63%. The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.33 billion.
A number of institutional investors have recently bought and sold shares of NOV. Pzena Investment Management LLC lifted its stake in NOV by 4.2% in the fourth quarter. Pzena Investment Management LLC now owns 39,523,272 shares of the oil and gas exploration company’s stock worth $542,655,000 after purchasing an additional 1,576,627 shares during the last quarter. Van ECK Associates Corp lifted its stake in NOV by 32.1% in the fourth quarter. Van ECK Associates Corp now owns 2,335,189 shares of the oil and gas exploration company’s stock worth $32,062,000 after purchasing an additional 567,226 shares during the last quarter. Fisher Asset Management LLC increased its position in shares of NOV by 67.7% in the first quarter. Fisher Asset Management LLC now owns 1,231,596 shares of the oil and gas exploration company’s stock valued at $16,897,000 after acquiring an additional 497,109 shares during the period. Chevy Chase Trust Holdings Inc. purchased a new position in shares of NOV in the first quarter valued at about $3,575,000. Finally, State of New Jersey Common Pension Fund D purchased a new position in shares of NOV in the first quarter valued at about $2,927,000. 94.50% of the stock is owned by institutional investors and hedge funds.
In other news, VP Scott K. Duff sold 10,000 shares of NOV stock in a transaction on Tuesday, February 23rd. The shares were sold at an average price of $14.81, for a total transaction of $148,100.00. Insiders own 0.92% of the company’s stock.
NOV Inc designs, constructs, manufactures, and sells systems, components, and products for use in oil and gas drilling and production, and industrial and renewable energy sectors worldwide. It operates through three segments: Wellbore Technologies, Completion & Production Solutions, and Rig Technologies.
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