Q2 Earnings Estimate for NOV Issued By Capital One Financial

NOV Inc. (NYSE:NOV) – Equities researchers at Capital One Financial reduced their Q2 2026 earnings per share estimates for shares of NOV in a note issued to investors on Monday, October 20th. Capital One Financial analyst D. Becker now expects that the oil and gas exploration company will post earnings of $0.26 per share for the quarter, down from their previous forecast of $0.27. The consensus estimate for NOV’s current full-year earnings is $1.40 per share. Capital One Financial also issued estimates for NOV’s Q3 2026 earnings at $0.27 EPS, Q4 2026 earnings at $0.32 EPS and FY2026 earnings at $1.06 EPS.

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

Several other research firms also recently weighed in on NOV. Weiss Ratings reiterated a “hold (c-)” rating on shares of NOV in a research note on Wednesday, October 8th. Citigroup boosted their price target on NOV from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Wednesday, October 8th. JPMorgan Chase & Co. downgraded NOV from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $17.00 to $15.00 in a research note on Wednesday, July 30th. Zacks Research upgraded NOV from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. Finally, Evercore ISI dropped their price target on NOV from $15.00 to $14.00 and set an “in-line” rating on the stock in a research note on Wednesday, July 30th. Six investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, NOV currently has an average rating of “Hold” and an average target price of $15.79.

NOV Stock Up 2.5%

NOV stock opened at $13.09 on Wednesday. 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 business’s 50-day simple moving average is $12.99 and its two-hundred day simple moving average is $12.76. The company has a market cap of $4.86 billion, a PE ratio of 10.73, a PEG ratio of 3.80 and a beta of 1.26. NOV has a fifty-two week low of $10.84 and a fifty-two week high of $16.86.

NOV Announces Dividend

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

Hedge Funds Weigh In On NOV

A number of large investors have recently bought and sold shares of the business. Signaturefd LLC raised its holdings in NOV by 33.2% in the 2nd quarter. Signaturefd LLC now owns 3,733 shares of the oil and gas exploration company’s stock worth $46,000 after purchasing an additional 931 shares during the period. Vident Advisory LLC raised its holdings in shares of NOV by 9.6% during the first quarter. Vident Advisory LLC now owns 12,860 shares of the oil and gas exploration company’s stock valued at $196,000 after acquiring an additional 1,126 shares during the last quarter. Keeley Teton Advisors LLC raised its holdings in shares of NOV by 1.1% during the first quarter. Keeley Teton Advisors LLC now owns 107,317 shares of the oil and gas exploration company’s stock valued at $1,633,000 after acquiring an additional 1,128 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of NOV by 30.5% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 4,937 shares of the oil and gas exploration company’s stock valued at $75,000 after acquiring an additional 1,155 shares during the last quarter. Finally, Voya Investment Management LLC raised its holdings in shares of NOV by 2.8% during the first quarter. Voya Investment Management LLC now owns 48,413 shares of the oil and gas exploration company’s stock valued at $737,000 after acquiring an additional 1,309 shares during the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

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.