Seaport Res Ptn Issues Pessimistic Forecast for NOV Earnings

NOV Inc. (NYSE:NOV) – Seaport Res Ptn decreased their FY2025 EPS estimates for shares of NOV in a research note issued to investors on Tuesday, November 18th. Seaport Res Ptn analyst T. Curran now expects that the oil and gas exploration company will post earnings per share of $0.87 for the year, down from their previous estimate of $1.00. The consensus estimate for NOV’s current full-year earnings is $1.40 per share. Seaport Res Ptn also issued estimates for NOV’s Q1 2026 earnings at $0.21 EPS, Q4 2026 earnings at $0.31 EPS and FY2027 earnings at $1.27 EPS.

Other analysts have also issued reports about the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of NOV in a research note on Wednesday, October 8th. Barclays dropped their target price on shares of NOV from $14.00 to $13.00 and set an “underweight” rating for the company in a report on Tuesday, November 11th. Raymond James Financial restated an “outperform” rating and issued a $17.00 price target on shares of NOV in a research note on Tuesday, October 28th. Royal Bank Of Canada upped their price objective on shares of NOV from $17.00 to $19.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 29th. Finally, Citigroup increased their price objective on shares of NOV from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Wednesday, November 12th. Five equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $15.54.

NOV Trading Down 0.5%

Shares of NOV opened at $15.23 on Thursday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.72 and a current ratio of 2.55. NOV has a 52-week low of $10.84 and a 52-week high of $16.84. The firm has a market cap of $5.56 billion, a price-to-earnings ratio of 15.23, a PEG ratio of 4.73 and a beta of 1.25. The business’s fifty day moving average is $13.87 and its 200-day moving average is $13.19.

NOV (NYSE:NOV) last released its earnings results on Tuesday, October 28th. The oil and gas exploration company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.13). NOV had a return on equity of 5.89% and a net margin of 4.36%.The firm’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.33 EPS.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in NOV. Pzena Investment Management LLC boosted its position in NOV by 2.8% during the 2nd 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 buying an additional 1,144,486 shares during the period. Hotchkis & Wiley Capital Management LLC raised its stake in shares of 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 valued at $616,221,000 after acquiring an additional 833,158 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of 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 purchasing an additional 566,160 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of NOV by 0.9% during the third quarter. Dimensional Fund Advisors LP now owns 18,578,053 shares of the oil and gas exploration company’s stock worth $246,159,000 after purchasing an additional 161,414 shares during the period. Finally, American Century Companies Inc. grew its stake in shares of NOV by 43.6% in the third quarter. American Century Companies Inc. now owns 7,596,504 shares of the oil and gas exploration company’s stock worth $100,654,000 after purchasing an additional 2,304,975 shares during the last quarter. Institutional investors own 93.27% of the company’s stock.

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.