Brokers Set Expectations for NOV’s Q1 Earnings (NYSE:NOV)

NOV Inc. (NYSE:NOV) – Research analysts at Zacks Research reduced their Q1 2026 earnings estimates for NOV in a research note issued to investors on Tuesday, June 24th. Zacks Research analyst R. Department now forecasts that the oil and gas exploration company will earn $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. Zacks Research also issued estimates for NOV’s Q3 2026 earnings at $0.32 EPS, FY2026 earnings at $1.30 EPS and FY2027 earnings at $1.49 EPS.

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

Other research analysts also recently issued reports about the company. The Goldman Sachs Group decreased their price objective on NOV from $16.00 to $13.00 and set a “sell” rating for the company in a report on Thursday, April 10th. Piper Sandler reduced their price target on NOV from $18.00 to $16.00 and set a “neutral” rating for the company in a research report on Thursday, May 1st. Barclays decreased their price target on shares of 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. cut their price objective on shares of NOV from $20.00 to $17.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 30th. Finally, Susquehanna decreased their target price on shares of NOV from $21.00 to $19.00 and set a “positive” rating for the company in a research report on Monday, April 14th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $17.44.

NOV Stock Performance

NOV opened at $12.85 on Thursday. The company has a market capitalization of $4.83 billion, a price-to-earnings ratio of 8.57, a P/E/G ratio of 3.24 and a beta of 1.28. The business’s 50-day moving average price is $12.60 and its two-hundred day moving average price is $13.88. NOV has a 1 year low of $10.84 and a 1 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.

NOV Dividend Announcement

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

Hedge Funds Weigh In On NOV

Several hedge funds and other institutional investors have recently made changes to their positions in NOV. Sanctuary Advisors LLC increased its stake in NOV by 51.9% in the fourth quarter. Sanctuary Advisors LLC now owns 22,959 shares of the oil and gas exploration company’s stock valued at $332,000 after acquiring an additional 7,840 shares during the last quarter. Illinois Municipal Retirement Fund acquired a new stake in shares of NOV in the 4th quarter valued at $1,018,000. Proficio Capital Partners LLC bought a new position in shares of NOV in the 4th quarter valued at $341,000. Versor Investments LP acquired a new position in shares of NOV during the 4th quarter worth $195,000. Finally, QRG Capital Management Inc. bought a new stake in shares of NOV during the 4th quarter worth $351,000. 93.27% of the stock is currently owned by institutional investors and hedge funds.

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.