Griffin Securities Has Negative Forecast for NOV Q1 Earnings

NOV Inc. (NYSE:NOV) – Research analysts at Griffin Securities lowered their Q1 2025 earnings estimates for shares of NOV in a research report issued to clients and investors on Monday, February 10th. Griffin Securities analyst K. Simpson now expects that the oil and gas exploration company will earn $0.32 per share for the quarter, down from their previous forecast of $0.33. The consensus estimate for NOV’s current full-year earnings is $1.42 per share. Griffin Securities also issued estimates for NOV’s Q2 2025 earnings at $0.34 EPS, Q3 2025 earnings at $0.36 EPS, Q4 2025 earnings at $0.43 EPS and FY2025 earnings at $1.45 EPS.

A number of other equities research analysts have also recently issued reports on NOV. Barclays decreased their price target on shares of NOV from $16.00 to $12.00 and set an “underweight” rating for the company in a report on Wednesday, December 18th. Atb Cap Markets downgraded NOV from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Evercore ISI reaffirmed an “in-line” rating and issued a $18.00 price target (down from $25.00) on shares of NOV in a research report on Wednesday, January 15th. Seaport Res Ptn lowered NOV from a “strong-buy” rating to a “hold” rating in a report on Sunday, January 5th. Finally, Wells Fargo & Company dropped their price target on shares of NOV from $16.00 to $15.00 and set an “underweight” rating for the company in a research report on Monday, November 4th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $19.53.

NOV Stock Performance

NOV opened at $16.32 on Wednesday. The stock has a 50-day moving average of $14.90 and a 200-day moving average of $16.06. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.65 and a current ratio of 2.46. NOV has a 52-week low of $13.94 and a 52-week high of $21.20. The company has a market cap of $6.35 billion, a PE ratio of 10.13, a price-to-earnings-growth ratio of 1.00 and a beta of 1.64.

NOV (NYSE:NOV) last issued its quarterly earnings data on Tuesday, February 4th. The oil and gas exploration company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.06. NOV had a net margin of 7.16% and a return on equity of 9.88%.

Institutional Trading of NOV

Hedge funds have recently modified their holdings of the stock. Truist Financial Corp lifted its holdings in NOV by 3.4% during the 2nd quarter. Truist Financial Corp now owns 29,729 shares of the oil and gas exploration company’s stock worth $565,000 after buying an additional 991 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of NOV during the second quarter worth $285,000. nVerses Capital LLC acquired a new position in shares of NOV during the third quarter valued at $487,000. DiNuzzo Private Wealth Inc. lifted its stake in shares of NOV by 10,701.6% during the third quarter. DiNuzzo Private Wealth Inc. now owns 6,913 shares of the oil and gas exploration company’s stock valued at $110,000 after acquiring an additional 6,849 shares during the period. Finally, Blue Trust Inc. boosted its holdings in NOV by 851.1% in the third quarter. Blue Trust Inc. now owns 5,859 shares of the oil and gas exploration company’s stock valued at $94,000 after acquiring an additional 5,243 shares during the last quarter. 93.27% of the stock is owned by institutional investors.

Insider Buying and Selling at NOV

In other NOV news, Director David D. Harrison sold 1,784 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $16.10, for a total value of $28,722.40. Following the completion of the sale, the director now owns 110,951 shares in the company, valued at approximately $1,786,311.10. This trade represents a 1.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.85% of the company’s stock.

NOV Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were issued a dividend of $0.075 per share. The ex-dividend date was Friday, December 6th. This represents a $0.30 dividend on an annualized basis and a yield of 1.84%. NOV’s dividend payout ratio is 18.63%.

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.