Brokerages Set NOV Inc. (NYSE:NOV) PT at $16.07

NOV Inc. (NYSE:NOV) has been assigned an average rating of “Hold” from the eighteen research firms that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $15.7857.

A number of brokerages have recently commented on NOV. Evercore ISI cut their price objective on shares of NOV from $15.00 to $14.00 and set an “in-line” rating on the stock in a research report on Wednesday, July 30th. Weiss Ratings reissued a “hold (c-)” rating on shares of NOV in a research report on Wednesday, October 8th. JPMorgan Chase & Co. lowered shares of NOV from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $17.00 to $15.00 in a research report on Wednesday, July 30th. Zacks Research raised shares of NOV from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. Finally, Piper Sandler lowered their target price on shares of NOV from $16.00 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, August 14th.

Hedge Funds Weigh In On NOV

A number of institutional investors have recently added to or reduced their stakes in NOV. Signaturefd LLC lifted its stake in NOV by 33.2% during the 2nd quarter. Signaturefd LLC now owns 3,733 shares of the oil and gas exploration company’s stock valued at $46,000 after acquiring an additional 931 shares in the last quarter. Vident Advisory LLC lifted its stake in NOV by 9.6% during the 1st 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 in the last quarter. Keeley Teton Advisors LLC lifted its stake in NOV by 1.1% during the 1st 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 in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in NOV by 30.5% during the 1st 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 in the last quarter. Finally, Voya Investment Management LLC lifted its stake in NOV by 2.8% during the 1st 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 in the last quarter. 93.27% of the stock is currently owned by institutional investors and hedge funds.

NOV Stock Performance

Shares of NOV opened at $12.73 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.72 and a current ratio of 2.58. NOV has a twelve month low of $10.84 and a twelve month high of $16.86. The firm’s 50 day moving average price is $12.90 and its two-hundred day moving average price is $12.82. The firm has a market cap of $4.73 billion, a P/E ratio of 10.43, a PEG ratio of 3.56 and a beta of 1.26.

NOV (NYSE:NOV) last announced its quarterly earnings data on Monday, July 28th. The oil and gas exploration company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). The business had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.16 billion. NOV had a return on equity of 7.25% and a net margin of 5.36%.The business’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.57 EPS. NOV has set its Q3 2025 guidance at EPS. On average, analysts forecast that NOV will post 1.4 EPS for the current fiscal year.

NOV Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Friday, September 12th. NOV’s payout ratio is presently 24.59%.

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.