NOV (NYSE:NOV) Announces Earnings Results

NOV (NYSE:NOV) released its quarterly earnings data on Tuesday. The oil and gas exploration company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.35 by $0.06, Zacks reports. NOV had a return on equity of 10.82% and a net margin of 12.05%. NOV updated its Q1 2025 guidance to EPS.

NOV Trading Up 12.5 %

NOV opened at $16.41 on Thursday. The business’s 50 day moving average price is $14.93 and its 200 day moving average price is $16.16. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.65 and a current ratio of 2.57. The stock has a market capitalization of $6.38 billion, a PE ratio of 6.05, a P/E/G ratio of 0.93 and a beta of 1.64. NOV has a one year low of $13.94 and a one year high of $21.20.

NOV Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 1.83%. The ex-dividend date was Friday, December 6th. NOV’s payout ratio is presently 11.07%.

Analysts Set New Price Targets

A number of research analysts have weighed in on NOV shares. Seaport Res Ptn cut shares of NOV from a “strong-buy” rating to a “hold” rating in a report on Sunday, January 5th. Barclays decreased their price objective on shares of NOV from $16.00 to $12.00 and set an “underweight” rating on the stock in a report on Wednesday, December 18th. ATB Capital restated a “sector perform” rating and set a $19.00 price target on shares of NOV in a research report on Tuesday, December 10th. Wells Fargo & Company lowered their price objective on NOV from $16.00 to $15.00 and set an “underweight” rating on the stock in a report on Monday, November 4th. Finally, Evercore ISI restated an “in-line” rating and issued a $18.00 target price (down previously from $25.00) on shares of NOV in a research report on Wednesday, January 15th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $19.64.

Insider Buying and Selling at NOV

In other NOV news, Director David D. Harrison sold 1,784 shares of NOV stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $16.10, for a total transaction of $28,722.40. Following the completion of the sale, the director now directly owns 110,951 shares in the company, valued at $1,786,311.10. This trade represents a 1.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.85% 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.