Seaport Res Ptn Has Bearish Forecast for NOV Q1 Earnings

NOV Inc. (NYSE:NOV) – Stock analysts at Seaport Res Ptn lowered their Q1 2025 earnings per share (EPS) estimates for NOV in a research note issued to investors on Monday, February 10th. Seaport Res Ptn analyst T. Curran now anticipates that the oil and gas exploration company will post earnings of $0.24 per share for the quarter, down from their prior estimate of $0.38. Seaport Res Ptn currently has a “Hold” rating on the stock. The consensus estimate for NOV’s current full-year earnings is $1.42 per share. Seaport Res Ptn also issued estimates for NOV’s FY2025 earnings at $1.35 EPS.

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

Several other brokerages also recently weighed in on NOV. TD Cowen reduced their target price on shares of NOV from $28.00 to $22.00 and set a “buy” rating on the stock in a research note on Monday, October 28th. Piper Sandler upped their target price on NOV from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Monday. Stifel Nicolaus decreased their price target on NOV from $25.00 to $24.00 and set a “buy” rating for the company in a research note on Monday, October 28th. Raymond James boosted their price objective on NOV from $18.00 to $19.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Finally, Citigroup lowered NOV from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $21.00 to $18.00 in a research note on Monday, November 11th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, NOV presently has a consensus rating of “Hold” and an average price target of $19.53.

NOV Stock Down 1.8 %

Shares of NYSE NOV opened at $16.00 on Thursday. The stock has a market capitalization of $6.23 billion, a price-to-earnings ratio of 9.94, a P/E/G ratio of 1.00 and a beta of 1.64. NOV has a 12-month low of $13.94 and a 12-month high of $21.20. The company has a current ratio of 2.46, a quick ratio of 1.65 and a debt-to-equity ratio of 0.26. The firm’s 50-day moving average price is $14.91 and its 200-day moving average price is $16.05.

Insider Activity at NOV

In other news, Director David D. Harrison sold 1,784 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $16.10, for a total transaction of $28,722.40. Following the sale, the director now owns 110,951 shares in the company, valued at approximately $1,786,311.10. The trade was 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 accessible through this hyperlink. 1.85% of the stock is currently owned by corporate insiders.

Institutional Trading of NOV

Several large investors have recently bought and sold shares of the stock. Huntington National Bank lifted its stake in shares of NOV by 88.7% during the fourth quarter. Huntington National Bank now owns 2,200 shares of the oil and gas exploration company’s stock worth $32,000 after buying an additional 1,034 shares during the period. UMB Bank n.a. raised its stake in NOV by 222.3% in the 4th quarter. UMB Bank n.a. now owns 2,337 shares of the oil and gas exploration company’s stock worth $34,000 after acquiring an additional 1,612 shares during the last quarter. Quarry LP acquired a new stake in NOV during the 3rd quarter worth about $36,000. Signaturefd LLC grew its stake in NOV by 41.3% during the 4th quarter. Signaturefd LLC now owns 2,587 shares of the oil and gas exploration company’s stock valued at $38,000 after purchasing an additional 756 shares during the last quarter. Finally, CoreFirst Bank & Trust acquired a new position in shares of NOV in the fourth quarter valued at about $41,000. Hedge funds and other 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.