Griffin Securities Adjusts NOV's Q1 Earnings Forecast

NOV Inc. (NYSE:NOV - Free Report) has seen a reduction in its projected earnings for Q1 of 2025 according to research analysts at Griffin Securities. On February 10th, Griffin securities issued a report that revised their estimates, indicating that the oil and gas exploration company is now expected to earn $0.32 per share. This is a slight decrease from their earlier prediction of $0.33 per share.

For the entire year of 2025, analysts expect NOV's earnings per share (EPS) to be approximately $1.45. The next quarters are also anticipated to show modest gains, with Q2 expected to yield an EPS of $0.34, followed by $0.36 in Q3, and $0.43 in Q4.

Recent Analyst Ratings on NOV

Other equity research analysts have also made recent adjustments regarding NOV's projected performance. Notably, Barclays lowered its price target on NOV from $16.00 to $12.00 while assigning an "underweight" rating. Atb Capital Markets shifted their stance from a "strong-buy" to a "hold" rating. Evercore ISI reaffirmed their "in-line" rating but reduced their price target from $25.00 to $18.00. Similarly, Seaport Res Ptn downgraded NOV from a "strong-buy" to a "hold". Recently, Wells Fargo cut their price target from $16.00 to $15.00 and maintained an "underweight" rating. Overall, there are two analysts recommending a sell on the stock, while nine have assigned it a hold rating, and seven have given it a buy recommendation. MarketBeat.com data indicates that the average price target for the stock is $19.53.

NOV Stock Performance

As of the latest trading data, NOV shares opened at $16.32. Over recent months, the stock's performance has shown a 50-day moving average of $14.90 and a 200-day moving average of $16.06. The company has a market capitalization of $6.35 billion and reported a price-to-earnings (PE) ratio of 10.13. Over the last year, NOV has traded between a low of $13.94 and a high of $21.20.

Institutional Trading and Insider Activity

Recent movements in institutional trading reveal that firms are adjusting their positions in NOV. For example, Truist Financial Corp increased its stakes by 3.4%. Meanwhile, other firms have also engaged in buying, indicating ongoing interest in NOV's stock. Insider trading has also been noted as Director David D. Harrison sold 1,784 shares recently. This transaction underscores active market participation by insiders.

NOV Dividend Information

NOV has declared a quarterly dividend recently, which was distributed on December 20th. Shareholders received a dividend of $0.075 per share, culminating in an annualized dividend yield of 1.84%. This ratio reflects a solid payout ratio of 18.63% for investors.

Company Overview

Founded to meet vital needs in oil and gas drilling and production, NOV Inc. designs, constructs, and manufactures a variety of systems. The company operates through segments focused on energy equipment as well as products and services related to energy. Their offerings include drilling fluids, managed pressure drilling, tubular inspection services, and more.

Earnings, Forecast, Stocks