NOV (NYSE:NOV) Posts Quarterly Earnings Results, Misses Expectations By $0.02 EPS

NOV (NYSE:NOV) announced its earnings results on Monday. The oil and gas exploration company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.02), Zacks reports. NOV had a net margin of 1.05% and a return on equity of 3.31%. The business had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.07 billion. During the same period in the prior year, the business earned $0.19 earnings per share. The company’s revenue for the quarter was down 2.4% compared to the same quarter last year.

NOV Stock Performance

Shares of NOV stock traded up $0.08 during trading on Wednesday, reaching $20.37. 913,623 shares of the company’s stock traded hands, compared to its average volume of 4,962,353. The company has a market capitalization of $7.34 billion, a P/E ratio of 84.86 and a beta of 0.94. The company has a current ratio of 2.42, a quick ratio of 1.67 and a debt-to-equity ratio of 0.27. The firm’s 50-day moving average is $19.40 and its 200 day moving average is $17.33. NOV has a 1 year low of $11.44 and a 1 year high of $20.93.

NOV Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 13th were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Friday, March 13th. This is an increase from NOV’s previous quarterly dividend of $0.08. NOV’s dividend payout ratio is currently 150.00%.

Key NOV News

Here are the key news stories impacting NOV this week:

• Positive Sentiment: Management stresses a constructive industry setup — NOV says the market has shifted toward undersupply, expecting higher commodity prices and a new capital‑equipment cycle that could boost future demand; management reiterated readiness to benefit from that cycle. Read More.
• Positive Sentiment: Strategic growth investments: NOV approved a ~$200M expansion of its Brazil flexibles facility and outlined $340M–$370M capex for 2026 to support rising offshore demand and higher utilization. These moves should increase capacity for higher‑margin, deepwater work. Read More.
• Positive Sentiment: Shareholder returns and balance sheet: NOV returned $100M in Q1 via $67M buybacks and $33M dividends, while maintaining ~$1.34B cash and $1.5B revolver availability — supports capital returns and reduces investor concern about funding growth. Read More.
• Neutral Sentiment: Bookings and backlog mixed: New orders of $520M (book‑to‑bill 0.8) and a capital equipment backlog of $4.23B show demand exists, but book‑to‑bill below 1.0 and a modest backlog decline vs. prior year temper the read. Read More.
• Negative Sentiment: Earnings miss and margin compression: Q1 EPS of $0.15 missed estimates (~$0.17); revenue $2.05B (-2% YoY) and Adj. EBITDA fell to $177M (down $75M YoY) as margins compressed. That explains immediate investor caution. Read More.
• Negative Sentiment: Middle East disruptions: NOV estimates ~$54M revenue and ~$32M Adj. EBITDA impact from logistics/service interruptions in the region; management warns disruptions could persist into Q2 and pressured margins this quarter. Read More.
• Negative Sentiment: Near‑term cash flow and guidance risk: Free cash flow was negative in Q1 (~-$91M) and operating cash was weak; management guides Q2 revenue down 4–6% YoY with Adj. EBITDA $185M–$215M — a signal of continued near‑term headwinds. Read More.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on NOV shares. Evercore set a $19.00 target price on NOV in a research report on Friday, February 6th. Citigroup lifted their price objective on NOV from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Wednesday, February 11th. Stifel Nicolaus lifted their price objective on NOV from $21.00 to $23.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Morgan Stanley lifted their price objective on NOV from $18.00 to $20.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 15th. Finally, TD Cowen lowered NOV from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 10th. Three equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $19.21.

Insider Transactions at NOV

In other NOV news, insider Joseph W. Rovig sold 151,086 shares of NOV stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $20.17, for a total transaction of $3,047,404.62. Following the completion of the transaction, the insider owned 269,694 shares of the company’s stock, valued at $5,439,727.98. The trade was a 35.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Craig L. Weinstock sold 70,000 shares of NOV stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $20.08, for a total value of $1,405,600.00. Following the transaction, the vice president directly owned 256,319 shares of the company’s stock, valued at $5,146,885.52. The trade was a 21.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.15% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in NOV. CIBC Private Wealth Group LLC grew its holdings in NOV by 659.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,278 shares of the oil and gas exploration company’s stock valued at $36,000 after buying an additional 1,978 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in NOV during the 4th quarter valued at about $74,000. UMB Bank n.a. grew its holdings in NOV by 67.7% during the 4th quarter. UMB Bank n.a. now owns 5,214 shares of the oil and gas exploration company’s stock valued at $81,000 after buying an additional 2,105 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in NOV by 33.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,595 shares of the oil and gas exploration company’s stock valued at $82,000 after buying an additional 1,658 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new position in NOV during the 2nd quarter valued at about $93,000. Hedge funds and other institutional investors own 93.27% of the company’s stock.

About NOV

National Oilwell Varco (NYSE: NOV) is a leading provider of equipment and technology to the oil and gas industry. The company designs, manufactures and services an extensive portfolio of products used in drilling, completion and production operations. Its offerings include drilling rigs and related components, wellbore technologies such as tubulars and completion tools, surface equipment including mud pumps and blowout preventers, and aftermarket parts and services that support ongoing field operations.

NOV’s business is organized to serve upstream energy companies around the world.