NOV (NOV) Expected to Release Quarterly Earnings on Tuesday

by · The Markets Daily

NOV (NYSE:NOV – Get Free Report) is projected to announce its Q3 2026 results after the market closes on Tuesday, October 27th. Analysts expect NOV to post earnings of $0.2546 per share and revenue of $2.20 billion for the quarter. Parties are encouraged to explore the company’s upcoming Q3 2026 earnings report page for the latest details on the call scheduled for Wednesday, October 28, 2026 at 11:00 AM ET.

NOV (NYSE:NOV – Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The oil and gas exploration company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.17 by $0.14. NOV had a return on equity of 3.44% and a net margin of 1.10%. The company had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.08 billion. During the same quarter last year, the company posted $0.29 earnings per share. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. On average, analysts expect NOV to post $0.99 EPS for the current fiscal year and $1.30 EPS for the next fiscal year.

NOV Trading Up 0.4%

NYSE:NOV opened at $19.83 on Monday. NOV has a 12 month low of $13.84 and a 12 month high of $21.93. The firm has a market cap of $7.07 billion, a price-to-earnings ratio of 76.28 and a beta of 0.97. The company has a quick ratio of 1.61, a current ratio of 2.42 and a debt-to-equity ratio of 0.27. The company’s 50 day moving average is $20.05 and its 200-day moving average is $19.91.

NOV Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 11th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, September 11th. NOV’s dividend payout ratio is currently 138.46%.

Insider Activity at NOV

In other news, Director David Harrison sold 9,594 shares of the stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $19.21, for a total value of $184,300.74. Following the completion of the sale, the director directly owned 126,763 shares of the company’s stock, valued at approximately $2,435,117.23. This represents a 7.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.15% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Citigroup lowered their target price on shares of NOV from $22.00 to $21.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 30th. Barclays cut their target price on shares of NOV from $21.00 to $20.00 and set an “underweight” rating for the company in a research report on Friday, July 31st. Susquehanna upped their price target on shares of NOV from $22.00 to $24.00 and gave the company a “positive” rating in a report on Thursday, July 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NOV in a research report on Monday, September 21st. Finally, TD Cowen raised their price target on NOV from $25.00 to $26.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Five research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $21.23.

Get Our Latest Analysis on NOV

About NOV

(Get Free Report)

NOV Inc (NYSE: NOV) is a Houston-based technology and equipment provider serving the global energy industry. The company develops and manufactures products and systems used in oil and natural gas drilling, well construction, completion and production operations.

Its offerings include land and offshore drilling rigs, rig equipment and components, downhole tools, drill pipe, wellbore technologies, pressure-control systems, and equipment used to enhance production. NOV also provides aftermarket parts, technical support, maintenance and other services designed to help energy companies operate and maintain their equipment.

The company was formed in 2005 through the merger of National Oilwell and Varco International, building on businesses with much longer histories in the oilfield equipment industry.

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