NOV (NOV) to Release Quarterly Earnings on Tuesday

NOV (NYSE:NOV) will likely be posting its Q2 2026 results after the market closes on Tuesday, July 28th. Analysts expect the company to announce earnings of $0.16 per share and revenue of $2.0843 billion for the quarter. Interested persons can check the company’s upcoming Q2 2026 earning overview page for the latest details on the call scheduled for Wednesday, July 29, 2026 at 11:00 AM ET.

NOV (NYSE:NOV) last announced its earnings results on Tuesday, April 28th. The oil and gas exploration company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.12). The firm had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.05 billion. NOV had a return on equity of 3.34% and a net margin of 1.05%.NOV’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.19 EPS. On average, analysts expect NOV to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

NOV Stock Performance

NOV opened at $19.57 on Tuesday. The company has a market capitalization of $7.02 billion, a price-to-earnings ratio of 81.56 and a beta of 0.91. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.47 and a quick ratio of 1.66. NOV has a 1-year low of $11.77 and a 1-year high of $21.55. The business has a 50 day moving average price of $19.76 and a two-hundred day moving average price of $19.23.

NOV Announces Dividend

The company also recently disclosed a special dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were paid a $0.09 dividend. This represents a dividend yield of 170.0%. The ex-dividend date of this dividend was Friday, June 12th. NOV’s payout ratio is currently 150.00%.

Analyst Ratings Changes

Several analysts have recently weighed in on NOV shares. Royal Bank Of Canada upped their price objective on NOV from $21.00 to $22.00 and gave the company a “sector perform” rating in a report on Wednesday, April 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NOV in a report on Wednesday, June 24th. Stifel Nicolaus boosted their price target on shares of NOV from $21.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Susquehanna cut their price target on shares of NOV from $24.00 to $22.00 and set a “positive” rating for the company in a report on Wednesday, July 8th. Finally, Morgan Stanley set a $21.00 price objective on shares of NOV in a research report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $20.50.

Institutional Investors Weigh In On NOV

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. raised its holdings in shares of NOV by 17.3% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 7,735 shares of the oil and gas exploration company’s stock valued at $102,000 after acquiring an additional 1,140 shares during the period. NorthRock Partners LLC boosted its stake in NOV by 8.2% in the 3rd quarter. NorthRock Partners LLC now owns 11,282 shares of the oil and gas exploration company’s stock worth $149,000 after purchasing an additional 854 shares during the period. FORA Capital LLC purchased a new position in NOV during the 3rd quarter worth approximately $140,000. Glenmede Investment Management LP acquired a new stake in NOV during the 3rd quarter valued at $133,000. Finally, Osaic Holdings Inc. raised its stake in NOV by 32.5% during the 2nd quarter. Osaic Holdings Inc. now owns 10,487 shares of the oil and gas exploration company’s stock valued at $131,000 after purchasing an additional 2,571 shares during the period. 93.27% of the stock is owned by institutional investors and hedge funds.

NOV Company Profile

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.