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Headlines
- Analysts at Atb Cap Markets adjust earnings outlook for NOV Inc.
- Royal Bank of Canada and Wells Fargo evaluate NOV’s performance.
- Recent earnings report shows positive revenue growth for NOV.
Analysts at Atb Cap Markets have revised their earnings outlook for NOV Inc. Analysts now anticipate that the oil and gas exploration company will earn 30 cents per share for the quarter, a decrease from the previous forecast. The consensus estimate for NOV's full-year earnings reflects steady expectations. Atb Cap Markets also provided projections for future quarters, anticipating earnings in the upcoming periods.
Several other brokerages have assessed NOV as well. Royal Bank of Canada reaffirmed a sector performance rating and set a price objective for shares of NOV. Meanwhile, Wells Fargo & Company (NYSE:WFC) downgraded their rating for NOV and adjusted their target price. Morgan Stanley also reduced their price target for NOV while maintaining a positive rating in their research. Barclays increased their price target for NOV and provided an underweight rating. Evercore ISI upgraded NOV in their research report, reflecting a more favorable view.
The firm maintains a significant market capitalization and has reported strong earnings results, outperforming analyst expectations in their last announcement. The company's quarterly revenue also exhibited a notable increase compared to the previous year, indicating a positive trajectory for NOV.
