NOW (NYSE:DNOW) had its target price lifted by equities researchers at Cowen from $12.00 to $15.00 in a report released on Friday. The brokerage currently has a “market perform” rating on the oil and gas company’s stock. Cowen’s target price indicates a potential downside of 10.87% from the company’s previous close.
Several other research analysts have also commented on DNOW. Stifel Nicolaus increased their price target on shares of NOW from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, May 3rd. Zacks Investment Research upgraded shares of NOW from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Tuesday, July 3rd. ValuEngine upgraded shares of NOW from a “strong sell” rating to a “sell” rating in a research note on Friday, May 18th. TheStreet upgraded shares of NOW from a “d+” rating to a “c” rating in a research note on Wednesday, May 16th. Finally, Susquehanna Bancshares set a $11.00 price target on shares of NOW and gave the stock a “hold” rating in a research note on Friday, April 13th. One analyst has rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the stock. NOW currently has an average rating of “Hold” and an average price target of $13.20.
Get NOW alerts:DNOW stock opened at $16.83 on Friday. NOW has a 12-month low of $9.12 and a 12-month high of $17.18. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.72 and a quick ratio of 1.35. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of -62.33 and a beta of 0.97.
NOW (NYSE:DNOW) last released its earnings results on Thursday, August 2nd. The oil and gas company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.07. NOW had a negative net margin of 0.97% and a negative return on equity of 1.01%. The company had revenue of $777.00 million during the quarter, compared to the consensus estimate of $761.78 million. During the same quarter in the prior year, the firm earned ($0.10) EPS. The company’s revenue was up 19.4% compared to the same quarter last year. research analysts expect that NOW will post 0.15 earnings per share for the current fiscal year.
A number of large investors have recently bought and sold shares of the stock. CWM LLC grew its stake in NOW by 8.2% in the 2nd quarter. CWM LLC now owns 46,417 shares of the oil and gas company’s stock valued at $619,000 after buying an additional 3,518 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in NOW by 6.5% in the 2nd quarter. Janney Montgomery Scott LLC now owns 65,078 shares of the oil and gas company’s stock valued at $867,000 after purchasing an additional 3,998 shares during the period. Alliancebernstein L.P. boosted its holdings in NOW by 3.5% in the 4th quarter. Alliancebernstein L.P. now owns 169,976 shares of the oil and gas company’s stock valued at $1,875,000 after purchasing an additional 5,710 shares during the period. McCollum Christoferson Group LLC boosted its holdings in NOW by 2.8% in the 2nd quarter. McCollum Christoferson Group LLC now owns 208,126 shares of the oil and gas company’s stock valued at $2,774,000 after purchasing an additional 5,745 shares during the period. Finally, Cornerstone Wealth Management LLC bought a new stake in NOW in the 2nd quarter valued at $514,000.
NOW Company Profile
NOW Inc distributes energy and industrial products in the United States, Canada, and internationally. It offers consumable maintenance, repair, and operating supplies; and pipes, valves, fittings, flanges, gaskets, fasteners, electrical products, instrumentations, artificial lift, pumping solutions, valve actuation and modular process, measurement and control equipment, process equipment, pumps, OEM parts, coatings, mill supplies, and safety supplies, as well as provides application systems, work processes, parts integration, optimization solutions, and after-sales support services.
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