KeyCorp Comments on NOW Inc’s FY2019 Earnings (DNOW)

NOW Inc (NYSE:DNOW) – Investment analysts at KeyCorp issued their FY2019 earnings estimates for shares of NOW in a research note issued to investors on Sunday. KeyCorp analyst S. Barger anticipates that the oil and gas company will earn $0.56 per share for the year.

A number of other brokerages also recently weighed in on DNOW. UBS Group downgraded NOW from a “positive” rating to a “neutral” rating in a report on Thursday, November 2nd. Robert W. Baird reiterated a “hold” rating and set a $13.00 price target on shares of NOW in a report on Friday, November 3rd. ValuEngine downgraded NOW from a “sell” rating to a “strong sell” rating in a report on Friday, February 2nd. Citigroup downgraded NOW from a “positive” rating to a “neutral” rating and lowered their price target for the company from $19.00 to $11.00 in a report on Thursday, November 2nd. They noted that the move was a valuation call. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $15.00 price target (up previously from $12.50) on shares of NOW in a report on Tuesday, January 16th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company’s stock. NOW presently has an average rating of “Hold” and a consensus target price of $15.90.

Shares of NOW (NYSE DNOW) traded down $0.14 during mid-day trading on Tuesday, hitting $9.73. The stock had a trading volume of 1,298,772 shares, compared to its average volume of 1,518,514. NOW has a twelve month low of $9.12 and a twelve month high of $22.71. The company has a quick ratio of 1.39, a current ratio of 2.72 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $1,014.43, a P/E ratio of -8.89 and a beta of 0.80.

Hedge funds and other institutional investors have recently modified their holdings of the business. Shell Asset Management Co. purchased a new position in NOW in the third quarter valued at about $137,000. HighTower Advisors LLC purchased a new position in NOW in the second quarter valued at about $170,000. ETRADE Capital Management LLC purchased a new position in NOW in the third quarter valued at about $165,000. Boothbay Fund Management LLC purchased a new position in NOW in the third quarter valued at about $176,000. Finally, Cubist Systematic Strategies LLC purchased a new position in NOW in the third quarter valued at about $176,000.

WARNING: This news story was posted by Transcript Daily and is the property of of Transcript Daily. If you are viewing this news story on another domain, it was illegally stolen and republished in violation of US & international trademark and copyright legislation. The original version of this news story can be read at https://transcriptdaily.com/2018/02/13/keycorp-comments-on-now-incs-fy2019-earnings-dnow.html.

About NOW

NOW Inc (NOW) is a global distributor to the oil and gas and industrial markets. The Company operates under the DistributionNOW and Wilson Export brands. Its segments include the United States, Canada and International. As of December 31, 2016, its segments, the United States, Canada and International, had over 200, 55 and 35 locations, respectively.

Receive News & Ratings for NOW Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NOW and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply