NOW Inc (NYSE:DNOW) has been assigned a consensus recommendation of “Hold” from the thirteen ratings firms that are currently covering the firm, MarketBeat reports. Nine investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $14.25.
A number of analysts recently issued reports on the company. Zacks Investment Research downgraded NOW from a “buy” rating to a “hold” rating in a research report on Wednesday. ValuEngine raised NOW from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Stifel Nicolaus downgraded NOW from a “buy” rating to a “hold” rating and cut their price objective for the stock from $17.00 to $13.00 in a research report on Wednesday, December 19th. Robert W. Baird cut their price objective on NOW from $17.00 to $16.00 and set a “neutral” rating for the company in a research report on Friday, November 2nd. Finally, Cowen assumed coverage on NOW in a research report on Saturday, October 13th. They set a “hold” rating and a $17.00 price objective for the company.
Shares of DNOW traded up $0.08 during midday trading on Friday, reaching $13.35. The company had a trading volume of 604,982 shares, compared to its average volume of 1,069,598. NOW has a 1-year low of $9.12 and a 1-year high of $18.56. The company has a market capitalization of $1.44 billion, a PE ratio of -49.44 and a beta of 1.29. The company has a quick ratio of 1.44, a current ratio of 2.72 and a debt-to-equity ratio of 0.14.
NOW (NYSE:DNOW) last issued its earnings results on Thursday, November 1st. The oil and gas company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.04. NOW had a return on equity of 2.43% and a net margin of 1.09%. The business had revenue of $822.00 million during the quarter, compared to the consensus estimate of $805.80 million. During the same period last year, the company earned ($0.03) EPS. The company’s revenue for the quarter was up 17.9% on a year-over-year basis. As a group, equities analysts anticipate that NOW will post 0.33 earnings per share for the current fiscal year.
Large investors have recently modified their holdings of the stock. Baillie Gifford & Co. grew its position in NOW by 2.3% in the 3rd quarter. Baillie Gifford & Co. now owns 14,669,900 shares of the oil and gas company’s stock valued at $242,787,000 after acquiring an additional 326,341 shares in the last quarter. BlackRock Inc. grew its position in NOW by 1.2% in the 3rd quarter. BlackRock Inc. now owns 11,882,925 shares of the oil and gas company’s stock valued at $196,662,000 after acquiring an additional 141,825 shares in the last quarter. Vanguard Group Inc. grew its position in NOW by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 9,800,705 shares of the oil and gas company’s stock valued at $162,201,000 after acquiring an additional 205,774 shares in the last quarter. Vanguard Group Inc grew its position in NOW by 2.1% in the 3rd quarter. Vanguard Group Inc now owns 9,800,705 shares of the oil and gas company’s stock valued at $162,201,000 after acquiring an additional 205,774 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in NOW by 16.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 7,739,494 shares of the oil and gas company’s stock valued at $128,089,000 after acquiring an additional 1,103,324 shares in the last quarter.
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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