Press coverage about NOW (NYSE:DNOW) has trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. NOW earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news headlines about the oil and gas company an impact score of 46.9631592451109 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- BRIEF-Zscaler Now Sees IPO Of Up To 12 Mln Shares (reuters.com)
- Now you can direct deposit your paycheck with Square (bizjournals.com)
- Senate bill to toughen gun background checks now filibuster-proof (upi.com)
- We Leaned In. Now What? (bloomberg.com)
- NOW Inc (DNOW) Given Consensus Recommendation of “Hold” by Brokerages (americanbankingnews.com)
DNOW has been the topic of a number of research analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $12.50 price target on shares of NOW in a research report on Thursday, December 14th. Zacks Investment Research cut shares of NOW from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. ValuEngine cut shares of NOW from a “sell” rating to a “strong sell” rating in a research report on Friday, February 2nd. Seaport Global Securities raised shares of NOW from a “neutral” rating to a “buy” rating in a research report on Thursday, February 15th. They noted that the move was a valuation call. Finally, Cowen cut their price target on shares of NOW from $10.00 to $9.00 and set a “market perform” rating on the stock in a research report on Thursday, February 15th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $12.50.
NOW (NYSE:DNOW) last released its quarterly earnings data on Wednesday, February 14th. The oil and gas company reported $0.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.08. The company had revenue of $669.00 million for the quarter, compared to analysts’ expectations of $690.62 million. NOW had a negative net margin of 1.96% and a negative return on equity of 2.46%. The business’s revenue was up 24.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.29) EPS. research analysts forecast that NOW will post 0.07 EPS for the current year.
In related news, CEO Robert R. Workman acquired 28,550 shares of the business’s stock in a transaction dated Tuesday, March 6th. The shares were bought at an average price of $10.51 per share, with a total value of $300,060.50. Following the transaction, the chief executive officer now directly owns 583,616 shares of the company’s stock, valued at $6,133,804.16. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 3.50% of the stock is owned by corporate insiders.
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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.
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