Media coverage about NOW (NYSE:DNOW) has trended somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. NOW earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned media headlines about the oil and gas company an impact score of 46.9631592451109 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news stories that may have effected Accern’s scoring:
- Apple now lets you access medical records in Health app (engadget.com)
- First Spectre, now BranchScope — another vulnerability in Intel processors (digitaltrends.com)
- Another Cold War? Tensions between U.S. and Russia may be higher now (msn.com)
- The police chief has now labeled the Austin bomber a domestic terrorist (msn.com)
- Google Home Now Connects to Other Bluetooth Speakers (pcmag.com)
A number of equities analysts have recently weighed in on DNOW shares. Credit Suisse Group reiterated a “neutral” rating and issued a $10.00 target price (down previously from $12.00) on shares of NOW in a report on Tuesday, February 27th. Stifel Nicolaus dropped their price objective on NOW from $15.00 to $13.00 and set a “buy” rating on the stock in a report on Thursday, February 15th. Seaport Global Securities upgraded NOW from a “neutral” rating to a “buy” rating in a report on Thursday, February 15th. They noted that the move was a valuation call. ValuEngine downgraded NOW from a “sell” rating to a “strong sell” rating in a report on Friday, February 2nd. Finally, Susquehanna Bancshares set a $10.00 price objective on NOW and gave the stock a “hold” rating in a report on Thursday, February 15th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $12.50.
NOW (NYSE:DNOW) last announced its quarterly earnings results on Wednesday, February 14th. The oil and gas company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.07) by $0.08. NOW had a negative return on equity of 2.46% and a negative net margin of 1.96%. The company had revenue of $669.00 million for the quarter, compared to the consensus estimate of $690.62 million. During the same quarter last year, the company posted ($0.29) earnings per share. The company’s revenue for the quarter was up 24.3% compared to the same quarter last year. equities analysts expect that NOW will post 0.07 EPS for the current fiscal year.
In related news, CEO Robert R. Workman purchased 28,550 shares of the stock in a transaction on Tuesday, March 6th. The shares were bought at an average price of $10.51 per share, for a total transaction of $300,060.50. Following the completion of the acquisition, the chief executive officer now directly owns 583,616 shares in the company, valued at approximately $6,133,804.16. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 3.50% of the company’s stock.
NOW Company Profile
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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