DNOW (DNOW) Expected to Announce Quarterly Earnings on Thursday

DNOW (NYSE:DNOW) is expected to post its quarterly earnings results before the market opens on Thursday, February 13th. Analysts expect DNOW to post earnings of $0.14 per share and revenue of $552.87 million for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

DNOW Trading Up 2.7 %

DNOW opened at $14.43 on Wednesday. The stock’s fifty day simple moving average is $13.92 and its 200 day simple moving average is $13.41. DNOW has a 1-year low of $9.44 and a 1-year high of $15.65. The stock has a market cap of $1.53 billion, a PE ratio of 7.71 and a beta of 1.53.

DNOW declared that its board has approved a stock buyback plan on Friday, January 24th that authorizes the company to repurchase $160.00 million in outstanding shares. This repurchase authorization authorizes the oil and gas company to purchase up to 10% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.

Insider Transactions at DNOW

In related news, Director Paul M. Coppinger sold 26,186 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $15.35, for a total value of $401,955.10. Following the completion of the sale, the director now directly owns 56,568 shares in the company, valued at $868,318.80. The trade was a 31.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.60% of the stock is currently owned by corporate insiders.

DNOW Company Profile

DNOW Inc distributes downstream energy and industrial products for petroleum refining, chemical processing, LNG terminals, power generation utilities, and customer on-site locations in the United States, Canada, and internationally. The company provides consumable maintenance, repair, and operating supplies; pipes, manual and automated valves, fittings, flanges, gaskets, fasteners, electrical instrumentations, artificial lift, pumping solutions, valve actuation and modular process, and measurement and control equipment; and mill supplies, tools, safety supplies, and personal protective equipment, as well as artificial lift systems, coatings, and miscellaneous expendable items.