NOW Inc. (NYSE:DNOW) has been assigned a $14.00 price objective by stock analysts at Cowen and Company in a research report issued on Friday, October 6th. The firm presently has a “hold” rating on the oil and gas company’s stock. Cowen and Company’s price objective indicates a potential upside of 8.19% from the stock’s current price.
A number of other research analysts have also recently commented on the company. Stifel Nicolaus reaffirmed a “buy” rating and set a $18.00 price target on shares of NOW in a research report on Thursday, September 7th. BidaskClub raised NOW from a “hold” rating to a “buy” rating in a report on Saturday, September 30th. Zacks Investment Research raised NOW from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Credit Suisse Group set a $15.00 price objective on NOW and gave the stock a “hold” rating in a report on Friday, August 4th. Finally, J P Morgan Chase & Co dropped their price objective on NOW from $15.00 to $12.00 and set a “neutral” rating on the stock in a report on Tuesday, September 12th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $17.78.
NOW (NYSE:DNOW) opened at 12.94 on Friday. NOW has a 52 week low of $11.31 and a 52 week high of $23.53. The company’s 50 day moving average is $12.94 and its 200-day moving average is $15.15. The firm’s market cap is $1.39 billion.
NOW (NYSE:DNOW) last released its quarterly earnings data on Wednesday, August 2nd. The oil and gas company reported ($0.10) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.10). The firm had revenue of $651.00 million during the quarter, compared to the consensus estimate of $674.97 million. NOW had a negative return on equity of 7.83% and a negative net margin of 7.14%. The company’s quarterly revenue was up 29.9% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.40) earnings per share. Equities analysts expect that NOW will post ($0.26) earnings per share for the current year.
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Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of NOW by 9.2% in the 1st quarter. Vanguard Group Inc. now owns 8,787,117 shares of the oil and gas company’s stock valued at $149,030,000 after purchasing an additional 739,256 shares during the period. Dimensional Fund Advisors LP raised its stake in NOW by 30.9% during the first quarter. Dimensional Fund Advisors LP now owns 3,162,033 shares of the oil and gas company’s stock valued at $53,626,000 after buying an additional 745,677 shares during the last quarter. Federated Investors Inc. PA raised its stake in NOW by 13.0% during the second quarter. Federated Investors Inc. PA now owns 517,150 shares of the oil and gas company’s stock valued at $8,316,000 after buying an additional 59,461 shares during the last quarter. State Street Corp raised its stake in NOW by 1.7% during the first quarter. State Street Corp now owns 3,468,501 shares of the oil and gas company’s stock valued at $58,823,000 after buying an additional 59,238 shares during the last quarter. Finally, Tudor Investment Corp ET AL purchased a new position in NOW during the first quarter valued at $293,000. Institutional investors own 99.97% 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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