NOW Inc (DNOW) Receives $15.50 Average Target Price from Analysts

NOW Inc (NYSE:DNOW) has earned an average recommendation of “Hold” from the eight research firms that are currently covering the company, MarketBeat reports. Seven analysts have rated the stock with a hold rating. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $15.50.

A number of brokerages recently issued reports on DNOW. Zacks Investment Research downgraded shares of NOW from a “buy” rating to a “hold” rating in a research note on Friday, January 18th. ValuEngine upgraded shares of NOW from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd.

Shares of NYSE DNOW traded up $0.05 during midday trading on Friday, hitting $15.45. The company’s stock had a trading volume of 550,784 shares, compared to its average volume of 773,065. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.40 and a current ratio of 2.76. NOW has a 1 year low of $10.36 and a 1 year high of $18.56. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of 42.92 and a beta of 1.40.

NOW (NYSE:DNOW) last posted its quarterly earnings data on Thursday, February 14th. The oil and gas company reported $0.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.04. NOW had a net margin of 1.66% and a return on equity of 3.24%. The business had revenue of $764.00 million during the quarter, compared to analyst estimates of $772.87 million. During the same quarter last year, the firm posted $0.01 earnings per share. The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. Equities analysts predict that NOW will post 0.43 EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of DNOW. Millennium Management LLC lifted its position in shares of NOW by 121.5% during the 4th quarter. Millennium Management LLC now owns 2,107,721 shares of the oil and gas company’s stock worth $24,534,000 after buying an additional 1,156,110 shares during the last quarter. Baillie Gifford & Co. lifted its position in shares of NOW by 7.0% during the 4th quarter. Baillie Gifford & Co. now owns 15,691,496 shares of the oil and gas company’s stock worth $182,649,000 after buying an additional 1,021,596 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of NOW by 12.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 8,670,835 shares of the oil and gas company’s stock worth $100,928,000 after buying an additional 931,341 shares during the last quarter. Deutsche Bank AG lifted its position in shares of NOW by 87.0% during the 3rd quarter. Deutsche Bank AG now owns 1,667,595 shares of the oil and gas company’s stock worth $27,596,000 after buying an additional 775,836 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its position in shares of NOW by 49.1% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 2,269,123 shares of the oil and gas company’s stock worth $26,413,000 after buying an additional 746,961 shares during the last quarter.

About NOW

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, and measurement and control equipment; and mill supplies, tools, safety supplies, and personal protective equipment, as well as applied products and applications, such as artificial lift systems, coatings, and other expendable items.

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Analyst Recommendations for NOW (NYSE:DNOW)

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