Shares of NOW Inc (NYSE:DNOW) have received an average rating of “Hold” from the eight research firms that are covering the stock, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating. The average 12 month target price among analysts that have covered the stock in the last year is $15.50.
DNOW has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded NOW from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research note on Tuesday, January 8th. ValuEngine upgraded NOW from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Finally, Stifel Nicolaus cut NOW from a “buy” rating to a “hold” rating and lowered their target price for the stock from $17.00 to $13.00 in a research note on Wednesday, December 19th.
Several institutional investors and hedge funds have recently made changes to their positions in the company. FMR LLC grew its holdings in shares of NOW by 54.3% during the fourth quarter. FMR LLC now owns 2,199 shares of the oil and gas company’s stock worth $26,000 after purchasing an additional 774 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of NOW by 1,090.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 501,882 shares of the oil and gas company’s stock valued at $43,000 after acquiring an additional 459,739 shares in the last quarter. First Hawaiian Bank raised its holdings in NOW by 27.6% in the fourth quarter. First Hawaiian Bank now owns 6,581 shares of the oil and gas company’s stock worth $77,000 after purchasing an additional 1,425 shares in the last quarter. Stone Ridge Asset Management LLC bought a new position in NOW in the fourth quarter worth $117,000. Finally, Koshinski Asset Management Inc. purchased a new stake in shares of NOW in the fourth quarter worth $128,000.
NYSE DNOW opened at $15.47 on Friday. The firm has a market cap of $1.68 billion, a PE ratio of 42.97 and a beta of 1.40. NOW has a one year low of $10.36 and a one year high of $18.56. The company has a current ratio of 2.76, a quick ratio of 1.40 and a debt-to-equity ratio of 0.11.
NOW (NYSE:DNOW) last released its earnings results on Thursday, February 14th. The oil and gas company reported $0.11 EPS for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.04. The company had revenue of $764.00 million for the quarter, compared to analysts’ expectations of $772.87 million. NOW had a return on equity of 3.24% and a net margin of 1.66%. The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.01 EPS. As a group, sell-side analysts forecast that NOW will post 0.43 EPS for the current fiscal year.
NOW Company Profile
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, measurement and control equipment, process equipment, pumps, OEM parts, coatings, mill supplies, and safety supplies, as well as provides application systems, work processes, parts integration, optimization solutions, and after-sales support services.
Featured Article: Why Invest in Dividend Achievers?
Receive News & Ratings for NOW Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NOW and related companies with MarketBeat.com's FREE daily email newsletter.