NOW (NYSE:DNOW) PT Lowered to $14.00 at Stifel Nicolaus

NOW (NYSE:DNOW) had its price objective reduced by Stifel Nicolaus from $15.00 to $14.00 in a report issued on Monday, BenzingaRatingsTable reports. Stifel Nicolaus currently has a hold rating on the oil and gas company’s stock.

Separately, Zacks Investment Research upgraded General Moly from a sell rating to a hold rating in a report on Thursday, July 11th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $15.60.

NOW stock opened at $11.98 on Monday. NOW has a 52 week low of $10.36 and a 52 week high of $18.56. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.64 and a quick ratio of 1.30. The company has a market capitalization of $1.34 billion, a PE ratio of 25.69 and a beta of 1.45. The stock’s 50-day simple moving average is $13.78.



NOW (NYSE:DNOW) last posted its quarterly earnings results on Thursday, May 2nd. The oil and gas company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. NOW had a return on equity of 4.19% and a net margin of 2.16%. The business had revenue of $785.00 million during the quarter, compared to analysts’ expectations of $772.54 million. During the same quarter last year, the company posted $0.01 earnings per share. NOW’s quarterly revenue was up 2.7% on a year-over-year basis. On average, sell-side analysts anticipate that NOW will post 0.43 earnings per share for the current year.

Large investors have recently modified their holdings of the company. Wakefield Asset Management LLLP boosted its holdings in shares of NOW by 86.9% during the fourth quarter. Wakefield Asset Management LLLP now owns 27,882 shares of the oil and gas company’s stock worth $325,000 after acquiring an additional 12,964 shares during the period. Icon Wealth Partners LLC bought a new stake in shares of NOW during the first quarter worth approximately $91,000. Millennium Management LLC boosted its holdings in shares of NOW by 121.5% during the fourth quarter. Millennium Management LLC now owns 2,107,721 shares of the oil and gas company’s stock worth $24,534,000 after acquiring an additional 1,156,110 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of NOW by 18.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 35,269 shares of the oil and gas company’s stock worth $411,000 after acquiring an additional 5,486 shares during the period. Finally, Norges Bank bought a new stake in shares of NOW during the fourth quarter worth approximately $7,317,000.

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, 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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