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.
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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