NOW Inc (NYSE:DNOW) – Equities research analysts at KeyCorp issued their FY2019 EPS estimates for shares of NOW in a note issued to investors on Sunday. KeyCorp analyst S. Barger forecasts that the oil and gas company will post earnings of $0.56 per share for the year.
NOW (NYSE:DNOW) last announced its quarterly earnings data on Wednesday, February 14th. The oil and gas company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.08. NOW had a negative net margin of 4.77% and a negative return on equity of 5.17%. The company had revenue of $669.00 million during the quarter, compared to the consensus estimate of $690.62 million. During the same quarter last year, the firm posted ($0.29) EPS. The company’s quarterly revenue was up 24.3% on a year-over-year basis.
Other research analysts also recently issued research reports about the stock. ValuEngine downgraded shares of NOW from a “sell” rating to a “strong sell” rating in a research report on Friday, February 2nd. Zacks Investment Research raised shares of NOW from a “sell” rating to a “hold” rating in a research report on Wednesday, November 1st. UBS Group downgraded shares of NOW from a “positive” rating to a “neutral” rating in a report on Thursday, November 2nd. Stifel Nicolaus reaffirmed a “buy” rating and set a $15.00 target price (up previously from $12.50) on shares of NOW in a report on Tuesday, January 16th. Finally, Citigroup downgraded shares of NOW from a “positive” rating to a “neutral” rating and reduced their target price for the stock from $19.00 to $11.00 in a report on Thursday, November 2nd. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $15.90.
Shares of NOW (DNOW) traded down $0.03 on Tuesday, hitting $9.72. 1,958,684 shares of the stock were exchanged, compared to its average volume of 1,545,377. NOW has a 52 week low of $9.12 and a 52 week high of $22.27. The company has a market cap of $1,064.02, a P/E ratio of -8.84 and a beta of 0.80. The company has a current ratio of 2.72, a quick ratio of 1.39 and a debt-to-equity ratio of 0.14.
Several hedge funds have recently made changes to their positions in the stock. Shell Asset Management Co. bought a new stake in NOW in the 3rd quarter valued at about $137,000. ETRADE Capital Management LLC bought a new stake in NOW in the 3rd quarter valued at about $165,000. HighTower Advisors LLC bought a new stake in NOW in the 2nd quarter valued at about $170,000. Boothbay Fund Management LLC bought a new stake in NOW in the 3rd quarter valued at about $176,000. Finally, Cubist Systematic Strategies LLC bought a new stake in NOW in the 3rd quarter valued at about $176,000.
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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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