NOW (NYSE: DNOW) recently received a number of ratings updates from brokerages and research firms:

  • 8/4/2017 – NOW was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 8/4/2017 – NOW was given a new $15.00 price target on by analysts at Credit Suisse Group. They now have a “hold” rating on the stock.
  • 8/2/2017 – NOW was given a new $18.00 price target on by analysts at Stifel Nicolaus. They now have a “buy” rating on the stock.
  • 7/31/2017 – NOW was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “NOW Inc. is a distributor to the energy and industrial sectors. It stocks and sells a comprehensive offering of products for the upstream, midstream, and downstream & industrial market segments. The Company offers stock keeping units, including pipe, valves and valve automation, fittings, instrumentation, mill and industrial supplies, tools, safety supplies, electrical products, drilling and production equipment, fabricated equipment, and industrial paints and coatings. NOW also provides supply chain management solutions to energy and industrial manufacturing companies around the world. It operates primarily under the DistributionNOW and Wilson Export brands. NOW Inc. is headquartered in Houston, Texas. “
  • 7/25/2017 – NOW was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/17/2017 – NOW was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “NOW Inc. is a distributor to the energy and industrial sectors. It stocks and sells a comprehensive offering of products for the upstream, midstream, and downstream & industrial market segments. The Company offers stock keeping units, including pipe, valves and valve automation, fittings, instrumentation, mill and industrial supplies, tools, safety supplies, electrical products, drilling and production equipment, fabricated equipment, and industrial paints and coatings. NOW also provides supply chain management solutions to energy and industrial manufacturing companies around the world. It operates primarily under the DistributionNOW and Wilson Export brands. NOW Inc. is headquartered in Houston, Texas. “
  • 7/14/2017 – NOW had its “buy” rating reaffirmed by analysts at Stifel Nicolaus.
  • 6/21/2017 – NOW was downgraded by analysts at Seaport Global Securities from a “buy” rating to a “neutral” rating. They now have a $17.00 price target on the stock, down previously from $22.00.

NOW Inc. (DNOW) opened at 13.49 on Monday. The stock’s market cap is $1.45 billion. The company has a 50-day moving average price of $16.10 and a 200-day moving average price of $17.82. NOW Inc. has a 52 week low of $12.81 and a 52 week high of $23.53.

NOW (NYSE:DNOW) last announced its earnings results on Wednesday, August 2nd. The oil and gas company reported ($0.10) earnings per share for the quarter, hitting the consensus estimate of ($0.10). NOW had a negative net margin of 7.14% and a negative return on equity of 7.83%. The business had revenue of $651 million during the quarter, compared to the consensus estimate of $674.97 million. During the same quarter in the prior year, the firm earned ($0.40) earnings per share. The business’s quarterly revenue was up 29.9% compared to the same quarter last year. Equities research analysts anticipate that NOW Inc. will post ($0.27) EPS for the current year.

In other NOW news, Director James Crandell bought 5,000 shares of the firm’s stock in a transaction dated Thursday, May 25th. The stock was acquired at an average price of $17.53 per share, for a total transaction of $87,650.00. Following the completion of the purchase, the director now owns 22,562 shares of the company’s stock, valued at $395,511.86. The acquisition was disclosed in a filing with the SEC, which is available through this link. 3.30% of the stock is currently owned by corporate insiders.

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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