NOW Inc. (NYSE:DNOW) received a $14.00 target price from equities researchers at Cowen and Company in a research note issued on Friday. The brokerage presently has a “hold” rating on the oil and gas company’s stock. Cowen and Company’s target price suggests a potential upside of 5.03% from the stock’s previous close.

Several other brokerages have also issued reports on DNOW. Stifel Nicolaus set a $18.00 price objective on NOW and gave the stock a “buy” rating in a report on Wednesday, August 2nd. Seaport Global Securities lowered NOW from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $22.00 to $17.00 in a report on Wednesday, June 21st. Zacks Investment Research raised NOW from a “sell” rating to a “hold” rating in a report on Monday, July 31st. BidaskClub lowered NOW from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Finally, Credit Suisse Group AG set a $15.00 price objective on NOW and gave the stock a “hold” rating in a report on Friday, August 4th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $18.56.

Shares of NOW (DNOW) traded down 2.06% on Friday, reaching $13.33. The company had a trading volume of 1,294,356 shares. The firm’s market capitalization is $1.44 billion. NOW has a 12 month low of $11.31 and a 12 month high of $23.53. The firm’s 50 day moving average is $12.54 and its 200 day moving average is $15.35.

NOW (NYSE:DNOW) last issued its quarterly earnings data on Wednesday, August 2nd. The oil and gas company reported ($0.10) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.10). The company had revenue of $651.00 million for the quarter, compared to analyst estimates of $674.97 million. NOW had a negative return on equity of 7.83% and a negative net margin of 7.14%. The business’s quarterly revenue was up 29.9% compared to the same quarter last year. During the same quarter last year, the company posted ($0.40) earnings per share. On average, equities research analysts expect that NOW will post ($0.25) earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Amalgamated Bank grew its holdings in shares of NOW by 0.7% during the second quarter. Amalgamated Bank now owns 15,153 shares of the oil and gas company’s stock worth $244,000 after buying an additional 105 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of NOW by 0.7% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,765 shares of the oil and gas company’s stock worth $270,000 after buying an additional 115 shares during the last quarter. Meeder Asset Management Inc. grew its holdings in shares of NOW by 0.6% during the second quarter. Meeder Asset Management Inc. now owns 37,569 shares of the oil and gas company’s stock worth $604,000 after buying an additional 208 shares during the last quarter. Advantus Capital Management Inc grew its holdings in shares of NOW by 3.0% during the first quarter. Advantus Capital Management Inc now owns 13,760 shares of the oil and gas company’s stock worth $233,000 after buying an additional 403 shares during the last quarter. Finally, Neuberger Berman Group LLC grew its holdings in shares of NOW by 1.4% during the second quarter. Neuberger Berman Group LLC now owns 29,396 shares of the oil and gas company’s stock worth $473,000 after buying an additional 413 shares during the last quarter. 99.97% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for NOW (NYSE:DNOW)

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