NOW Inc. (NYSE:DNOW) – Capital One Financial Corporation reduced their Q3 2018 earnings estimates for NOW in a research note issued on Thursday. Capital One Financial Corporation analyst J. Gibney now expects that the oil and gas company will earn $0.01 per share for the quarter, down from their previous forecast of $0.03. Capital One Financial Corporation also issued estimates for NOW’s Q4 2018 earnings at $0.05 EPS.

Other research analysts have also recently issued reports about the company. Stifel Nicolaus restated a “buy” rating and set a $18.00 price target on shares of NOW in a research note on Thursday, September 7th. BidaskClub upgraded NOW from a “hold” rating to a “buy” rating in a research note on Saturday, September 30th. Cowen and Company set a $14.00 price objective on NOW and gave the company a “hold” rating in a research note on Friday, October 6th. Zacks Investment Research upgraded NOW from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Credit Suisse Group set a $15.00 price objective on NOW and gave the company a “hold” rating in a research note on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $16.20.

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NOW (NYSE DNOW) traded up $0.06 during trading hours on Friday, reaching $10.25. The company’s stock had a trading volume of 1,121,339 shares, compared to its average volume of 1,341,527. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.39 and a current ratio of 2.72. NOW has a one year low of $9.86 and a one year high of $23.53.

NOW (NYSE:DNOW) last released its quarterly earnings results on Wednesday, November 1st. The oil and gas company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.01. NOW had a negative return on equity of 5.17% and a negative net margin of 4.77%. The company had revenue of $697.00 million for the quarter, compared to analysts’ expectations of $701.29 million. During the same period in the prior year, the firm earned ($0.34) earnings per share. The firm’s revenue was up 34.0% compared to the same quarter last year.

Large investors have recently bought and sold shares of the stock. Shell Asset Management Co. purchased a new position in NOW in the third quarter valued at $137,000. Bank of Montreal Can increased its holdings in NOW by 130.2% in the second quarter. Bank of Montreal Can now owns 6,966 shares of the oil and gas company’s stock valued at $112,000 after buying an additional 3,940 shares during the last quarter. Riverhead Capital Management LLC increased its holdings in NOW by 70.0% in the second quarter. Riverhead Capital Management LLC now owns 7,990 shares of the oil and gas company’s stock valued at $128,000 after buying an additional 3,290 shares during the last quarter. LS Investment Advisors LLC increased its holdings in NOW by 18.9% in the second quarter. LS Investment Advisors LLC now owns 8,916 shares of the oil and gas company’s stock valued at $143,000 after buying an additional 1,420 shares during the last quarter. Finally, HighTower Advisors LLC purchased a new position in NOW in the second quarter valued at $170,000. 96.71% of the stock is currently owned by hedge funds and other institutional investors.

About NOW

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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