NOW (NYSE:DNOW) released its quarterly earnings data on Wednesday. The oil and gas company reported $0.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.08, Bloomberg Earnings reports. NOW had a negative net margin of 4.77% and a negative return on equity of 5.17%. The business had revenue of $669.00 million for the quarter, compared to analysts’ expectations of $690.62 million. During the same quarter last year, the company earned ($0.29) EPS. The company’s revenue for the quarter was up 24.3% compared to the same quarter last year.
NOW (NYSE DNOW) opened at $9.75 on Wednesday. The stock has a market cap of $1,064.02, a PE ratio of -8.78 and a beta of 0.80. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.72 and a quick ratio of 1.39. NOW has a 12-month low of $9.12 and a 12-month high of $22.71.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Thrivent Financial For Lutherans grew its position in NOW by 8.4% in the 2nd quarter. Thrivent Financial For Lutherans now owns 21,880 shares of the oil and gas company’s stock valued at $352,000 after buying an additional 1,700 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in NOW by 0.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 237,158 shares of the oil and gas company’s stock valued at $3,813,000 after buying an additional 2,050 shares in the last quarter. Shell Asset Management Co. bought a new position in NOW in the 3rd quarter valued at about $137,000. Russell Investments Group Ltd. grew its position in NOW by 1.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 310,562 shares of the oil and gas company’s stock valued at $4,289,000 after buying an additional 4,596 shares in the last quarter. Finally, Hosking Partners LLP grew its position in NOW by 0.6% in the 3rd quarter. Hosking Partners LLP now owns 750,436 shares of the oil and gas company’s stock valued at $10,364,000 after buying an additional 4,626 shares in the last quarter.
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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