DNOW (NYSE:DNOW) Announces Earnings Results

DNOW (NYSE:DNOWGet Free Report) released its quarterly earnings data on Friday. The oil and gas company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.02), Briefing.com reports. The company had revenue of $563.00 million during the quarter, compared to analysts’ expectations of $569.15 million. DNOW had a return on equity of 10.39% and a net margin of 10.30%. The company’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.25 EPS. DNOW updated its Q2 2024 guidance to EPS.

DNOW Stock Down 10.7 %

Shares of NYSE DNOW opened at $13.28 on Monday. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 6.12 and a beta of 1.48. The company’s 50-day simple moving average is $14.72 and its 200-day simple moving average is $12.18. DNOW has a 52-week low of $8.83 and a 52-week high of $15.57.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. StockNews.com downgraded shares of DNOW from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 28th. Stifel Nicolaus upped their price target on DNOW from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Finally, Susquehanna raised their price objective on DNOW from $13.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, April 8th.

Check Out Our Latest Research Report on DNOW

About DNOW

(Get Free Report)

DNOW Inc distributes downstream energy and industrial products for petroleum refining, chemical processing, LNG terminals, power generation utilities, and customer on-site locations in the United States, Canada, and internationally. The company provides consumable maintenance, repair, and operating supplies; pipes, manual and automated valves, fittings, flanges, gaskets, fasteners, electrical instrumentations, artificial lift, pumping solutions, valve actuation and modular process, and measurement and control equipment; and mill supplies, tools, safety supplies, and personal protective equipment, as well as artificial lift systems, coatings, and miscellaneous expendable items.

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Earnings History for DNOW (NYSE:DNOW)

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