NOW (NYSE:DNOW) issued its quarterly earnings data on Wednesday. The oil and gas company reported $0.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.02, Briefing.com reports. NOW had a return on equity of 4.13% and a net margin of 2.16%. The company had revenue of $751.00 million for the quarter, compared to the consensus estimate of $764.07 million. During the same quarter last year, the business posted $0.15 earnings per share. The firm’s revenue was down 8.6% compared to the same quarter last year.
DNOW opened at $12.47 on Friday. The stock has a market cap of $1.21 billion, a PE ratio of 34.64 and a beta of 1.38. The company has a quick ratio of 1.28, a current ratio of 2.55 and a debt-to-equity ratio of 0.08. NOW has a 52 week low of $10.00 and a 52 week high of $15.93. The business’s fifty day simple moving average is $11.01 and its 200 day simple moving average is $12.65.
A number of brokerages recently issued reports on DNOW. Capital One Financial upgraded NOW from an “equal weight” rating to an “overweight” rating and set a $16.00 price objective on the stock in a research report on Friday, August 2nd. Stifel Nicolaus lowered their price objective on NOW from $15.00 to $14.00 and set a “hold” rating on the stock in a research report on Monday, July 15th. ValuEngine raised NOW from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Zacks Investment Research raised NOW from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. Finally, Cowen reissued a “market perform” rating and issued a $10.00 target price (down previously from $11.00) on shares of NOW in a research note on Monday, August 5th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $13.25.
NOW Inc distributes energy and industrial products in the United States, Canada, and internationally. It offers consumable maintenance, repair, and operating supplies; and pipes, valves, fittings, flanges, gaskets, fasteners, electrical products, 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 applied products and applications, such as artificial lift systems, coatings, and other expendable items.
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