NOW Inc (NYSE:DNOW) – Equities research analysts at Capital One Financial lowered their FY2019 earnings per share (EPS) estimates for shares of NOW in a research note issued to investors on Thursday, May 2nd, Zacks Investment Research reports. Capital One Financial analyst L. Lemoine now anticipates that the oil and gas company will post earnings of $0.39 per share for the year, down from their previous forecast of $0.41. Capital One Financial also issued estimates for NOW’s FY2020 earnings at $0.63 EPS.
Shares of NYSE:DNOW traded down $0.22 on Monday, hitting $13.52. The company had a trading volume of 987,400 shares, compared to its average volume of 718,078. The company has a quick ratio of 1.30, a current ratio of 2.64 and a debt-to-equity ratio of 0.13. NOW has a 52-week low of $10.36 and a 52-week high of $18.56. The company has a market capitalization of $1.49 billion, a P/E ratio of 37.56 and a beta of 1.40.
Several large investors have recently modified their holdings of the company. JPMorgan Chase & Co. lifted its position in NOW by 91.3% during the third quarter. JPMorgan Chase & Co. now owns 670,933 shares of the oil and gas company’s stock worth $11,103,000 after buying an additional 320,212 shares during the period. Renaissance Technologies LLC lifted its position in NOW by 20.0% during the third quarter. Renaissance Technologies LLC now owns 493,600 shares of the oil and gas company’s stock worth $8,169,000 after buying an additional 82,200 shares during the period. AQR Capital Management LLC purchased a new position in NOW during the third quarter worth about $171,000. Teachers Advisors LLC lifted its position in NOW by 4.7% during the third quarter. Teachers Advisors LLC now owns 210,819 shares of the oil and gas company’s stock worth $3,489,000 after buying an additional 9,530 shares during the period. Finally, Legal & General Group Plc lifted its position in NOW by 3.4% during the third quarter. Legal & General Group Plc now owns 177,594 shares of the oil and gas company’s stock worth $2,939,000 after buying an additional 5,820 shares during the period.
NOW Company Profile
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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