NOW (NYSE:DNOW) posted its quarterly earnings data on Wednesday. The oil and gas company reported $0.08 EPS for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.02, Briefing.com reports. The company had revenue of $751.00 million for the quarter, compared to analyst estimates of $764.07 million. NOW had a return on equity of 4.13% and a net margin of 2.16%. The firm’s quarterly revenue was down 8.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.15 earnings per share.
DNOW traded up $0.22 during trading on Thursday, hitting $12.46. The company’s stock had a trading volume of 1,336,700 shares, compared to its average volume of 785,429. NOW has a twelve month low of $10.00 and a twelve month high of $15.93. The company has a quick ratio of 1.28, a current ratio of 2.55 and a debt-to-equity ratio of 0.08. The stock’s fifty day moving average price is $11.00 and its 200-day moving average price is $12.67. The firm has a market capitalization of $1.25 billion, a P/E ratio of 34.61 and a beta of 1.38.
A number of equities analysts recently commented on the company. Zacks Investment Research raised NOW from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. Capital One Financial raised NOW from an “equal weight” rating to an “overweight” rating and set a $16.00 price objective on the stock in a research note on Friday, August 2nd. Stifel Nicolaus cut their price objective on NOW from $15.00 to $14.00 and set a “hold” rating on the stock in a research note on Monday, July 15th. ValuEngine raised NOW from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Cowen reaffirmed a “market perform” rating and issued a $10.00 price objective (down from $11.00) on shares of NOW in a research note on Monday, August 5th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price 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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