DNOW (NYSE:DNOW) Price Target Raised to $19.00 at Susquehanna

DNOW (NYSE:DNOW) had its price objective boosted by Susquehanna from $16.00 to $19.00 in a report issued on Friday morning,Benzinga reports. Susquehanna currently has a positive rating on the oil and gas company’s stock.

A number of other analysts have also recently weighed in on DNOW. Freedom Capital upgraded DNOW to a “strong-buy” rating in a research report on Monday, June 22nd. DA Davidson initiated coverage on DNOW in a research report on Tuesday, June 16th. They set a “buy” rating and a $17.00 price objective for the company. Wall Street Zen downgraded DNOW from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Zacks Research raised DNOW from a “strong sell” rating to a “hold” rating in a research report on Friday, May 22nd. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of DNOW in a report on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, DNOW has a consensus rating of “Moderate Buy” and an average price target of $17.75.

DNOW Trading Up 7.3%

NYSE DNOW opened at $16.52 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.14 and a current ratio of 2.14. DNOW has a one year low of $10.94 and a one year high of $17.26. The company has a 50-day simple moving average of $13.62 and a 200-day simple moving average of $13.34. The firm has a market capitalization of $3.02 billion, a PE ratio of -15.44 and a beta of 0.82.

DNOW (NYSE:DNOW) last released its quarterly earnings data on Thursday, August 6th. The oil and gas company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.03. DNOW had a negative net margin of 4.58% and a positive return on equity of 3.91%. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the prior year, the business earned $0.27 earnings per share. DNOW’s quarterly revenue was up 108.1% on a year-over-year basis. On average, equities analysts forecast that DNOW will post 0.31 earnings per share for the current year.

Institutional Investors Weigh In On DNOW

Hedge funds and other institutional investors have recently modified their holdings of the stock. Pzena Investment Management LLC bought a new position in DNOW in the 2nd quarter valued at about $37,528,000. BlackRock Inc. bought a new stake in shares of DNOW during the 2nd quarter worth about $374,942,000. Deutsche Bank AG bought a new stake in shares of DNOW during the 2nd quarter worth about $2,985,000. Bank of New York Mellon Corp acquired a new stake in shares of DNOW in the 2nd quarter worth approximately $14,886,000. Finally, State of Wyoming acquired a new stake in shares of DNOW in the 2nd quarter worth approximately $127,000. 97.63% of the stock is currently owned by institutional investors.

Key DNOW News

Here are the key news stories impacting DNOW this week:

• Positive Sentiment: Quarterly results exceeded expectations: Q2 revenue rose 108% year over year to $1.307 billion, ahead of the approximately $1.27 billion consensus estimate. Adjusted EPS was $0.12, beating forecasts ranging from $0.08 to $0.09, although the company reported a GAAP net loss of $21 million, or $0.11 per share. DNOW Beats Q2 Earnings and Revenue Estimates
• Positive Sentiment: Operating momentum improved: Revenue increased 10% sequentially, U.S. revenue grew 13%, and adjusted EBITDA climbed 54% sequentially to $60 million as integration and cost-management efforts advanced. Management also said U.S. midstream revenue exceeded a $1 billion annualized rate for the first time. DNOW Reports Second Quarter 2026 Results
• Positive Sentiment: Cash flow and capital returns strengthened: Operating cash flow reached a record $133 million, while DNOW repurchased $25 million of stock during the quarter and $75 million year to date under its $160 million authorization. Net debt leverage improved to 1.7 times. DNOW Reports Strong Second Quarter Results
• Positive Sentiment: Analyst sentiment improved: Susquehanna raised its price target from $16 to $19 and upgraded DNOW to “positive,” citing the company’s stronger sales and raised 2026 revenue and cash-flow outlook. Benzinga Analyst Update
• Neutral Sentiment: Profitability remains mixed: Reported gross margin was 18.6%, below 20.5% a year earlier, and adjusted EBITDA represented 4.6% of revenue. Investors may continue to monitor whether the higher sales volume translates into sustainable GAAP profitability.
• Negative Sentiment: Legal overhang persists: Rosen Law Firm and Bronstein, Gewirtz & Grossman announced securities class actions alleging investor harm related to DNOW’s 2025 special meeting disclosures. The developments could create litigation costs and reputational risk, although they have not offset the positive earnings reaction. DNOW Securities Class Action

About DNOW

DistributionNOW (NYSE: DNOW) is a global distributor of energy and industrial products, serving a broad range of end-markets including oil and gas, petrochemical, power generation, and industrial manufacturing. Headquartered in Houston, Texas, the company provides solutions across the life cycle of energy and industrial assets, with an emphasis on safety, reliability and operational efficiency.

The company’s core product portfolio includes piping systems and related components (such as valves, fittings, flanges and gaskets), instrumentation, electrical and automation equipment, fasteners, industrial safety supplies, chemicals and composite products.