NOW (DNOW) Given Media Impact Score of 0.16
News articles about NOW (NYSE:DNOW) have been trending somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. NOW earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave press coverage about the oil and gas company an impact score of 46.420224968345 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
A number of equities research analysts have weighed in on the stock. BidaskClub downgraded shares of NOW from a “hold” rating to a “sell” rating in a report on Monday, October 23rd. J P Morgan Chase & Co cut their price target on shares of NOW from $15.00 to $12.00 and set a “neutral” rating for the company in a report on Tuesday, September 12th. Zacks Investment Research downgraded shares of NOW from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Cowen cut their price target on shares of NOW from $14.00 to $10.00 and set a “market perform” rating for the company in a report on Thursday, November 2nd. Finally, Robert W. Baird downgraded shares of NOW from an “outperform” rating to a “neutral” rating and cut their price target for the company from $20.00 to $15.00 in a report on Friday, October 13th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company’s stock. NOW currently has a consensus rating of “Hold” and an average price target of $16.20.
Shares of NOW (DNOW) opened at $10.10 on Thursday. The company has a quick ratio of 1.39, a current ratio of 2.72 and a debt-to-equity ratio of 0.14. NOW has a 52 week low of $9.75 and a 52 week high of $23.53.
NOW (NYSE:DNOW) last posted its quarterly earnings data on Wednesday, November 1st. The oil and gas company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.01. NOW had a negative net margin of 4.77% and a negative return on equity of 5.17%. The company had revenue of $697.00 million during the quarter, compared to analyst estimates of $701.29 million. During the same period in the prior year, the firm earned ($0.34) earnings per share. The business’s quarterly revenue was up 34.0% on a year-over-year basis. analysts forecast that NOW will post -0.34 earnings per share for the current fiscal year.
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NOW Company Profile
NOW Inc (NOW) is a global distributor to the oil and gas and industrial markets. The Company operates under the DistributionNOW and Wilson Export brands. Its segments include the United States, Canada and International. As of December 31, 2016, its segments, the United States, Canada and International, had over 200, 55 and 35 locations, respectively.
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