Shares of NOW Inc (NYSE:DNOW) have received a consensus rating of “Hold” from the seven ratings firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $15.60.

A number of analysts have recently issued reports on DNOW shares. Zacks Investment Research raised shares of Golub Capital BDC from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Tuesday. Stifel Nicolaus set a $113.00 price objective on shares of Neurocrine Biosciences and gave the stock a “buy” rating in a research note on Monday. Finally, ValuEngine raised shares of Vale from a “sell” rating to a “hold” rating in a research note on Tuesday.

A number of institutional investors and hedge funds have recently bought and sold shares of DNOW. CWM Advisors LLC lifted its stake in NOW by 8.2% during the 2nd quarter. CWM Advisors LLC now owns 12,075 shares of the oil and gas company’s stock valued at $178,000 after acquiring an additional 915 shares during the period. Marathon Asset Management LLP lifted its stake in NOW by 34.2% during the 2nd quarter. Marathon Asset Management LLP now owns 1,133,661 shares of the oil and gas company’s stock valued at $16,732,000 after acquiring an additional 289,033 shares during the period. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV lifted its stake in shares of NOW by 14.4% in the 2nd quarter. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV now owns 199,000 shares of the oil and gas company’s stock valued at $2,937,000 after purchasing an additional 25,000 shares during the period. Investors Research Corp lifted its stake in shares of NOW by 61.6% in the 2nd quarter. Investors Research Corp now owns 2,362 shares of the oil and gas company’s stock valued at $35,000 after purchasing an additional 900 shares during the period. Finally, First Trust Advisors LP acquired a new position in shares of NOW in the 1st quarter valued at $913,000.

DNOW traded down $0.16 during trading on Friday, hitting $12.17. The company’s stock had a trading volume of 6,219 shares, compared to its average volume of 703,961. The stock has a 50 day moving average price of $13.81. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.30 and a current ratio of 2.64. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 33.97 and a beta of 1.45. NOW has a one year low of $10.36 and a one year high of $18.56.

NOW (NYSE:DNOW) last announced its quarterly earnings data on Thursday, May 2nd. The oil and gas company reported $0.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.03. The firm had revenue of $785.00 million during the quarter, compared to analysts’ expectations of $772.54 million. NOW had a net margin of 2.16% and a return on equity of 4.19%. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.01 earnings per share. Analysts expect that NOW will post 0.43 earnings per share for the current fiscal year.

About NOW

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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Analyst Recommendations for NOW (NYSE:DNOW)

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