DNOW (NYSE:DNOW) Stock Price Target Lowered at Susquehanna

DNOW (NYSE:DNOW) had its price target lowered by Susquehanna from $19.00 to $18.00 in a report released on Friday,Benzinga reports. Susquehanna currently has a positive rating on the oil and gas company’s stock.

Several other analysts have also issued reports on DNOW. DA Davidson boosted their target price on shares of DNOW from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Monday, August 10th. Wall Street Zen raised DNOW from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Freedom Broker lowered DNOW from a “buy” rating to a “hold” rating and set a $18.00 price target for the company. in a report on Thursday, September 10th. Finally, Weiss Ratings raised DNOW from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $18.00.

DNOW Stock Performance

Shares of DNOW traded down $0.44 during mid-day trading on Friday, hitting $13.28. 6,516,171 shares of the company traded hands, compared to its average volume of 2,493,041. The stock has a market cap of $2.40 billion, a price-to-earnings ratio of -11.45 and a beta of 0.95. The stock has a 50-day moving average price of $15.70 and a two-hundred day moving average price of $14.11. DNOW has a 1 year low of $10.94 and a 1 year high of $17.26. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.06 and a current ratio of 2.14.

DNOW (NYSE:DNOW) last issued its earnings results on Thursday, November 5th. The oil and gas company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.03. The company had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.35 billion. DNOW had a negative net margin of 4.58% and a positive return on equity of 3.91%. The firm’s quarterly revenue was up 110.9% on a year-over-year basis. During the same quarter last year, the company posted $0.26 earnings per share. Equities analysts anticipate that DNOW will post 0.34 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. purchased a new stake in DNOW during the second quarter valued at $374,942,000. Engine Capital Management LP bought a new stake in shares of DNOW in the 1st quarter worth about $61,525,000. First Trust Advisors LP increased its holdings in shares of DNOW by 2,335.0% in the 1st quarter. First Trust Advisors LP now owns 4,065,728 shares of the oil and gas company’s stock worth $48,423,000 after buying an additional 3,898,758 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of DNOW during the 2nd quarter valued at about $42,540,000. Finally, ACK Asset Management LLC purchased a new position in DNOW in the second quarter worth about $38,910,000. 97.63% of the stock is owned by hedge funds and other institutional investors.

More DNOW News

Here are the key news stories impacting DNOW this week:

• Positive Sentiment: Adjusted earnings were $0.18 per share, topping the $0.15 consensus estimate. DNOW also reported $120 million in operating cash flow and $76 million in adjusted EBITDA, which the CEO said was nearly double the first-quarter result. DNOW Reports Third Quarter 2026 Results
• Positive Sentiment: The company repurchased $17 million of shares in the quarter and $92 million year to date, supporting shareholder returns. DNOW Reports Third Quarter 2026 Results
• Neutral Sentiment: Susquehanna lowered its price target to $18 from $19 but kept a positive rating, signaling continued optimism alongside a more cautious valuation outlook. Susquehanna analyst ratings
• Negative Sentiment: Revenue of $1.337 billion fell short of the $1.35 billion consensus, while adjusted EPS declined from $0.26 a year earlier to $0.18. The earnings beat may therefore be tempered by weaker year-over-year profitability and missed sales expectations. DNOW misses Q3 2026 sales expectations

DNOW Company Profile

DNOW Inc (NYSE: DNOW) is a global distributor of products and services used in the energy and industrial sectors. The company supplies equipment and materials for upstream, midstream and downstream oil and gas operations, as well as related industrial, utility and infrastructure markets.

Its offerings include pipe, valves, fittings, flanges, and other mechanical products; production and artificial-lift equipment; electrical and instrumentation products; and maintenance, repair and operating supplies.