DNOW Inc. (NYSE:DNOW) Given Average Rating of “Hold” by Analysts

Shares of DNOW Inc. (NYSE:DNOW) have been given a consensus recommendation of “Hold” by the five analysts that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $17.00.

Several brokerages recently commented on DNOW. DA Davidson began coverage on shares of DNOW in a report on Tuesday, June 16th. They issued a “buy” rating and a $17.00 target price on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of DNOW in a research report on Wednesday, May 27th. Zacks Research upgraded shares of DNOW from a “strong sell” rating to a “hold” rating in a research report on Friday, May 22nd. Wall Street Zen lowered shares of DNOW from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Finally, Stifel Nicolaus decreased their price target on shares of DNOW from $18.00 to $16.00 and set a “buy” rating on the stock in a research report on Monday, February 23rd.

DNOW Stock Performance

Shares of DNOW opened at $13.74 on Tuesday. The company has a market capitalization of $2.51 billion, a PE ratio of -18.82 and a beta of 0.82. DNOW has a one year low of $10.94 and a one year high of $17.26. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.42 and a quick ratio of 1.14. The company’s fifty day moving average price is $13.05 and its 200 day moving average price is $13.36.

DNOW (NYSE:DNOW) last announced its earnings results on Thursday, May 7th. The oil and gas company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.04). The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.08 billion. DNOW had a positive return on equity of 4.94% and a negative net margin of 4.14%.The business’s revenue was up 97.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.22 EPS. As a group, analysts expect that DNOW will post 0.31 earnings per share for the current year.

Institutional Trading of DNOW

Several hedge funds and other institutional investors have recently bought and sold shares of DNOW. Blue Trust Inc. acquired a new stake in DNOW in the 4th quarter worth $25,000. Quarry LP grew its position in DNOW by 712.6% in the 4th quarter. Quarry LP now owns 1,942 shares of the oil and gas company’s stock worth $26,000 after purchasing an additional 1,703 shares during the last quarter. Sunbelt Securities Inc. grew its position in DNOW by 8,060.0% in the 1st quarter. Sunbelt Securities Inc. now owns 2,448 shares of the oil and gas company’s stock worth $29,000 after purchasing an additional 2,418 shares during the last quarter. Clearstead Advisors LLC grew its position in DNOW by 132.5% in the 4th quarter. Clearstead Advisors LLC now owns 2,427 shares of the oil and gas company’s stock worth $32,000 after purchasing an additional 1,383 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in DNOW by 190.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,423 shares of the oil and gas company’s stock worth $36,000 after purchasing an additional 1,589 shares during the last quarter. 97.63% of the stock is currently owned by institutional investors and hedge funds.

DNOW Company Profile

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.