NOW (DNOW) Receiving Somewhat Positive Press Coverage, Analysis Shows
News headlines about NOW (NYSE:DNOW) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. NOW earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news stories about the oil and gas company an impact score of 45.8709295200371 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news stories that may have effected Accern’s rankings:
- This $8 Supermarket Wine Was Voted One of the Best In the World (Here’s How You Can Now Get It In the U.S.) (inc.com)
- 3 Dividend Stocks You’ll Wish You’d Bought 10 Years From Now (fool.com)
- NOW Inc. (DNOW) Receives Consensus Recommendation of “Hold” from Brokerages (americanbankingnews.com)
- Goodgut®, A Line Of Revolutionary Prebiotic Supplements, Is Now Available At Retailers Nationwide (thestreet.com)
- Send Word Now Co-Founder Launches Crisis Management Platform to Simplify and Centralize Response Team Coordination (bizjournals.com)
A number of equities research analysts have commented on the company. J P Morgan Chase & Co lowered their target price on NOW from $15.00 to $12.00 and set a “neutral” rating on the stock in a report on Tuesday, September 12th. Stifel Nicolaus reiterated a “buy” rating and set a $18.00 target price on shares of NOW in a report on Thursday, September 7th. BidaskClub upgraded NOW from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 6th. Credit Suisse Group set a $15.00 target price on NOW and gave the company a “hold” rating in a report on Friday, August 4th. Finally, Zacks Investment Research upgraded NOW from a “sell” rating to a “hold” rating in a report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $19.10.
NOW (NYSE DNOW) traded down 3.15% during midday trading on Friday, hitting $12.62. The stock had a trading volume of 1,510,392 shares. The firm has a 50 day moving average price of $12.55 and a 200 day moving average price of $15.81. NOW has a one year low of $11.31 and a one year high of $23.53. The stock’s market cap is $1.36 billion.
NOW (NYSE:DNOW) last announced its earnings results on Wednesday, August 2nd. The oil and gas company reported ($0.10) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.10). NOW had a negative net margin of 7.14% and a negative return on equity of 7.83%. The company had revenue of $651.00 million for the quarter, compared to the consensus estimate of $674.97 million. During the same period in the previous year, the business earned ($0.40) EPS. The company’s revenue was up 29.9% on a year-over-year basis. Equities analysts expect that NOW will post ($0.24) EPS for the current year.
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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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