Somewhat Positive Press Coverage Somewhat Unlikely to Impact NOW (DNOW) Stock Price
News coverage about NOW (NYSE:DNOW) has been trending somewhat positive this week, Accern reports. The research firm identifies negative and positive press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. NOW earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned news articles about the oil and gas company an impact score of 45.8032084553282 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media stories that may have impacted Accern Sentiment’s analysis:
- Taylor Swift Is Now Launching Her Own Social Network (You Made Her Do It) (inc.com)
- NOW Inc. (DNOW) Stock Rating Lowered by Robert W. Baird (americanbankingnews.com)
- Zacks: Brokerages Anticipate NOW Inc. (DNOW) Will Post Quarterly Sales of $701.46 Million (americanbankingnews.com)
- Littelfuse Gains Are Justified, But Valuation Appears Full Now (msn.com)
- RSI Alert: Vera Bradley Now Oversold (thestreet.com)
Several equities research analysts have recently issued reports on DNOW shares. Seaport Global Securities lowered shares of NOW from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $22.00 to $17.00 in a research report on Wednesday, June 21st. Stifel Nicolaus reissued a “buy” rating on shares of NOW in a research report on Friday, July 14th. Zacks Investment Research lowered shares of NOW from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. BidaskClub lowered shares of NOW from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Finally, Credit Suisse Group set a $15.00 price objective on shares of NOW and gave the stock a “hold” rating in a research report on Friday, August 4th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $17.78.
Shares of NOW (NYSE DNOW) traded up 1.53% on Tuesday, hitting $13.26. 1,091,478 shares of the stock traded hands. The stock has a 50-day moving average price of $12.85 and a 200 day moving average price of $15.22. The stock’s market cap is $1.43 billion. NOW has a 12-month low of $11.31 and a 12-month high of $23.53.
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, hitting the Zacks’ consensus estimate of ($0.10). NOW had a negative net margin of 7.14% and a negative return on equity of 7.83%. The business had revenue of $651.00 million for the quarter, compared to analyst estimates of $674.97 million. During the same quarter in the previous year, the firm posted ($0.40) earnings per share. NOW’s revenue was up 29.9% compared to the same quarter last year. On average, analysts anticipate that NOW will post ($0.26) earnings per share for the current fiscal year.
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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