NOW Inc. (NYSE:DNOW)’s share price hit a new 52-week low during trading on Wednesday . The company traded as low as $10.25 and last traded at $10.41, with a volume of 1138400 shares traded. The stock had previously closed at $10.80.

A number of brokerages have commented on DNOW. Zacks Investment Research upgraded shares of NOW from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. BidaskClub downgraded shares of NOW from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Credit Suisse Group set a $15.00 target price on shares of NOW and gave the stock a “hold” rating in a research note on Friday, August 4th. Stifel Nicolaus set a $18.00 target price on shares of NOW and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. Finally, Cowen and Company set a $14.00 target price on shares of NOW and gave the stock a “hold” rating in a research note on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $16.20.

The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.39 and a current ratio of 2.72.

NOW (NYSE:DNOW) last announced its earnings results on Wednesday, November 1st. The oil and gas company reported ($0.03) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.01. The company had revenue of $697.00 million during the quarter, compared to the consensus estimate of $701.29 million. NOW had a negative net margin of 4.77% and a negative return on equity of 5.17%. NOW’s revenue was up 34.0% compared to the same quarter last year. During the same period last year, the firm earned ($0.34) earnings per share. equities research analysts expect that NOW Inc. will post -0.32 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Amalgamated Bank boosted its stake in NOW by 0.7% in the second quarter. Amalgamated Bank now owns 15,153 shares of the oil and gas company’s stock valued at $244,000 after acquiring an additional 105 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of NOW by 0.7% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,765 shares of the oil and gas company’s stock worth $270,000 after buying an additional 115 shares during the last quarter. Meeder Asset Management Inc. raised its holdings in shares of NOW by 0.6% in the second quarter. Meeder Asset Management Inc. now owns 37,569 shares of the oil and gas company’s stock worth $604,000 after buying an additional 208 shares during the last quarter. Neuberger Berman Group LLC raised its holdings in shares of NOW by 1.4% in the second quarter. Neuberger Berman Group LLC now owns 29,396 shares of the oil and gas company’s stock worth $473,000 after buying an additional 413 shares during the last quarter. Finally, Global Endowment Management LP raised its holdings in shares of NOW by 5.7% in the second quarter. Global Endowment Management LP now owns 11,180 shares of the oil and gas company’s stock worth $180,000 after buying an additional 600 shares during the last quarter. Institutional investors own 96.71% of the company’s stock.

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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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