DNOW Inc. (NYSE:DNOW) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of DNOW Inc. (NYSE:DNOW) have been assigned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $18.25.

A number of analysts recently commented on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of DNOW in a research report on Monday, August 24th. DA Davidson raised their target price on shares of DNOW from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Wall Street Zen upgraded shares of DNOW from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Susquehanna increased their price objective on shares of DNOW from $16.00 to $19.00 and gave the company a “positive” rating in a report on Friday, August 7th. Finally, Zacks Research raised shares of DNOW from a “strong sell” rating to a “hold” rating in a research note on Friday, May 22nd.

DNOW Stock Up 0.1%

NYSE:DNOW opened at $15.95 on Monday. The company has a market cap of $2.88 billion, a price-to-earnings ratio of -14.91 and a beta of 0.82. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.06 and a current ratio of 2.14. The stock’s fifty day moving average price is $14.40 and its two-hundred day moving average price is $13.42. DNOW has a 52-week low of $10.94 and a 52-week high of $17.26.

DNOW (NYSE:DNOW) last released its earnings results on Thursday, August 6th. The oil and gas company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.09 by $0.03. DNOW had a positive return on equity of 3.91% and a negative net margin of 4.58%.The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same period last year, the firm earned $0.27 EPS. The business’s revenue for the quarter was up 108.1% on a year-over-year basis. On average, analysts anticipate that DNOW will post 0.34 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Nykredit A S acquired a new position in DNOW in the second quarter valued at about $26,000. Quarry LP boosted its holdings in DNOW by 712.6% during the fourth quarter. Quarry LP now owns 1,942 shares of the oil and gas company’s stock worth $26,000 after buying an additional 1,703 shares during the last quarter. Sunbelt Securities Inc. grew its position in shares of DNOW by 8,060.0% during the 1st quarter. Sunbelt Securities Inc. now owns 2,448 shares of the oil and gas company’s stock worth $29,000 after buying an additional 2,418 shares during the period. Clearstead Advisors LLC grew its position in shares of DNOW by 132.5% during the 4th quarter. Clearstead Advisors LLC now owns 2,427 shares of the oil and gas company’s stock worth $32,000 after buying an additional 1,383 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in shares of 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 valued at $36,000 after acquiring an additional 1,589 shares during the last quarter. 97.63% of the stock is currently owned by institutional investors.

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.