NYSE:DNOW

DNOW (DNOW) Stock Price, News & Analysis

$13.62
-0.38 (-2.71%)
(As of 05/17/2024 ET)
Today's Range
$13.56
$14.08
50-Day Range
$13.30
$15.43
52-Week Range
$8.83
$15.57
Volume
736,746 shs
Average Volume
738,797 shs
Market Capitalization
$1.45 billion
P/E Ratio
6.28
Dividend Yield
N/A
Price Target
$16.50

DNOW MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
21.1% Upside
$16.50 Price Target
Short Interest
Healthy
3.01% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.26mentions of DNOW in the last 14 days
Based on 9 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
3.77%
From $1.06 to $1.10 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.31 out of 5 stars

Industrial Products Sector

125th out of 167 stocks

Oil & Gas Field Machinery Industry

11th out of 13 stocks

DNOW stock logo

About DNOW Stock (NYSE:DNOW)

DNOW Inc. distributes downstream energy and industrial products for petroleum refining, chemical processing, LNG terminals, power generation utilities, and customer on-site locations in the United States, Canada, and internationally. The company provides consumable maintenance, repair, and operating supplies; pipes, manual and automated valves, fittings, flanges, gaskets, fasteners, electrical instrumentations, artificial lift, pumping solutions, valve actuation and modular process, and measurement and control equipment; and mill supplies, tools, safety supplies, and personal protective equipment, as well as artificial lift systems, coatings, and miscellaneous expendable items. It also offers original equipment manufacturer equipment, including pumps, generator sets, air compressors, dryers, blowers, mixers, and valves; modular oil and gas tank battery solutions; and application systems, work processes, parts integration, optimization solutions, and after-sales support services. In addition, the company provides supply chain and materials management; inventory planning and management, procurement, and warehouse management, as well as solutions for logistics, point of issue technology, project management, business process, and performance metrics reporting services. It serves customers in the upstream, midstream, and downstream sectors of the energy industry, including drilling contractors, well-servicing companies, independent and national oil and gas companies, midstream operators, and refineries, as well as petrochemical, chemical, utilities, RNG facilities, and other downstream energy processors; and industrial and manufacturing companies. The company was formerly known as NOW Inc. and changed its name to DNOW Inc. in January 2024. DNOW Inc. was founded in 1862 and is headquartered in Houston, Texas.

DNOW Stock Price History

DNOW Stock News Headlines

DNOW (NYSE:DNOW) Announces Earnings Results
DNOW (NYSE:DNOW) Shares Gap Down Following Weak Earnings
DNOW: Q1 Earnings Snapshot
DNOW Inc. Q1 Profit Decreases, Misses Estimates
DNOW Stock Earnings: NOW Misses EPS, Misses Revenue for Q1 2024
DNOW Reports First Quarter 2024 Results
DNOW Reports First Quarter 2024 Results
NOW Q1 2024 Earnings Preview
3 Hot Energy Stocks Gaining Altitude in April
Key Takeaways From Dnow Analyst Ratings
Dnow Inc
DNOW Aug 2024 17.500 call
DNOW Apr 2024 17.500 call
DNOW Apr 2024 12.500 put
DNOW Aug 2024 7.500 call
See More Headlines
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Company Calendar

Last Earnings
5/10/2024
Today
5/18/2024
Next Earnings (Estimated)
8/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Oil & gas field machinery
Sub-Industry
N/A
Fax
N/A
Employees
2,475
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$16.50
High Stock Price Target
$18.00
Low Stock Price Target
$15.00
Potential Upside/Downside
+21.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$247 million
Pretax Margin
5.74%

Debt

Sales & Book Value

Annual Sales
$2.32 billion
Cash Flow
$1.22 per share
Book Value
$10.10 per share

Miscellaneous

Free Float
104,026,000
Market Cap
$1.45 billion
Optionable
Optionable
Beta
1.48
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Key Executives


DNOW Stock Analysis - Frequently Asked Questions

Should I buy or sell DNOW stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for DNOW in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" DNOW shares.
View DNOW analyst ratings
or view top-rated stocks.

What is DNOW's stock price target for 2024?

2 brokerages have issued 12 month target prices for DNOW's shares. Their DNOW share price targets range from $15.00 to $18.00. On average, they predict the company's stock price to reach $16.50 in the next year. This suggests a possible upside of 21.1% from the stock's current price.
View analysts price targets for DNOW
or view top-rated stocks among Wall Street analysts.

How have DNOW shares performed in 2024?

DNOW's stock was trading at $11.32 at the beginning of 2024. Since then, DNOW stock has increased by 20.3% and is now trading at $13.62.
View the best growth stocks for 2024 here
.

Are investors shorting DNOW?

DNOW saw a increase in short interest in the month of April. As of April 15th, there was short interest totaling 3,350,000 shares, an increase of 12.0% from the March 31st total of 2,990,000 shares. Based on an average trading volume of 1,190,000 shares, the short-interest ratio is presently 2.8 days. Approximately 3.2% of the shares of the stock are short sold.
View DNOW's Short Interest
.

When is DNOW's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 7th 2024.
View our DNOW earnings forecast
.

How were DNOW's earnings last quarter?

DNOW Inc. (NYSE:DNOW) announced its earnings results on Friday, May, 10th. The oil and gas company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.23 by $0.02. The oil and gas company had revenue of $563 million for the quarter, compared to analyst estimates of $569.15 million. DNOW had a trailing twelve-month return on equity of 10.39% and a net margin of 10.30%. The company's revenue for the quarter was down 3.6% on a year-over-year basis. During the same period last year, the business earned $0.25 earnings per share.

What ETFs hold DNOW's stock?

ETFs with the largest weight of DNOW (NYSE:DNOW) stock in their portfolio include Invesco S&P SmallCap Value with Momentum ETF (XSVM).First Trust Small Cap Value AlphaDEX Fund (FYT).

What guidance has DNOW issued on next quarter's earnings?

DNOW updated its second quarter 2024 earnings guidance on Friday, May, 10th. The company provided EPS guidance of for the period. The company issued revenue guidance of $619.3 million-$647.5 million, compared to the consensus revenue estimate of $592.8 million.

What is Robert Workman's approval rating as DNOW's CEO?

46 employees have rated DNOW Chief Executive Officer Robert Workman on Glassdoor.com. Robert Workman has an approval rating of 38% among the company's employees. This puts Robert Workman in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of DNOW own?

Based on aggregate information from My MarketBeat watchlists, some companies that other DNOW investors own include NVIDIA (NVDA), PayPal (PYPL), Advanced Micro Devices (AMD), Walt Disney (DIS), Netflix (NFLX), AbbVie (ABBV), Tesla (TSLA), Intel (INTC), Salesforce (CRM) and Cisco Systems (CSCO).

Who are DNOW's major shareholders?

DNOW's stock is owned by a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (11.08%), Jacobs Levy Equity Management Inc. (1.20%), Mirae Asset Global Investments Co. Ltd. (0.92%), Heartland Advisors Inc. (0.62%), Principal Financial Group Inc. (0.51%) and Nordea Investment Management AB (0.37%).
View institutional ownership trends
.

How do I buy shares of DNOW?

Shares of DNOW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:DNOW) was last updated on 5/19/2024 by MarketBeat.com Staff

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