DNOW (NYSE:DNOW) Price Target Raised to $19.00 at Susquehanna

Key Points

• Susquehanna raised DNOW’s price target to $19 from $16 while maintaining a “positive” rating, implying 22.23% upside from the prior close. The analyst consensus is “Moderate Buy,” with an average target of $17.75.
• DNOW shares rose 9.3% and opened at $15.54, near the upper end of their 52-week range. The company reported quarterly EPS of $0.12 and revenue of $1.31 billion, beating estimates of $0.09 and $1.27 billion, respectively.
• Institutional ownership remains high at 97.63%. Several funds initiated positions or increased holdings, including Bank of America, which raised its stake by 82.5%.

DNOW (NYSE:DNOW - Get Free Report) had its price objective upped by Susquehanna from $16.00 to $19.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a "positive" rating on the oil and gas company's stock. Susquehanna's price objective indicates a potential upside of 22.23% from the company's previous close.

DNOW has been the subject of a number of other research reports. Freedom Capital raised shares of DNOW to a "strong-buy" rating in a research note on Monday, June 22nd. Zacks Research upgraded shares of DNOW from a "strong sell" rating to a "hold" rating in a report on Friday, May 22nd. Wall Street Zen downgraded DNOW from a "hold" rating to a "sell" rating in a report on Saturday, May 9th. DA Davidson started coverage on DNOW in a research report on Tuesday, June 16th. They issued a "buy" rating and a $17.00 target price on the stock. Finally, Weiss Ratings restated a "sell (d+)" rating on shares of DNOW in a research note on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $17.75.

DNOW Trading Up 9.3%

Shares of DNOW opened at $15.54 on Friday. The stock has a fifty day moving average of $13.55 and a two-hundred day moving average of $13.32. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.14 and a current ratio of 2.42. The company has a market capitalization of $2.84 billion, a PE ratio of -21.29 and a beta of 0.82. DNOW has a fifty-two week low of $10.94 and a fifty-two week high of $17.26.

DNOW (NYSE:DNOW - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The oil and gas company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.03. The business had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.27 billion. DNOW had a positive return on equity of 4.94% and a negative net margin of 4.14%.The business's revenue was up 108.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.27 earnings per share. As a group, analysts forecast that DNOW will post 0.31 EPS for the current year.

Institutional Trading of DNOW

A number of hedge funds have recently made changes to their positions in DNOW. Bank of New York Mellon Corp purchased a new position in shares of DNOW in the second quarter valued at $14,886,000. State of Wyoming purchased a new stake in DNOW during the 2nd quarter worth $127,000. GSA Capital Partners LLP acquired a new position in DNOW in the 2nd quarter worth $2,102,000. Summit Global Investments purchased a new position in DNOW in the 2nd quarter valued at about $220,000. Finally, Bank of America Corp DE increased its position in shares of DNOW by 82.5% during the first quarter. Bank of America Corp DE now owns 1,415,723 shares of the oil and gas company's stock worth $16,861,000 after acquiring an additional 639,774 shares during the last quarter. Hedge funds and other institutional investors own 97.63% of the company's stock.

Trending Headlines about DNOW

Here are the key news stories impacting DNOW this week:

• Positive Sentiment: Earnings and revenue beat estimates: DNOW reported adjusted EPS of $0.12, ahead of the roughly $0.08–$0.09 consensus, while revenue of $1.307 billion exceeded estimates near $1.27 billion. Revenue rose 10% sequentially and 108.1% year over year, reflecting strong demand and the impact of business integration. DNOW Beats Q2 Earnings and Revenue Estimates
• Positive Sentiment: Cash flow and operating performance improved: Operating cash flow reached a record $133 million, adjusted EBITDA increased 54% sequentially to $60 million, and net-debt leverage improved to 1.7 times. U.S. revenue grew 13% sequentially, with annualized U.S. midstream revenue surpassing $1 billion for the first time. DNOW Reports Second Quarter 2026 Results
• Positive Sentiment: Share repurchases supported sentiment: DNOW repurchased $25 million of stock during the quarter and $75 million year to date under its $160 million authorization, signaling management confidence and potentially supporting per-share value. DNOW Reports Strong Second Quarter 2026 Results
• Neutral Sentiment: Underlying profitability remains mixed: Despite the adjusted profit, DNOW posted a GAAP net loss of $21 million, or $0.11 per diluted share. Gross margin declined to 18.6% from 20.5% a year earlier, while adjusted EPS fell from $0.27.
• Negative Sentiment: Securities lawsuits add uncertainty: Rosen Law Firm and Bronstein, Gewirtz & Grossman announced class actions alleging violations of federal securities laws related to DNOW’s 2025 special-meeting disclosures. Investors seeking lead-plaintiff status face an October 2, 2026 deadline. The litigation could create legal costs, reputational damage and potential financial liability. Rosen Securities Class Action Announcement

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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