Susquehanna Boosts DNOW (NYSE:DNOW) Price Target to $16.00

DNOW (NYSE:DNOW - Free Report) had its target price hoisted by Susquehanna from $13.00 to $16.00 in a research note published on Monday morning, Benzinga reports. They currently have a neutral rating on the oil and gas company's stock.

Other research analysts have also issued research reports about the company. StockNews.com lowered DNOW from a strong-buy rating to a buy rating in a research report on Wednesday, February 28th. Stifel Nicolaus upped their price objective on DNOW from $16.00 to $18.00 and gave the company a buy rating in a research report on Thursday, March 28th.

DNOW Trading Up 1.8 %

DNOW stock traded up $0.27 during trading on Monday, hitting $15.43. 620,758 shares of the company were exchanged, compared to its average volume of 1,179,378. The business's 50 day moving average is $13.23 and its 200 day moving average is $11.68. DNOW has a 52 week low of $8.83 and a 52 week high of $15.57. The company has a market capitalization of $1.64 billion, a P/E ratio of 6.83 and a beta of 1.48.

DNOW (NYSE:DNOW - Get Free Report) last announced its earnings results on Thursday, February 15th. The oil and gas company reported $0.22 earnings per share for the quarter, topping analysts' consensus estimates of $0.15 by $0.07. The business had revenue of $555.00 million for the quarter, compared to analyst estimates of $540.83 million. DNOW had a return on equity of 11.60% and a net margin of 10.64%. The company's quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.25 EPS. Equities analysts expect that DNOW will post 1.02 EPS for the current year.

Institutional Trading of DNOW

A number of large investors have recently modified their holdings of DNOW. State of Wyoming purchased a new position in DNOW in the fourth quarter valued at about $31,000. Quarry LP increased its stake in DNOW by 63.4% during the 1st quarter. Quarry LP now owns 3,144 shares of the oil and gas company's stock worth $35,000 after buying an additional 1,220 shares during the period. Tower Research Capital LLC TRC increased its stake in DNOW by 535.8% during the 1st quarter. Tower Research Capital LLC TRC now owns 3,726 shares of the oil and gas company's stock worth $41,000 after buying an additional 3,140 shares during the period. Coppell Advisory Solutions Corp. acquired a new position in DNOW during the 4th quarter worth $42,000. Finally, Point72 Hong Kong Ltd acquired a new position in shares of DNOW in the 2nd quarter valued at about $62,000. Hedge funds and other institutional investors own 97.63% of the company's stock.

DNOW Company Profile

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.