Should I buy or sell NOW stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for NOW in the last year. 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 NOW's stock price target for 2024?

2 brokerages have issued 12-month price targets for NOW's stock. Their DNOW share price targets range from $11.00 to $14.00. On average, they predict the company's stock price to reach $12.50 in the next twelve months. This suggests a possible upside of 18.4% 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 2023?

NOW's stock was trading at $12.70 at the beginning of 2023. Since then, DNOW stock has decreased by 16.9% and is now trading at $10.56. View the best growth stocks for 2023 here .

When is NOW's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 15th 2024. View our DNOW earnings forecast .

How were NOW's earnings last quarter?

NOW Inc. (NYSE:DNOW) posted its quarterly earnings results on Thursday, November, 2nd. The oil and gas company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. The oil and gas company had revenue of $588 million for the quarter, compared to analyst estimates of $602.30 million. NOW had a trailing twelve-month return on equity of 12.90% and a net margin of 5.71%.

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

46 employees have rated NOW 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 NOW own?

Based on aggregate information from My MarketBeat watchlists, some companies that other NOW 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 NOW's major shareholders?

NOW's stock is owned by a number of institutional and retail investors. Top institutional shareholders include American Century Companies Inc. (4.03%), JPMorgan Chase & Co. (2.31%), Charles Schwab Investment Management Inc. (1.82%), Global Alpha Capital Management Ltd. (1.69%), Boston Partners (1.44%) and Jacobs Levy Equity Management Inc. (1.22%). View institutional ownership trends .

How do I buy shares of NOW?

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

NOW Stock Price, News & Analysis (NYSE:DNOW)

$10.56

+0.37 (+3.63%)

(As of 12/4/2023 ET)

Compare

Today's Range: $10.06
▼
$10.60
50-Day Range: $9.82
▼
$12.30
52-Week Range: $8.83
▼
$14.86

Volume: 907,638 shs
Average Volume: 693,459 shs
Market Capitalization: $1.12 billion

P/E Ratio: 8.87
Dividend Yield: N/A
Price Target: $12.50

NOW MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 18.4% Upside
$12.50 Price Target
Short Interest: Healthy
1.08% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.00
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: -2.08%
From $0.96 to $0.94 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.85 out of 5 stars

Oils/Energy Sector

172nd out of 225 stocks

Oil & Gas Field Machinery Industry

11th out of 12 stocks

2.3

Analyst's Opinion

Consensus Rating
NOW has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $12.50, NOW has a forecasted upside of 18.4% from its current price of $10.56.
Amount of Analyst Coverage
NOW has only been the subject of 2 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
1.08% of the float of NOW has been sold short.
Short Interest Ratio / Days to Cover
NOW has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in NOW has recently increased by 4.63%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
NOW does not currently pay a dividend.
Dividend Growth
NOW does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for DNOW.

2.8

News and Social Media Coverage

News Sentiment
NOW has a news sentiment score of 1.00. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.49 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for NOW this week, compared to 2 articles on an average week.
Search Interest
3 people have searched for DNOW on MarketBeat in the last 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, NOW insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 2.20% of the stock of NOW is held by insiders.
Percentage Held by Institutions
95.50% of the stock of NOW is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for NOW are expected to decrease by -2.08% in the coming year, from $0.96 to $0.94 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of NOW is 8.87, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.47.
Price to Earnings Ratio vs. Sector
The P/E ratio of NOW is 8.87, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 17.03.
Price to Book Value per Share Ratio
NOW has a P/B Ratio of 1.38. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About NOW Stock (NYSE:DNOW)

NOW Inc. distributes downstream energy and industrial products for petroleum refining, chemical processing, LNG terminals, power generation utilities, and industrial manufacturing operations in the United States, Canada, and internationally. It offers its products under the DistributionNOW and DNOW brand names. The company provides consumable maintenance, repair, and operating supplies; pipes, valves, fittings, flanges, gaskets, fasteners, electrical products, 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 applied products and applications, such as artificial lift systems, coatings, and miscellaneous expendable items. It also offers original equipment manufacturer equipment, including pumps, generator sets, air and gas 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 solutions that include procurement, inventory planning and management, 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 through a network of approximately 170 locations 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, and other downstream energy processors; and industrial and manufacturing companies. The company was founded in 1862 and is headquartered in Houston, Texas.

DNOW Stock Price History

30 days | 90 days | 365 days | Advanced Chart

DNOW Stock News Headlines

November 30, 2023 | stocknews.com

Marathon Oil (MRO) vs. NOW (DNOW) - Evaluating Energy Stocks for Q4 Potential

November 30, 2023 | benzinga.com

NOW Stock (NYSE:DNOW) Dividends: History, Yield and Dates

December 4, 2023 | Wealthpress (Ad)

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November 10, 2023 | investorplace.com

Here’s Why Exxon Mobil Is The Energy Stock to Own NOW

November 8, 2023 | seekingalpha.com

NOW Inc.: Steady Drivers But Lacks A Punch In The Short Term

November 3, 2023 | finance.yahoo.com

NOW Inc. (NYSE:DNOW) Q3 2023 Earnings Call Transcript

November 3, 2023 | finance.yahoo.com

Q3 2023 NOW Inc Earnings Call

November 2, 2023 | finance.yahoo.com

NOW Inc (DNOW) Reports Resilient Q3 2023 Earnings, Best Year-to-Date Since Going Public

December 4, 2023 | DTI Trader (Ad)

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November 2, 2023 | seekingalpha.com

NOW Inc. 2023 Q3 - Results - Earnings Call Presentation

November 2, 2023 | washingtonpost.com

Now: Q3 Earnings Snapshot

October 16, 2023 | benzinga.com

NOW Inc. Announces Third Quarter 2023 Earnings Conference Call

October 11, 2023 | stocknews.com

3 Energy Stocks With Bullish Signals This Week

October 6, 2023 | forbes.com

Today’s Wordle #839 Hints, Clues And Answer For Friday, October 6th

October 5, 2023 | investorplace.com

7 Metaverse Stocks to Move to Your Portfolio Trash Bin NOW

October 4, 2023 | msn.com

Susquehanna Maintains NOW (DNOW) Neutral Recommendation

September 15, 2023 | stocknews.com

3 Energy Stocks Under $15 to Buy NOW

August 29, 2023 | investorplace.com

Why You Must Own This Flying Car Stock NOW

August 7, 2023 | msn.com

NOW Inc.: Project Additions Offset The Industry Slackness (Rating Downgrade)

August 4, 2023 | insidermonkey.com

NOW Inc. (NYSE:DNOW) Q2 2023 Earnings Call Transcript

August 2, 2023 | finanznachrichten.de

NOW Inc. Reports Second Quarter 2023 Results

August 2, 2023 | msn.com

Now (DNOW) Misses Q2 Earnings Estimates

July 28, 2023 | finance.yahoo.com

Is the Options Market Predicting a Spike in NOW (DNOW) Stock?

July 26, 2023 | finance.yahoo.com

Now (DNOW) Reports Next Week: Wall Street Expects Earnings Growth

July 14, 2023 | finance.yahoo.com

NOW Inc. Announces Second Quarter 2023 Earnings Conference Call

June 6, 2023 | msn.com

Why OPEC's Latest Move Failed to Give Oil Prices a Major Boost?

June 5, 2023 | msn.com

Can Now (DNOW) Climb 44.13% to Reach the Level Wall Street Analysts Expect?

See More Headlines

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Company Calendar

Last Earnings: 11/02/2023
Today: 12/04/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 2/15/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Oil & gas field machinery
Sub-Industry: N/A
Sector: Oils/Energy
Current Symbol: NYSE:DNOW
CUSIP: N/A
CIK: 1599617
Web: www.distributionnow.com
Phone: (281) 823-4006
Fax: N/A
Employees: 2,525
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $12.50
High Stock Price Target: $14.00
Low Stock Price Target: $11.00
Potential Upside/Downside: +18.4%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.19
Trailing P/E Ratio: 8.87
Forward P/E Ratio: 11.00
P/E Growth: N/A
Net Income: $128 million
Net Margins: 5.71%
Pretax Margin: 6.10%
Return on Equity: 12.90%
Return on Assets: 8.23%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 2.44
Quick Ratio: 1.46

Sales & Book Value

Annual Sales: $2.31 billion
Price / Sales: 0.49
Cash Flow: $1.18 per share
Price / Cash Flow: 8.93
Book Value: $7.64 per share
Price / Book: 1.38

Miscellaneous

Outstanding Shares: 106,331,000
Free Float: 103,992,000
Market Cap: $1.12 billion
Optionable: Optionable
Beta: 1.41

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Key Executives

Mr. David A. Cherechinsky (Age 59)
CEO, President & Director
Comp: $2.23M
Mr. Mark B. Johnson (Age 41)
Senior VP & CFO
Comp: $1.1M
Ms. Kelly T. Munson (Age 38)
Chief Administrative & Information Officer
Comp: $772.05k
Mr. Raymond W. Chang (Age 52)
VP, General Counsel & Secretary
Comp: $1.08M
Ms. Rocio Surratt (Age 47)
VP of Finance & Corporate Controller
Comp: $492.33k
Mr. Brad Wise
Vice President of Digital Strategy & Investor Relations
Mr. Scott W. Hauck
Executive Vice President of Digital Strategy
Mr. Dan Pratt
Senior Vice President of Energy Centers
Mr. Toby Eoff
President of Process Solutions

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

DNOW Stock Analysis - Frequently Asked Questions

Should I buy or sell NOW stock right now?: 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for NOW in the last year. 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 NOW's stock price target for 2024?: 2 brokerages have issued 12-month price targets for NOW's stock. Their DNOW share price targets range from $11.00 to $14.00. On average, they predict the company's stock price to reach $12.50 in the next twelve months. This suggests a possible upside of 18.4% 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 2023?: NOW's stock was trading at $12.70 at the beginning of 2023. Since then, DNOW stock has decreased by 16.9% and is now trading at $10.56.
View the best growth stocks for 2023 here.
When is NOW's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, February 15th 2024.
View our DNOW earnings forecast.
How were NOW's earnings last quarter?: NOW Inc. (NYSE:DNOW) posted its quarterly earnings results on Thursday, November, 2nd. The oil and gas company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. The oil and gas company had revenue of $588 million for the quarter, compared to analyst estimates of $602.30 million. NOW had a trailing twelve-month return on equity of 12.90% and a net margin of 5.71%.

What is Robert Workman's approval rating as NOW's CEO?: 46 employees have rated NOW 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 NOW own?: Based on aggregate information from My MarketBeat watchlists, some companies that other NOW 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 NOW's major shareholders?: NOW's stock is owned by a number of institutional and retail investors. Top institutional shareholders include American Century Companies Inc. (4.03%), JPMorgan Chase & Co. (2.31%), Charles Schwab Investment Management Inc. (1.82%), Global Alpha Capital Management Ltd. (1.69%), Boston Partners (1.44%) and Jacobs Levy Equity Management Inc. (1.22%).
View institutional ownership trends.
How do I buy shares of NOW?: Shares of DNOW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:DNOW) was last updated on 12/4/2023 by MarketBeat.com Staff

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