NOW (DNOW) Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NOW in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" DNOW shares.
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3 equities research analysts have issued 12-month price targets for NOW's shares. Their DNOW share price forecasts range from $12.50 to $15.00. On average, they predict the company's share price to reach $13.83 in the next year. This suggests a possible upside of 36.6% from the stock's current price.
View analysts price targets for DNOW or view top-rated stocks among Wall Street analysts.

NOW's stock was trading at $12.70 at the beginning of the year. Since then, DNOW shares have decreased by 20.2% and is now trading at $10.13.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our DNOW earnings forecast.

NOW Inc. (NYSE:DNOW) announced its quarterly earnings data on Thursday, May, 4th. The oil and gas company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.21 by $0.04. The oil and gas company had revenue of $584 million for the quarter, compared to the consensus estimate of $566.63 million. NOW had a net margin of 5.74% and a trailing twelve-month return on equity of 14.67%. The firm's quarterly revenue was up 23.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.14 EPS.

ETFs with the largest weight of NOW (NYSE:DNOW) stock in their portfolio include Invesco S&P SmallCap Industrials ETF (PSCI), Invesco S&P SmallCap Momentum ETF (XSMO), Invesco S&P SmallCap Value with Momentum ETF (XSVM), Distillate Small/Mid Cash Flow ETF (DSMC), Invesco DWA SmallCap Momentum ETF (DWAS), First Trust Small Cap Value AlphaDEX Fund (FYT), JPMorgan Market Expansion Enhanced Equity ETF (JMEE) and iShares S&P Small-Cap 600 Value ETF (IJS).

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.

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).

NOW trades on the New York Stock Exchange (NYSE) under the ticker symbol "DNOW."

NOW's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (17.03%), Dimensional Fund Advisors LP (5.85%), Renaissance Technologies LLC (4.00%), State Street Corp (3.87%), American Century Companies Inc. (2.85%) and JPMorgan Chase & Co. (2.75%).
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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.
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One share of DNOW stock can currently be purchased for approximately $10.13.

NOW (NYSE:DNOW) has a market capitalization of $1.08 billion and generates $2.14 billion in revenue each year. The oil and gas company earns $128 million in net income (profit) each year or $1.14 on an earnings per share basis.

The company employs 2,525 workers across the globe.

NOW's mailing address is 7402 NORTH ELDRIDGE PARKWAY, HOUSTON TX, 77041. The official website for the company is www.distributionnow.com. The oil and gas company can be reached via phone at (281) 823-4006 or via email at ir@dnow.com.