Should I buy or sell DNOW stock right now?

2 Wall Street 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 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 equities research analysts have issued 1 year target prices for DNOW's shares. Their DNOW share price targets range from $16.00 to $18.00. On average, they expect the company's stock price to reach $17.00 in the next twelve months. This suggests a possible upside of 16.0% 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 the year. Since then, DNOW stock has increased by 29.4% and is now trading at $14.65. View the best growth stocks for 2024 here .

Are investors shorting DNOW?

DNOW saw a drop in short interest in the month of March. As of March 31st, there was short interest totaling 2,990,000 shares, a drop of 15.5% from the March 15th total of 3,540,000 shares. Based on an average trading volume of 1,200,000 shares, the days-to-cover ratio is currently 2.5 days. Approximately 2.9% of the company's shares are sold short. View DNOW's Short Interest .

When is DNOW's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, May 10th 2024. View our DNOW earnings forecast .

How can I listen to DNOW's earnings call?

DNOW will be holding an earnings conference call on Friday, May 10th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link .

How were DNOW's earnings last quarter?

DNOW Inc. (NYSE:DNOW) posted its quarterly earnings results on Thursday, February, 15th. The oil and gas company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.15 by $0.07. The oil and gas company earned $555 million during the quarter, compared to the consensus estimate of $540.83 million. DNOW had a net margin of 10.64% and a trailing twelve-month return on equity of 11.60%. DNOW's revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.25 EPS.

What ETFs hold DNOW's stock?

ETFs with the largest weight of DNOW (NYSE:DNOW) stock in their portfolio include ETC 6 Meridian Small Cap Equity ETF (SIXS) and Invesco S&P SmallCap Value with Momentum ETF (XSVM) . Cambria Value and Momentum ETF (VAMO) .

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 many different retail and institutional investors. Top institutional shareholders include Denali Advisors LLC (0.09%). 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 .

NYSE:DNOW

DNOW (DNOW) Stock Price, News & Analysis

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$14.65

-0.08 (-0.54%)

(As of 04/19/2024 ET)

Compare

Today's Range: $14.48
▼
$14.92
50-Day Range: $9.53
▼
$15.43
52-Week Range: $8.83
▼
$15.57

Volume: 666,974 shs
Average Volume: 1.13 million shs
Market Capitalization: $1.60 billion

P/E Ratio: 6.48
Dividend Yield: N/A
Price Target: $17.00

Get DNOW alerts:

DNOW MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 16.0% Upside
$17.00 Price Target
Short Interest: Healthy
2.87% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: 3.92%
From $1.02 to $1.06 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.

2.33 out of 5 stars

Industrial Products Sector

122nd out of 167 stocks

Oil & Gas Field Machinery Industry

12th out of 13 stocks

2.3

Analyst's Opinion

Consensus Rating
DNOW 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.
Amount of Analyst Coverage
DNOW has only been the subject of 2 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
2.87% of the float of DNOW has been sold short.
Short Interest Ratio / Days to Cover
DNOW has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in DNOW has recently decreased by 15.54%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
DNOW does not currently pay a dividend.
Dividend Growth
DNOW 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.

1.9

News and Social Media Coverage

News Sentiment
DNOW has a news sentiment score of 0.33. 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 lower news sentiment than the 0.61 average news sentiment score of Industrial Products companies.
News Coverage This Week
MarketBeat has tracked 1 news article for DNOW this week, compared to 3 articles on an average week.
Search Interest
Only 5 people have searched for DNOW on MarketBeat in the last 30 days. This is a decrease of -38% compared to the previous 30 days.
MarketBeat Follows
7 people have added DNOW to their MarketBeat watchlist in the last 30 days. This is an increase of 250% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, DNOW insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 2.60% of the stock of DNOW is held by insiders.
Percentage Held by Institutions
97.63% of the stock of DNOW is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for DNOW are expected to grow by 3.92% in the coming year, from $1.02 to $1.06 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of DNOW is 6.48, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 142.76.
Price to Earnings Ratio vs. Sector
The P/E ratio of DNOW is 6.48, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 20.56.
Price to Book Value per Share Ratio
DNOW has a P/B Ratio of 1.47. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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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

30 days | 90 days | 365 days | Advanced Chart

DNOW Stock News Headlines

April 17, 2024 | msn.com

DNOW (DNOW) Dips More Than Broader Market: What You Should Know

April 12, 2024 | businesswire.com

DNOW Announces First Quarter 2024 Earnings Conference Call

April 19, 2024 | Paradigm Press (Ad)

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April 9, 2024 | stocknews.com

3 Hot Energy Stocks Gaining Altitude in April

April 9, 2024 | americanbankingnews.com

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

April 9, 2024 | americanbankingnews.com

DNOW (NYSE:DNOW) Reaches New 1-Year High Following Analyst Upgrade

April 8, 2024 | markets.businessinsider.com

Key Takeaways From Dnow Analyst Ratings

March 26, 2024 | money.usnews.com

Dnow Inc

April 19, 2024 | Paradigm Press (Ad)

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Recently, Bitcoin smashed through its previous record high to hit $72,720. It’s made many, many people very rich. But one cryptocurrency expert and investing millionaire is declaring…

March 17, 2024 | finance.yahoo.com

DNOW Aug 2024 17.500 call

March 16, 2024 | finance.yahoo.com

DNOW Apr 2024 17.500 call

March 16, 2024 | finance.yahoo.com

DNOW Apr 2024 12.500 put

March 16, 2024 | ca.finance.yahoo.com

DNOW Aug 2024 7.500 call

March 16, 2024 | ca.finance.yahoo.com

DNOW Apr 2024 10.000 call

March 15, 2024 | yahoo.com

Heavy snow in Colorado cancels flights, closes roads

March 12, 2024 | finance.yahoo.com

DNOW Completes Acquisition of Whitco Supply

February 29, 2024 | wsj.com

DNOW Inc.

February 23, 2024 | msn.com

Saturday’s full Snow moon has a surprise in store – here’s how to see it

February 21, 2024 | seekingalpha.com

DNOW: An Attractive Valuation With Strong Financials And Outlook

February 20, 2024 | finance.yahoo.com

Fast-paced Momentum Stock DNOW (DNOW) Is Still Trading at a Bargain

February 18, 2024 | msn.com

Crude oil grinds higher with another weekly gain, building bullish momentum

February 18, 2024 | msn.com

N.J. weather: Big snowstorm surprise in parts of state. Town-by-town snow totals show 12 to 13 inches.

February 16, 2024 | realmoney.thestreet.com

DNOW Inc. price target raised by $2 at Susquehanna, here's why

February 16, 2024 | finance.yahoo.com

NOW Inc. (NYSE:DNOW) Q4 2023 Earnings Call Transcript

February 15, 2024 | fool.com

Why DNOW Stock Is Surging Higher Today

February 15, 2024 | fool.com

Why DNOW Stock Is Surging Higher Today

February 15, 2024 | marketwatch.com

DNOW Shares Jump 19% Following 4Q Profit, Revenue Beat

See More Headlines

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Company Calendar

Last Earnings: 2/15/2024
Today: 4/19/2024
Next Earnings (Confirmed): 5/10/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Industrial Products
Industry: Oil & gas field machinery
Sub-Industry: N/A
Current Symbol: NYSE:DNOW
CUSIP: N/A
CIK: 1599617
Web: www.distributionnow.com
Phone: (281) 823-4006
Fax: N/A
Employees: 2,475
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $17.00
High Stock Price Target: $18.00
Low Stock Price Target: $16.00
Potential Upside/Downside: +16.0%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.26
Trailing P/E Ratio: 6.48
Forward P/E Ratio: 14.36
P/E Growth: N/A
Net Income: $247 million
Net Margins: 10.64%
Pretax Margin: 5.95%
Return on Equity: 11.60%
Return on Assets: 7.57%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 2.56
Quick Ratio: 1.68

Sales & Book Value

Annual Sales: $2.32 billion
Price / Sales: 0.69
Cash Flow: $1.25 per share
Price / Cash Flow: 11.69
Book Value: $10.00 per share
Price / Book: 1.47

Miscellaneous

Outstanding Shares: 108,890,000
Free Float: 106,063,000
Market Cap: $1.60 billion
Optionable: Optionable
Beta: 1.48

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Key Executives

Mr. David A. Cherechinsky (Age 60)
CEO, President & Director
Comp: $2.23M
Mr. Mark B. Johnson (Age 42)
Senior VP & CFO
Comp: $1.1M
Ms. Kelly T. Munson (Age 39)
Chief Administrative & Information Officer
Comp: $772.05k
Mr. Raymond W. Chang (Age 53)
General Counsel
Comp: $1.08M
Ms. Rocio Surratt (Age 48)
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 DNOW stock right now?: 2 Wall Street 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 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 equities research analysts have issued 1 year target prices for DNOW's shares. Their DNOW share price targets range from $16.00 to $18.00. On average, they expect the company's stock price to reach $17.00 in the next twelve months. This suggests a possible upside of 16.0% 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 the year. Since then, DNOW stock has increased by 29.4% and is now trading at $14.65.
View the best growth stocks for 2024 here.
Are investors shorting DNOW?: DNOW saw a drop in short interest in the month of March. As of March 31st, there was short interest totaling 2,990,000 shares, a drop of 15.5% from the March 15th total of 3,540,000 shares. Based on an average trading volume of 1,200,000 shares, the days-to-cover ratio is currently 2.5 days. Approximately 2.9% of the company's shares are sold short.
View DNOW's Short Interest.
When is DNOW's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Friday, May 10th 2024.
View our DNOW earnings forecast.
How can I listen to DNOW's earnings call?: DNOW will be holding an earnings conference call on Friday, May 10th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were DNOW's earnings last quarter?: DNOW Inc. (NYSE:DNOW) posted its quarterly earnings results on Thursday, February, 15th. The oil and gas company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.15 by $0.07. The oil and gas company earned $555 million during the quarter, compared to the consensus estimate of $540.83 million. DNOW had a net margin of 10.64% and a trailing twelve-month return on equity of 11.60%. DNOW's revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.25 EPS.
What ETFs hold DNOW's stock?: ETFs with the largest weight of DNOW (NYSE:DNOW) stock in their portfolio include ETC 6 Meridian Small Cap Equity ETF (SIXS) and Invesco S&P SmallCap Value with Momentum ETF (XSVM).Cambria Value and Momentum ETF (VAMO).
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 many different retail and institutional investors. Top institutional shareholders include Denali Advisors LLC (0.09%).
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 4/19/2024 by MarketBeat.com Staff

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