NOW - DNOW Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for NOW in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" DNOW shares.
View DNOW analyst ratings or view top-rated stocks.

1 Wall Street analysts have issued 12-month price targets for NOW's shares. Their DNOW share price forecasts range from $15.00 to $15.00. On average, they anticipate the company's stock price to reach $15.00 in the next year. This suggests a possible upside of 19.3% 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 $8.54 at the start of the year. Since then, DNOW stock has increased by 47.2% and is now trading at $12.57.
View the best growth stocks for 2022 here.

NOW saw a decline in short interest in November. As of November 15th, there was short interest totaling 1,820,000 shares, a decline of 13.7% from the October 31st total of 2,110,000 shares. Based on an average daily volume of 722,200 shares, the short-interest ratio is currently 2.5 days. Approximately 1.7% of the company's shares are short sold.
View NOW's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 16th 2023.
View our DNOW earnings forecast.

NOW Inc. (NYSE:DNOW) announced its earnings results on Wednesday, November, 2nd. The oil and gas company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.06. The oil and gas company had revenue of $577 million for the quarter, compared to the consensus estimate of $565.60 million. NOW had a net margin of 5.34% and a trailing twelve-month return on equity of 11.31%.

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 number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (15.90%), Vanguard Group Inc. (11.85%), Dimensional Fund Advisors LP (4.79%), Renaissance Technologies LLC (4.49%), State Street Corp (3.65%) and Barrow Hanley Mewhinney & Strauss LLC (2.19%).
View institutional ownership trends.

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 $12.57.

NOW (NYSE:DNOW) has a market capitalization of $1.39 billion and generates $1.63 billion in revenue each year. The oil and gas company earns $5 million in net income (profit) each year or $0.96 on an earnings per share basis.

The company employs 2,350 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) 823-4700 or via email at ir@dnow.com.