NOW - DNOW Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for NOW in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" DNOW shares.
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1 analysts have issued twelve-month price targets for NOW's shares. Their DNOW share price forecasts range from $15.00 to $15.00. On average, they expect the company's share price to reach $15.00 in the next year. This suggests a possible upside of 7.2% from the stock's current price.
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NOW's stock was trading at $12.70 at the start of the year. Since then, DNOW stock has increased by 10.2% and is now trading at $13.99.
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NOW saw a decrease in short interest during the month of January. As of January 15th, there was short interest totaling 1,410,000 shares, a decrease of 19.0% from the December 31st total of 1,740,000 shares. Based on an average daily volume of 547,100 shares, the days-to-cover ratio is currently 2.6 days. Approximately 1.3% of the shares of the stock 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 will be holding an earnings conference call on Thursday, February 16th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

NOW Inc. (NYSE:DNOW) posted its quarterly earnings results on Wednesday, November, 3rd. The oil and gas company reported $0.05 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.03. The oil and gas company had revenue of $439 million for the quarter, compared to the consensus estimate of $422.80 million. NOW had a trailing twelve-month return on equity of 11.31% and a net margin of 5.34%. The business's quarterly revenue was up 34.7% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.16) earnings per share.

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 retail and institutional investors. Top institutional shareholders include Assenagon Asset Management S.A. (0.50%), New York State Teachers Retirement System (0.21%), State of New Jersey Common Pension Fund D (0.17%), Sequoia Financial Advisors LLC (0.07%), Alpha DNA Investment Management LLC (0.07%) and Bailard Inc. (0.07%).
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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 $13.99.

NOW (NYSE:DNOW) has a market capitalization of $1.55 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) 823-4006 or via email at ir@dnow.com.