NYSE:DNOW

NOW - DNOW Stock Forecast, Price & News

$10.83

-0.52 (-4.58%)

(As of 08/15/2022 12:00 AM ET)

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Today's Range: $10.64
▼
$11.04
50-Day Range: $8.96
▼
$11.99
52-Week Range: $6.83
▼
$12.55

Volume: 648,421 shs
Average Volume: 788,567 shs
Market Capitalization: $1.20 billion

P/E Ratio: 16.41
Dividend Yield: N/A
Price Target: $13.50

NOW MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 24.7% Upside
$13.50 Price Target
Short Interest: Healthy
2.01% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.06
Based on 28 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 21.13%
From $0.71 to $0.86 Per Share

Overall MarketRank^™

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

2.52 out of 5 stars

Oils/Energy Sector

71st out of 261 stocks

Oil & Gas Field Machinery Industry

3rd out of 10 stocks

2.5

Analyst's Opinion

Consensus Rating
NOW has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $13.50, NOW has a forecasted upside of 24.7% from its current price of $10.83.
Amount of Analyst Coverage
NOW has only been the subject of 1 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
2.01% 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 3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in NOW has recently decreased by 11.29%, indicating that investor sentiment is improving significantly.

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.

2.3

News and Social Media Coverage

News Sentiment
NOW has a news sentiment score of 0.06. 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 0.49 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 28 news articles for NOW this week, compared to 37 articles on an average week.
Search Interest
12 people have searched for DNOW on MarketBeat in the last 30 days. This is an increase of 1,100% compared to the previous 30 days.
MarketBeat Follows
4 people have added NOW to their MarketBeat watchlist in the last 30 days. This is an increase of 300% compared to the previous 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 1.90% of the stock of NOW is held by insiders.
Percentage Held by Institutions
91.33% of the stock of NOW is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for NOW are expected to grow by 21.13% in the coming year, from $0.71 to $0.86 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of NOW is 16.41, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.80.
Price to Earnings Ratio vs. Sector
The P/E ratio of NOW is 16.41, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 39.13.
Price to Book Value per Share Ratio
NOW has a P/B Ratio of 1.68. 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 (NYSE:DNOW) Stock

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. The company offers its products under the DistributionNOW and DNOW brand names. It 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. The company 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, it 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. The company serves customers through a network of approximately 180 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. NOW Inc. was founded in 1862 and is headquartered in Houston, Texas.

NOW Stock Performance

NYSE:DNOW traded down $0.54 during trading on Monday, reaching $10.81. 21,388 shares of the company's stock were exchanged, compared to its average volume of 789,477. The company has a 50 day moving average price of $10.32 and a two-hundred day moving average price of $10.35. NOW has a 1 year low of $6.83 and a 1 year high of $12.55. The stock has a market cap of $1.20 billion, a P/E ratio of 16.35 and a beta of 1.68.

Wall Street Analyst Weigh In

Separately, Benchmark increased their target price on NOW to $15.00 in a report on Tuesday, August 9th.

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DNOW Stock News Headlines

August 15, 2022 | techcrunch.com

Snap says Snapchat+ now has 1 million subscribers, introduces new features - TechCrunch

August 15, 2022 | bloomberg.com

Economists Say a Euro-Zone Recession Is Now More Likely Than Not - Bloomberg

August 14, 2022 | cnn.com

Joe Biden got the vibe shift he needed. Now he's looking to make it count. - CNN

August 14, 2022 | cnn.com

Liz Truss is a political shape shifter. Now she's set for her toughest transformation yet as Britain's likely next prime minister - CNN

August 14, 2022 | usnews.com

Cameron Smith Has Claret Jug and Now Eyes No. 1 in the World - U.S. News & World Report

August 13, 2022 | washingtonpost.com

John Hinckley shot Reagan. Now he wants to play a concert. - The Washington Post

August 13, 2022 | reuters.com

Rushdie told German magazine his life is now 'relatively normal' - Reuters

August 12, 2022 | bloomberg.com

Planning a Weekend Road Trip? Here's Where Gas Is Now $3 - Bloomberg

August 12, 2022 | ft.com

How we live now: Afghanistan's women speak - Financial Times

August 11, 2022 | cnn.com

Anne Heche crash now being investigated as felony, police say - CNN

August 10, 2022 | techcrunch.com

Meta Portal owners can now use their devices as a second screen for PCs and Macs - TechCrunch

August 10, 2022 | cnbc.com

The easing of inflation pressures is giving the economy some breathing room, for now - CNBC

August 10, 2022 | finance.yahoo.com

How Much Upside is Left in Now (DNOW)? Wall Street Analysts Think 26%

August 10, 2022 | reuters.com

Fed now seen delivering 50 bp hike in Sept after inflation eases - Reuters.com

August 10, 2022 | americanbankingnews.com

NOW (NYSE:DNOW) Price Target Increased to $15.00 by Analysts at Benchmark

August 9, 2022 | nbcnews.com

Facebook turned over chat messages between mother and daughter now charged over abortion - NBC News

August 9, 2022 | apnews.com

FBI's search of Trump's Florida estate: Why now? - The Associated Press

August 9, 2022 | forbes.com

9 Reasons To Love Mauritius Now - Forbes

August 9, 2022 | cnn.com

This travel company wants tourists to visit Ukraine right now - CNN

August 9, 2022 | americanbankingnews.com

Capital One Financial Analysts Boost Earnings Estimates for NOW Inc. (NYSE:DNOW)

August 9, 2022 | forbes.com

Four Things To Do Right Now To Successfully Improve Your Work Life - Forbes

August 9, 2022 | bloomberg.com

The Great European Energy Crisis Is Now Coming for Your Food - Bloomberg

August 8, 2022 | msn.com

NOW's Return On Capital Employed Insights

August 8, 2022 | bloomberg.com

Munis Now 'Completely Unattractive' as Debt Outpaces Treasuries - Bloomberg

August 8, 2022 | washingtonpost.com

Analysis | The Senate finally passed a historic climate bill. Now what? - The Washington Post

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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DNOW Company Calendar

Last Earnings: 11/03/2021
Today: 8/15/2022
Next Earnings (Estimated): 11/02/2022
Fiscal Year End: 12/31/2022

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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) 823-4700
Fax: N/A
Employees: 2,350
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $13.50
High Stock Price Forecast: $15.00
Low Stock Price Forecast: $12.00
Forecasted Upside/Downside: +24.7%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.66
Trailing P/E Ratio: 16.41
Forward P/E Ratio: 15.25
P/E Growth: N/A
Net Income: $5 million
Net Margins: 3.88%
Pretax Margin: 4.41%
Return on Equity: 7.91%
Return on Assets: 5.07%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 2.38
Quick Ratio: 1.56

Sales & Book Value

Annual Sales: $1.63 billion
Price / Sales: 0.73
Cash Flow: $0.25 per share
Price / Cash Flow: 43.27
Book Value: $6.44 per share
Price / Book: 1.68

Miscellaneous

Outstanding Shares: 110,709,000
Free Float: 108,606,000
Market Cap: $1.20 billion
Optionable: Optionable
Beta: 1.68

Key Executives

Mr. David A. Cherechinsky (Age 58)
CEO, Pres & Director
Comp: $1.68M
Mr. Mark B. Johnson (Age 40)
Sr. VP & CFO
Comp: $874.32k
Ms. Kelly T. Munson (Age 37)
Chief Admin. & Information Officer
Comp: $510.96k
Mr. Raymond W. Chang (Age 51)
VP, Gen. Counsel & Sec.
Comp: $935.63k
Ms. Rocio Surratt (Age 46)
VP of Fin. & Corp. Controller
Comp: $325.22k
Mr. Brad Wise
VP of Digital Strategy & Investor Relations
Mr. Scott W. Hauck
Exec. VP of Digital Strategy
Mr. Dan Pratt
Sr. VP of Energy Centers
Mr. Toby Eoff
Pres of Process Solutions

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

DNOW Stock - 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 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" DNOW shares.
View DNOW analyst ratings or view top-rated stocks.
What is NOW's stock price forecast for 2022?: 2 Wall Street analysts have issued 12 month price objectives for NOW's stock. Their DNOW share price forecasts range from $12.00 to $15.00. On average, they anticipate the company's share price to reach $13.50 in the next year. This suggests a possible upside of 24.9% 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 2022?: NOW's stock was trading at $8.54 on January 1st, 2022. Since then, DNOW stock has increased by 26.6% and is now trading at $10.81.
View the best growth stocks for 2022 here.
Are investors shorting NOW?: NOW saw a drop in short interest in July. As of July 31st, there was short interest totaling 2,200,000 shares, a drop of 11.3% from the July 15th total of 2,480,000 shares. Based on an average daily volume of 733,100 shares, the days-to-cover ratio is presently 3.0 days. Currently, 2.0% of the company's shares are short sold.
View NOW's Short Interest.
When is NOW's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our DNOW earnings forecast.
How were NOW's earnings last quarter?: NOW Inc. (NYSE:DNOW) released its earnings results on Wednesday, November, 3rd. The oil and gas company reported $0.05 EPS for the quarter, beating analysts' consensus estimates of $0.02 by $0.03. The oil and gas company earned $439 million during the quarter, compared to the consensus estimate of $422.80 million. NOW had a trailing twelve-month return on equity of 7.91% and a net margin of 3.88%. The company's revenue for the quarter was up 34.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.16) EPS.
What guidance has NOW issued on next quarter's earnings?: NOW updated its FY 2022 earnings guidance on Wednesday, August, 10th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $2.12 billion-$2.12 billion, compared to the consensus revenue estimate of $1.97 billion.

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).
What is NOW's stock symbol?: NOW trades on the New York Stock Exchange (NYSE) under the ticker symbol "DNOW."
Who are NOW's major shareholders?: NOW's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Renaissance Technologies LLC (4.99%), JPMorgan Chase & Co. (2.96%), FMR LLC (2.10%), Northern Trust Corp (1.07%), Royce & Associates LP (0.93%) and Victory Capital Management Inc. (0.75%).
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.
What is NOW's stock price today?: One share of DNOW stock can currently be purchased for approximately $10.81.
How much money does NOW make?: NOW (NYSE:DNOW) has a market capitalization of $1.20 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 $0.66 on an earnings per share basis.
How many employees does NOW have?: The company employs 2,350 workers across the globe.
How can I contact NOW?: 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.

This page (NYSE:DNOW) was last updated on 8/16/2022 by MarketBeat.com Staff

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NOW - DNOW Stock Forecast, Price & News

NOW MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month