Media stories about NOW (NYSE:DNOW) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. NOW earned a news sentiment score of 0.08 on Accern’s scale. Accern also assigned news headlines about the oil and gas company an impact score of 45.821514151171 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
- Hot Mover of the Day – NOW Inc. (NYSE: DNOW) – Alpha Beta Stock (alphabetastock.com)
- NOW (DNOW) Stock Rating Lowered by Zacks Investment Research (americanbankingnews.com)
- Market Minute: Tracking Shares of NOW Inc. (NYSE:DNOW) – Clawson News (clawsonnews.com)
- 3 Steps Leaders Should Take Right Now to Build and Maintain Trust (inc.com)
NOW (DNOW) opened at $11.72 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.39 and a current ratio of 2.72. The stock has a market cap of $1,263.45, a price-to-earnings ratio of -10.56 and a beta of 0.73. NOW has a fifty-two week low of $9.75 and a fifty-two week high of $22.86.
A number of analysts have commented on DNOW shares. Robert W. Baird restated a “neutral” rating and set a $15.00 price target (down previously from $20.00) on shares of NOW in a research note on Monday, October 9th. UBS Group lowered shares of NOW from a “positive” rating to a “neutral” rating in a research note on Thursday, November 2nd. BidaskClub lowered shares of NOW from a “buy” rating to a “hold” rating in a research note on Saturday, October 7th. Citigroup lowered shares of NOW from a “positive” rating to a “neutral” rating and decreased their price target for the company from $19.00 to $11.00 in a research note on Thursday, November 2nd. They noted that the move was a valuation call. Finally, Credit Suisse Group decreased their price target on shares of NOW from $15.00 to $12.00 and set a “neutral” rating for the company in a research note on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $15.65.
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NOW Inc (NOW) is a global distributor to the oil and gas and industrial markets. The Company operates under the DistributionNOW and Wilson Export brands. Its segments include the United States, Canada and International. As of December 31, 2016, its segments, the United States, Canada and International, had over 200, 55 and 35 locations, respectively.
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