NOW Inc (NYSE:DNOW) – Research analysts at Seaport Global Securities lifted their Q1 2018 earnings estimates for shares of NOW in a research report issued on Thursday. Seaport Global Securities analyst W. Liptak now anticipates that the oil and gas company will post earnings of $0.01 per share for the quarter, up from their previous estimate of ($0.04). Seaport Global Securities currently has a “Buy” rating on the stock. Seaport Global Securities also issued estimates for NOW’s Q3 2018 earnings at $0.07 EPS and Q1 2019 earnings at $0.16 EPS.
Other equities analysts also recently issued reports about the stock. KeyCorp reduced their price objective on shares of NOW from $22.00 to $18.00 and set an “overweight” rating for the company in a report on Thursday, February 15th. ValuEngine downgraded shares of NOW from a “sell” rating to a “strong sell” rating in a report on Friday, February 2nd. Susquehanna Bancshares set a $10.00 price objective on shares of NOW and gave the stock a “hold” rating in a report on Thursday, February 15th. Zacks Investment Research raised shares of NOW from a “sell” rating to a “hold” rating in a report on Wednesday, January 17th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $15.00 price objective (up from $12.50) on shares of NOW in a report on Tuesday, January 16th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $12.70.
NOW (NYSE:DNOW) last issued its quarterly earnings results on Wednesday, February 14th. The oil and gas company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.08. NOW had a negative net margin of 1.96% and a negative return on equity of 2.46%. The firm had revenue of $669.00 million during the quarter, compared to the consensus estimate of $690.62 million. During the same period in the prior year, the firm earned ($0.29) EPS. The business’s revenue was up 24.3% on a year-over-year basis.
Several institutional investors have recently made changes to their positions in the stock. Shell Asset Management Co. acquired a new stake in NOW in the 3rd quarter valued at about $137,000. HighTower Advisors LLC acquired a new stake in NOW in the 2nd quarter valued at about $170,000. ETRADE Capital Management LLC acquired a new stake in NOW in the 3rd quarter valued at about $165,000. Jane Street Group LLC acquired a new stake in NOW in the 4th quarter valued at about $133,000. Finally, Boothbay Fund Management LLC acquired a new stake in NOW in the 3rd quarter valued at about $176,000.
NOW Company Profile
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.
Receive News & Ratings for NOW Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NOW and related companies with MarketBeat.com's FREE daily email newsletter.