NOW (DNOW) Receives Daily Coverage Optimism Rating of 0.59

News stories about NOW (NYSE:DNOW) have trended somewhat positive this week, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative news coverage by reviewing more than 6,000 news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. NOW earned a media sentiment score of 0.59 on their scale. InfoTrie also gave media headlines about the oil and gas company an news buzz score of 2 out of 10, indicating that recent news coverage is very unlikely to have an impact on the stock’s share price in the next several days.

These are some of the news stories that may have impacted NOW’s ranking:

Shares of DNOW traded down $0.21 during midday trading on Friday, hitting $13.85. 11,177 shares of the company’s stock traded hands, compared to its average volume of 810,464. The firm has a market cap of $1.51 billion, a PE ratio of 38.47 and a beta of 1.40. The company has a current ratio of 2.76, a quick ratio of 1.40 and a debt-to-equity ratio of 0.11. NOW has a 1 year low of $9.67 and a 1 year high of $18.56.

NOW (NYSE:DNOW) last issued its earnings results on Thursday, February 14th. The oil and gas company reported $0.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.04. The company had revenue of $764.00 million during the quarter, compared to analyst estimates of $772.87 million. NOW had a return on equity of 3.24% and a net margin of 1.66%. The firm’s quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter last year, the business posted $0.01 EPS. As a group, research analysts forecast that NOW will post 0.43 EPS for the current year.

DNOW has been the subject of several analyst reports. Zacks Investment Research upgraded NOW from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a report on Tuesday, January 8th. Stifel Nicolaus lowered NOW from a “buy” rating to a “hold” rating and decreased their price objective for the company from $17.00 to $13.00 in a report on Wednesday, December 19th. Finally, ValuEngine upgraded NOW from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Seven analysts have rated the stock with a hold rating, NOW currently has an average rating of “Hold” and a consensus target price of $15.40.

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About NOW

NOW Inc distributes energy and industrial products in the United States, Canada, and internationally. It offers consumable maintenance, repair, and operating supplies; and pipes, valves, fittings, flanges, gaskets, fasteners, electrical products, instrumentations, artificial lift, pumping solutions, valve actuation and modular process, measurement and control equipment, process equipment, pumps, OEM parts, coatings, mill supplies, and safety supplies, as well as provides application systems, work processes, parts integration, optimization solutions, and after-sales support services.

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