DNOW Inc. (NYSE:DNOW) Given Consensus Recommendation of “Moderate Buy” by Analysts

DNOW Inc. (NYSE:DNOW) has been given an average rating of “Moderate Buy” by the six analysts that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $17.00.

DNOW has been the subject of several recent research reports. DA Davidson began coverage on shares of DNOW in a research report on Tuesday, June 16th. They set a “buy” rating and a $17.00 target price for the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of DNOW in a research note on Wednesday, May 27th. Wall Street Zen downgraded shares of DNOW from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Freedom Capital upgraded DNOW to a “strong-buy” rating in a research note on Monday, June 22nd. Finally, Zacks Research raised DNOW from a “strong sell” rating to a “hold” rating in a report on Friday, May 22nd.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in DNOW. Vanguard Group Inc. lifted its holdings in DNOW by 66.1% during the fourth quarter. Vanguard Group Inc. now owns 19,498,204 shares of the oil and gas company’s stock valued at $258,351,000 after purchasing an additional 7,762,071 shares in the last quarter. BOKF NA boosted its position in shares of DNOW by 13,223.9% in the fourth quarter. BOKF NA now owns 393,456 shares of the oil and gas company’s stock worth $5,213,000 after purchasing an additional 390,503 shares during the period. Caisse Des Depots ET Consignations purchased a new stake in shares of DNOW in the fourth quarter worth $596,000. Bailard Inc. purchased a new stake in shares of DNOW in the fourth quarter worth $1,820,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH raised its position in shares of DNOW by 33.6% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 412,629 shares of the oil and gas company’s stock valued at $5,467,000 after purchasing an additional 103,864 shares during the period. Institutional investors own 97.63% of the company’s stock.

DNOW Trading Down 1.3%

Shares of NYSE:DNOW opened at $14.22 on Thursday. The stock has a market capitalization of $2.60 billion, a price-to-earnings ratio of -19.48 and a beta of 0.82. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.14 and a current ratio of 2.42. The stock’s 50-day simple moving average is $13.50 and its two-hundred day simple moving average is $13.31. DNOW has a 52-week low of $10.94 and a 52-week high of $17.26.

DNOW (NYSE:DNOW) last released its quarterly earnings results on Thursday, May 7th. The oil and gas company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.04). DNOW had a negative net margin of 4.14% and a positive return on equity of 4.94%. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same period in the previous year, the company earned $0.22 EPS. DNOW’s revenue for the quarter was up 97.5% compared to the same quarter last year. Analysts expect that DNOW will post 0.31 EPS for the current year.

About DNOW

DistributionNOW (NYSE: DNOW) is a global distributor of energy and industrial products, serving a broad range of end-markets including oil and gas, petrochemical, power generation, and industrial manufacturing. Headquartered in Houston, Texas, the company provides solutions across the life cycle of energy and industrial assets, with an emphasis on safety, reliability and operational efficiency.

The company’s core product portfolio includes piping systems and related components (such as valves, fittings, flanges and gaskets), instrumentation, electrical and automation equipment, fasteners, industrial safety supplies, chemicals and composite products.