NOW (DNOW) Earns News Sentiment Rating of 0.13

Media stories about NOW (NYSE:DNOW) have been trending somewhat positive this week, according to Accern Sentiment. Accern scores the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. NOW earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned media stories about the oil and gas company an impact score of 46.0798803678181 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the media stories that may have effected Accern Sentiment’s analysis:

A number of research analysts recently issued reports on the stock. BidaskClub raised shares of NOW from a “sell” rating to a “hold” rating in a research report on Saturday. J P Morgan Chase & Co lowered their price target on shares of NOW from $15.00 to $12.00 and set a “neutral” rating for the company in a research report on Tuesday, September 12th. Stifel Nicolaus reissued a “buy” rating and set a $18.00 price target on shares of NOW in a research report on Thursday, September 7th. Credit Suisse Group set a $15.00 price target on shares of NOW and gave the company a “hold” rating in a research report on Friday, August 4th. Finally, Zacks Investment Research raised shares of NOW from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $19.10.

NOW (DNOW) traded up 0.08% during mid-day trading on Friday, reaching $12.99. 1,454,546 shares of the company’s stock were exchanged. NOW has a one year low of $11.31 and a one year high of $23.53. The firm’s market capitalization is $1.40 billion. The company’s 50-day moving average is $12.36 and its 200 day moving average is $15.67.

NOW (NYSE:DNOW) last posted its quarterly earnings data on Wednesday, August 2nd. The oil and gas company reported ($0.10) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.10). NOW had a negative net margin of 7.14% and a negative return on equity of 7.83%. The firm had revenue of $651.00 million for the quarter, compared to the consensus estimate of $674.97 million. During the same quarter in the prior year, the company posted ($0.40) earnings per share. The company’s revenue for the quarter was up 29.9% compared to the same quarter last year. Equities analysts predict that NOW will post ($0.24) earnings per share for the current fiscal year.

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About NOW

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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