NOW (DNOW) Earns Daily Coverage Optimism Score of 0.21

News headlines about NOW (NYSE:DNOW) have trended somewhat positive on Monday, Accern reports. The research group identifies positive and negative press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. NOW earned a news impact score of 0.21 on Accern’s scale. Accern also gave headlines about the oil and gas company an impact score of 45.7903451206635 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the headlines that may have effected Accern’s scoring:

A number of brokerages have weighed in on DNOW. BidaskClub raised NOW from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 6th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $18.00 target price on shares of NOW in a report on Thursday. Credit Suisse Group set a $15.00 target price on NOW and gave the company a “hold” rating in a report on Friday, August 4th. Zacks Investment Research raised NOW from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Finally, KeyCorp reaffirmed an “overweight” rating and issued a $22.00 target price on shares of NOW in a report on Friday, May 26th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $19.30.

NOW (NYSE:DNOW) traded up 4.46% during midday trading on Monday, hitting $12.65. The company had a trading volume of 701,088 shares. NOW has a 52 week low of $11.31 and a 52 week high of $23.53. The firm’s 50 day moving average is $12.94 and its 200-day moving average is $16.00. The firm’s market capitalization is $1.36 billion.

NOW (NYSE:DNOW) last posted its quarterly earnings results on Wednesday, August 2nd. The oil and gas company reported ($0.10) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.10). NOW had a negative net margin of 7.14% and a negative return on equity of 7.83%. The business had revenue of $651 million during the quarter, compared to analyst estimates of $674.97 million. During the same period in the prior year, the business posted ($0.40) earnings per share. The company’s revenue was up 29.9% on a year-over-year basis. On average, equities research analysts expect that NOW will post ($0.24) EPS 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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