Somewhat Positive Press Coverage Somewhat Unlikely to Affect NOW (DNOW) Share Price

Media stories about NOW (NYSE:DNOW) have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. NOW earned a news impact score of 0.18 on Accern’s scale. Accern also assigned media coverage about the oil and gas company an impact score of 45.7088877746968 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

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

Shares of NOW (NYSE DNOW) opened at $10.57 on Tuesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.39 and a current ratio of 2.72. NOW has a 12-month low of $9.75 and a 12-month high of $23.53.

NOW (NYSE:DNOW) last issued its quarterly earnings data on Wednesday, November 1st. The oil and gas company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.01. The business had revenue of $697.00 million during the quarter, compared to the consensus estimate of $701.29 million. NOW had a negative net margin of 4.77% and a negative return on equity of 5.17%. The company’s revenue was up 34.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.34) EPS. sell-side analysts forecast that NOW will post -0.34 earnings per share for the current fiscal year.

A number of brokerages recently issued reports on DNOW. BidaskClub downgraded shares of NOW from a “hold” rating to a “sell” rating in a research note on Monday, October 23rd. J P Morgan Chase & Co decreased their price target on shares of NOW from $15.00 to $12.00 and set a “neutral” rating for the company in a research note on Tuesday, September 12th. Zacks Investment Research downgraded shares of NOW from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Cowen decreased their price target on shares of NOW from $14.00 to $10.00 and set a “market perform” rating for the company in a research note on Thursday, November 2nd. Finally, Robert W. Baird downgraded shares of NOW from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $20.00 to $15.00 in a research note on Friday, October 13th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. NOW currently has a consensus rating of “Hold” and a consensus target price of $16.20.

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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.

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