DNOW (NYSE:DNOW) Posts Earnings Results

DNOW (NYSE:DNOW) released its quarterly earnings results on Thursday. The oil and gas company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.02, Briefing.com reports. DNOW had a return on equity of 9.93% and a net margin of 9.70%. The company had revenue of $606.00 million during the quarter, compared to the consensus estimate of $614.92 million. During the same quarter in the prior year, the company posted $0.25 EPS. The firm’s revenue was up 3.1% on a year-over-year basis.

DNOW Stock Up 3.7 %

DNOW stock traded up $0.51 during mid-day trading on Friday, hitting $14.25. 1,149,062 shares of the company were exchanged, compared to its average volume of 937,468. The company has a market capitalization of $1.52 billion, a PE ratio of 6.64 and a beta of 1.45. The business has a fifty day moving average of $12.44 and a 200 day moving average of $13.32. DNOW has a 1-year low of $9.44 and a 1-year high of $15.65.

Analysts Set New Price Targets

A number of research analysts recently issued reports on DNOW shares. Susquehanna lowered their target price on shares of DNOW from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday, July 11th. Stifel Nicolaus boosted their target price on shares of DNOW from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Finally, StockNews.com raised DNOW from a “hold” rating to a “buy” rating in a report on Thursday, August 15th.

DNOW Company Profile

DNOW Inc distributes downstream energy and industrial products for petroleum refining, chemical processing, LNG terminals, power generation utilities, and customer on-site locations in the United States, Canada, and internationally. The company provides consumable maintenance, repair, and operating supplies; pipes, manual and automated valves, fittings, flanges, gaskets, fasteners, electrical instrumentations, artificial lift, pumping solutions, valve actuation and modular process, and measurement and control equipment; and mill supplies, tools, safety supplies, and personal protective equipment, as well as artificial lift systems, coatings, and miscellaneous expendable items.