DNOW (DNOW) to Release Earnings on Thursday

DNOW (NYSE:DNOW - Get Free Report) is anticipated to post its quarterly earnings results before the market opens on Thursday, February 13th. Analysts expect DNOW to post earnings of $0.14 per share and revenue of $552.87 million for the quarter. Investors that wish to register for the company's conference call can do so using this link.

DNOW (NYSE:DNOW - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The oil and gas company reported $0.21 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.02. DNOW had a net margin of 8.70% and a return on equity of 8.90%. The firm had revenue of $606.00 million for the quarter, compared to analyst estimates of $614.92 million. During the same period in the previous year, the business earned $0.25 earnings per share. The company's revenue for the quarter was up 3.1% compared to the same quarter last year. On average, analysts expect DNOW to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

DNOW Stock Down 1.5 %

DNOW traded down $0.21 during trading on Friday, hitting $14.09. The company's stock had a trading volume of 747,495 shares, compared to its average volume of 1,171,101. DNOW has a 12 month low of $9.44 and a 12 month high of $15.65. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of 7.53 and a beta of 1.53. The firm's 50 day moving average price is $13.94 and its two-hundred day moving average price is $13.42.

DNOW announced that its board has authorized a stock repurchase plan on Friday, January 24th that authorizes the company to repurchase $160.00 million in shares. This repurchase authorization authorizes the oil and gas company to reacquire up to 10% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's management believes its stock is undervalued.

Insider Transactions at DNOW

In other news, Director Paul M. Coppinger sold 26,186 shares of DNOW stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $15.35, for a total transaction of $401,955.10. Following the completion of the sale, the director now owns 56,568 shares in the company, valued at $868,318.80. The trade was a 31.64 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.60% of the stock is owned by company insiders.

About DNOW

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.