DNOW (NYSE:DNOW - Get Free Report) released its quarterly earnings data on Thursday. The oil and gas company reported $0.21 earnings per share for the quarter, beating analysts' consensus estimates of $0.19 by $0.02, Briefing.com reports. The business had revenue of $606.00 million during the quarter, compared to analyst estimates of $614.92 million. DNOW had a net margin of 9.70% and a return on equity of 9.93%. DNOW's revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.25 EPS.
DNOW Stock Performance
DNOW stock traded up $0.51 during mid-day trading on Friday, hitting $14.25. 1,149,104 shares of the company traded hands, compared to its average volume of 799,116. DNOW has a one year low of $9.44 and a one year high of $15.65. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 6.88 and a beta of 1.45. The stock has a fifty day moving average price of $12.47 and a 200-day moving average price of $13.31.
Analyst Ratings Changes
A number of analysts recently issued reports on DNOW shares. StockNews.com raised DNOW from a "hold" rating to a "buy" rating in a report on Thursday, August 15th. Stifel Nicolaus increased their price target on shares of DNOW from $16.00 to $17.00 and gave the stock a "buy" rating in a report on Thursday, July 18th.
Get Our Latest Stock Report on DNOW
About DNOW
(
Get Free Report)
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.
Featured Articles
Before you consider DNOW, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and DNOW wasn't on the list.
While DNOW currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
