The stock of NOW Inc (NYSE:DNOW) is a huge mover today! About 1.10M shares traded hands or 48.68% up from the average. NOW Inc (NYSE:DNOW) has risen 30.55% since February 26, 2016 and is uptrending. It has outperformed by 20.12% the S&P500.
The move comes after 5 months positive chart setup for the $2.34B company. It was reported on Oct, 1 by Barchart.com. We have $32.12 PT which if reached, will make NYSE:DNOW worth $1.17B more.
Analysts await NOW Inc (NYSE:DNOW) to report earnings on November, 1. They expect $-0.45 EPS, down 164.71% or $0.28 from last year’s $-0.17 per share. After $-0.40 actual EPS reported by NOW Inc for the previous quarter, Wall Street now forecasts 12.50% negative EPS growth.
NOW Inc (NYSE:DNOW) Ratings Coverage
Out of 7 analysts covering Now Inc (NYSE:DNOW), 0 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 0 are positive. Now Inc has been the topic of 8 analyst reports since August 6, 2015 according to StockzIntelligence Inc. As per Tuesday, September 15, the company rating was initiated by Credit Suisse. The rating was downgraded by Stephens on Thursday, August 6 to “Equal Weight”. KeyBanc Capital Markets initiated NOW Inc (NYSE:DNOW) on Friday, December 18 with “Sector Weight” rating. JP Morgan maintained the stock with “Neutral” rating in Wednesday, February 24 report. Cowen & Co initiated the stock with “Market Perform” rating in Friday, September 16 report.
According to Zacks Investment Research, “NOW Inc. is a distributor to the energy and industrial sectors. It stocks and sells a comprehensive offering of products for the upstream, midstream, and downstream & industrial market segments. The Company offers stock keeping units, including pipe, valves and valve automation, fittings, instrumentation, mill and industrial supplies, tools, safety supplies, electrical products, drilling and production equipment, fabricated equipment, and industrial paints and coatings. NOW also provides supply chain management solutions to energy and industrial manufacturing companies around the world. It operates primarily under the DistributionNOW and Wilson Export brands. NOW Inc. is headquartered in Houston, Texas.”
Insitutional Activity: The institutional sentiment decreased to 0.97 in Q2 2016. Its down 0.08, from 1.05 in 2016Q1. The ratio worsened, as 35 funds sold all NOW Inc shares owned while 84 reduced positions. 28 funds bought stakes while 88 increased positions. They now own 105.81 million shares or 1.43% more from 104.32 million shares in 2016Q1.
Public Employees Retirement Association Of Colorado has invested 0% of its portfolio in NOW Inc (NYSE:DNOW). Iat Reinsurance Limited holds 0.16% or 12,500 shares in its portfolio. Fmr Ltd Liability Corporation owns 50,089 shares or 0% of their US portfolio. The Georgia-based Voya Limited Liability has invested 0% in NOW Inc (NYSE:DNOW). Lba Wealth Mngmt Lc last reported 0% of its portfolio in the stock. Qv Invsts accumulated 1.07 million shares or 2.46% of the stock. Financial Bank Of Montreal Can has 0% invested in the company for 4,195 shares. Ubs Asset Americas has 0% invested in the company for 99,555 shares. Invesco Ltd holds 0% of its portfolio in NOW Inc (NYSE:DNOW) for 62,921 shares. Hbk Invests L P reported 87,500 shares or 0.01% of all its holdings. Louisiana State Employees Retirement Systems accumulated 0.03% or 28,600 shares. Jacobs Levy Equity Mgmt holds 0.07% of its portfolio in NOW Inc (NYSE:DNOW) for 183,300 shares. Arlington Value Capital Limited Liability Co has 4.62M shares for 9.29% of their US portfolio. Gradient Investments Limited reported 50 shares or 0% of all its holdings. Weaver C Barksdale And accumulated 632 shares or 0.02% of the stock.
More news for NOW Inc (NYSE:DNOW) were recently published by: Fool.com, which released: “Shares of NOW Inc. Surged Ahead 15% in August — Here’s Why” on September 07, 2016. Stltoday.com‘s article titled: “PLAZA MERCEDES/SHIFT NOW INC – Ad from 2016-09-30” and published on September 30, 2016 is yet another important article.
DNOW Company Profile
NOW Inc. (NOW), incorporated on November 22, 2013, is a global distributor to energy and industrial markets. The Firm operates primarily under the DistributionNOW and Wilson Export brands. The Firm operates through three divisions: United States (U.S.), Canada and International. Through its network of over 300 locations across the world, it stocks and sells an offering of energy products, as well as a selection of products for industrial applications. The Company’s energy product offering is consumed throughout all sectors of the gas and oil industry from upstream drilling and completion, exploration and production (E&P), midstream infrastructure development to downstream petroleum refining, as well as in other industries, such as chemical processing, utilities and industrial manufacturing operations. The industrial distribution portion of its business targets a range of end markets, including manufacturing, engineering and construction and refineries. The Firm also provides supply chain management to drilling contractors, E&P operators, midstream operators and downstream energy, and industrial manufacturing companies around the world.
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