Stock of The Day: Can NOW Inc’s Tomorrow Be Different? The Stock Increases Again

Stock of The Day: Can NOW Inc's Tomorrow Be Different? The Stock Increases Again

The stock of NOW Inc (NYSE:DNOW) is a huge mover today! About 892,992 shares traded hands. NOW Inc (NYSE:DNOW) has risen 7.43% since April 27, 2016 and is uptrending. It has outperformed by 2.20% the S&P500.
The move comes after 9 months positive chart setup for the $2.21 billion company. It was reported on Nov, 30 by Barchart.com. We have $22.59 PT which if reached, will make NYSE:DNOW worth $132.60 million more.

Analysts await NOW Inc (NYSE:DNOW) to report earnings on February, 28. They expect $-0.36 earnings per share, down 44.00% or $0.11 from last year’s $-0.25 per share. After $-0.34 actual earnings per share reported by NOW Inc for the previous quarter, Wall Street now forecasts 5.88% 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. The stock of NOW Inc (NYSE:DNOW) has “Neutral” rating given on Tuesday, September 15 by Credit Suisse. The firm has “Sector Weight” rating by KeyBanc Capital Markets given on Friday, December 18. The firm has “Neutral” rating given on Wednesday, February 24 by JP Morgan. Cowen & Co initiated the shares of DNOW in a report on Friday, September 16 with “Market Perform” rating. Stephens downgraded the shares of DNOW in a report on Thursday, August 6 to “Equal Weight” rating.

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 0.95 in 2016 Q2. Its down 0.02, from 0.97 in 2016Q1. The ratio turned negative, 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.
Moreover, First Republic Investment Management Incorporated has 0% invested in NOW Inc (NYSE:DNOW) for 15,254 shares. Independent Order Of Foresters has invested 0.13% of its portfolio in NOW Inc (NYSE:DNOW). Moreover, Heartland Advsr has 0.93% invested in NOW Inc (NYSE:DNOW) for 912,975 shares. Tower Rech Limited Liability Company (Trc) accumulated 0% or 403 shares. Millennium Mgmt Ltd Company, a New York-based fund reported 76,043 shares. Hutchinson Capital Mgmt Ca accumulated 3.2% or 581,627 shares. Blackrock Invest Mgmt Ltd Liability has 702,307 shares for 0.02% of their US portfolio. Omers Administration Corp, a Ontario – Canada-based fund reported 29,100 shares. Blackrock Fund holds 5.31 million shares or 0.02% of its portfolio. Wellington Mngmt Gru Limited Liability Partnership accumulated 0.01% or 1.96M shares. Shufro Rose Limited Company, a New York-based fund reported 149,290 shares. Ls Advsr Lc holds 0.01% of its portfolio in NOW Inc (NYSE:DNOW) for 7,661 shares. Rocky Mountain Advisers Lc accumulated 20 shares or 0% of the stock. Massachusetts Fincl Svcs Com Ma reported 2.85 million shares or 0.03% of all its holdings. Fincl Architects last reported 153 shares in the company.

More important recent NOW Inc (NYSE:DNOW) news were published by: Fool.com which released: “NOW Inc.’s Results Bounce Off the Bottom” on November 02, 2016, also Fool.com published article titled: “NOW Inc’s Stock Slumps Despite Improving Financial Results”, Businesswire.com published: “NOW Inc. Announces Third Quarter 2016 Results” on November 02, 2016. More interesting news about NOW Inc (NYSE:DNOW) was released by: Reuters.com and their article: “BRIEF-NOW Inc announces third quarter 2016 results” with publication date: November 02, 2016.

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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