News articles about NOW (NYSE:DNOW) have been trending positive on Saturday, according to AlphaOne Sentiment. The research firm, a unit of Accern, rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. NOW earned a media sentiment score of 0.46 on AlphaOne’s scale. AlphaOne also assigned media headlines about the oil and gas company an impact score of 20 out of 100, indicating that recent news coverage is very unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news articles that may have effected Alpha One Sentiment Analysis’s rankings:
NOW (NYSE:DNOW) traded up 6.53% during midday trading on Friday, reaching $17.79. 1,738,530 shares of the company traded hands. The firm’s market capitalization is $1.91 billion. NOW has a 12 month low of $15.47 and a 12 month high of $23.53. The firm’s 50 day moving average price is $16.86 and its 200 day moving average price is $19.74.
NOW (NYSE:DNOW) last issued its quarterly earnings data on Wednesday, May 3rd. The oil and gas company reported ($0.15) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.23) by $0.08. The company had revenue of $631 million for the quarter, compared to analyst estimates of $605.07 million. NOW had a negative net margin of 18.62% and a negative return on equity of 10.87%. The company’s revenue was up 15.1% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.35) earnings per share. On average, analysts expect that NOW will post ($0.36) earnings per share for the current year.
A number of research firms have weighed in on DNOW. Credit Suisse Group AG reissued a “neutral” rating and issued a $19.00 price objective (down from $20.00) on shares of NOW in a research report on Friday. Stephens raised shares of NOW from an “equal weight” rating to an “overweight” rating and decreased their price objective for the company from $24.00 to $23.00 in a research report on Thursday. Seaport Global Securities raised shares of NOW from a “neutral” rating to a “buy” rating and upped their price objective for the company from $20.00 to $22.00 in a research report on Thursday. Robert W. Baird raised shares of NOW from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $20.00 to $22.00 in a research report on Wednesday, April 26th. Finally, Zacks Investment Research raised shares of NOW from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research report on Tuesday, April 18th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $20.25.
In related news, Director Rodney W. Eads acquired 5,264 shares of the company’s stock in a transaction dated Tuesday, March 7th. The shares were bought at an average cost of $18.99 per share, with a total value of $99,963.36. Following the completion of the transaction, the director now directly owns 21,046 shares of the company’s stock, valued at $399,663.54. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 3.30% of the stock is owned by corporate insiders.
NOW Inc (NOW) is a global distributor to the oil and gas and industrial markets. The Company operates under the DistributionNOW and Wilson Export brands. Its segments include the United States, Canada and International. As of December 31, 2016, its segments, the United States, Canada and International, had over 200, 55 and 35 locations, respectively.