DNOW (DNOW) Scheduled to Post Quarterly Earnings on Thursday

DNOW (NYSE:DNOW) will be announcing its earnings results before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.20 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

DNOW (NYSE:DNOW) last posted its earnings results on Wednesday, August 7th. The oil and gas company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). The firm had revenue of $633.00 million during the quarter, compared to the consensus estimate of $638.20 million. DNOW had a net margin of 9.70% and a return on equity of 9.93%. On average, analysts expect DNOW to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

DNOW Price Performance

NYSE DNOW opened at $11.87 on Tuesday. The stock’s 50 day simple moving average is $12.42 and its 200 day simple moving average is $13.33. DNOW has a one year low of $9.44 and a one year high of $15.65. The firm has a market cap of $1.26 billion, a PE ratio of 5.73 and a beta of 1.45.

Analysts Set New Price Targets

DNOW has been the topic of several research analyst reports. StockNews.com upgraded DNOW from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Susquehanna lowered their price target on shares of DNOW from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday, July 11th. Finally, Stifel Nicolaus upped their price objective on DNOW from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, July 18th.

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.