DNOW Inc. (NYSE:DNOW – Get Free Report) saw a large increase in short interest in February. As of February 29th, there was short interest totalling 3,610,000 shares, an increase of 16.5% from the February 14th total of 3,100,000 shares. Approximately 3.5% of the company’s stock are short sold. Based on an average daily volume of 1,060,000 shares, the short-interest ratio is currently 3.4 days.
DNOW Price Performance
DNOW stock opened at $14.43 on Monday. The company has a market capitalization of $1.53 billion, a PE ratio of 6.38 and a beta of 1.48. DNOW has a one year low of $8.83 and a one year high of $15.01. The business has a 50 day simple moving average of $11.63 and a 200 day simple moving average of $11.29.
DNOW (NYSE:DNOW – Get Free Report) last issued its quarterly earnings data on Thursday, February 15th. The oil and gas company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.07. The firm had revenue of $555.00 million during the quarter, compared to the consensus estimate of $540.83 million. DNOW had a return on equity of 11.60% and a net margin of 10.64%. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS. Equities analysts anticipate that DNOW will post 0.96 earnings per share for the current fiscal year.
Institutional Trading of DNOW
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on DNOW shares. Stifel Nicolaus upped their price target on DNOW from $14.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, February 16th. StockNews.com cut DNOW from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 28th. Finally, Susquehanna upped their target price on DNOW from $11.00 to $13.00 and gave the company a “neutral” rating in a report on Friday, February 16th.
Check Out Our Latest Research Report on DNOW
DNOW Company Profile
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.
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