DNOW Inc. (NYSE:DNOW – Get Free Report) shares hit a new 52-week high during mid-day trading on Monday after Susquehanna raised their price target on the stock from $13.00 to $16.00. Susquehanna currently has a neutral rating on the stock. DNOW traded as high as $15.54 and last traded at $15.53, with a volume of 217319 shares traded. The stock had previously closed at $15.16.
DNOW has been the subject of a number of other research reports. Stifel Nicolaus upped their price objective on shares of DNOW from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. StockNews.com lowered shares of DNOW from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 28th.
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DNOW Stock Performance
The business has a 50-day simple moving average of $13.33 and a 200 day simple moving average of $11.71. The firm has a market cap of $1.62 billion, a P/E ratio of 6.73 and a beta of 1.48.
DNOW (NYSE:DNOW – Get Free Report) last posted its earnings results 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 for the quarter, compared to analysts’ expectations of $540.83 million. DNOW had a return on equity of 11.60% and a net margin of 10.64%. The business’s revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.25 earnings per share. On average, research analysts expect that DNOW Inc. will post 1.02 EPS for the current year.
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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