Media stories about NOW (NYSE:DNOW) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. NOW earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned media headlines about the oil and gas company an impact score of 46.7572743351138 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media headlines that may have effected Accern Sentiment’s rankings:
- Now Let’s Say Goodbye to Toys R Us Forever: a 2-Minute Requiem (inc.com)
- BRIEF-Zscaler Now Sees IPO Of Up To 12 Mln Shares (reuters.com)
- Now you can direct deposit your paycheck with Square (bizjournals.com)
- Senate bill to toughen gun background checks now filibuster-proof (upi.com)
- We Leaned In. Now What? (bloomberg.com)
A number of brokerages have recently issued reports on DNOW. Stifel Nicolaus reiterated a “buy” rating and set a $12.50 price objective on shares of NOW in a report on Thursday, December 14th. Zacks Investment Research cut shares of NOW from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. ValuEngine cut shares of NOW from a “sell” rating to a “strong sell” rating in a report on Friday, February 2nd. Seaport Global Securities upgraded shares of NOW from a “neutral” rating to a “buy” rating in a report on Thursday, February 15th. They noted that the move was a valuation call. Finally, Cowen reduced their price objective on shares of NOW from $10.00 to $9.00 and set a “market perform” rating for the company in a report on Thursday, February 15th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $12.50.
NOW (NYSE:DNOW) last released its quarterly earnings results on Wednesday, February 14th. The oil and gas company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.08. NOW had a negative net margin of 1.96% and a negative return on equity of 2.46%. The company had revenue of $669.00 million for the quarter, compared to analyst estimates of $690.62 million. During the same period last year, the firm earned ($0.29) earnings per share. The firm’s revenue was up 24.3% on a year-over-year basis. analysts predict that NOW will post 0.07 earnings per share for the current year.
In other news, CEO Robert R. Workman purchased 28,550 shares of the company’s stock in a transaction that occurred on Tuesday, March 6th. The shares were bought at an average cost of $10.51 per share, with a total value of $300,060.50. Following the completion of the transaction, the chief executive officer now directly owns 583,616 shares of the company’s stock, valued at $6,133,804.16. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.50% of the stock is owned by company 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.
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