Positive Media Coverage Very Unlikely to Affect NOW (DNOW) Share Price

News articles about NOW (NYSE:DNOW) have trended positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. NOW earned a coverage optimism score of 0.28 on Accern’s scale. Accern also gave news 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 near future.

These are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:

Several analysts recently commented on the company. Stifel Nicolaus reaffirmed a “buy” rating on shares of NOW in a report on Friday. Cowen and Company cut their price objective on NOW from $22.00 to $19.00 and set a “market perform” rating for the company in a report on Tuesday, April 11th. Seaport Global Securities lowered NOW from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $22.00 to $17.00 in a report on Wednesday, June 21st. KeyCorp reaffirmed an “overweight” rating and issued a $22.00 price objective on shares of NOW in a report on Friday, May 26th. Finally, Robert W. Baird raised NOW from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $20.00 to $22.00 in a report on Wednesday, April 26th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $20.00.

NOW (NYSE:DNOW) traded up 1.75% during mid-day trading on Monday, reaching $16.28. The company’s stock had a trading volume of 214,814 shares. The stock has a 50-day moving average price of $16.98 and a 200-day moving average price of $18.71. The company’s market capitalization is $1.75 billion. NOW has a one year low of $14.96 and a one year high of $23.53.

NOW (NYSE:DNOW) last posted its earnings results on Wednesday, May 3rd. The oil and gas company reported ($0.15) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.23) by $0.08. NOW had a negative return on equity of 10.27% and a negative net margin of 8.86%. The firm had revenue of $631 million for the quarter, compared to analysts’ expectations of $605.07 million. During the same period last year, the firm earned ($0.35) EPS. The company’s quarterly revenue was up 15.1% on a year-over-year basis. Equities research analysts forecast that NOW will post ($0.25) EPS for the current year.

In other NOW news, Director James Crandell bought 5,000 shares of the company’s stock in a transaction dated Thursday, May 25th. The shares were purchased at an average cost of $17.53 per share, for a total transaction of $87,650.00. Following the transaction, the director now directly owns 22,562 shares of the company’s stock, valued at $395,511.86. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 3.30% of the stock is owned by company insiders.

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NOW Company Profile

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.

Insider Buying and Selling by Quarter for NOW (NYSE:DNOW)

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