2 weeks Ago By ABMN Staff
DNOW Inc. ( NYSE:DNOW – Get Free Report ) saw a significant decline in short interest in the month of September. As of September 15th, there was short interest totalling 3,890,000 shares, a decline of 7.
6% from the August 31st total of 4,210,000 shares. Currently, 3.7% of the company’s shares are sold short.
Based on an average daily trading volume, of 845,000 shares, the days-to-cover ratio is currently 4.6 days. DNOW Stock Performance Shares of NYSE DNOW traded down $0.
31 during midday trading on Tuesday, reaching $12.62. 829,600 shares of the company’s stock were exchanged, compared to its average volume of 965,062.
The business’s fifty day moving average price is $13.08 and its two-hundred day moving average price is $13.80.
DNOW has a 52-week low of $9.44 and a 52-week high of $15.65.
The stock has a market capitalization of $1.35 billion, a PE ratio of 5.82 and a beta of 1.
43. DNOW ( NYSE:DNOW – Get Free Report ) last issued its quarterly earnings results on Wednesday, August 7th. The oil and gas company reported $0.
25 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.01).
DNOW had a return on equity of 9.93% and a net margin of 9.70%.
The company had revenue of $633.00 million for the quarter, compared to the consensus estimate of $638.20 million.
Analysts predict that DNOW will post 0.86 earnings per share for the current fiscal year. Hedge Funds Weigh In On DNOW Analysts Set New Price Targets Several research firms have recently issued reports on DNOW.
Susquehanna dropped their price objective on shares of DNOW from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, July 11th.
Stifel Nicolaus raised their price objective on DNOW from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, July 18th.
Finally, StockNews.com raised DNOW from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. Read Our Latest Research Report on DNOW DNOW Company Profile ( Get Free Report ) 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. Recommended Stories Receive News & Ratings for DNOW Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DNOW and related companies with MarketBeat.com's FREE daily email newsletter .
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