NOW (NYSE:DNOW) has received a short term rating of sell from experts at Zacks with a rank of 4. The stock has been rated an average of 3 by 6 Brokerage Firm. 6 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. JP Morgan maintains its rating on NOW (NYSE:DNOW). The global brokerage major raises the current price target from $12 per share to $14 per share. Analysts at the JP Morgan have a current rating of Neutral on the shares. The rating by the firm was issued on May 5, 2016.
NOW (NYSE:DNOW): The stock price is expected to reach $ 16.2 in the short term. The number of analysts agreeing with this consensus is 5. The higher estimate for the short term price target is at $19 while the lower estimate is at $14. The standard deviation of the price stands at $1.92.
Tuesdays trading session turned out to be a no-profit no-loss event for NOW (NYSE:DNOW). The opening trade occurred at $18.77 and the highest and the lowest points of the day were $18.94 and $18.63 respectively. The final trade was registered at $18.82 and the volume by the end of the day had touched 1,284,228 shares. The 52-week high of the stock is $22.175 and the 52-week low is $12.03. According to the current valuation, the market cap of the company is $2,022 million and the total number of shares available in public circulation is 107,426,047.
Shares of NOW Inc. rose by 1.89% in the last five trading days and 11.49% for the last 4 weeks. NOW Inc. is up 1.62% in the last 3-month period. Year-to-Date the stock performance stands at 18.96%.
NOW Inc. (NOW) is a global distributor to energy and industrial markets. The Company operates through three segments: United States (U.S.), Canada and International. The Company operates primarily under the DistributionNOW and Wilson Export brands. Its energy product offering is needed throughout all sectors of the oil and gas industry, from upstream drilling and completion, exploration and production (E&P), midstream infrastructure development to downstream petroleum refining, as well as in other industries. It also provides supply chain management to drilling contractors, E&P operators, midstream operators, downstream energy and industrial manufacturing companies around the world. The Companys global product offering includes consumable maintenance, repair and operating (MRO) supplies, pipe, valves, fittings, flanges, electrical, artificial lift solutions, mill tools, safety supplies and spare parts to support customers operations.