NOW (DNOW) : 6 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on NOW (DNOW). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 6 Wall Street Analysts endorse the stock as a Hold with a rating of 3.
NOW (DNOW) : 4 investment research analysts covering NOW (DNOW) have an average price target of $18.25 for the near short term. The highest target price given by the Brokerage Firm to the stock is $21 and the lowest target is $14 for the short term. Analysts expect the variance to be within $2.99 of the average price.
Company shares have received an average consensus rating of Hold for the current week NOW (NYSE:DNOW): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $21.00 and $20.94 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $21.15. The buying momentum continued till the end and the stock did not give up its gains. It closed at $21.03, notching a gain of 0.24% for the day. The total traded volume was 650,288 . The stock had closed at $20.98 on the previous day.
In a related news, Workman Robert R, CEO of Now Inc., executed a transaction worth $157,080 on November 7, 2014. A total of 5,610 shares were purchased at an average price of $28. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
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.