NOW (DNOW) Receives Price Target

NOW (DNOW) stock is expected to deviate a maximum of $1.15 from the average target price of $19.67 for the short term period. 3 Street Experts have initiated coverage on the stock with the most promising target being $21 and the most muted being $19.

NOW (DNOW) : Zacks Investment Research ranks NOW (DNOW) as 3, which is a Hold recommendation. A total of 5 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 5 research analysts is 3, which indicates as a Hold.


NOW (NYSE:DNOW): The stock opened at $20.57 on Thursday but the bulls could not build on the opening and the stock topped out at $20.84 for the day. The stock traded down to $20.17 during the day, due to lack of any buying support eventually closed down at $20.35 with a loss of -1.41% for the day. The stock had closed at $20.64 on the previous day. The total traded volume was 849,500 shares.

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.

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