Short Term Rating on NOW (DNOW)

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) : The highest level NOW (DNOW) is projected to reach is $19 for the short term and the lowest estimate is at $14. The consolidated price target from 5 rating analysts who initiate coverage on the stock is $16.2 and the possibility the share price can swing is $1.92.

Company shares have received an average consensus rating of Hold for the current week


NOW (NYSE:DNOW): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $19.75 and $19.55 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $20.25. The buying momentum continued till the end and the stock did not give up its gains. It closed at $20.15, notching a gain of 3.65% for the day. The total traded volume was 1,697,424 . The stock had closed at $19.44 on the previous day.

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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