NOW (DNOW) Given Media Sentiment Score of 0.10
News headlines about NOW (NYSE:DNOW) have trended somewhat positive on Wednesday, according to Accern. The research firm identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. NOW earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave media stories about the oil and gas company an impact score of 45.766876448921 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the news articles that may have impacted Accern’s scoring:
- NOW Inc. (NYSE:DNOW) Stock Closed -16.5% Below Its 50 Day Average – Modern Readers (modernreaders.com)
- NOW Inc. (NYSE:DNOW) Stock Traded Significantly Below Its 50 Day Moving Average (highlightpress.com)
- Downtrend Call Working As Now Inc Stock Falls 30.3% (DNOW) (mysmartrend.com)
- ETFs with exposure to NOW, Inc. : August 28, 2017 (finance.yahoo.com)
- NOW Inc. (NYSE:DNOW) Stock Closed Much Lower Than Its 50 Day Moving Average (highlightpress.com)
Shares of NOW (DNOW) traded up 0.17% during midday trading on Wednesday, hitting $11.51. The company’s stock had a trading volume of 900,833 shares. The firm has a 50-day moving average of $14.14 and a 200 day moving average of $16.70. The firm’s market cap is $1.24 billion. NOW has a 12-month low of $11.31 and a 12-month high of $23.53.
NOW (NYSE:DNOW) last issued its earnings results on Wednesday, August 2nd. The oil and gas company reported ($0.10) earnings per share for the quarter, hitting the consensus estimate of ($0.10). The business had revenue of $651 million for the quarter, compared to analyst estimates of $674.97 million. NOW had a negative return on equity of 7.83% and a negative net margin of 7.14%. The business’s quarterly revenue was up 29.9% on a year-over-year basis. During the same period last year, the company posted ($0.40) EPS. On average, equities research analysts predict that NOW will post ($0.24) EPS for the current fiscal year.
Several research firms have recently weighed in on DNOW. Zacks Investment Research downgraded NOW from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. BidaskClub downgraded NOW from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. Credit Suisse Group set a $15.00 price objective on NOW and gave the company a “hold” rating in a research report on Friday, August 4th. KeyCorp reaffirmed an “overweight” rating and issued a $22.00 price objective on shares of NOW in a research report on Friday, May 26th. Finally, Seaport Global Securities raised NOW from a “neutral” rating to a “buy” rating and upped their price objective for the company from $20.00 to $22.00 in a research report on Thursday, May 4th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $19.30.
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NOW Company Profile
NOW Inc (NOW) is a global distributor to the oil and gas and industrial markets. The Company operates under the DistributionNOW and Wilson Export brands. Its segments include the United States, Canada and International. As of December 31, 2016, its segments, the United States, Canada and International, had over 200, 55 and 35 locations, respectively.
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