DNOW (NYSE:DNOW) Announces Earnings Results, Beats Expectations By $0.02 EPS

DNOW (NYSE:DNOWGet Free Report) announced its earnings results on Thursday. The oil and gas company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02, Briefing.com reports. DNOW had a net margin of 9.70% and a return on equity of 9.93%. The firm had revenue of $606.00 million for the quarter, compared to analyst estimates of $614.92 million. During the same quarter last year, the business earned $0.25 earnings per share. DNOW’s revenue was up 3.1% compared to the same quarter last year.

DNOW Stock Up 3.7 %

Shares of DNOW stock traded up $0.51 during mid-day trading on Friday, reaching $14.25. The company’s stock had a trading volume of 477,166 shares, compared to its average volume of 934,372. The company’s 50 day simple moving average is $12.44 and its 200-day simple moving average is $13.32. DNOW has a 12-month low of $9.44 and a 12-month high of $15.65. The firm has a market capitalization of $1.52 billion, a PE ratio of 6.64 and a beta of 1.45.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DNOW. Susquehanna decreased their target price on shares of DNOW from $15.00 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday, July 11th. Stifel Nicolaus increased their price target on shares of DNOW from $16.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Finally, StockNews.com raised shares of DNOW from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th.

Check Out Our Latest Stock Analysis on DNOW

About DNOW

(Get Free Report)

DNOW Inc distributes downstream energy and industrial products for petroleum refining, chemical processing, LNG terminals, power generation utilities, and customer on-site locations in the United States, Canada, and internationally. The company provides consumable maintenance, repair, and operating supplies; pipes, manual and automated valves, fittings, flanges, gaskets, fasteners, electrical instrumentations, artificial lift, pumping solutions, valve actuation and modular process, and measurement and control equipment; and mill supplies, tools, safety supplies, and personal protective equipment, as well as artificial lift systems, coatings, and miscellaneous expendable items.

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Earnings History for DNOW (NYSE:DNOW)

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