NOW Inc (NYSE:DNOW) – Equities researchers at Seaport Global Securities raised their Q1 2018 earnings per share estimates for shares of NOW in a research note issued on Thursday. Seaport Global Securities analyst W. Liptak now forecasts that the oil and gas company will post earnings of $0.01 per share for the quarter, up from their previous forecast of ($0.04). Seaport Global Securities has a “Buy” rating on the stock. Seaport Global Securities also issued estimates for NOW’s Q3 2018 earnings at $0.07 EPS and Q1 2019 earnings at $0.16 EPS.
NOW (NYSE:DNOW) last posted its earnings results on Wednesday, February 14th. The oil and gas company reported $0.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.08. NOW had a negative return on equity of 2.46% and a negative net margin of 1.96%. The firm had revenue of $669.00 million during the quarter, compared to analyst estimates of $690.62 million. During the same period in the previous year, the company earned ($0.29) EPS. The company’s revenue for the quarter was up 24.3% on a year-over-year basis.
NOW (NYSE:DNOW) opened at $9.75 on Monday. NOW has a 1-year low of $9.12 and a 1-year high of $20.79. The company has a market capitalization of $1,050.00, a P/E ratio of -20.31 and a beta of 0.84. The company has a current ratio of 2.87, a quick ratio of 1.39 and a debt-to-equity ratio of 0.14.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in shares of NOW by 6.0% during the third quarter. Dimensional Fund Advisors LP now owns 4,788,397 shares of the oil and gas company’s stock valued at $66,127,000 after purchasing an additional 272,430 shares during the period. GMT Capital Corp bought a new stake in shares of NOW during the third quarter valued at approximately $3,610,000. Vanguard Group Inc. increased its position in shares of NOW by 1.7% during the second quarter. Vanguard Group Inc. now owns 8,936,076 shares of the oil and gas company’s stock valued at $143,693,000 after purchasing an additional 148,959 shares during the period. Wells Fargo & Company MN increased its position in shares of NOW by 2.9% during the third quarter. Wells Fargo & Company MN now owns 853,511 shares of the oil and gas company’s stock valued at $11,787,000 after purchasing an additional 24,348 shares during the period. Finally, General American Investors Co. Inc. increased its position in shares of NOW by 59.3% during the third quarter. General American Investors Co. Inc. now owns 554,204 shares of the oil and gas company’s stock valued at $7,654,000 after purchasing an additional 206,275 shares during the period.
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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