Stock of the Day: NOW Inc. (NYSE:DNOW) Quarterly Sentiment Report

November 29, 2016 - By kentuckypostne   ·   0 Comments

Stock of the Day: NOW Inc. (NYSE:DNOW) Quarterly Sentiment Report

Sentiment for NOW Inc. (NYSE:DNOW)

NOW Inc. (NYSE:DNOW) institutional sentiment decreased to 0.95 in Q2 2016. Its down -0.02, from 0.97 in 2016Q1. The ratio has worsened, as 116 hedge funds opened new or increased equity positions, while 119 reduced and sold their holdings in NOW Inc.. The hedge funds in our partner’s database now hold: 105.81 million shares, up from 104.32 million shares in 2016Q1. Also, the number of hedge funds holding NOW Inc. in their top 10 equity positions decreased from 2 to 1 for a decrease of 1. Sold All: 35 Reduced: 84 Increased: 88 New Position: 28.

NOW Inc. is a global distributor to energy and industrial markets. The company has a market cap of $2.18 billion. The Firm operates primarily under the DistributionNOW and Wilson Export brands. It currently has negative earnings. The Firm operates through three divisions: United States (U.S.), Canada and International.

The stock decreased 2.95% or $0.62 during the last trading session, hitting $20.37. NOW Inc (NYSE:DNOW) has risen 13.86% since April 26, 2016 and is uptrending. It has outperformed by 8.60% the S&P500.

Analysts await NOW Inc (NYSE:DNOW) to report earnings on February, 28. They expect $-0.36 EPS, down 44.00% or $0.11 from last year’s $-0.25 per share. After $-0.34 actual EPS reported by NOW Inc for the previous quarter, Wall Street now forecasts 5.88% negative EPS growth.

According to Zacks Investment Research, “NOW Inc. is a distributor to the energy and industrial sectors. It stocks and sells a comprehensive offering of products for the upstream, midstream, and downstream & industrial market segments. The Company offers stock keeping units, including pipe, valves and valve automation, fittings, instrumentation, mill and industrial supplies, tools, safety supplies, electrical products, drilling and production equipment, fabricated equipment, and industrial paints and coatings. NOW also provides supply chain management solutions to energy and industrial manufacturing companies around the world. It operates primarily under the DistributionNOW and Wilson Export brands. NOW Inc. is headquartered in Houston, Texas.”

Arlington Value Capital Llc holds 9.29% of its portfolio in NOW Inc for 4.62 million shares. Sandhill Capital Partners Llc owns 670,942 shares or 3.81% of their US portfolio. Moreover, Ensemble Capital Management Llc has 3.55% invested in the company for 675,155 shares. The California-based Hutchinson Capital Management Ca has invested 3.2% in the stock. Asset Management Advisors Llc, a Oklahoma-based fund reported 170,000 shares.#img1#

NOW Inc (NYSE:DNOW) Ratings Coverage

Ratings analysis reveals 0 of Now Inc’s analysts are positive. Out of 7 Wall Street analysts rating Now Inc, 0 give it “Buy”, 0 “Sell” rating, while 7 recommend “Hold”. The lowest target is $12 while the high is $20. The stock’s average target of $18.20 is -10.65% below today’s ($20.37) share price. DNOW was included in 8 notes of analysts from August 6, 2015. The firm has “Neutral” rating given on Wednesday, February 24 by JP Morgan. Credit Suisse initiated NOW Inc (NYSE:DNOW) rating on Tuesday, September 15. Credit Suisse has “Neutral” rating and $20 price target. The rating was initiated by Cowen & Co on Friday, September 16 with “Market Perform”. Stephens downgraded the stock to “Equal Weight” rating in Thursday, August 6 report. The rating was initiated by KeyBanc Capital Markets with “Sector Weight” on Friday, December 18.

DNOW Company Profile

NOW Inc. (NOW), incorporated on November 22, 2013, is a global distributor to energy and industrial markets. The Firm operates primarily under the DistributionNOW and Wilson Export brands. The Firm operates through three divisions: United States (U.S.), Canada and International. Through its network of over 300 locations across the world, it stocks and sells an offering of energy products, as well as a selection of products for industrial applications. The Company’s energy product offering is consumed throughout all sectors of the gas and oil industry from upstream drilling and completion, exploration and production (E&P), midstream infrastructure development to downstream petroleum refining, as well as in other industries, such as chemical processing, utilities and industrial manufacturing operations. The industrial distribution portion of its business targets a range of end markets, including manufacturing, engineering and construction and refineries. The Firm also provides supply chain management to drilling contractors, E&P operators, midstream operators and downstream energy, and industrial manufacturing companies around the world.

More important recent NOW Inc (NYSE:DNOW) news were published by: Fool.com which released: “NOW Inc.’s Results Bounce Off the Bottom” on November 02, 2016, also Fool.com published article titled: “NOW Inc’s Stock Slumps Despite Improving Financial Results”, Businesswire.com published: “NOW Inc. Announces Third Quarter 2016 Results” on November 02, 2016. More interesting news about NOW Inc (NYSE:DNOW) was released by: Reuters.com and their article: “BRIEF-NOW Inc announces third quarter 2016 results” with publication date: November 02, 2016.

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