Northland Securities analyst Douglas Becker maintained a Buy rating on Now (DNOW) today and set a price target of $10.00. The company’s shares closed last Tuesday at $4.55, close to its 52-week low of $4.03.
According to TipRanks.com, Becker is a 3-star analyst with an average return of 4.6% and a 22.6% success rate. Becker covers the Industrial Goods sector, focusing on stocks such as Baker Hughes Company, Chart Industries, and Schlumberger.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Now with a $8.33 average price target.
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Based on Now’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $370 million and GAAP net loss of $30 million. In comparison, last year the company earned revenue of $776 million and had a net profit of $14 million.
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NOW, Inc. is a holding company, which engages in the distribution of energy products for industrial applications. It operates through the following segments: United States, Canada, and International. The United States segment serves the upstream, midstream and downstream energy, and industrial markets. The Canada segment covers energy exploration, production, drilling, and midstream business. The International segment represents the energy exploration, production, and drilling business. The company was founded on November 22, 2013 and is headquartered in Houston, TX.
