Ultime notizie per Dnow (NYSE:DNOW) Azioni

Dnow

Dnow Inc is a company engaged in world-wide supplying of energy and industrial products and packaged, engineered process and production equipment with a legacy of over one sixty years. It offers a broad set of supply chain solutions combined with a suite of digital solutions branded as DigitalNOW that provide customers world-class technology for digital commerce, data and information management. Its locations provide products and solutions to exploration and production companies, midstream transmission and storage companies, refineries, chemical companies, utilities, mining, municipal water, manufacturers, engineering and construction companies as well as companies operating in the decarbonization, energy transition and renewables end markets.

Dnow Inc

DNOW ORD

Dnow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DNOW#NYSE">DNOW</a>) reported quarterly earnings of $0.25 per share which beat the analyst consensus estimate of $0.24 by 4.17 percent. The company reported quarterly sales of $633.000 million which beat the analyst consensus estimate of $632.500 million by 0.08 percent. This is a 6.57 percent increase over sales of $594.000 million the same period last year.

Earnings

Earnings Beats

News

DNOW

Dnow Q2 2024 Adj. EPS $0.25 Beats $0.24 Estimate, Sales $633.000M Beat $632.500M Estimate

Stifel analyst Nathan Jones maintains Dnow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DNOW#NYSE">DNOW</a>) with a Buy and raises the price target from $16 to $17.

Price Target

Analyst Ratings

Stifel Maintains Buy on Dnow, Raises Price Target to $17

Susquehanna analyst Charles Minervino maintains Dnow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DNOW#NYSE">DNOW</a>) with a Neutral and lowers the price target from $15 to $14.

Susquehanna Maintains Neutral on Dnow, Lowers Price Target to $14

5 analysts have shared their evaluations of Dnow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DNOW#NYSE">DNOW</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated Dnow and provided 12-month price targets. The average target is $15.6, accompanied by a high estimate of $18.00 and a low estimate of $13.00. This upward trend is evident, with the current average reflecting a 11.43% increase from the previous average price target of $14.00.
<img src="https://www.benzinga.com/files/images/story/2024/1715608833_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
The standing of Dnow among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Charles Minervino</td>
<td>Susquehanna</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$15.00</td>
<td>$16.00</td>
</tr>
<tr>
<td>Charles Minervino</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Neutral</td>
<td>$16.00</td>
<td>$13.00</td>
</tr>
<tr>
<td>Nathan Jones</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$18.00</td>
<td>$16.00</td>
</tr>
<tr>
<td>Nathan Jones</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$16.00</td>
<td>$14.00</td>
</tr>
<tr>
<td>Charles Minervino</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Neutral</td>
<td>$13.00</td>
<td>$11.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Dnow. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Dnow compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Dnow's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Dnow's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/DNOW/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Dnow analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Get to Know Dnow Better</h2>
Dnow Inc is a company engaged in world-wide supplying of energy and industrial products and packaged, engineered process and production equipment with a legacy of over one sixty years. It offers a broad set of supply chain solutions combined with a suite of digital solutions branded as DigitalNOW that provide customers world-class technology for digital commerce, data and information management. Its locations provide products and solutions to exploration and production companies, midstream transmission and storage companies, refineries, chemical companies, utilities, mining, municipal water, manufacturers, engineering and construction companies as well as companies operating in the decarbonization, energy transition and renewables end markets.
<h3>Breaking Down Dnow's Financial Performance</h3>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Revenue Growth: Dnow's revenue growth over a period of 3 months has been noteworthy. As of 31 December, 2023, the company achieved a revenue growth rate of approximately 1.46%. This indicates a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 26.13%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Dnow's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 14.77% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Dnow's ROA stands out, surpassing industry averages. With an impressive ROA of 9.98%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: With a below-average debt-to-equity ratio of 0.04, Dnow adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Glimpse Into The Expert Outlook On Dnow Through 5 Analysts

Susquehanna analyst Charles Minervino maintains Dnow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DNOW#NYSE">DNOW</a>) with a Neutral and lowers the price target from $16 to $15.

Susquehanna Maintains Neutral on Dnow, Lowers Price Target to $15

The CNN Money Fear and Greed index remained in the &#8220;Neutral&#8221; zone on Friday.
U.S. stocks settled mostly higher on Friday, with the Dow Jones index recording gains for the eighth straight session and notching its best week of the year.
U.S. major indices also recorded gains last week, with the Dow gaining 2.16% to record its fourth positive week in a row. The S&amp;P 500 gained 1.85%, gaining for the third straight week.
Shares of Sweetgreen, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SG#NASDAQ">SG</a>) jumped around 34% on Friday after the company reported better-than-expected first-quarter sales results. DNOW Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DNOW#NYSE">DNOW</a>) shares tumbled over 10% after the company posted weaker-than-expected first-quarter financial results on Friday.
On the economic data front, the University of Michigan consumer sentiment declined to 67.4 in May versus 77.2 in the prior month, recording the weakest level in six months. However, markets were expecting a reading of 76. Data on April's consumer price index will be released this week.
Most sectors on the S&amp;P 500 closed on a positive note, with consumer staples, information technology and financial stocks recording the biggest gains on Friday. However, consumer discretionary and energy stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by around 125 points to 39,512.84 on Friday. The S&amp;P 500 rose 0.16% at 5,222.68, while the Nasdaq Composite slipped 0.03% at 16,340.87 during Friday's session.
Investors are awaiting earnings results from Paysafe Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSFE#NYSE">PSFE</a>), StoneCo Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STNE#NASDAQ">STNE</a>), and Tencent Music Entertainment Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TME#NYSE">TME</a>) today.
At a current reading of 47.5, the index remained in the &#8220;Neutral&#8221; zone on Friday, versus a prior reading of 47.7.
What is CNN Business Fear &amp; Greed Index?
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: <a href="https://www.benzinga.com/news/24/05/38759538/how-to-earn-500-a-month-from-home-depot-stock-ahead-of-q1-earnings">How To Earn $500 A Month From Home Depot Stock Ahead Of Q1 Earnings</a>

Pre-Market Outlook

Markets

Trading Ideas

PSFE

STNE

Fear & Greed Index In 'Neutral' Zone; Dow Records Gains For 8th Session

U.S. stocks traded higher this morning, with the Dow Jones index jumping over 100 points on Friday.
Following the market opening Friday, the Dow traded up 0.33% to 39,516.53 while the NASDAQ rose 0.43% to 16,416.55. The S&amp;P 500 also rose, gaining, 0.38% to 5,233.70.
Check This Out: <a href="https://www.benzinga.com/news/24/05/38759507/top-3-industrials-stocks-that-may-collapse-this-month">Top 3 Industrials Stocks That May Collapse This Month</a> 
Leading and Lagging Sectors Information technology shares rose by 1% on Friday.
In trading on Friday, communication services shares fell by 0.2%.
Top Headline
DNOW Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DNOW#NYSE">DNOW</a>) posted weaker-than-expected first-quarter financial results on Friday.
DNOW posted adjusted earnings of 21 cents per share, missing market estimates of 23 cents per share. The company's quarterly sales came in at $563.000 million, versus expectations of $569.150 million.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Novavax, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVAX#NASDAQ">NVAX</a>) shares shot up 128% to $10.18 after the company and Sanofi announced a co-exclusive licensing agreement to commercialize a COVID-19 vaccine and develop COVID-influenza combination vaccines.</li>
<li>Shares of iTeos Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ITOS#NASDAQ">ITOS</a>) got a boost, surging 41% to $17.18 after the company announced a $120 million registered direct offering and reported Q1 financial results.</li>
<li>AEye, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIDR#NASDAQ">LIDR</a>) shares were also up, gaining 45% to $1.70 after the company disclosed a partnership with LITEON Technology Corporation.</li>
</ul>
Equities Trading DOWN
<ul>
<li>MacroGenics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGNX#NASDAQ">MGNX</a>) shares dropped 72% to $4.15 after the company reported worse-than-expected first-quarter financial results.</li>
<li>Shares of Evolv Technologies Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVLV#NASDAQ">EVLV</a>) were down 42% to $2.2250 after the company reported worse-than-expected first-quarter financial results and lowered its FY24 sales guidance below estimates.</li>
<li>Greenwave Technology Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GWAV#NASDAQ">GWAV</a>) was down, falling 31% to $0.0480.</li>
</ul>
Also Check This Out: <a href="https://www.benzinga.com/news/24/05/38759538/how-to-earn-500-a-month-from-home-depot-stock-ahead-of-q1-earnings">How To Earn $500 A Month From Home Depot Stock Ahead Of Q1 Earnings</a> 
Commodities In commodity news, oil traded up 0.8% to $79.88 while gold traded up 1.7% at $2,381.10.
Silver traded up 1.8% to $28.87 on Friday, while copper rose 2.2% to $4.6850.
Euro zone
European shares were higher today. The eurozone's STOXX 600 rose 0.8%, Germany's DAX rose 0.5% and France's CAC 40 gained 0.7%. Spain's IBEX 35 Index rose 0.6%, while London's FTSE 100 rose 0.7%.
Industrial production in Italy declined by 0.5% month-over-month in March compared to a revised flat reading in the prior month.
The GDP in the UK expanded 0.4% month-over-month in March compared to revised 0.2% gain in February. UK&#8217;s trade deficit shrank to £1.098 billion in March versus a revised £1.478 billion in the previous month. Industrial production in the UK climbed 0.2% month-over-month during March.
Asia Pacific Markets
Asian markets closed higher on Friday, with Japan's Nikkei gaining 0.41%, China's Composite Index gaining 0.01%, Hong Kong's Hang Seng Index gaining 2.30% and India's S&amp;P BSE Sensex gaining 0.36%.
The gauge for Japan's service sector fell to 47.4 in April from 49.8 in the prior month, while value of loans in Japan rose 3.1% year-over-year in April. Japanese current account surplus widened to JPY 3,398.8 billion in March versus JPY 2,360.0 billion in the year-ago month.
Economics
Data on consumer sentiment will be released today.
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Eurozone

Commodities

EVLV

GWAV

ITOS

LIDR

MGNX

NVAX

Dow Jumps Over 100 Points; DNOW Posts Downbeat Earnings

<h3>Gainers</h3>
<ul>
<li>Getaround (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GETR#NYSE">GETR</a>) stock moved upwards by 20.8% to $0.24 during Friday's pre-market session. The market value of their outstanding shares is at $22.8 million. As per the news, the Q1 earnings report came out yesterday. </li>
<li>Nuburu (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/BURU#AMEX">BURU</a>) stock rose 10.63% to $0.16. The market value of their outstanding shares is at $6.0 million. </li>
<li>Microvast Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MVST#NASDAQ">MVST</a>) shares rose 10.58% to $0.48. The market value of their outstanding shares is at $152.3 million. As per the press release, Q1 earnings came out yesterday. </li>
<li>Array Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARRY#NASDAQ">ARRY</a>) stock increased by 9.83% to $13.74. The company's market cap stands at $2.0 billion. The company's, Q1 earnings came out yesterday. </li>
<li>AERWINS Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AWIN#NASDAQ">AWIN</a>) shares increased by 7.14% to $3.0. The market value of their outstanding shares is at $2.7 million. </li>
<li>SOS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOS#NYSE">SOS</a>) shares moved upwards by 6.95% to $1.23. The market value of their outstanding shares is at $21.5 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Flux Power Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLUX#NASDAQ">FLUX</a>) stock fell 23.6% to $3.5 during Friday's pre-market session. The company's market cap stands at $57.8 million. As per the press release, Q3 earnings came out yesterday. </li>
<li>Greenwave Tech Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GWAV#NASDAQ">GWAV</a>) stock fell 19.75% to $0.06. The market value of their outstanding shares is at $8.4 million. </li>
<li>Pineapple Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEGY#NASDAQ">PEGY</a>) stock decreased by 18.77% to $0.06. The company's market cap stands at $5.3 million. As per the news, the Q1 earnings report came out yesterday. </li>
<li>iSun (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISUN#NASDAQ">ISUN</a>) shares decreased by 9.6% to $0.16. </li>
<li>FTC Solar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTCI#NASDAQ">FTCI</a>) shares decreased by 7.28% to $0.51. The market value of their outstanding shares is at $64.2 million. The company's, Q1 earnings came out today. </li>
<li>Dnow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DNOW#NYSE">DNOW</a>) stock declined by 6.93% to $13.84. The company's market cap stands at $1.5 billion. As per the news, the Q1 earnings report came out today. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Movers

ARRY

AWIN

BURU

FLUX

FTCI

GETR

ISUN

MVST

PEGY

12 Industrials Stocks Moving In Friday's Pre-Market Session

NOW (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DNOW#NYSE">DNOW</a>) reported quarterly earnings of $0.21 per share which missed the analyst consensus estimate of $0.23 by 8.7 percent. The company reported quarterly sales of $563.000 million which missed the analyst consensus estimate of $569.150 million by 1.08 percent. This is a 3.60 percent decrease over sales of $584.000 million the same period last year.

Earnings Misses

NOW Q1 2024 Adj EPS $0.21 Misses $0.23 Estimate, Sales $563.000M Miss $569.150M Estimate

With U.S. stock futures trading higher this morning on Friday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects DNOW Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DNOW#NYSE">DNOW</a>) to report quarterly earnings at 23 cents per share on revenue of $569.15 million before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. DNOW shares rose 0.9% to $15.00 in after-hours trading.</li>
<li>Array Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARRY#NASDAQ">ARRY</a>) reported stronger-than-expected financial results for the first quarter on Thursday. The company posted adjusted earnings of 6 cents per share, versus market expectations for a loss of 3 cents per share. Array Technologies shares 9.5% to $13.70 in the after-hours trading session.</li>
<li>Analysts are expecting Enbridge Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENB#NYSE">ENB</a>) to post quarterly earnings at 60 cents per share on revenue of $8.95 billion. The company will release earnings before the markets open. Enbridge shares gained 0.4% to $37.50 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Funko, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FNKO#NASDAQ">FNKO</a>) reported better-than-expected first-quarter earnings and issued strong earnings forecast for the second quarter. The company also appointed Cynthia Williams as its Chief Executive Officer, effective May 20. Funko shares jumped 12.2% to $7.65 in the after-hours trading session.</li>
<li>Analysts expect Hawaiian Electric Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HE#NYSE">HE</a>) to post quarterly earnings at 54 cents per share on revenue of $943.44 million after the closing bell. Hawaiian Electric shares rose 1.7% to $10.41 in after-hours trading.</li>
</ul>
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FNKO

Enbridge, Funko And 3 Stocks To Watch Heading Into Friday

The CNN Money Fear and Greed index showed further improvement in the overall market sentiment, but the index remained in the &#8220;Fear&#8221; zone on Thursday.
U.S. stocks settled higher on Thursday, with the Dow Jones index recording gains for the seventh straight session.
Roblox Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>) posted better-than-expected first-quarter financial results, but issued weak guidance. Airbnb, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>) shares dipped around 7% on Thursday after the company reported first-quarter financial results.
On the economic data front, U.S. initial jobless claims increased by 22,000 to 231,000 on the week ending May 4, higher than market estimates of 210,000.
Most sectors on the S&amp;P 500 closed on a positive note, with utilities, real estate and energy stocks recording the biggest gains on Thursday. However, information technology stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by around 331 points to 39,387.76 on Thursday. The S&amp;P 500 rose 0.51% at 5,214.08, while the Nasdaq Composite rose 0.27% at 16,346.26 during Thursday's session.
Investors are awaiting earnings results from Hawaiian Electric Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HE#NYSE">HE</a>), Enbridge Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENB#NYSE">ENB</a>), and DNOW Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DNOW#NYSE">DNOW</a>) today.
At a current reading of 44.1, the index remained in the &#8220;Fear&#8221; zone on Thursday, versus a prior reading of 42.8.
What is CNN Business Fear &amp; Greed Index?
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: <a href="https://www.benzinga.com/news/24/05/38730657/jim-cramer-says-buy-this-tech-stock-right-here-likes-cognex">Jim Cramer Says Buy This Tech Stock Right Here, Likes Cognex</a>

ABNB

RBLX

Investor Sentiment Improves Further, Dow Jumps Over 300 Points

Dnow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DNOW#NYSE">DNOW</a>) has been analyzed by 4 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $15.75, along with a high estimate of $18.00 and a low estimate of $13.00. Surpassing the previous average price target of $13.50, the current average has increased by 16.67%.
<img src="https://www.benzinga.com/files/images/story/2024/1712577654_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
A clear picture of Dnow's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Charles Minervino</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Neutral</td>
<td>$16.00</td>
<td>$13.00</td>
</tr>
<tr>
<td>Nathan Jones</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$18.00</td>
<td>$16.00</td>
</tr>
<tr>
<td>Nathan Jones</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$16.00</td>
<td>$14.00</td>
</tr>
<tr>
<td>Charles Minervino</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Neutral</td>
<td>$13.00</td>
<td>$11.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Dnow. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Dnow compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
For valuable insights into Dnow's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/DNOW/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Dnow analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Delving into Dnow's Background</h2>
Dnow Inc is a company engaged in world-wide supplying of energy and industrial products and packaged, engineered process and production equipment with a legacy of over one sixty years. It offers a broad set of supply chain solutions combined with a suite of digital solutions branded as DigitalNOW that provide customers world-class technology for digital commerce, data and information management. Its locations provide products and solutions to exploration and production companies, midstream transmission and storage companies, refineries, chemical companies, utilities, mining, municipal water, manufacturers, engineering and construction companies as well as companies operating in the decarbonization, energy transition and renewables end markets.
<h3>Financial Insights: Dnow</h3>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Revenue Growth: Dnow's revenue growth over a period of 3 months has been noteworthy. As of 31 December, 2023, the company achieved a revenue growth rate of approximately 1.46%. This indicates a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: Dnow's net margin is impressive, surpassing industry averages. With a net margin of 26.13%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Dnow's ROE excels beyond industry benchmarks, reaching 14.77%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Dnow's ROA excels beyond industry benchmarks, reaching 9.98%. This signifies efficient management of assets and strong financial health.
Debt Management: Dnow's debt-to-equity ratio is below the industry average. With a ratio of 0.04, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>Analyst Ratings: Simplified</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Key Takeaways From Dnow Analyst Ratings

Susquehanna analyst Charles Minervino maintains Dnow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DNOW#NYSE">DNOW</a>) with a Neutral and raises the price target from $13 to $16.

Susquehanna Maintains Neutral on Dnow, Raises Price Target to $16

Stifel analyst Nathan Jones maintains Dnow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DNOW#NYSE">DNOW</a>) with a Buy and raises the price target from $16 to $18.

Stifel Maintains Buy on Dnow, Raises Price Target to $18

<h3>Gainers</h3>
<ul>
<li>Intuitive Machines (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNR#NASDAQ">LUNR</a>) shares moved upwards by 29.9% to $6.47 during Thursday's regular session. The company's market cap stands at $189.0 million. </li>
<li>Energous (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WATT#NASDAQ">WATT</a>) stock moved upwards by 26.61% to $2.45. The company's market cap stands at $12.7 million. </li>
<li>ATIF Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATIF#NASDAQ">ATIF</a>) stock rose 26.5% to $1.05. The market value of their outstanding shares is at $10.1 million. </li>
<li>Guardforce AI Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GFAI#NASDAQ">GFAI</a>) shares rose 23.88% to $3.63. The market value of their outstanding shares is at $35.6 million. </li>
<li>Dnow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DNOW#NYSE">DNOW</a>) stock rose 19.97% to $11.77. The company's market cap stands at $1.2 billion. As per the press release, Q4 earnings came out today. </li>
<li>Tigo Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TYGO#NASDAQ">TYGO</a>) shares increased by 15.47% to $1.94. The company's market cap stands at $113.9 million. The company's, Q4 earnings came out 2 days ago. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Earlyworks Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELWS#NASDAQ">ELWS</a>) stock fell 36.6% to $0.83 during Thursday's regular session. The market value of their outstanding shares is at $12.4 million. </li>
<li>Innodata (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INOD#NASDAQ">INOD</a>) shares decreased by 24.93% to $9.2. The company's market cap stands at $264.1 million. </li>
<li>Addentax Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATXG#NASDAQ">ATXG</a>) shares decreased by 24.53% to $1.17. The market value of their outstanding shares is at $5.0 million. As per the news, the Q3 earnings report came out yesterday. </li>
<li>Clean Energy Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CETY#NASDAQ">CETY</a>) shares decreased by 24.09% to $0.82. The company's market cap stands at $32.1 million. </li>
<li>Zoomcar Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZCAR#NASDAQ">ZCAR</a>) stock decreased by 15.9% to $1.43. The market value of their outstanding shares is at $61.1 million. As per the news, the Q3 earnings report came out yesterday. </li>
<li>Manitowoc Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTW#NYSE">MTW</a>) shares fell 14.82% to $14.01. The market value of their outstanding shares is at $491.3 million. As per the news, the Q4 earnings report came out yesterday. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ATIF

ATXG

CETY

ELWS

GFAI

INOD

LUNR

TYGO

WATT

ZCAR

12 Industrials Stocks Moving In Thursday's Intraday Session

WIIM

DNOW shares are trading higher after the company reported better-than-expected Q4 financial results.

DNOW&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DNOW#NYSE">DNOW</a>) reported quarterly Adj earnings of $0.22 per share which beat the analyst consensus estimate of $0.17 by 29.41 percent. This is a 12 percent decrease over earnings of $0.25 per share from the same period last year. The company reported quarterly sales of $555.00 million which beat the analyst consensus estimate of $540.83 million by 2.62 percent. This is a 1.46 percent increase over sales of $547.00 million the same period last year.

DNOW Q4 Adj EPS $0.22 Beats $0.17 Estimate, Sales $555.00M Beat $540.83M Estimate

DNOW Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DNOW#NYSE">DNOW</a>) announced today it has entered into an agreement to acquire Whitco Supply, LLC in an all-cash transaction, subject to regulatory approvals and other customary closing conditions.
Founded in 2003 by the Dawes family, Whitco Supply provides energy products and solutions to the midstream market, as well as the broader energy sectors. Headquartered in Broussard, LA, Whitco Supply has approximately 230 employees across eight locations in the United States.

DNOW Inc to Acquire Whitco Supply, LLC for Terms Unidsclosed

<h3>The Meaning Behind Value Stocks</h3>
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. 
<h2>The following stocks are considered to be notable value stocks in the energy sector:</h2>
<ol>
<li>Peabody Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BTU#NYSE">BTU</a>) - P/E: 3.05</li>
<li>Black Stone Minerals (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BSM#NYSE">BSM</a>) - P/E: 7.95</li>
<li>Eni (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/E#NYSE">E</a>) - P/E: 9.38</li>
<li>Matador Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTDR#NYSE">MTDR</a>) - P/E: 7.55</li>
<li>NOW (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DNOW#NYSE">DNOW</a>) - P/E: 8.1</li>
</ol>
Peabody Energy saw a decrease in earnings per share from 1.15 in Q2 to $0.82 now. Most recently, the company reported a dividend yield of 1.22%, which has decreased by 0.12% from last quarter's yield of 1.34%.
Most recently, Black Stone Minerals reported earnings per share at $0.27, whereas in Q2 earnings per share sat at $0.35. The company's most recent dividend yield sits at 10.62%, which has decreased by 0.69% from 11.31% last quarter. 
Eni has reported Q3 earnings per share at $1.18, which has decreased by 4.84% compared to Q2, which was 1.24. Its most recent dividend yield is at 3.31%, which has decreased by 0.15% from 3.46% in the previous quarter.
Matador Resources's earnings per share for Q3 sits at $1.86, whereas in Q2, they were at 1.42. Most recently, the company reported a dividend yield of 1.22%, which has increased by 0.14% from last quarter's yield of 1.08%.
NOW has been featured as a value stock. NOW's Q3 EPS sits at $0.25, which has not changed since last quarter (Q2). 
These 5 value stocks were selected by Benzinga Insights based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.

MTDR

Overview Of Value Stocks In The Energy Sector

NOW (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DNOW#NYSE">DNOW</a>) reported quarterly earnings of $0.25 per share which met the analyst consensus estimate. This is a 16.67 percent decrease over earnings of $0.30 per share from the same period last year. The company reported quarterly sales of $588.00 million which missed the analyst consensus estimate of $604.02 million by 2.65 percent. This is a 1.91 percent increase over sales of $577.00 million the same period last year.

NOW Q3 EPS $0.25, Inline, Sales $588.00M Miss $604.02M Estimate

NOW Non-GAAP EPS of $0.25 beats by $0.01, revenue of $633M misses by $1.73M

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Dnow (NYSE:<a href="https://investorplace.com/stock-quotes/dnow-stock-quote/">DNOW</a>) just reported results for the second quarter of 2024.<ul><li>Dnow reported earnings per share of 25 cents. This was above the analyst estimate for EPS of 24 cents.</li><li>The company reported revenue of $633.00 million.</li><li>This was 0.08% better than the analyst estimate for revenue of $632.50 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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									</ul>The post <a href="https://investorplace.com/earning-results/2024/08/dnow-stock-earnings-dnow-for-q2-of-2024/">DNOW Stock Earnings: Dnow Beats EPS, Beats Revenue for Q2 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

DNOW Stock Earnings: Dnow Beats EPS, Beats Revenue for Q2 2024

DNOW Inc. (DNOW) Q2 2024 Earnings Call Transcript

There's a lot to be optimistic about in the Energy sector as 3 analysts just weighed in on Now (DNOW – Research Report), Amplify Energy (AMPY – Res...

Analysts Offer Insights on Energy Companies: Now (DNOW), Amplify Energy (AMPY) and Sitio Royalties (STR)

DNOW Inc.: A Diversified Approach Will Offset The Near-Term Sluggishness

In a report released today, Nathan Jones from Stifel Nicolaus maintained a Buy rating on Now (DNOW – Research Report), with a price target of $15.0...

Now (DNOW) Receives a Rating Update from a Top Analyst

IYT: Industrials Dashboard For September

To promote energy security and meet the high demand for oil and gas worldwide, the oilfield services sector benefits from its critical role in drilling, assessment, production, and maintenance. Hence, investing in oilfield service stocks ChampionX Corp (CHX), DNOW Inc. (DNOW), and MRC Global (MRC) might be a lucrative option for investors. Continue reading… The oilfield service sector is becoming an attractive investment option as demand resurges, driven by increasing oil prices and geopolitical tensions worldwide. Growth in deepwater projects and increased drilling activity are the drivers behind this expansion, supported by operations across various global regions.
Amid this backdrop, investors looking to invest in this industry might consider fundamentally sound oilfield services stocks like ChampionX Corporation (<a href="https://stocknews.com/stock/CHX/">CHX</a>), DNOW Inc. (<a href="https://stocknews.com/stock/DNOW/">DNOW</a>), and MRC Global Inc. (<a href="https://stocknews.com/stock/MRC/">MRC</a>), poised for potential growth.
According to the OPEC World Oil Outlook (WOO), the energy demand is anticipated to <a href="https://www.opec.org/opec_web/en/press_room/7377.htm">increase by 24%</a>, and oil consumption is poised to reach 120.1 million barrels/day by the year 2050. With that, the global oilfield services market is projected to reach $481.82 billion by 2032, exhibiting a <a href="https://www.fortunebusinessinsights.com/industry-reports/oilfield-service-market-100174">CAGR of 6.7%</a>.
Recently, actions by the Biden administration, including the partial relaxation of drilling restrictions and the sale of new drilling rights on federal lands, have provided additional momentum for the industry. Moreover, technological advancements are steering the oilfield services sector toward more efficient and environmentally friendly drilling practices, enhancing operational performance and sustainability.
With that in mind, let's look at the fundamentals of the above-mentioned <a href="https://stocknews.com/category/energy-services/">Energy - Services</a> picks in detail:
Stock #3: ChampionX Corporation (<a href="https://stocknews.com/stock/CHX/">CHX</a>)
CHX provides chemistry solutions, artificial lift systems, engineered equipment, and technologies worldwide to oil and gas companies. It operates through four segments: Production Chemical Technologies; Production &amp; Automation Technologies; Drilling Technologies; and Reservoir Chemical Technologies. 
On August 16, CHX declared a quarterly <a href="https://www.investopedia.com/terms/d/dividend.asp">dividend</a> of $0.095 per share on the company's common stock, payable to its shareholders on October 25, 2024. Its four-year average yield is 0.58%, while its annual dividend of $0.38 translates to a 1.22% yield on the current prices.
On July 9, CHX acquired RMSpumptools Limited, a designer and manufacturer of advanced mechanical and electrical solutions for complex artificial lift applications. This acquisition enhances CHX's portfolio, enabling it to expand its opportunities in international markets, including the Middle East, Latin America, and global offshore projects, while ensuring high customer service.
In terms of forward EV/Sales, CHX is trading at 1.67x, 15.5% lower than the industry average of 1.97x.
For the six-month period that ended on June 30, 2024, CHX's total revenue stood at $1.82 billion, while the company's Reservoir Chemical Technologies segment reported revenue of $51.83 million, indicating a 4.4% growth from the prior-year period. Its gross profit increased 2.4% year-over-year to $579.05 million. CHX's attributable net income came in at $165.49 million, up 3.9% year-over-year, while its earnings per share grew 7.6% from the year-ago value to $0.85.
Street expects revenue for the fiscal third quarter (ended September 2024) to increase 4.7% year-over-year to $983.54 million. Its EPS for the same period is expected to register a 24.9% growth from the prior year, settling at $0.51.
The stock has gained 6.2% over the past nine months to close the last trading session at $31.03.
CHX's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect this robust outlook. The stock has an overall rating of B, which equates to Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
CHX has a B grade for Growth, Momentum, and Quality. It is ranked #11 out of 50 stocks in the <a href="https://stocknews.com/category/energy-services/">Energy - Services</a> industry. <a href="https://stocknews.com/stock/CHX/">Click here</a> to see the additional ratings for CHX (Value, Stability, and Sentiment).
Stock #2: DNOW Inc. (<a href="https://stocknews.com/stock/DNOW/">DNOW</a>)
DNOW is a global supplier of downstream energy and industrial products for petroleum refining, chemical processing, LNG terminals, power generation utilities, and customer on-site locations. Its offerings include consumable maintenance, repair and operating (MRO) supplies, pipe, manual and automated valves, fittings, flanges, gaskets, fasteners, electrical, instrumentation, artificial lift, etc.
In March, DNOW acquired Whitco Supply, LLC, strengthening its position in midstream, exploration and production, and related markets central to its growth strategy. This acquisition is expected to boost DNOW's earnings and free cash flow, aligning with its commitment to enhance long-term value for shareholders.
In terms of forward GAAP P/E, DNOW is trading at 14.51x, which is 28.3% lower than the industry average of 20.23x. The stock's forward EV/Sales ratio of 0.51x is 73.4% below the industry average of 1.91x. Also, its forward EV/EBITDA multiple of 7.22 compares to the industry average of 11.82x.
In the fiscal second quarter that ended on June 30, 2024, DNOW's revenue increased 6.6% year-over-year to $633 million. Its EBITDA, excluding other costs, rose 6.4% from the year-ago value to $50 million. The company's non-GAAP net income came in at $28 million, up 3.7% year-over-year, and its non-GAAP EPS remained flat year-over-year at $0.25.
Analysts expect DNOW's revenue and EPS for the current year (ending December 2024) to be $2.39 billion and $0.87, respectively. For the fiscal year 2025, its revenue and EPS are expected to grow by 1.8% and 2.6% from the prior year to $2.43 billion and $0.89, respectively.
DNOW shares have surged 11.5% over the past nine months to close the last trading session at $12.62.
DNOW's bright prospects are reflected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
It also has a B grade for Value and Quality. Within the same industry, it is ranked #9. <a href="https://stocknews.com/stock/DNOW/">Click here</a> to see DNOW's ratings for Growth, Momentum, Stability, and Sentiment.
Stock #1: MRC Global Inc. (<a href="https://stocknews.com/stock/MRC/">MRC</a>)
MRC is a global distributor of pipes, valves, fittings, and other infrastructure products and services to diversified energy, industrial, and gas utility end markets. It provides supply chain solutions, technical product services, and a digital platform to its customers in the United States, Canada, and internationally.
On June 13, MRC announced an agreement with ExxonMobil in North America to be the primary provider of pipe, valves and fitting (PVF) products and services. This agreement allows MRC to maintain, repair, operate, and perform project work across ExxonMobil's upstream and downstream facilities.
In terms of forward non-GAAP P/E, MRC is trading at 14.50x, 28.3% lower than the industry average of 20.23x. Likewise, the stock's forward EV/Sales and Price/Sales multiples of 0.54 and 0.34 are 71.5% and 77.3% lower than their respective industry averages of 1.91 and 1.48.
MRC's sales for the second quarter (ended June 30, 2024) came in at $832 million. It reported an adjusted EBITDA of $65 million, indicating a 3.2% growth from the prior year's quarter. Also, the company's adjusted attributable net income for the quarter amounted to $27 million or $0.31 per share, reflecting an increase of 22.7% and 19.2%, respectively, from the same period last year.
Analysts expect MRC's revenue and EPS for the current year (ending December 2024) to be $3.22 billion and $0.88, respectively. For the fiscal year 2025, its revenue is expected to increase by 4.3% year-over-year to $3.36 billion, while its EPS is forecasted to settle at $1.15, indicating a 31.7% improvement over the prior year.
Over the past year, the stock has surged 23.8%, closing the last trading session at $12.69.
It's no surprise that MRC has an overall rating of B, equating to a Buy in our POWR Ratings system. It has an A grade for Value and a B for Sentiment. Out of 50 stocks in the same industry, MRC is ranked #3.
Beyond what is stated above, we've also rated MRC for Growth, Momentum, Stability, and Quality. Get all MRC ratings <a href="https://stocknews.com/stock/MRC/">here</a>.
What To Do Next?
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<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

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CHX shares were trading at $31.14 per share on Wednesday afternoon, up $0.11 (+0.35%). Year-to-date, CHX has gained 7.49%, versus a 20.64% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Shweta Kumari</h2> <img src='https:/wp-content/uploads/2022/03/Shweta-Kumari_Image-2.jpg' style="float:left; padding:5px;width:125px;">Shweta's profound interest in financial research and quantitative analysis led her to pursue a career as an investment analyst. She uses her knowledge to help retail investors make educated investment decisions.<a href="https://stocknews.com/authors/?author=shweta-kumari">More...</a>The post <a href=https://stocknews.com/news/chx-dnow-mrc-3-oilfield-service-stocks-to-buy-as-drilling-demand-soars/>3 Oilfield Service Stocks to Buy as Drilling Demand Soars</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Oilfield Service Stocks to Buy as Drilling Demand Soars

RSPN: Industrials Dashboard For October

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DNOW Reports First Quarter 2024 Results

EnerCom Announces Chris Wright, Chairman and Chief Executive Officer of Liberty Energy, as Keynote Speaker at the 29th Annual EnerCom Denver - The Energy Investment Conference

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EnerCom Announces Unparalleled Networking Opportunities at the 29th Annual EnerCom Denver - The Energy Investment Conference, Including Charity Golf Tournament, Monday Cocktail Mixer, Casino Night, and Last Day Reception

The 29th Annual EnerCom Denver - The Energy Investment Conference to Host The Energy Transition and Emerging Technology Session Featuring Start-Up Energy and Technology Companies

DNOW Announces Second Quarter 2024 Earnings Conference Call

Presentation Times and Schedule for Participating Companies Now Posted on the Conference Website for 29th Annual EnerCom Denver - The Energy Investment Conference

Investor One-on-One Meeting Requests Open for 29th Annual EnerCom Denver - The Energy Investment Conference, to be held August 18-21, 2024 in Denver, Colorado

DNOW Reports Second Quarter 2024 Results

EnerCom's 29th Annual Energy Investment Conference is Set to be Held August 18-21, 2024 in Denver, Colorado

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