29 May

What’s Wall Street’s Forecast for NOW Stock?

WRITTEN BY Alex Chamberlin

Analysts’ forecasts for NOW

Of the analysts tracking NOW (DNOW) on May 23, ~36% recommended “buy” or some equivalent, 64% recommended “hold,” and none recommended “sell.” DNOW comprises 0.09% of the iShares Core S&P Mid-Cap ETF (IJH), which provides exposure to the oil and gas equipment and service segment. The energy sector accounts for 5.8% of IJH, which had risen ~13% in the year ended May 23. Between February 23 and May 23, the percentage of analysts recommending “buy” or some equivalent for DNOW rose from 33% to 36%, while “hold” recommendations fell.

What’s Wall Street’s Forecast for NOW Stock?

Analysts’ target prices for DNOW

Analysts’ mean target price for DNOW on May 23 was $14.10, implying a ~3% downside based on its price of ~$14.60. Analysts’ mean target price for DNOW was $12.40 a month ago.

Target prices for DNOW’s peers

Analysts’ mean target price for RPC (RES) was $19.60 on May 23, implying a ~5% return based on its price of $18.72. Their mean target price for Superior Energy Services (SPN) was $12.90, implying an 8% return based on its price of ~$11.90. To learn more about the industry, read Market Realist’s The Lowest 5 Oilfield Services Companies by Free Cash Flow.

Latest articles

An expanding vehicle population offers more opportunities for investors aftermarket in the specialty car equipment industry.

The semiconductor sector saw some mixed earnings in the third quarter, and Advanced Micro Devices (AMD) is worth a closer look.

Roku’s third-quarter earnings results beat Wall Street’s expectations but still caused the stock to drop 16%. Is its competition really a threat?

The slowdown in the world’s largest auto market, China, is affecting electric vehicle companies worldwide. And it's probably going to last.

Tyson Foods (TSN) reported lower-than-expected sales and earnings for the fourth quarter of fiscal 2019, yet the stock is in the green.

On November 12, the cannabis sector was in the red despite the broader US equity market trading in positive territory. Here's why.