Home Sectors Energy Recent Technicals: NOW (NYSE: DNOW)

Recent Technicals: NOW (NYSE: DNOW)

SHARE

NOW is part of the energy sector and trades as part of the oil and gas services industry. The company CEO is Robert R. Workman. NOW Inc is a distributor to energy products and products for industrial applications. Its products includes consumable maintenance, repair and operating supplies, pipe, valves, fittings, flanges, electrical, artificial lift solutions, pumps, mill tools.

Previous Intraday Trading Performance:

The DNOW stock showed a previous change of -0.29% with an open at 13.96 and a close of 13.76. It reached an intraday high of 14.09 and a low of 13.67.

Business Wire:  NOW Inc. Announces Second Quarter 2019 Earnings Conference Call

Liquidity:

The stock has a market cap of $1.5b with 108.7m shares outstanding, of which the float is 107.2m shares. Trading volume reached 505,266 shares compared to its average volume of 611,300 shares. Based on the current average volume and close price, the trading liquidity is bad, highly speculative and an investor may want to avoid this stock.

Historical Trading Performance:

Over the last five trading days, NOW shares returned 0.95% and in the past 30 trading days it returned -5.88%. Over three months, it changed -1.64%. In one year it has changed 0.36% and within that year its 52-week high was 18.56 and its 52-week low was 10.36. DNOW stock is 32.81% above its 52 Week Low.

Our calculations show a 200 day moving average of 14.46 and a 50 day moving average of 14.41. Currently DNOW stock is trading -4.85% below its 200 day moving average and may be a good opportunity to buy, but should check other indicators to confirm a buy signal.

Business Wire:  NOW Inc. Announces Second Quarter 2019 Earnings Conference Call

Earnings:

The last annual fiscal EPS for the company was reported at 0.46 that ended on 31st of December 2018, which according to the previous close, that is a PE of 29.91. Based on 7 analyst estimates, the consensus EPS for the next quarter is 0.09. The TTM EPS is 0.37, which comes to a TTM PE of 37.19.

Below was the last reported quarterly diluted earnings per share:

1stQtr of 2019 (Reported on 05/02/2019): 0.16
4thQtr of 2018 (Reported on 02/14/2019): 0.14
3rdQtr of 2018 (Reported on 11/01/2018): 0.18
2ndQtr of 2018 (Reported on 08/02/2018): 0.12
1stQtr of 2018 (Reported on 05/02/2018): 0.02

Base on our calculations, the intrinsic value per share is 17.94, which means it is possibly undervalued and has a margin of safety of 23.30%.

Indicators to Watch:

Short-interest was 9,257,896, which was 8.52% of shares outstanding. The short-interest ratio or days-to-cover ratio was 15.76. This stock has a moderate level of short interest, but may still be a buying opportunity depending on other indicators.

The current calculated beta is 1.41.

Business Wire:  EnscoRowan Announces Successful Completion of Consent Solicitation with Respect to Rowan Companies Notes

Fundamental Indicators:

Based on last reported financials, the company’s return on equity is 5.50%, return on assets is 3.61%, profit margin is 2.16%, price-to-sales is 0.48 and price-to-book is 1.21.

Company Scores:

All scores are out of six:
 2  :Valuation Score
 1  :Past Performance Score
 5  :Financial Strength Score
 3  :Future Growth Score
 0  :Dividend Score
 2  :Overall Score

SHARE
John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.

LEAVE A REPLY

Please enter your comment!
Please enter your name here