DNOW (DNOW) Expected to Announce Earnings on Thursday

DNOW (NYSE:DNOW) will likely be announcing its earnings results before the market opens on Thursday, February 13th. Analysts expect the company to announce earnings of $0.14 per share and revenue of $552.87 million for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

DNOW Trading Up 2.7 %

NYSE DNOW opened at $14.43 on Wednesday. The firm’s 50 day simple moving average is $13.92 and its 200 day simple moving average is $13.41. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 7.71 and a beta of 1.53. DNOW has a 1 year low of $9.44 and a 1 year high of $15.65.

DNOW announced that its Board of Directors has authorized a share buyback plan on Friday, January 24th that allows the company to repurchase $160.00 million in outstanding shares. This repurchase authorization allows the oil and gas company to buy up to 10% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Insider Activity

In other news, Director Paul M. Coppinger sold 26,186 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $15.35, for a total transaction of $401,955.10. Following the sale, the director now directly owns 56,568 shares in the company, valued at approximately $868,318.80. The trade was a 31.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.60% of the stock is currently owned by corporate insiders.

DNOW Company Profile

DNOW Inc distributes downstream energy and industrial products for petroleum refining, chemical processing, LNG terminals, power generation utilities, and customer on-site locations in the United States, Canada, and internationally. The company provides consumable maintenance, repair, and operating supplies; pipes, manual and automated valves, fittings, flanges, gaskets, fasteners, electrical instrumentations, artificial lift, pumping solutions, valve actuation and modular process, and measurement and control equipment; and mill supplies, tools, safety supplies, and personal protective equipment, as well as artificial lift systems, coatings, and miscellaneous expendable items.