Now (DNOW) is Initiated by CapitalOne to Equal Weight

Now (DNOW) is Initiated by CapitalOne to Equal Weight , according to the research report released to the investors. The shares recommendation by the Brokerage Firm was released on Dec-29-2015.

The company shares have dropped 38.46% in the past 52 Weeks. On December 29, 2014 The shares registered one year high of $28.01 and one year low was seen on August 24, 2015 at $14. The 50-day moving average is $17.36 and the 200 day moving average is recorded at $17.8. S&P 500 has rallied 1.33% during the last 52-weeks.

Shares of NOW Inc. (NYSE:DNOW) appreciated by 6.18% during the past week but lost 6.96% on a 4-week basis. The shares have outperformed the S&P 500 by 3.32% in the past week but underperformed the index by 5.64% in the last 4 weeks.

During the last several months other analysts have commented on the company rating. Credit Suisse assumes their rating on the shares of NOW Inc. (NYSE:DNOW). The current rating of the shares is Neutral. Equity Analysts at the Firm announces the price target to $20 per share. The rating by the firm was issued on September 14, 2015.

NOW Inc. (NYSE:DNOW) : On Thursday heightened volatility was witnessed in NOW Inc. (NYSE:DNOW) which led to swings in the share price. The shares opened for trading at $16.75 and hit $17.09 on the upside , eventually ending the session at $16.85, with a gain of 0.48% or 0.08 points. The heightened volatility saw the trading volume jump to 489,677 shares. The 52-week high of the share price is $28.36 and the company has a market cap of $1,806 million. The 52-week low of the share price is at $14 .

On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, Workman Robert R, CEO of Now Inc., executed a transaction worth $157,080 on November 7, 2014. A total of 5,610 shares were purchased at an average price of $28. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

NOW Inc. (NYSE:DNOW): 4 analysts have set the short term price target of NOW Inc. (NYSE:DNOW) at $18. The standard deviation of short term price target has been estimated at $1.83, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 20 and $16 respectively.

NOW Inc. is a distributor to the oil and gas industry. The Company operates primarily under the DistributionNOW and Wilson Export brands. The Company operates in three segments: United States, Canada and International. The Company’s energy product offering is needed throughout all sectors of the oil and gas industry-from upstream drilling, completion and production to midstream infrastructure development to downstream petroleum refining, as well as in other industries, such as chemical processing, power generation and industrial manufacturing operations. The industrial distribution portion of its business targets a diverse range of manufacturing and other facilities across numerous industries and end markets. In May 2014, National Oilwell Varco Inc completed the spinoff to its stockholders of its distribution business as an independent public company, NOW Inc.