1.65BMarket Cap6.76P/E (TTM)
15.215High14.330Low792.69KVolume14.540Open14.530Pre Close11.90MTurnover0.74%Turnover Ratio6.76P/E (Static)108.89MShares15.57552wk High1.56P/B1.62BFloat Cap8.83052wk Low--Dividend TTM106.78MShs Float37.650Historical High--Div YieldTTM6.09%Amplitude4.030Historical Low15.010Avg Price1Lot Size
DNOW Inc Stock Forum
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ColumnsTop upgrades and downgrades on 7/8: PYPL, UPST, AAL, RCKT and more
• $Vita Coco(COCO.US)$ : BofA Securities Upgrades to Buy from Neutral - PT $12 (from $10)
• $Diebold Nixdorf(DBD.US)$ : Wedbush Upgrades to Outperform from Neutral - PT $5
• $Eversource Energy(ES.US)$ : Guggenheim Upgrades to Buy from Neutral - PT $97 (from $92)
• $Howmet Aerospace(HWM.US)$ : Benchmark Upgrades to Buy from Neutral - PT $40
• $The Interpublic Group of Companies(IPG.US)$ : Wells Fargo Upgrades to Overweight...
Supply crunch pushes crude oil to record ninth straight weekly gain
WTI crude for December delivery closed +1.5% to settle at $83.76/bbl, and December Brent crude finished +1.1% at $85.53/bbl.
The front-month WTI contract jumped 2.6% for the week, while Brent posted a 0.9% weekly increase, but it was the ninth straight winning week for both benchmarks.
ETFs: USO, UCO, SCO, BNO, DBO, USL
Oil and gas sector stocks $Energy Select Sector SPDR Fund(XLE.US)$ also rose again for the week, +0.9%.
Global oil inventory levels "remain tight as demand growth remains firm but production growth lags," IHS Markit analyst Marshall Steeves says.
The oil market is "correctly pricing very tight conditions, and conditions that will get tighter," BNP Paribas' David Martin says. "We're going to draw stocks this quarter and next."
Stockpiles at the Cushing storage hub, the biggest such facility in the U.S., are draining to critically low levels that could push crude prices even higher.
The week's five biggest gainers in energy and natural resources: $Permian Basin Royalty Trust(PBT.US)$ +35.7%, $Natural Resource(NRP.US)$ +22.2%, $CN Energy(CNEY.US)$ +21.9%, $San Juan Basin Royalty Trust(SJT.US)$ +20.3%, $Berry Corp (bry)(BRY.US)$ +19.3%.
The week's five biggest decliners in energy and natural resources: $Altus Midstream Co(ALTM.US)$ -22.7%, $DNOW Inc(DNOW.US)$ -16.6%, $NACCO Industries(NC.US)$ -15.9%, $Kaiser Aluminum(KALU.US)$ -14.8%, $HighPeak Energy(HPK.US)$ -14.5%.
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