DNOW (NYSE:DNOW) Upgraded to Buy at Freedom Broker

Posted by Stanley Muller on Nov 9th, 2026

DNOW (NYSE:DNOW – Get Free Report) was upgraded by research analysts at Freedom Broker from a “hold” rating to a “buy” rating in a research note issued to investors on Monday, FinViz reports. The brokerage currently has a $18.00 price target on the oil and gas company’s stock. Freedom Broker‘s target price would suggest a potential upside of 35.54% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. Susquehanna lowered their price objective on shares of DNOW from $19.00 to $18.00 and set a “positive” rating on the stock in a research report on Friday. Wall Street Zen raised shares of DNOW from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. DA Davidson upped their target price on shares of DNOW from $17.00 to $19.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Finally, Weiss Ratings raised DNOW from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $18.00.

Read Our Latest Research Report on DNOW

DNOW Trading Up 0.1%

Shares of DNOW opened at $13.28 on Monday. The firm’s 50 day simple moving average is $15.70 and its 200 day simple moving average is $14.11. The company has a market capitalization of $2.40 billion, a P/E ratio of -11.45 and a beta of 0.95. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.08 and a quick ratio of 1.07. DNOW has a 1-year low of $10.94 and a 1-year high of $17.26.

DNOW (NYSE:DNOW – Get Free Report) last announced its earnings results on Thursday, November 5th. The oil and gas company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.03. DNOW had a negative net margin of 3.89% and a positive return on equity of 3.77%. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same period in the previous year, the business posted $0.26 earnings per share. DNOW’s revenue for the quarter was up 110.9% on a year-over-year basis. Sell-side analysts forecast that DNOW will post 0.35 earnings per share for the current fiscal year.

Institutional Investors Weigh In On DNOW

A number of hedge funds have recently made changes to their positions in DNOW. William Blair Investment Management LLC grew its holdings in shares of DNOW by 8.1% during the 3rd quarter. William Blair Investment Management LLC now owns 1,071,761 shares of the oil and gas company’s stock valued at $16,612,000 after purchasing an additional 80,271 shares during the last quarter. Maryland State Retirement & Pension System lifted its position in DNOW by 51.6% in the third quarter. Maryland State Retirement & Pension System now owns 40,317 shares of the oil and gas company’s stock valued at $625,000 after purchasing an additional 13,719 shares during the last quarter. Illinois Municipal Retirement Fund lifted its position in DNOW by 2.3% in the third quarter. Illinois Municipal Retirement Fund now owns 93,246 shares of the oil and gas company’s stock valued at $1,445,000 after purchasing an additional 2,140 shares during the last quarter. Penn Capital Management Company LLC lifted its position in DNOW by 38.3% in the third quarter. Penn Capital Management Company LLC now owns 926,310 shares of the oil and gas company’s stock valued at $14,385,000 after purchasing an additional 256,557 shares during the last quarter. Finally, Parallel Advisors LLC boosted its stake in shares of DNOW by 698.8% during the third quarter. Parallel Advisors LLC now owns 2,636 shares of the oil and gas company’s stock valued at $41,000 after purchasing an additional 2,306 shares during the period. 97.63% of the stock is currently owned by institutional investors.

More DNOW News

Here are the key news stories impacting DNOW this week:

Positive Sentiment: Adjusted earnings were $0.18 per share, topping the $0.15 consensus estimate. DNOW also reported $120 million in operating cash flow and $76 million in adjusted EBITDA, which the CEO said was nearly double the first-quarter result. DNOW Reports Third Quarter 2026 Results
Positive Sentiment: The company repurchased $17 million of shares in the quarter and $92 million year to date, supporting shareholder returns. DNOW Reports Third Quarter 2026 Results
Neutral Sentiment: Susquehanna lowered its price target to $18 from $19 but kept a positive rating, signaling continued optimism alongside a more cautious valuation outlook. Susquehanna analyst ratings
Negative Sentiment: Revenue of $1.337 billion fell short of the $1.35 billion consensus, while adjusted EPS declined from $0.26 a year earlier to $0.18. The earnings beat may therefore be tempered by weaker year-over-year profitability and missed sales expectations. DNOW misses Q3 2026 sales expectations

DNOW Company Profile

(Get Free Report)

DNOW Inc (NYSE: DNOW) distributes products and provides supply-chain and related services to energy and industrial customers. Its offerings include pipe, valves, fittings, flanges, instrumentation, electrical products, and safety and maintenance supplies.

The company supports customers across the energy value chain, including upstream, midstream, and downstream operations, as well as other industrial markets. Its services include procurement, inventory management, logistics, and technical support, with operations serving customers in North America and international markets.

DNOW was established in 2014 as a spin-off from National Oilwell Varco.