DNOW stock forecast, quote, news & analysis
Dnow Inc is a provider of energy and industrial solutions and a distributor of pipe, valves, and fittings (PVF) and pumps, as well as fabrication, assembly, and testing of process and production equipment... Show more
DNOW Inc. (DNOW) Stock Analysis: Midstream Strength Steadies Shares Ahead of Q3 Results
Key Takeaways
- DNOW shares have traded in a relatively tight range, gaining roughly 3% over the trailing 30 days as energy-distribution demand held steady.
- DNOW Inc. is scheduled to report third-quarter 2026 results before the market opens on November 5, 2026, with consensus near $0.15 per share on about $1.35 billion in revenue.
- Integration of the MRC Global merger remains a central theme, driving sequential revenue growth, cost-synergy opportunities, and ongoing ERP conversions.
- U.S. midstream revenue reached an annualized run rate above $1 billion in the second quarter, its highest level on record, supported by gas infrastructure, LNG, and power generation activity.
- The stock's 52-week range of roughly $10.94 to $17.26 highlights a meaningful recovery alongside a market capitalization near $3 billion.
- For deeper detail on valuation and expectations, explore DNOW's Price Targets, Earnings, and Forecast pages.
- Explore Trending AI Robots to see curated, top-performing AI trading strategies across thousands of tickers.
Current Market Snapshot
DNOW Inc. (NYSE: DNOW) has displayed notable stability relative to the broader energy and industrial distribution complex. Over the trailing 30 days, the stock has advanced by roughly 3%, moving from a closing level near $15.76 to approximately $16.23, a modest gain that reflects steady demand across its core end markets rather than a sharp catalyst-driven repricing. This muted move falls well short of the 10% threshold that would signal a decisive directional breakout, underscoring a market that is largely waiting for the company's next earnings print.
Sentiment around the stock remains constructive but measured. The company's rebranding from NOW Inc. to DNOW Inc. and its growing emphasis on midstream and infrastructure-led revenue have helped reframe the investment narrative, while integration work tied to the MRC Global combination continues to shape near-term financial results. With a market capitalization near $3 billion and a 52-week range spanning roughly $10.94 to $17.26, shares sit in the upper portion of their trading band as investors position ahead of third-quarter results.
DNOW Inc. (DNOW) Business Overview and Competitive Position
DNOW Inc. is a Houston-based distributor of energy and industrial products, with a legacy spanning more than 160 years. The company supplies a broad portfolio of pipe, valves, fittings (PVF), gas products, pumps, and fabricated equipment, along with value-added supply chain solutions and technical expertise. It serves customers across upstream, midstream, downstream, gas utilities, and industrial markets through a global network of distribution and engineering locations and a workforce of approximately 5,050 employees.
The company's competitive position is built on scale, product breadth, and customer relationships. Its combination with MRC Global significantly expanded its PVF footprint and distribution capabilities, creating opportunities to recapture market share and improve operating leverage. DNOW has also leaned into infrastructure-led growth, positioning itself around natural gas infrastructure, LNG activity, power generation, and data-center feed gas buildouts, which provide a degree of diversification beyond traditional oilfield activity.
Recent Developments Driving DNOW
The most significant development shaping DNOW's trajectory is the ongoing integration of the MRC Global business. In the second quarter of 2026, the company reported revenue of approximately $1.31 billion, up more than 100% year over year, reflecting the enlarged combined platform, and adjusted EPS of $0.12 that exceeded consensus estimates. Management cited progress on U.S. ERP conversions to SAP, with multiple sites migrated, as a key step toward standardizing operations and capturing merger synergies.
Midstream momentum has been a defining feature of recent quarters. U.S. midstream revenue reached an annualized run rate above $1 billion for the first time, its highest level ever, driven by natural gas infrastructure, LNG-related projects, power generation, and feed gas buildouts tied to data centers. Gas utilities revenue also grew sequentially, supported by modernization and meter-replacement programs. These infrastructure-oriented demand lanes have helped offset mixed conditions in downstream industrial and chemical processing markets.
Looking at the immediate calendar, DNOW announced it will report third-quarter 2026 results on November 5, 2026, before the market opens, with a conference call to follow. The upcoming report, the first full quarter after a period of heavy integration activity, is widely viewed as a key checkpoint for evaluating sequential revenue trends and the pace of cost-synergy realization.
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2026 Outlook and What Investors Should Watch
The most immediate catalyst is the November 5, 2026 earnings release and accompanying guidance commentary, where investors will focus on sequential revenue performance, gross margin trends, and updated integration milestones. Consensus estimates point to revenue near $1.35 billion and EPS around $0.15, though the market's reaction will likely hinge as much on forward commentary as on headline results.
Beyond earnings, several structural factors merit attention. The pace of ERP conversion and synergy capture from the MRC Global integration will be central to margin expansion, while temporary integration-related costs are expected to persist in the near term. Demand drivers such as natural gas infrastructure investment, LNG export capacity, power generation, and data-center feed gas buildouts should continue to influence the midstream and industrial product lines. Macroeconomic considerations, including oil and gas activity levels, refinery utilization, and broader capital-spending trends across energy customers, will also shape the trajectory. Investors may additionally monitor any progress on the company's process solutions, water, and automation offerings, which management has identified as higher-margin, infrastructure-aligned growth areas.
Disclaimer
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.
DNOW's RSI Oscillator ascends from oversold territory
The RSI Indicator for DNOW moved out of oversold territory on November 09, 2026. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 27 similar instances when the indicator left oversold territory. In 25 of the 27 cases the stock moved higher. This puts the odds of a move higher at 90%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.
Following a +1.65% 3-day Advance, the price is estimated to grow further. Considering data from situations where DNOW advanced for three days, in 232 of 337 cases, the price rose further within the following month. The odds of a continued upward trend are 69%.
DNOW may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on November 04, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on DNOW as a result. In 59 of 93 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 63%.
The Moving Average Convergence Divergence Histogram (MACD) for DNOW turned negative on November 04, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 47 similar instances when the indicator turned negative. In 31 of the 47 cases the stock turned lower in the days that followed. This puts the odds of success at 66%.
DNOW moved below its 50-day moving average on November 04, 2026 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for DNOW crossed bearishly below the 50-day moving average on November 06, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In 10 of 18 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 56%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where DNOW declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 67%.
The Aroon Indicator for DNOW entered a downward trend on October 12, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron Valuation Rating of 18 (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.146) is normal, around the industry mean (4.173). P/E Ratio (-9.280) is within average values for comparable stocks, (2.286). Projected Growth (PEG Ratio) (0.260) is also within normal values, averaging (2.538). Dividend Yield (0.000) settles around the average of (0.448) among similar stocks. P/S Ratio (0.600) is also within normal values, averaging (3.013).
The Tickeron Profit vs. Risk Rating rating for this company is 55 (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 66, placing this stock slightly better than average.
The Tickeron Price Growth Rating for this company is 60 (best 1 - 100 worst), indicating fairly steady price growth. DNOW’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is 94 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is 98 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
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General Information
a provider of supply chain solutions to the energy industry
Industry ElectronicsDistributors