Merrill Miller - Now Executive Chairman
| DNOW Stock | USD 14.77 0.38 2.51% |
Chairman
Mr. Merrill Aanthony Miller, Jr, . is no longer serves as Executive Chairman and Director of the Company. with effective October 1, 2017. He was elected Executive Chairman of the Company in February 2014. Mr. Miller served as a director of National Oilwell Varco from May 2001, and Chairman of its Board from July 2005, until the Companys spinoff from National Oilwell Varco in May 2014. Mr. Miller served as Executive Chairman of National Oilwell Varco from February 2014 until May 2014. He also served as Chief Executive Officer of National Oilwell Varco from May 2001 until February 2014, and as President from November 2000 until December 2012. Mr. Miller serves as a director of Chesapeake Energy Corporationrationration, a company engaged in the development, acquisition, production, exploration, and marketing of onshore oil and natural gas properties in the United States. Mr. Miller is also on the board of directors of Transocean Ltd., a company that provides offshore contract drilling services for energy companies. since 2017.
| Age | 65 |
| Tenure | 7 years |
| Address | 7402 North Eldridge Parkway, Houston, TX, United States, 77041 |
| Phone | 281 823 4700 |
| Web | https://www.dnow.com |
Now Management Efficiency
The company has return on total asset (ROA) of 0.0645 % which means that it generated a profit of $0.0645 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.2601 %, meaning that it created $0.2601 on every $100 dollars invested by stockholders. Now's management efficiency ratios could be used to measure how well Now manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to climb to 0.19 in 2024. Return On Capital Employed is likely to climb to 0.14 in 2024. At this time, Now's Other Current Assets are fairly stable compared to the past year. Net Tangible Assets is likely to climb to about 672.4 M in 2024, whereas Other Assets are likely to drop slightly above 7.6 M in 2024.Similar Executives
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Management Performance
| Return On Equity | 0.26 | ||||
| Return On Asset | 0.0645 |
Now Inc Leadership Team
Elected by the shareholders, the Now's board of directors comprises two types of representatives: Now inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Now. The board's role is to monitor Now's management team and ensure that shareholders' interests are well served. Now's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Now's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Rocio Surratt, Vice President - Finance, Corporate Controller | ||
| Daniel Molinaro, CFO and Sr. VP | ||
| Paul Coppinger, Independent Director | ||
| Merrill Miller, Executive Chairman | ||
| Sonya Reed, Independent Director | ||
| Brad Wise, Vice Relations | ||
| Michael Frazier, Independent Director | ||
| Galen Cobb, Independent Director | ||
| Raymond Chang, Vice President, General Counsel, Secretary | ||
| Terry Bonno, Independent Director | ||
| Toby Eoff, President Solutions | ||
| Scott Hauck, Executive Strategy | ||
| Kelly Munson, Chief Administrative and Information Officer | ||
| Richard Alario, Lead Independent Chairman of the Board | ||
| Dan Pratt, Senior Centers | ||
| David Cherechinsky, Chief Accounting Officer, VP and Corporate Controller | ||
| Robert Workman, CEO and President and Director | ||
| Wayne Richards, Independent Director | ||
| Rodney Eads, Independent Director | ||
| James Crandell, Independent Director | ||
| Mark Johnson, Chief Financial Officer, Senior Vice President, Chief Accounting Officer, Corporate Controller | ||
| Michelle Lewis, IR Contact Officer | ||
| J Richards, Lead Independent Chairman of the Board |
Now Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Now a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | 0.26 | ||||
| Return On Asset | 0.0645 | ||||
| Profit Margin | 0.11 % | ||||
| Operating Margin | 0.06 % | ||||
| Current Valuation | 1.38 B | ||||
| Shares Outstanding | 108.89 M | ||||
| Shares Owned By Insiders | 1.89 % | ||||
| Shares Owned By Institutions | 98.00 % | ||||
| Number Of Shares Shorted | 2.99 M | ||||
| Price To Earning | 12.79 X |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Now in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Now's short interest history, or implied volatility extrapolated from Now options trading.
Pair Trading with Now
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Now position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Now will appreciate offsetting losses from the drop in the long position's value.Moving together with Now Stock
| 0.72 | B | Barnes Group Earnings Call This Week | PairCorr |
| 0.75 | CR | Crane Company Financial Report 8th of May 2024 | PairCorr |
| 0.74 | HI | Hillenbrand Earnings Call This Week | PairCorr |
| 0.9 | IR | Ingersoll Rand Financial Report 1st of May 2024 | PairCorr |
Moving against Now Stock
| 0.85 | ATS | ATS Corporation | PairCorr |
| 0.51 | RR | Richtech Robotics Class | PairCorr |
| 0.42 | BW | Babcock Wilcox Enter Buyout Trend | PairCorr |
The ability to find closely correlated positions to Now could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Now when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Now - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Now Inc to buy it.
The correlation of Now is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Now moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Now Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Now can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Now Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Complementary Tools for Now Stock analysis
When running Now's price analysis, check to measure Now's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Now is operating at the current time. Most of Now's value examination focuses on studying past and present price action to predict the probability of Now's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Now's price. Additionally, you may evaluate how the addition of Now to your portfolios can decrease your overall portfolio volatility.
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Is Now's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Now. If investors know Now will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Now listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 3.812 | Earnings Share 2.24 | Revenue Per Share 21.612 | Quarterly Revenue Growth 0.015 | Return On Assets 0.0645 |
The market value of Now Inc is measured differently than its book value, which is the value of Now that is recorded on the company's balance sheet. Investors also form their own opinion of Now's value that differs from its market value or its book value, called intrinsic value, which is Now's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Now's market value can be influenced by many factors that don't directly affect Now's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Now's value and its price as these two are different measures arrived at by different means. Investors typically determine if Now is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Now's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.