DNOW stock draws a USD 17.00 target from Argus

Published on 10/06/2026 at 11:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

DNOW stock posted USD 1.31 billion in Q2 revenue on August 6, 2026. Adjusted EBITDA rose 54 percent sequentially as the company integrated MRC Global.

DNOW, US67011P1003, Illustration mit AI erstellt.

DNOW Inc. (ISIN US67011P1003) reported USD 1.31 billion in second-quarter 2026 revenue, up 108.1 percent from the year-earlier period. On September 30, 2026, Argus set a USD 17.00 price target for the energy and industrial distributor, according to Yahoo Finance.

Revenue expands after MRC deal

The Q2 revenue figure, reported for the period ended June 30, 2026, was accompanied by a USD 21 million net loss and diluted GAAP EPS of negative USD 0.11. DNOW listed the second-quarter results among its August 6, 2026 investor releases.

The earnings mix was better on an adjusted basis. Q2 adjusted EBITDA reached USD 60 million, up USD 21 million or 54 percent from the first quarter, while adjusted net income was USD 21 million or USD 0.12 per diluted share, according to Yahoo Finance.

Analysts see room above the quote

MarketBeat reported a Moderate Buy consensus based on seven analysts, with an average price target of USD 18.20. That target stands 14.5 percent above DNOW's USD 15.90 price, based on the October 5, 2026 NYSE quote, according to MarketBeat.

The central counterweight is profitability. The Q2 net loss contrasts with the 108.1 percent revenue expansion, showing how acquisition integration and operating costs have yet to translate the enlarged sales base into GAAP earnings.

DNOW stock trades below its target

DNOW stock was last at USD 15.90 on the NYSE on October 5, 2026 at 4:00 p.m. ET, up 0.89 percent on the session. The company had a market capitalization of USD 2.9 billion and trading volume of 1,964,242 shares on that date.