Share on StockTwits

Shares of Dril-Quip (NYSE:DRQ) were the recipient of a large increase in short interest in May. As of May 30th, there was short interest totalling 1,037,911 shares, an increase of 44.9% from the May 15th total of 716,405 shares, Stock Ratings News reports. Based on an average daily volume of 409,918 shares, the days-to-cover ratio is presently 2.5 days. Approximately 2.6% of the shares of the stock are sold short.

A number of analysts have recently weighed in on DRQ shares. Analysts at Guggenheim reiterated a “neutral” rating on shares of Dril-Quip in a research note on Wednesday, May 14th. They now have a $110.00 price target on the stock, down previously from $120.00. Separately, analysts at Sterne Agee reiterated a “neutral” rating on shares of Dril-Quip in a research note on Tuesday, May 13th. They now have a $115.00 price target on the stock, down previously from $117.00. Finally, analysts at Capital One Financial Corp. cut their price target on shares of Dril-Quip from $120.00 to $116.00 in a research note on Monday, May 12th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $120.09.

Dril-Quip (NYSE:DRQ) opened at 105.67 on Wednesday. Dril-Quip has a one year low of $88.16 and a one year high of $121.07. The stock’s 50-day moving average is $104.2 and its 200-day moving average is $105.9. The company has a market cap of $4.315 billion and a P/E ratio of 25.39.

Dril-Quip (NYSE:DRQ) last released its earnings data on Friday, May 9th. The company reported $1.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by $0.16. The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $241.70 million. During the same quarter in the previous year, the company posted $0.98 earnings per share. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. On average, analysts predict that Dril-Quip will post $4.96 earnings per share for the current fiscal year.

Dril-Quip, Inc (NYSE:DRQ), designs, manufactures, sells and services offshore drilling and production equipment for use in deepwater, harsh environment and severe service applications.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.