Dril-Quip Given Consensus Rating of “Hold” by Analysts (NYSE:DRQ)
Dril-Quip (NYSE:DRQ) has received an average rating of “Hold” from the fourteen ratings firms that are currently covering the stock, Analyst Ratings Network.com reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $120.00.
Shares of Dril-Quip (NYSE:DRQ) opened at 107.20 on Thursday. Dril-Quip has a one year low of $89.97 and a one year high of $121.07. The stock’s 50-day moving average is $104.6 and its 200-day moving average is $105.8. The company has a market cap of $4.377 billion and a price-to-earnings ratio of 25.40.
Dril-Quip (NYSE:DRQ) last announced its earnings results on Friday, May 9th. The company reported $1.04 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.98 earnings per share. Dril-Quip’s revenue was up 5.6% compared to the same quarter last year. On average, analysts predict that Dril-Quip will post $4.95 earnings per share for the current fiscal year.
DRQ has been the subject of a number of recent research reports. Analysts at Johnson Rice initiated coverage on shares of Dril-Quip in a research note on Tuesday. They set an “equal weight” rating and a $120.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Dril-Quip in a research note on Wednesday, June 25th. They now have a $111.00 price target on the stock. Finally, 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.
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.
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