Dril-Quip Receives Consensus Recommendation of “Hold” from Brokerages (NYSE:DRQ)
Shares of Dril-Quip (NYSE:DRQ) have earned an average recommendation of “Hold” from the fourteen analysts that are presently covering the stock, American Banking and Market News reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $120.00.
Shares of Dril-Quip (NYSE:DRQ) opened at 104.04 on Thursday. Dril-Quip has a 52-week low of $89.97 and a 52-week high of $121.07. The stock has a 50-day moving average of $104.7 and a 200-day moving average of $105.8. The company has a market cap of $4.248 billion and a price-to-earnings ratio of 25.03.
Dril-Quip (NYSE:DRQ) last posted its quarterly earnings results 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. Analysts expect that Dril-Quip will post $4.95 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Johnson Rice initiated coverage on shares of Dril-Quip in a research note on Tuesday, July 8th. 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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