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Shares of Dril-Quip (NYSE:DRQ) have been given an average rating of “Hold” by the thirteen brokerages that are covering the company, American Banking reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $121.27.

Shares of Dril-Quip (NYSE:DRQ) traded down 1.05% during mid-day trading on Thursday, hitting $99.15. 23,984 shares of the company’s stock traded hands. Dril-Quip has a 52 week low of $94.99 and a 52 week high of $121.07. The stock has a 50-day moving average of $103.1 and a 200-day moving average of $105.0. The company has a market cap of $3.964 billion and a price-to-earnings ratio of 22.57.

Dril-Quip (NYSE:DRQ) last announced its earnings results on Wednesday, July 30th. The company reported $1.27 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.15 by $0.12. The company had revenue of $230.30 million for the quarter, compared to the consensus estimate of $228.09 million. During the same quarter last year, the company posted $1.05 earnings per share. Dril-Quip’s revenue was up 3.7% compared to the same quarter last year. On average, analysts predict that Dril-Quip will post $5.02 earnings per share for the current fiscal year.

DRQ has been the subject of a number of recent research reports. Analysts at Cowen and Company raised their price target on shares of Dril-Quip from $109.00 to $114.00 in a research note on Thursday, July 31st. They now have a “market perform” rating 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.

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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