Dril-Quip Given Consensus Recommendation of “Hold” by Brokerages (NYSE:DRQ)
Shares of Dril-Quip (NYSE:DRQ) have earned an average rating of “Hold” from the thirteen analysts that are currently covering the stock, Analyst Ratings Network reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $121.27.
A number of analysts have recently weighed in on DRQ shares. 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 (NYSE:DRQ) opened at 98.86 on Thursday. Dril-Quip has a 1-year low of $94.99 and a 1-year high of $121.07. The stock has a 50-day moving average of $102.5 and a 200-day moving average of $105.. The company has a market cap of $3.952 billion and a price-to-earnings ratio of 22.60.
Dril-Quip (NYSE:DRQ) last released its earnings data on Wednesday, July 30th. The company reported $1.27 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $1.05 earnings per share. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, analysts predict that Dril-Quip will post $5.02 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.
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