Dril-Quip, Inc. (NYSE:DRQ) – Stock analysts at FBR & Co issued their Q3 2017 EPS estimates for shares of Dril-Quip in a research note issued to investors on Tuesday. FBR & Co analyst T. Curran forecasts that the oil and gas company will post earnings of ($0.08) per share for the quarter. FBR & Co has a “Buy” rating and a $55.00 price objective on the stock. FBR & Co also issued estimates for Dril-Quip’s Q4 2017 earnings at $0.05 EPS, Q1 2018 earnings at $0.03 EPS, Q2 2018 earnings at $0.09 EPS, Q3 2018 earnings at $0.18 EPS, Q4 2018 earnings at $0.25 EPS and FY2018 earnings at $0.55 EPS.

Other analysts also recently issued research reports about the company. BidaskClub downgraded Dril-Quip from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. Piper Jaffray Companies set a $43.00 target price on Dril-Quip and gave the company a “hold” rating in a research report on Saturday, July 29th. Scotiabank set a $61.00 target price on Dril-Quip and gave the company a “hold” rating in a research report on Monday, July 31st. Finally, Cowen and Company set a $43.00 target price on Dril-Quip and gave the company a “hold” rating in a research report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $53.86.

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Shares of Dril-Quip (NYSE:DRQ) opened at 43.30 on Thursday. The company has a market cap of $1.64 billion, a P/E ratio of 80.48 and a beta of 0.70. The stock’s 50 day moving average price is $41.61 and its 200 day moving average price is $47.53. Dril-Quip has a 1-year low of $35.85 and a 1-year high of $69.40.

Dril-Quip (NYSE:DRQ) last released its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.06. The company had revenue of $127.90 million during the quarter, compared to the consensus estimate of $112.12 million. Dril-Quip had a return on equity of 2.12% and a net margin of 4.28%. The firm’s revenue was down 10.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.96 EPS.

In related news, VP James C. Webster sold 2,000 shares of Dril-Quip stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $43.49, for a total transaction of $86,980.00. Following the completion of the transaction, the vice president now owns 24,104 shares in the company, valued at $1,048,282.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.87% of the company’s stock.

A number of institutional investors have recently bought and sold shares of DRQ. BlackRock Inc. grew its holdings in Dril-Quip by 8,615.2% during the first quarter. BlackRock Inc. now owns 3,581,432 shares of the oil and gas company’s stock worth $195,368,000 after purchasing an additional 3,540,338 shares during the period. Dimensional Fund Advisors LP grew its holdings in Dril-Quip by 27.9% during the second quarter. Dimensional Fund Advisors LP now owns 3,139,752 shares of the oil and gas company’s stock worth $153,221,000 after purchasing an additional 684,559 shares during the period. Northern Trust Corp grew its holdings in Dril-Quip by 119.7% during the second quarter. Northern Trust Corp now owns 1,042,035 shares of the oil and gas company’s stock worth $50,851,000 after purchasing an additional 567,821 shares during the period. Janus Henderson Group PLC grew its holdings in Dril-Quip by 269.0% during the second quarter. Janus Henderson Group PLC now owns 637,160 shares of the oil and gas company’s stock worth $31,093,000 after purchasing an additional 464,501 shares during the period. Finally, Alliancebernstein L.P. grew its holdings in Dril-Quip by 1,074.1% during the second quarter. Alliancebernstein L.P. now owns 329,283 shares of the oil and gas company’s stock worth $16,069,000 after purchasing an additional 301,237 shares during the period.

Dril-Quip Company Profile

Dril-Quip, Inc (Dril-Quip) designs, manufactures, sells and services engineered drilling and production equipment. The Company’s operations are organized into three geographic segments: Western Hemisphere, including North and South America, headquartered in Houston, Texas; Eastern Hemisphere, including Europe and Africa, headquartered in Aberdeen, Scotland, and Asia-Pacific, including the Pacific Rim, Southeast Asia, Australia, India and the Middle East, headquartered in Singapore.

Earnings History and Estimates for Dril-Quip (NYSE:DRQ)

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