Dril-Quip, Inc. (NYSE:DRQ) insider Blake T. Deberry sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $44.66, for a total value of $446,600.00. Following the transaction, the insider now directly owns 126,208 shares in the company, valued at $5,636,449.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Dril-Quip, Inc. (DRQ) traded up $0.15 during midday trading on Friday, hitting $44.50. The stock had a trading volume of 420,100 shares, compared to its average volume of 570,728. Dril-Quip, Inc. has a 52-week low of $35.85 and a 52-week high of $69.40. The stock has a market capitalization of $1,679.11, a PE ratio of 105.60 and a beta of 0.68.

Dril-Quip (NYSE:DRQ) last released its earnings results on Friday, October 27th. The oil and gas company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.06. Dril-Quip had a positive return on equity of 1.19% and a negative net margin of 6.14%. The firm had revenue of $100.35 million for the quarter, compared to analysts’ expectations of $106.74 million. During the same period in the prior year, the firm posted $0.63 earnings per share. The company’s quarterly revenue was down 18.8% on a year-over-year basis. equities analysts expect that Dril-Quip, Inc. will post 0.18 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: “Dril-Quip, Inc. (DRQ) Insider Blake T. Deberry Sells 10,000 Shares” was originally published by American Banking News and is the property of of American Banking News. If you are viewing this piece on another publication, it was stolen and republished in violation of international copyright and trademark law. The original version of this piece can be viewed at https://www.americanbankingnews.com/2017/11/17/dril-quip-inc-drq-insider-blake-t-deberry-sells-10000-shares.html.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Riverhead Capital Management LLC grew its stake in shares of Dril-Quip by 66.4% in the second quarter. Riverhead Capital Management LLC now owns 2,663 shares of the oil and gas company’s stock worth $130,000 after acquiring an additional 1,063 shares during the last quarter. QS Investors LLC grew its stake in shares of Dril-Quip by 0.5% in the second quarter. QS Investors LLC now owns 2,813 shares of the oil and gas company’s stock worth $137,000 after acquiring an additional 13 shares during the last quarter. LS Investment Advisors LLC grew its stake in shares of Dril-Quip by 17.6% in the second quarter. LS Investment Advisors LLC now owns 3,014 shares of the oil and gas company’s stock worth $147,000 after acquiring an additional 450 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of Dril-Quip in the third quarter worth $136,000. Finally, Flinton Capital Management LLC grew its stake in shares of Dril-Quip by 64.8% in the second quarter. Flinton Capital Management LLC now owns 4,060 shares of the oil and gas company’s stock worth $198,000 after acquiring an additional 1,596 shares during the last quarter.

Several equities research analysts recently weighed in on the company. B. Riley reaffirmed a “buy” rating on shares of Dril-Quip in a research note on Wednesday, November 1st. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $38.00 price target on shares of Dril-Quip in a research note on Friday, November 10th. Zacks Investment Research cut Dril-Quip from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Wolfe Research raised Dril-Quip from an “underperform” rating to a “market perform” rating in a research note on Tuesday, October 31st. Finally, Cowen and Company reaffirmed a “market perform” rating and issued a $39.00 price target (down from $43.00) on shares of Dril-Quip in a research note on Monday, October 30th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $49.88.

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.

Receive News & Ratings for Dril-Quip Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dril-Quip Inc. and related companies with MarketBeat.com's FREE daily email newsletter.