Shares of Dril-Quip, Inc. (NYSE:DRQ) have earned an average rating of “Hold” from the twelve analysts that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $47.60.

A number of research firms have weighed in on DRQ. BidaskClub lowered Dril-Quip from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. TheStreet lowered Dril-Quip from a “c” rating to a “d+” rating in a report on Friday, October 27th. FBR & Co reaffirmed a “buy” rating on shares of Dril-Quip in a report on Friday, October 27th. Wolfe Research raised Dril-Quip from an “underperform” rating to a “market perform” rating in a report on Tuesday, October 31st. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $38.00 target price on shares of Dril-Quip in a report on Friday, November 10th.

Dril-Quip (NYSE:DRQ) traded up $0.70 during mid-day trading on Friday, reaching $44.75. The company’s stock had a trading volume of 633,800 shares, compared to its average volume of 564,031. The stock has a market cap of $1,667.76, a price-to-earnings ratio of 104.88 and a beta of 0.73. Dril-Quip has a 1-year low of $35.85 and a 1-year high of $69.40.

Dril-Quip (NYSE:DRQ) last posted its earnings results on Friday, October 27th. The oil and gas company reported $0.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.06. The business had revenue of $100.35 million during the quarter, compared to analyst estimates of $106.74 million. Dril-Quip had a positive return on equity of 1.19% and a negative net margin of 6.14%. The company’s quarterly revenue was down 18.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.63 EPS. sell-side analysts predict that Dril-Quip will post 0.2 earnings per share for the current fiscal year.

In related news, VP James C. Webster sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $43.49, for a total value of $86,980.00. Following the completion of the sale, the vice president now owns 24,104 shares in the company, valued at approximately $1,048,282.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jeffrey J. Bird sold 1,931 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $41.49, for a total value of $80,117.19. Following the completion of the sale, the chief financial officer now owns 24,719 shares of the company’s stock, valued at approximately $1,025,591.31. The disclosure for this sale can be found here. Insiders have sold 47,662 shares of company stock valued at $2,013,999 in the last three months. 0.87% of the stock is owned by insiders.

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

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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.

Analyst Recommendations for Dril-Quip (NYSE:DRQ)

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