Dril-Quip, Inc. (NYSE:DRQ) has earned a consensus recommendation of “Hold” from the thirteen research firms that are presently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $48.80.
A number of equities analysts have recently issued reports on DRQ shares. Cowen set a $43.00 price target on Dril-Quip and gave the stock a “hold” rating in a research report on Friday, October 6th. Zacks Investment Research downgraded Dril-Quip from a “hold” rating to a “sell” rating in a research report on Wednesday, January 3rd. Gabelli started coverage on Dril-Quip in a research report on Friday, October 20th. They set a “hold” rating and a $43.00 price target on the stock. ValuEngine downgraded Dril-Quip from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $38.00 price target on shares of Dril-Quip in a research report on Friday, November 10th.
In related news, CFO Jeffrey J. Bird sold 1,931 shares of the company’s stock in a transaction 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 transaction, the chief financial officer now directly owns 24,719 shares of the company’s stock, valued at approximately $1,025,591.31. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP James C. Webster sold 4,890 shares of the company’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $41.49, for a total value of $202,886.10. Following the completion of the transaction, the vice president now directly owns 34,947 shares in the company, valued at $1,449,951.03. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 45,662 shares of company stock worth $1,927,019. Insiders own 0.87% of the company’s stock.
Shares of Dril-Quip (DRQ) traded down $0.20 during trading hours on Friday, reaching $54.00. 251,377 shares of the company were exchanged, compared to its average volume of 468,895. The company has a market capitalization of $2,040.00, a P/E ratio of -72.97 and a beta of 0.74. Dril-Quip has a 52 week low of $35.85 and a 52 week high of $67.95.
Dril-Quip (NYSE:DRQ) last issued its quarterly earnings results on Friday, October 27th. The oil and gas company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.06. The business had revenue of $100.35 million for the quarter, compared to the consensus estimate of $106.74 million. Dril-Quip had a negative return on equity of 8.55% and a negative net margin of 29.16%. The business’s quarterly revenue was down 18.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.63 earnings per share. equities research analysts forecast that Dril-Quip will post 0.21 EPS for the current year.
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.
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