Dril-Quip (DRQ) Stock Price, News & Analysis

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Dril-Quip in the last twelve months. There are currently 1 sell rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" DRQ shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in DRQ, but not buy additional shares or sell existing shares.
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2 brokerages have issued 12-month price targets for Dril-Quip's stock. Their DRQ share price targets range from $22.00 to $40.00. On average, they predict the company's share price to reach $31.00 in the next year. This suggests a possible upside of 59.4% from the stock's current price.
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Dril-Quip's stock was trading at $23.27 at the beginning of the year. Since then, DRQ stock has decreased by 16.4% and is now trading at $19.45.
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Dril-Quip saw a decrease in short interest during the month of March. As of March 15th, there was short interest totaling 1,610,000 shares, a decrease of 5.8% from the February 29th total of 1,710,000 shares. Based on an average trading volume of 216,900 shares, the short-interest ratio is currently 7.4 days. Currently, 4.8% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Monday, May 13th 2024.
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Dril-Quip, Inc. (NYSE:DRQ) announced its quarterly earnings data on Monday, February, 26th. The oil and gas company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.18 by $0.14. The oil and gas company had revenue of $126.34 million for the quarter, compared to analyst estimates of $118.58 million. Dril-Quip had a negative trailing twelve-month return on equity of 0.58% and a net margin of 0.14%. The business's revenue for the quarter was up 30.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.06 earnings per share.

ETFs with the largest weight of Dril-Quip (NYSE:DRQ) stock in their portfolio include Invesco S&P SmallCap Energy ETF (PSCE), SPDR S&P Oil & Gas Equipment & Services ETF (XES), Direxion Daily Oil Services Bull 2X Shares (ONG), iShares U.S. Oil Equipment & Services ETF (IEZ) and VanEck Oil Services ETF (OIH).Inspire Small/Mid Cap ETF (ISMD).

Dril-Quip issued an update on its FY 2024 earnings guidance on Tuesday, February, 27th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $487.7 million-$508.9 million, compared to the consensus revenue estimate of $505.0 million.

65 employees have rated Dril-Quip Chief Executive Officer Blake T. DeBerry on Glassdoor.com. Blake T. DeBerry has an approval rating of 67% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Dril-Quip investors own include Helmerich & Payne (HP), Carnival Co. & (CCL), Gilead Sciences (GILD), Marathon Petroleum (MPC), NOV (NOV), Visa (V), Verizon Communications (VZ), Exxon Mobil (XOM), AbbVie (ABBV) and Alibaba Group (BABA).

Dril-Quip's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Bridge City Capital LLC (0.37%). Insiders that own company stock include A P Shukis, Blake T Deberry, Donald M Underwood, James C Webster, Jeffrey J Bird, John Lovoi, Kyle Mcclure, Raj Kumar and Terence Bartlett Jupp.
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Shares of DRQ stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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