NASDAQ:DTI

Drilling Tools International (DTI) Stock Price, News & Analysis

$5.65
+0.11 (+1.99%)
(As of 05/10/2024 ET)
Today's Range
$4.49
$5.72
50-Day Range
$2.80
$5.92
52-Week Range
$2.43
$10.58
Volume
58,067 shs
Average Volume
70,225 shs
Market Capitalization
$168.20 million
P/E Ratio
13.14
Dividend Yield
N/A
Price Target
$3.00

Drilling Tools International MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
46.9% Downside
$3.00 Price Target
Short Interest
Bearish
4.48% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.21mentions of Drilling Tools International in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
18.84%
From $0.69 to $0.82 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.70 out of 5 stars

Oils/Energy Sector

241st out of 242 stocks

Oil & Gas Field Machinery Industry

13th out of 13 stocks

DTI stock logo

About Drilling Tools International Stock (NASDAQ:DTI)

Drilling Tools International Corporation provides oilfield equipment and services to oil and natural gas sectors in North America, Europe, and the Middle East. It offers downhole tool rentals, machining, and inspection services to support the global drilling and wellbore construction industry. The company also provides products are bottom hole assembly components, such as stabilizers, subs, non-magnetic and steel drill collars, hole openers, and roller reamers, as well as drill pipe and drill pipe accessories; ancillary equipment and handling tools to support its rental platform, including float valves, ring gauges, tool baskets, lift bail, lift subs, mud magnets, elevators, bracket and bail assemblies, slips, tongs, stabbing guides and safety clamps; and blowout preventers, and pressure control accessory equipment. In addition, it offers tool rental services, which consists of rental, inspection, machining, and repair services; rents downhole drilling tools used in horizontal and directional drilling of oil and natural gas; rents kellys, pip joints, work strings; maintains a fleet of rental equipment consisting of drill collars, stabilizers, crossover subs, wellbore conditioning tools, drill pipe, hevi-wate drill pipe, and tubing; rents surface control equipment, such as blowout preventers and handling tools; and provides downhole products for producing wells. Drilling Tools International Corporation is headquartered in Houston, Texas.

DTI Stock Price History

DTI Stock News Headlines

The 2024 Gold Rush: Unleashing Market Potential
Welcome to the financial rollercoaster of 2024, where inflation is persistent, stock markets are overinflated and volatile, global conflicts are intensifying, and the national debt is reaching new heights.
The 2024 Gold Rush: Unleashing Market Potential
Welcome to the financial rollercoaster of 2024, where inflation is persistent, stock markets are overinflated and volatile, global conflicts are intensifying, and the national debt is reaching new heights.
Drilling Tools International Corp
Drilling Tools International Holdings Inc.
Drilling Tools International Corp DTI
See More Headlines
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Company Calendar

Last Earnings
5/09/2024
Today
5/11/2024
Next Earnings (Estimated)
8/12/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Oil & gas field machinery
Sub-Industry
N/A
Current Symbol
NASDAQ:DTI
Previous Symbol
NASDAQ:DTI
Fax
N/A
Employees
394
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$3.00
High Stock Price Target
$3.00
Low Stock Price Target
$3.00
Potential Upside/Downside
-46.9%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$14.75 million
Pretax Margin
13.02%

Debt

Sales & Book Value

Annual Sales
$152.03 million
Cash Flow
$1.28 per share
Book Value
$2.98 per share

Miscellaneous

Free Float
25,399,000
Market Cap
$168.20 million
Optionable
Not Optionable
Beta
-0.96
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Key Executives

  • Mr. R. Wayne Prejean (Age 62)
    CEO, President & Director
    Comp: $1.3M
  • Mr. David R. Johnson (Age 59)
    Chief Financial Officer
    Comp: $824.3k
  • Mr. Michael W. Domino Jr. (Age 49)
    President of Directional Tools Rentals Division
    Comp: $635.08k
  • Mr. Ronnie Russo
    Founder
  • Mr. David Cotten
    Director of Technical Services & QHSE
  • Mr. Aldo Rodriguez
    Vice President of Sales
  • Mr. Jameson Parker
    Vice President of Corporate Development
  • Ms. Veda Ragsdill
    Vice President of Human Resources

DTI Stock Analysis - Frequently Asked Questions

Should I buy or sell Drilling Tools International stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Drilling Tools International in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" DTI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in DTI, but not buy additional shares or sell existing shares.
View DTI analyst ratings
or view top-rated stocks.

What is Drilling Tools International's stock price target for 2024?

1 brokerages have issued twelve-month target prices for Drilling Tools International's shares. Their DTI share price targets range from $3.00 to $3.00. On average, they predict the company's stock price to reach $3.00 in the next year. This suggests that the stock has a possible downside of 46.9%.
View analysts price targets for DTI
or view top-rated stocks among Wall Street analysts.

How have DTI shares performed in 2024?

Drilling Tools International's stock was trading at $3.20 at the start of the year. Since then, DTI shares have increased by 76.6% and is now trading at $5.65.
View the best growth stocks for 2024 here
.

When is Drilling Tools International's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, August 12th 2024.
View our DTI earnings forecast
.

How were Drilling Tools International's earnings last quarter?

Drilling Tools International Co. (NASDAQ:DTI) posted its quarterly earnings results on Thursday, May, 9th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by $0.02. The business earned $36.97 million during the quarter. Drilling Tools International had a trailing twelve-month return on equity of 15.18% and a net margin of 8.21%.

What guidance has Drilling Tools International issued on next quarter's earnings?

Drilling Tools International issued an update on its FY 2024 earnings guidance on Thursday, May, 9th. The company provided EPS guidance of for the period. The company issued revenue guidance of $170.0 million-$185.0 million.

Who are Drilling Tools International's major shareholders?

Drilling Tools International's stock is owned by many different institutional and retail investors. Top institutional investors include Concurrent Investment Advisors LLC (0.29%) and Fifth Lane Capital LP (0.15%).
View institutional ownership trends
.

How do I buy shares of Drilling Tools International?

Shares of DTI 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.
Compare Top Brokerages Here.

This page (NASDAQ:DTI) was last updated on 5/11/2024 by MarketBeat.com Staff

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