S&P 500   4,287.91 (-0.27%)
DOW   33,505.67 (-0.48%)
QQQ   357.62 (-0.11%)
AAPL   171.04 (+0.21%)
MSFT   315.62 (+0.63%)
META   302.19 (-0.58%)
GOOGL   131.29 (-0.77%)
AMZN   126.61 (+0.50%)
TSLA   249.03 (+1.08%)
NVDA   434.99 (+0.95%)
NIO   8.97 (+0.67%)
BABA   86.83 (+1.51%)
AMD   103.23 (+0.46%)
T   14.95 (-0.40%)
F   12.43 (-1.04%)
MU   67.60 (+3.68%)
CGC   0.78 (-3.80%)
GE   110.12 (-1.98%)
DIS   80.58 (+0.56%)
AMC   8.00 (+2.70%)
PFE   33.06 (+3.02%)
PYPL   58.21 (+0.05%)
NFLX   376.29 (-0.02%)
S&P 500   4,287.91 (-0.27%)
DOW   33,505.67 (-0.48%)
QQQ   357.62 (-0.11%)
AAPL   171.04 (+0.21%)
MSFT   315.62 (+0.63%)
META   302.19 (-0.58%)
GOOGL   131.29 (-0.77%)
AMZN   126.61 (+0.50%)
TSLA   249.03 (+1.08%)
NVDA   434.99 (+0.95%)
NIO   8.97 (+0.67%)
BABA   86.83 (+1.51%)
AMD   103.23 (+0.46%)
T   14.95 (-0.40%)
F   12.43 (-1.04%)
MU   67.60 (+3.68%)
CGC   0.78 (-3.80%)
GE   110.12 (-1.98%)
DIS   80.58 (+0.56%)
AMC   8.00 (+2.70%)
PFE   33.06 (+3.02%)
PYPL   58.21 (+0.05%)
NFLX   376.29 (-0.02%)
S&P 500   4,287.91 (-0.27%)
DOW   33,505.67 (-0.48%)
QQQ   357.62 (-0.11%)
AAPL   171.04 (+0.21%)
MSFT   315.62 (+0.63%)
META   302.19 (-0.58%)
GOOGL   131.29 (-0.77%)
AMZN   126.61 (+0.50%)
TSLA   249.03 (+1.08%)
NVDA   434.99 (+0.95%)
NIO   8.97 (+0.67%)
BABA   86.83 (+1.51%)
AMD   103.23 (+0.46%)
T   14.95 (-0.40%)
F   12.43 (-1.04%)
MU   67.60 (+3.68%)
CGC   0.78 (-3.80%)
GE   110.12 (-1.98%)
DIS   80.58 (+0.56%)
AMC   8.00 (+2.70%)
PFE   33.06 (+3.02%)
PYPL   58.21 (+0.05%)
NFLX   376.29 (-0.02%)
S&P 500   4,287.91 (-0.27%)
DOW   33,505.67 (-0.48%)
QQQ   357.62 (-0.11%)
AAPL   171.04 (+0.21%)
MSFT   315.62 (+0.63%)
META   302.19 (-0.58%)
GOOGL   131.29 (-0.77%)
AMZN   126.61 (+0.50%)
TSLA   249.03 (+1.08%)
NVDA   434.99 (+0.95%)
NIO   8.97 (+0.67%)
BABA   86.83 (+1.51%)
AMD   103.23 (+0.46%)
T   14.95 (-0.40%)
F   12.43 (-1.04%)
MU   67.60 (+3.68%)
CGC   0.78 (-3.80%)
GE   110.12 (-1.98%)
DIS   80.58 (+0.56%)
AMC   8.00 (+2.70%)
PFE   33.06 (+3.02%)
PYPL   58.21 (+0.05%)
NFLX   376.29 (-0.02%)
NYSE:DRQ

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

$27.96
-0.92 (-3.19%)
(As of 01:20 PM ET)
Compare
Today's Range
$27.84
▼
$28.87
50-Day Range
$24.79
▼
$30.53
52-Week Range
$19.47
▼
$35.95
Volume
77,928 shs
Average Volume
252,674 shs
Market Capitalization
$955.39 million
P/E Ratio
46.60
Dividend Yield
N/A
Price Target
$26.00
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability

Dril-Quip MarketRank™ Forecast

Analyst Rating
Sell
1.00 Rating Score
Upside/​Downside
7.9% Downside
$26.00 Price Target
Short Interest
Bearish
5.03% of Float Sold Short
Dividend Strength
N/A
Sustainability
-6.22
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
431.25%
From $0.16 to $0.85 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

0.75 out of 5 stars

Oils/Energy Sector

248th out of 249 stocks

Oil & Gas Field Machinery Industry

12th out of 12 stocks

See Top Rated MarketRank™ Stocks Here

DRQ stock logo

About Dril-Quip (NYSE:DRQ) Stock

Dril-Quip, Inc., together with its subsidiaries, designs, manufactures, sells, and services engineered drilling and production equipment for for both offshore and onshore applications worldwide. The company's principal products include subsea and surface wellheads, subsea and surface production trees, mudline hanger systems, specialty connectors and associated pipes, drilling and production riser systems, liner hangers, wellhead connectors, diverters, and safety valves. It also provides technical advisory services, and rework and reconditioning services, as well as rental and purchase of running tools for use in the installation and retrieval of its products; and downhole tools comprise of liner hangers, production packers, safety valves, and specialty downhole tools that are used to hang-off and seal casing into a previously installed casing string in the well bore. The company's products are used to explore for oil and gas from offshore drilling rigs, such as floating rigs and jack-up rigs; and for drilling and production of oil and gas wells on offshore platforms, tension leg platforms, and Spars, as well as moored vessels, such as floating production, storage, and offloading monohull moored vessels. It sells its products directly through its sales personnel, independent sales agents, and representatives to integrated, independent, and foreign national oil and gas companies, as well as drilling and other oilfield contractors, and engineering and construction companies. The company was founded in 1981 and is headquartered in Houston, Texas.

DRQ Price History

DRQ Stock News Headlines

September 28, 2023 | americanbankingnews.com
Dril-Quip (NYSE:DRQ) Stock Price Passes Above 200-Day Moving Average of $26.42
September 19, 2023 | finance.yahoo.com
Calculating The Fair Value Of Dril-Quip, Inc. (NYSE:DRQ)
September 29, 2023 | PressReach (Ad)
This Stock's a Sleeping Giant
The stock everyone has their eye on - discover why it's the talk of the investment world.
September 13, 2023 | finance.yahoo.com
Dril-Quip Inc's Meteoric Rise: Unpacking the 22% Surge in Just 3 Months
August 30, 2023 | finance.yahoo.com
Dril-Quip (DRQ) Up 0.6% Since Last Earnings Report: Can It Continue?
August 29, 2023 | finance.yahoo.com
Dril-Quip, Inc. To Participate in the Barclays CEO Energy-Power Conference
August 23, 2023 | msn.com
Dril-Quip: New Outlook And Re-Segmentation Could Push The Price Up
August 23, 2023 | money.usnews.com
Dril-Quip, Inc.
September 29, 2023 | PressReach (Ad)
This Stock's a Sleeping Giant
The stock everyone has their eye on - discover why it's the talk of the investment world.
August 2, 2023 | finance.yahoo.com
Q2 2023 Dril-Quip Inc Earnings Call and M&A Call
August 1, 2023 | seekingalpha.com
Dril-Quip, Inc. 2023 Q2 - Results - Earnings Call Presentation
July 31, 2023 | markets.businessinsider.com
Dril-Quip Inc. Q2 Earnings Summary
July 31, 2023 | finance.yahoo.com
Dril-Quip, Inc. Announces Acquisition of Great North, Expanding Its Market Presence in Well Construction
July 31, 2023 | finance.yahoo.com
Dril-Quip, Inc. Announces Second Quarter 2023 Results
July 30, 2023 | markets.businessinsider.com
Dril-Quip earnings preview: what Wall Street is expecting
July 28, 2023 | benzinga.com
Dril-Quip's Earnings: A Preview
July 28, 2023 | finance.yahoo.com
Dril-Quip, Inc. Schedules Second Quarter 2023 Earnings Release and Conference Call
July 26, 2023 | finance.yahoo.com
Shareholders in Dril-Quip (NYSE:DRQ) are in the red if they invested five years ago
June 8, 2023 | finance.yahoo.com
Dril-Quip, Inc.'s (NYSE:DRQ) Business Is Trailing The Industry But Its Shares Aren't
June 8, 2023 | benzinga.com
Dril-Quip Stock (NYSE:DRQ), Short Interest Report
June 7, 2023 | finanznachrichten.de
Dril-Quip, Inc. Announces Successful Installation of BigBore IIe Wellhead System for Petrobras Exploratory Project in the Santos Basin
June 7, 2023 | finance.yahoo.com
Dril-Quip, Inc. Announces Successful Installation of BigBore(TM) IIe Wellhead System for Petrobras Exploratory Project in the Santos Basin
June 7, 2023 | finance.yahoo.com
Dril-Quip, Inc. Announces Successful Installation of BigBore(TM) IIe Wellhead System for Petrobras Exploratory Project in the Santos Basin
June 7, 2023 | finance.yahoo.com
Dril-Quip (DRQ) Down 4.7% Since Last Earnings Report: Can It Rebound?
June 5, 2023 | finance.yahoo.com
The Zacks Analyst Blog Highlights NOW, Murphy USA and Dril-Quip
May 26, 2023 | finance.yahoo.com
BP Makes Significant Oil Discovery in Norway's North Sea
May 26, 2023 | finance.yahoo.com
Here's Why Hold Strategy is Apt for Antero Midstream (AM) Stock
See More Headlines
Receive DRQ Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Dril-Quip and its competitors with MarketBeat's FREE daily newsletter.

DRQ Company Calendar

Last Earnings
7/31/2023
Today
9/29/2023
Next Earnings (Estimated)
10/26/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Oil & gas field machinery
Sub-Industry
Oil & Gas Equipment & Services
Sector
Oils/Energy
Current Symbol
NYSE:DRQ
CUSIP
26203710
CIK
1042893
Web
www.dril-quip.com
Phone
(713) 939-7711
Fax
713-939-8060
Employees
1,356
Year Founded
1981

Price Target and Rating

Average Stock Price Forecast
$26.00
High Stock Price Forecast
$26.00
Low Stock Price Forecast
$26.00
Forecasted Upside/Downside
-10.0%
Consensus Rating
Sell
Rating Score (0-4)
1.00
Research Coverage
1 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$0.60
Trailing P/E Ratio
48.13
Forward P/E Ratio
180.50
P/E Growth
N/A
Net Income
$440,000.00
Net Margins
5.68%
Pretax Margin
7.42%
Return on Equity
0.26%
Return on Assets
0.24%

Debt

Debt-to-Equity Ratio
N/A
Current Ratio
8.57
Quick Ratio
6.70

Sales & Book Value

Annual Sales
$362.07 million
Price / Sales
2.73
Cash Flow
$0.61 per share
Price / Cash Flow
47.30
Book Value
$25.79 per share
Price / Book
1.12

Miscellaneous

Outstanding Shares
34,170,000
Free Float
33,662,000
Market Cap
$986.83 million
Optionable
Optionable
Beta
1.05

Social Links

7 AI Stocks to Invest In: An Introduction to AI Investing For Self-Directed Investors Cover
7 AI Stocks to Invest In: An Introduction to AI Investing For Self-Directed Investors

As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.

Get This Free Report

Key Executives

  • Mr. Jeffrey J. BirdMr. Jeffrey J. Bird (Age 56)
    Pres, CEO & Director
    Comp: $1.23M
  • Mr. Kyle F. McClure (Age 48)
    VP & CFO
    Comp: $925.06k
  • Mr. James C. WebsterMr. James C. Webster (Age 53)
    VP, Gen. Counsel & Sec.
    Comp: $656.82k
  • Mr. Donald M. Underwood
    VP of Subsea Products
  • Mr. John Mossop
    VP of Technology & Energy Transition
  • Ms. Erin Fazio
    Director of Corp. Devel., Investor Relations & FP&A
  • Mr. Mahesh R. Puducheri
    VP & Chief HR Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













DRQ Stock - Frequently Asked Questions

Should I buy or sell Dril-Quip stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Dril-Quip in the last year. There are currently 1 sell rating for the stock. The consensus among Wall Street equities research analysts is that investors should "sell" DRQ shares.
View DRQ analyst ratings or view top-rated stocks.

What is Dril-Quip's stock price forecast for 2023?

1 Wall Street research analysts have issued twelve-month price objectives for Dril-Quip's shares. Their DRQ share price forecasts range from $26.00 to $26.00. On average, they expect the company's stock price to reach $26.00 in the next year. This suggests that the stock has a possible downside of 10.0%.
View analysts price targets for DRQ or view top-rated stocks among Wall Street analysts.

How have DRQ shares performed in 2023?

Dril-Quip's stock was trading at $27.17 at the start of the year. Since then, DRQ stock has increased by 6.3% and is now trading at $28.88.
View the best growth stocks for 2023 here.

When is Dril-Quip's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our DRQ earnings forecast.

How were Dril-Quip's earnings last quarter?

Dril-Quip, Inc. (NYSE:DRQ) announced its quarterly earnings results on Monday, July, 31st. The oil and gas company reported ($0.03) earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by $0.07. The oil and gas company had revenue of $89.60 million for the quarter, compared to the consensus estimate of $96.89 million. Dril-Quip had a trailing twelve-month return on equity of 0.26% and a net margin of 5.68%. The business's quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.10) EPS.

What ETFs hold Dril-Quip's stock?

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), VanEck Oil Services ETF (OIH) and iShares U.S. Oil Equipment & Services ETF (IEZ).Direxion Daily Oil Services Bull 2X Shares (ONG).

How will Dril-Quip's stock buyback program work?

Dril-Quip declared that its board has initiated a stock repurchase program on Wednesday, February 23rd 2022, which permits the company to buyback $100,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase up to 11.2% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

What guidance has Dril-Quip issued on next quarter's earnings?

Dril-Quip issued an update on its FY 2023 earnings guidance on Tuesday, August, 1st. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $434.48 million-$434.48 million, compared to the consensus revenue estimate of $390.50 million.

What is Blake T. DeBerry's approval rating as Dril-Quip's CEO?

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.

What other stocks do shareholders of Dril-Quip own?

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).

What is Dril-Quip's stock symbol?

Dril-Quip trades on the New York Stock Exchange (NYSE) under the ticker symbol "DRQ."

How do I buy shares of Dril-Quip?

Shares of DRQ stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Dril-Quip's stock price today?

One share of DRQ stock can currently be purchased for approximately $28.88.

How much money does Dril-Quip make?

Dril-Quip (NYSE:DRQ) has a market capitalization of $986.83 million and generates $362.07 million in revenue each year. The oil and gas company earns $440,000.00 in net income (profit) each year or $0.60 on an earnings per share basis.

How many employees does Dril-Quip have?

The company employs 1,356 workers across the globe.

Does Dril-Quip have any subsidiaries?
The following companies are subsidiares of Dril-Quip: DRQ Holdings C.V., DRQ Netherlands C.V, Dril-Quip (Europe) Limited, Dril-Quip (Ghana) Ltd., Dril-Quip (Nigeria) Ltd, Dril-Quip AP Holdings LLC, Dril-Quip Asia Pac LP, Dril-Quip Asia Pacific Pte Ltd, Dril-Quip B.V., Dril-Quip Cross Ghana Limited, Dril-Quip Dutch Holdings LLC, Dril-Quip Egypt for Petroleum Services S.A.E., Dril-Quip Foreign Interest LLC, Dril-Quip Holdings LLC, Dril-Quip Holdings Pty. Ltd, Dril-Quip Inc., Dril-Quip International LLC, Dril-Quip Investments LLC, Dril-Quip Oilfield Services (Tianjin) Co. Ltd., Dril-Quip Qatar LLC, Dril-Quip TIW Mexico S. de R.L. de C.V, Dril-Quip TIW Saudi Arabia LLC, Dril-Quip UK Holdco Ltd., Dril-Quip UK Holdings LLC, Dril-Quip UK LP, Dril-Quip Venezuela LLC, Dril-Quip Venezuela S.C.A., Dril-Quip do Brasil Ltda., Honing Inc., OilPatch Technologies, PT. DQ Oilfield Services Indonesia, Servicios Dril-Quip de México S. de R.L. de C.V., TIW (UK) Limited, TIW Canada U.L.C., TIW Corporation, TIW Corporation, TIW Hungary LLC, TIW Hunshare LLC, TIW International LLC, TIWEC S.A., and The Technologies Alliance Inc..
Read More
How can I contact Dril-Quip?

Dril-Quip's mailing address is 6401 N. ELDRIDGE PARKWAY, HOUSTON TX, 77041. The official website for the company is www.dril-quip.com. The oil and gas company can be reached via phone at (713) 939-7711, via email at erin_fazio@dril-quip.com, or via fax at 713-939-8060.

This page (NYSE:DRQ) was last updated on 9/29/2023 by MarketBeat.com Staff

My Account -