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NYSE:DRQDril-Quip Stock Price, Forecast & News

$32.00
+0.14 (+0.44 %)
(As of 06/4/2020 04:00 PM ET)
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Today's Range
$31.72
Now: $32.00
$32.94
50-Day Range
$25.33
MA: $29.87
$35.02
52-Week Range
$23.91
Now: $32.00
$56.71
Volume378,000 shs
Average Volume343,181 shs
Market Capitalization$1.12 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.34
Dril-Quip, Inc., together with its subsidiaries, designs, manufactures, sells, and services onshore and offshore drilling and production equipment for use in deepwater, harsh environment, and severe service applications worldwide. It operates through three segments: Western Hemisphere, Eastern Hemisphere, and Asia-Pacific. The company's principal products include subsea and surface wellheads, subsea and surface production trees, subsea control systems and manifolds, mudline hanger systems, specialty connectors and associated pipes, drilling and production riser systems, liner hangers, wellhead connectors, diverters, and safety valves, as well as consumable downhole products. 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 the its products. 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 contractors, and engineering and construction companies. Dril-Quip, Inc. was founded in 1981 and is headquartered in Houston, Texas.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.1Community Rank: 1.9Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.12 out of 5 stars


Industry, Sector and Symbol

Industry Oil & gas field machinery
Sub-IndustryOil & Gas Equipment & Services
CUSIP26203710
Phone713-939-7711

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$414.81 million
Cash Flow$1.02 per share
Book Value$30.15 per share

Profitability

Net Income$1.72 million

Miscellaneous

Employees1,814
Market Cap$1.12 billion
Next Earnings Date7/23/2020 (Estimated)
OptionableOptionable

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Dril-Quip (NYSE:DRQ) Frequently Asked Questions

How has Dril-Quip's stock been impacted by COVID-19 (Coronavirus)?

Dril-Quip's stock was trading at $29.72 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, DRQ shares have increased by 7.7% and is now trading at $32.00. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Dril-Quip?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Dril-Quip in the last year. There are currently 1 sell rating, 7 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Dril-Quip.

When is Dril-Quip's next earnings date?

Dril-Quip is scheduled to release its next quarterly earnings announcement on Thursday, July 23rd 2020. View our earnings forecast for Dril-Quip.

How were Dril-Quip's earnings last quarter?

Dril-Quip, Inc. (NYSE:DRQ) issued its quarterly earnings results on Wednesday, May, 6th. The oil and gas company reported ($0.55) EPS for the quarter, missing analysts' consensus estimates of $0.01 by $0.56. The oil and gas company earned $96 million during the quarter, compared to analyst estimates of $99.83 million. Dril-Quip had a negative net margin of 2.86% and a positive return on equity of 0.61%. The firm's revenue was up 1.8% compared to the same quarter last year. During the same period last year, the business earned ($0.12) earnings per share. View Dril-Quip's earnings history.

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

Dril-Quip announced that its board has initiated a stock repurchase program on Thursday, July 26th 2018, which authorizes the company to buyback $100,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 4.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

What price target have analysts set for DRQ?

10 brokerages have issued twelve-month price targets for Dril-Quip's shares. Their forecasts range from $27.00 to $53.00. On average, they expect Dril-Quip's stock price to reach $37.33 in the next year. This suggests a possible upside of 16.7% from the stock's current price. View analysts' price targets for Dril-Quip.

Has Dril-Quip been receiving favorable news coverage?

News coverage about DRQ stock has been trending neutral recently, InfoTrie Sentiment Analysis reports. The research firm scores the sentiment of media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Dril-Quip earned a media sentiment score of 0.1 on InfoTrie's scale. They also gave news stories about the oil and gas company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near future. View the latest news aboutDril-Quip.

Who are some of Dril-Quip's key competitors?

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), Exxon Mobil (XOM), Gilead Sciences (GILD), Marathon Petroleum (MPC), National-Oilwell Varco (NOV), Verizon Communications (VZ), AbbVie (ABBV), Alibaba Group (BABA), Franklin Resources (BEN) and Carnival (CCL).

Who are Dril-Quip's key executives?

Dril-Quip's management team includes the following people:
  • Mr. Blake T. DeBerry, Pres, CEO & Director (Age 59)
  • Mr. Jeffrey J. Bird, Sr. VP of Production Operations & CFO (Age 52)
  • Mr. James A. Gariepy, Sr. VP & COO (Age 62)
  • Mr. James C. Webster, VP, Gen. Counsel & Sec. (Age 49)
  • Mr. Raj Kumar, VP of Fin. & Chief Accounting Officer (Age 46)

What is Dril-Quip's stock symbol?

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

Who are Dril-Quip's major shareholders?

Dril-Quip's stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (15.62%), Alliancebernstein L.P. (6.30%), Fisher Asset Management LLC (4.15%), State Street Corp (3.90%), Bank of New York Mellon Corp (2.37%) and Gamco Investors INC. ET AL (1.81%). Company insiders that own Dril-Quip stock include A P Shukis, Blake T Deberry, James A Gariepy, James C Webster, Jeffrey J Bird and Raj Kumar. View institutional ownership trends for Dril-Quip.

Which institutional investors are selling Dril-Quip stock?

DRQ stock was sold by a variety of institutional investors in the last quarter, including Waddell & Reed Financial Inc., Deutsche Bank AG, Invesco Ltd., BlackRock Inc., Mesirow Financial Investment Management Equity Management, Boston Trust Walden Corp, KBC Group NV, and Fisher Asset Management LLC. Company insiders that have sold Dril-Quip company stock in the last year include A P Shukis, Blake T Deberry, James C Webster, Jeffrey J Bird, and Raj Kumar. View insider buying and selling activity for Dril-Quip.

Which institutional investors are buying Dril-Quip stock?

DRQ stock was purchased by a variety of institutional investors in the last quarter, including Channing Capital Management LLC, STA Wealth Management LLC, GW&K Investment Management LLC, Balyasny Asset Management LLC, State Street Corp, New York State Common Retirement Fund, JPMorgan Chase & Co., and Bank of New York Mellon Corp. View insider buying and selling activity for Dril-Quip.

How do I buy shares of Dril-Quip?

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

What is Dril-Quip's stock price today?

One share of DRQ stock can currently be purchased for approximately $32.00.

How big of a company is Dril-Quip?

Dril-Quip has a market capitalization of $1.12 billion and generates $414.81 million in revenue each year. The oil and gas company earns $1.72 million in net income (profit) each year or $0.08 on an earnings per share basis. Dril-Quip employs 1,814 workers across the globe.

What is Dril-Quip's official website?

The official website for Dril-Quip is www.dril-quip.com.

How can I contact Dril-Quip?

Dril-Quip's mailing address is 6401 N. ELDRIDGE PARKWAY, HOUSTON TX, 77041. The oil and gas company can be reached via phone at 713-939-7711.

This page was last updated on 6/5/2020 by MarketBeat.com Staff

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