NYSE:DRQ - Dril-Quip Stock Price, News, & Analysis

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$37.34 -1.51 (-3.89 %)
(As of 02/21/2019 04:00 PM ET)
Previous Close$38.85
Today's Range$36.92 - $38.61
52-Week Range$26.62 - $58.95
Volume307,806 shs
Average Volume746,326 shs
Market Capitalization$1.34 billion
P/E Ratio143.62
Dividend YieldN/A
Beta1.46
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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Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$455.47 million
Cash Flow$1.2898 per share
Book Value$34.19 per share

Profitability

Net Income$-100,630,000.00

Miscellaneous

Employees2,355
Market Cap$1.34 billion
Next Earnings Date2/26/2019 (Confirmed)
OptionableOptionable

Dril-Quip (NYSE:DRQ) Frequently Asked Questions

What is Dril-Quip's stock symbol?

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

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

Dril-Quip declared that its board has authorized a share buyback plan on Thursday, July 26th 2018, which authorizes the company to repurchase $100,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 4.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its shares are undervalued.

How were Dril-Quip's earnings last quarter?

Dril-Quip, Inc. (NYSE:DRQ) released its quarterly earnings data on Thursday, October, 25th. The oil and gas company reported ($0.20) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.21) by $0.01. The oil and gas company had revenue of $93.26 million for the quarter, compared to analyst estimates of $85.96 million. Dril-Quip had a negative return on equity of 1.95% and a negative net margin of 23.34%. View Dril-Quip's Earnings History.

When is Dril-Quip's next earnings date?

Dril-Quip is scheduled to release their next quarterly earnings announcement on Tuesday, February 26th 2019. View Earnings Estimates for Dril-Quip.

What price target have analysts set for DRQ?

7 analysts have issued 12 month target prices for Dril-Quip's stock. Their predictions range from $38.84 to $58.00. On average, they expect Dril-Quip's share price to reach $45.3680 in the next year. This suggests a possible upside of 21.5% from the stock's current price. View Analyst Price Targets for Dril-Quip.

What is the consensus analysts' recommendation for Dril-Quip?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Dril-Quip in the last year. There are currently 1 sell rating and 6 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Dril-Quip.

Has Dril-Quip been receiving favorable news coverage?

News stories about DRQ stock have been trending somewhat positive this week, InfoTrie Sentiment Analysis reports. InfoTrie scores the sentiment of news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Dril-Quip earned a coverage optimism score of 1.7 on InfoTrie's scale. They also assigned news headlines about the oil and gas company a news buzz of 5.0 out of 10, indicating that recent news coverage is somewhat likely to have an effect on the company's share price in the next several days.

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 General Electric (GE), Alibaba Group (BABA), Bristol-Myers Squibb (BMY), Helmerich & Payne (HP), Visa (V), National-Oilwell Varco (NOV), JPMorgan Chase & Co. (JPM), HollyFrontier (HFC), Carnival (CCL) and TechnipFMC (FTI).

Who are Dril-Quip's key executives?

Dril-Quip's management team includes the folowing people:
  • Mr. Blake T. DeBerry, Pres, CEO & Director (Age 59)
  • Mr. Jeffrey J. Bird, VP & CFO (Age 52)
  • Mr. James A. Gariepy, Sr. VP & COO (Age 62)
  • Mr. James C. Webster, VP, Gen. Counsel & Sec. (Age 49)

Who are Dril-Quip's major shareholders?

Dril-Quip's stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (11.91%), Kayne Anderson Rudnick Investment Management LLC (9.26%), Dimensional Fund Advisors LP (8.68%), Fisher Asset Management LLC (4.74%), Northern Trust Corp (2.79%) and Bank of New York Mellon Corp (2.31%). Company insiders that own Dril-Quip stock include A P Shukis, Blake T Deberry, James A Gariepy, James C Webster and Jeffrey J Bird. 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 Boston Partners, Kayne Anderson Rudnick Investment Management LLC, Bank of New York Mellon Corp, London Co. of Virginia, BlackRock Inc., Dimensional Fund Advisors LP, Raymond James & Associates and Northern Trust Corp. Company insiders that have sold Dril-Quip company stock in the last year include A P Shukis, Blake T Deberry, James A Gariepy, James C Webster and Jeffrey J Bird. View Insider Buying and Selling 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 Millennium Management LLC, TVR Capital Management LP, Van ECK Associates Corp, BTIM Corp., Glacier Peak Capital LLC, Gabelli Funds LLC, Gamco Investors INC. ET AL and Rhumbline Advisers. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is Dril-Quip's stock price today?

One share of DRQ stock can currently be purchased for approximately $37.34.

How big of a company is Dril-Quip?

Dril-Quip has a market capitalization of $1.34 billion and generates $455.47 million in revenue each year. The oil and gas company earns $-100,630,000.00 in net income (profit) each year or $0.26 on an earnings per share basis. Dril-Quip employs 2,355 workers across the globe.

What is Dril-Quip's official website?

The official website for Dril-Quip is http://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.


MarketBeat Community Rating for Dril-Quip (NYSE DRQ)

Community Ranking:  1.8 out of 5 (star)
Outperform Votes:  245 (Vote Outperform)
Underperform Votes:  453 (Vote Underperform)
Total Votes:  698
MarketBeat's community ratings are surveys of what our community members think about Dril-Quip and other stocks. Vote "Outperform" if you believe DRQ will outperform the S&P 500 over the long term. Vote "Underperform" if you believe DRQ will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/21/2019 by MarketBeat.com Staff

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