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.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Oil & gas field machinery
Sub-IndustryOil & Gas Equipment & Services
SectorOils/Energy
SymbolNYSE:DRQ
CUSIP26203710
Phone713-939-7711
Debt
Debt-to-Equity RatioN/A
Current Ratio12.14
Quick Ratio8.85
Price-To-Earnings
Trailing P/E Ratio197.40
Forward P/E Ratio-76.54
P/E GrowthN/A
Sales & Book Value
Annual Sales$455.47 million
Price / Sales4.29
Cash Flow$1.4033 per share
Price / Cash37.09
Book Value$34.19 per share
Price / Book1.52
Profitability
EPS (Most Recent Fiscal Year)$0.26
Net Income$-100,630,000.00
Net Margins-27.63%
Return on Equity-1.19%
Return on Assets-1.11%
Miscellaneous
Employees2,355
Outstanding Shares37,550,000
Market Cap$1.87 billion
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 of Directors has authorized a share repurchase plan on Thursday, July 26th 2018, which allows the company to repurchase $100,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 4.7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board of directors believes its shares are undervalued.
How were Dril-Quip's earnings last quarter?
Dril-Quip, Inc. (NYSE:DRQ) announced its quarterly earnings data on Thursday, July, 26th. The oil and gas company reported ($0.24) EPS for the quarter, missing the Zacks' consensus estimate of ($0.08) by $0.16. The oil and gas company had revenue of $94.86 million for the quarter, compared to analyst estimates of $94.76 million. Dril-Quip had a negative return on equity of 1.19% and a negative net margin of 27.63%. The firm's revenue was down 25.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.09 earnings per share. View Dril-Quip's Earnings History.
When is Dril-Quip's next earnings date?
What price target have analysts set for DRQ?
9 equities research analysts have issued 12-month price objectives for Dril-Quip's stock. Their forecasts range from $40.00 to $61.00. On average, they anticipate Dril-Quip's stock price to reach $48.2857 in the next twelve months. This suggests that the stock has a possible downside of 7.2%. View Analyst Price Targets for Dril-Quip.
What is the consensus analysts' recommendation for Dril-Quip?
9 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 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Dril-Quip.
Who are some of Dril-Quip's key competitors?
Who are Dril-Quip's key executives?
Dril-Quip's management team includes the folowing people:
- Mr. Blake T. DeBerry, Pres, CEO & Director (Age 58)
- Mr. Jeffrey J. Bird, VP, CFO & Principal Accounting Officer (Age 51)
- Mr. James A. Gariepy, Sr. VP & COO (Age 61)
- Mr. James C. Webster, VP, Gen. Counsel & Sec. (Age 48)
Has Dril-Quip been receiving favorable news coverage?
News coverage about DRQ stock has trended somewhat positive this week, Accern reports. Accern ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Dril-Quip earned a media and rumor sentiment score of 0.18 on Accern's scale. They also assigned press coverage about the oil and gas company an impact score of 46.38 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company's share price in the next several days. View Recent Headlines for Dril-Quip.
Who are Dril-Quip's major shareholders?
Dril-Quip's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (11.59%), Dimensional Fund Advisors LP (8.41%), FMR LLC (7.59%), Fisher Asset Management LLC (2.85%), Bank of New York Mellon Corp (2.63%) and Macquarie Group Ltd. (1.94%). Company insiders that own Dril-Quip stock include A P Shukis, Blake T Deberry, James A Gariepy, James C Webster, Jeffrey J Bird and Jerry M Brooks. 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 FMR LLC, Wells Fargo & Company MN, Schroder Investment Management Group, Van ECK Associates Corp, Bank of New York Mellon Corp, Dimensional Fund Advisors LP, Sei Investments Co. and Nikko Asset Management Americas Inc.. 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 bought by a variety of institutional investors in the last quarter, including Fisher Asset Management LLC, Millennium Management LLC, BlackRock Inc., Waddell & Reed Financial Inc., Heartland Advisors Inc., Voya Investment Management LLC, Cullen Frost Bankers Inc. and Investment Counselors of Maryland LLC. 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 $52.05.
How big of a company is Dril-Quip?
Dril-Quip has a market capitalization of $1.87 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.
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)
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.
