Dril-Quip - DRQ Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Dril-Quip in the last twelve months. There are currently 2 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" DRQ shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in DRQ, but not buy additional shares or sell existing shares.
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2 Wall Street research analysts have issued 12 month price targets for Dril-Quip's stock. Their DRQ share price forecasts range from $35.00 to $35.00. On average, they predict the company's share price to reach $35.00 in the next twelve months. This suggests a possible upside of 48.7% from the stock's current price.
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Dril-Quip's stock was trading at $19.68 at the start of the year. Since then, DRQ stock has increased by 19.6% and is now trading at $23.54.
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Dril-Quip saw a decrease in short interest during the month of October. As of October 31st, there was short interest totaling 1,360,000 shares, a decrease of 8.7% from the October 15th total of 1,490,000 shares. Based on an average daily trading volume, of 228,300 shares, the days-to-cover ratio is currently 6.0 days. Approximately 4.1% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 22nd 2023.
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Dril-Quip, Inc. (NYSE:DRQ) posted its quarterly earnings results on Thursday, October, 27th. The oil and gas company reported $0.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.08) by $0.13. The oil and gas company had revenue of $88.14 million for the quarter, compared to analysts' expectations of $91.93 million. Dril-Quip had a negative net margin of 18.28% and a negative trailing twelve-month return on equity of 3.20%. The firm's quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.35) earnings per share.

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

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.

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).

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

Dril-Quip's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (16.70%), Vanguard Group Inc. (10.91%), Kayne Anderson Rudnick Investment Management LLC (10.13%), Fred Alger Management LLC (5.50%), Gamco Investors INC. ET AL (5.23%) and Gamco Investors INC. ET AL (5.23%). Insiders that own company stock include A P Shukis, Blake T Deberry, Donald M Underwood, James C Webster, Jeffrey J Bird, Kyle Mcclure, Raj Kumar and Terence Bartlett Jupp.
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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.
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One share of DRQ stock can currently be purchased for approximately $23.54.

Dril-Quip (NYSE:DRQ) has a market capitalization of $798.48 million and generates $322.95 million in revenue each year. The oil and gas company earns $-128,000,000.00 in net income (profit) each year or ($1.79) on an earnings per share basis.

The company employs 1,342 workers across the globe.

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.