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
Current SymbolNYSE:DRQ
Previous Symbol
CUSIP26203710
Phone713-939-7711
Debt
Debt-to-Equity RatioN/A
Current Ratio13.15
Quick Ratio9.60
Price-To-Earnings
Trailing P/E Ratio134.15
Forward P/E Ratio-44.15
P/E GrowthN/A
Sales & Book Value
Annual Sales$455.47 million
Price / Sales2.74
Cash Flow$1.3415 per share
Price / Cash Flow26.00
Book Value$34.19 per share
Price / Book1.02
Profitability
EPS (Most Recent Fiscal Year)$0.26
Net Income$-100,630,000.00
Net Margins-23.34%
Return on Equity-1.95%
Return on Assets-1.81%
Miscellaneous
Employees2,355
Outstanding Shares35,780,000
Market Cap$1.25 billion
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 of Directors has initiated a stock 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 buy up to 4.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's management 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, beating analysts' consensus estimates of ($0.21) by $0.01. The oil and gas company earned $93.26 million during 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?
What price target have analysts set for DRQ?
6 brokerages have issued 1 year target prices for Dril-Quip's stock. Their forecasts range from $39.00 to $58.00. On average, they anticipate Dril-Quip's share price to reach $45.40 in the next twelve months. This suggests a possible upside of 30.2% from the stock's current price. View Analyst Price Targets for Dril-Quip.
What is the consensus analysts' recommendation for Dril-Quip?
6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Dril-Quip in the last year. There are currently 2 sell ratings and 4 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?
Media coverage about DRQ stock has trended somewhat positive recently, according to InfoTrie Sentiment. InfoTrie rates the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Dril-Quip earned a coverage optimism score of 0.8 on InfoTrie's scale. They also gave news headlines about the oil and gas company a news buzz of 1.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the immediate future.
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)
Who are Dril-Quip's major shareholders?
Dril-Quip's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (12.11%), Vanguard Group Inc. (9.65%), Dimensional Fund Advisors LP (8.81%), Alliancebernstein L.P. (6.15%), FMR LLC (4.97%) and Fisher Asset Management LLC (4.49%). 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 major investors are selling Dril-Quip stock?
DRQ stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Deutsche Bank AG, Renaissance Technologies LLC, Dalton Greiner Hartman Maher & Co., Speece Thorson Capital Group Inc., Morgan Stanley, Schroder Investment Management Group and Macquarie Group Ltd.. 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 major investors are buying Dril-Quip stock?
DRQ stock was purchased by a variety of institutional investors in the last quarter, including Fisher Asset Management LLC, Alliancebernstein L.P., TVR Capital Management LP, Gamco Investors INC. ET AL, Russell Investments Group Ltd., Vanguard Group Inc., Paloma Partners Management Co and SG Americas Securities 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 $34.88.
How big of a company is Dril-Quip?
Dril-Quip has a market capitalization of $1.25 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?
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.
