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NYSE:DRQ

Dril-Quip (DRQ) Stock Price, News & Analysis

$18.67
-0.48 (-2.51%)
(As of 05/22/2024 ET)
Today's Range
$18.53
$19.24
50-Day Range
$18.10
$24.90
52-Week Range
$17.80
$30.93
Volume
336,602 shs
Average Volume
243,627 shs
Market Capitalization
$642.62 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$30.50

Dril-Quip MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
63.4% Upside
$30.50 Price Target
Short Interest
Healthy
3.64% of Float Sold Short
Dividend Strength
N/A
Sustainability
-6.22
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
Selling Shares
$266,190 Sold Last Quarter
Proj. Earnings Growth
93.33%
From $0.45 to $0.87 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.35 out of 5 stars

Oils/Energy Sector

106th out of 239 stocks

Oil & Gas Field Machinery Industry

8th out of 13 stocks

DRQ stock logo

About Dril-Quip Stock (NYSE:DRQ)

Dril-Quip, Inc., together with its subsidiaries, designs, manufactures, sells, and services engineered drilling and production equipment for offshore and onshore applications worldwide. The company's principal products include subsea and surface wellheads, specialty connectors and associated pipes, subsea production trees and systems, mudline hanger systems, production riser systems, dry tree systems, subsea manifolds, line hangers and expandable liner systems, multi-frac well connections, conventional wellheads, thermal wellheads, completion packers, and safety and kelly valves; and rig equipment comprises drilling riser systems, wellhead connectors, diverters, and cement manifolds. It also provides technical advisory assistance, and rework and reconditioning services, as well as rental and purchase of running tools for use in the installation and retrieval of its products; equipment installation and monitoring, storage, maintenance, and repair services; and downhole tools comprise of liner hangers, production packers, safety valves, and specialty downhole tools that are used to hang-off and seal casing into a previously installed casing string in the well bore. The company's products are used in the exploration and production of 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, Spars, and 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 and other oilfield contractors, and engineering and construction companies. Dril-Quip, Inc. was founded in 1981 and is headquartered in Houston, Texas.

DRQ Stock Price History

DRQ Stock News Headlines

Dril-Quip (NYSE:DRQ) PT Lowered to $21.00 at Barclays
Dril-Quip: Q1 Earnings Snapshot
Dril-Quip, Inc. (DRQ)
Seaport Global Reaffirms Their Hold Rating on Dril-Quip (DRQ)
Dril-Quip Inc. Q4 Earnings Summary
DRQ Mar 2024 20.000 put
DRQ Mar 2024 25.000 put
See More Headlines
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Company Calendar

Last Earnings
5/02/2024
Today
5/23/2024
Next Earnings (Estimated)
7/29/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Oil & gas field machinery
Sub-Industry
Oil & Gas Equipment & Services
CUSIP
26203710
Employees
1,659
Year Founded
1981

Price Target and Rating

Average Stock Price Target
$30.50
High Stock Price Target
$40.00
Low Stock Price Target
$21.00
Potential Upside/Downside
+63.4%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

Net Income
$600,000.00
Pretax Margin
-2.05%

Debt

Sales & Book Value

Annual Sales
$424.06 million
Cash Flow
$0.70 per share
Book Value
$24.91 per share

Miscellaneous

Free Float
33,835,000
Market Cap
$642.62 million
Optionable
Optionable
Beta
0.90

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DRQ Stock Analysis - Frequently Asked Questions

Should I buy or sell Dril-Quip stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Dril-Quip in the last twelve months. There are currently 1 sell rating and 1 buy rating for the stock. The consensus among Wall Street 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.
View DRQ analyst ratings
or view top-rated stocks.

What is Dril-Quip's stock price target for 2024?

2 analysts have issued 1 year target prices for Dril-Quip's stock. Their DRQ share price targets range from $21.00 to $40.00. On average, they predict the company's stock price to reach $30.50 in the next twelve months. This suggests a possible upside of 63.4% from the stock's current price.
View analysts price targets for DRQ
or view top-rated stocks among Wall Street analysts.

How have DRQ shares performed in 2024?

Dril-Quip's stock was trading at $23.27 at the beginning of 2024. Since then, DRQ stock has decreased by 19.8% and is now trading at $18.67.
View the best growth stocks for 2024 here
.

Are investors shorting Dril-Quip?

Dril-Quip saw a drop in short interest in April. As of April 15th, there was short interest totaling 1,260,000 shares, a drop of 18.2% from the March 31st total of 1,540,000 shares. Based on an average trading volume of 241,400 shares, the days-to-cover ratio is currently 5.2 days. Currently, 3.7% of the shares of the company are sold short.
View Dril-Quip's Short Interest
.

When is Dril-Quip's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, July 29th 2024.
View our DRQ earnings forecast
.

How were Dril-Quip's earnings last quarter?

Dril-Quip, Inc. (NYSE:DRQ) announced its quarterly earnings results on Thursday, May, 2nd. The oil and gas company reported ($0.62) earnings per share for the quarter. The oil and gas company earned $110.30 million during the quarter. Dril-Quip had a negative net margin of 4.89% and a negative trailing twelve-month return on equity of 2.98%.

What guidance has Dril-Quip issued on next quarter's earnings?

Dril-Quip updated its FY 2024 earnings guidance on Tuesday, February, 27th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $487.7 million-$508.9 million, compared to the consensus revenue estimate of $505.0 million.

What is Blake T. DeBerry's approval rating as Dril-Quip's CEO?

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.

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), 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).

Who are Dril-Quip's major shareholders?

Dril-Quip's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (11.27%), Gamco Investors INC. ET AL (6.42%), William Blair Investment Management LLC (3.60%), Gabelli Funds LLC (1.58%), Van ECK Associates Corp (1.47%) and Russell Investments Group Ltd. (0.93%). Insiders that own company stock include A P Shukis, Blake T Deberry, Donald M Underwood, James C Webster, Jeffrey J Bird, John Lovoi, Kyle Mcclure, Raj Kumar and Terence Bartlett Jupp.
View institutional ownership trends
.

How do I buy shares of Dril-Quip?

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

Does Dril-Quip have any subsidiaries?
The following companies are subsidiares of Dril-Quip: DRQ Holdings C.V., DRQ Netherlands C.V, Dril-Quip (Europe) Limited, Dril-Quip (Ghana) Ltd., Dril-Quip (Nigeria) Ltd, Dril-Quip AP Holdings LLC, Dril-Quip Asia Pac LP, Dril-Quip Asia Pacific Pte Ltd, Dril-Quip B.V., Dril-Quip Cross Ghana Limited, Dril-Quip Dutch Holdings LLC, Dril-Quip Egypt for Petroleum Services S.A.E., Dril-Quip Foreign Interest LLC, Dril-Quip Holdings LLC, Dril-Quip Holdings Pty. Ltd, Dril-Quip Inc., Dril-Quip International LLC, Dril-Quip Investments LLC, Dril-Quip Oilfield Services (Tianjin) Co. Ltd., Dril-Quip Qatar LLC, Dril-Quip TIW Mexico S. de R.L. de C.V, Dril-Quip TIW Saudi Arabia LLC, Dril-Quip UK Holdco Ltd., Dril-Quip UK Holdings LLC, Dril-Quip UK LP, Dril-Quip Venezuela LLC, Dril-Quip Venezuela S.C.A., Dril-Quip do Brasil Ltda., Honing Inc., OilPatch Technologies, PT. DQ Oilfield Services Indonesia, Servicios Dril-Quip de México S. de R.L. de C.V., TIW (UK) Limited, TIW Canada U.L.C., TIW Corporation, TIW Corporation, TIW Hungary LLC, TIW Hunshare LLC, TIW International LLC, TIWEC S.A., and The Technologies Alliance Inc..
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This page (NYSE:DRQ) was last updated on 5/23/2024 by MarketBeat.com Staff

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