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

$29.26
+1.20 (+4.28%)
(As of 02:15 PM ET)
Compare
Today's Range
$28.37
$29.45
50-Day Range
$24.79
$30.53
52-Week Range
$19.25
$35.95
Volume
111,326 shs
Average Volume
252,848 shs
Market Capitalization
$999.81 million
P/E Ratio
48.77
Dividend Yield
N/A
Price Target
$26.00

Dril-Quip MarketRank™ Forecast

Analyst Rating
Sell
1.00 Rating Score
Upside/​Downside
11.1% Downside
$26.00 Price Target
Short Interest
Bearish
5.03% of Float Sold Short
Dividend Strength
N/A
Sustainability
-6.22
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
431.25%
From $0.16 to $0.85 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.02 out of 5 stars

Oils/Energy Sector

245th out of 245 stocks

Oil & Gas Field Machinery Industry

12th out of 12 stocks


DRQ stock logo

About Dril-Quip (NYSE:DRQ) Stock

Dril-Quip, Inc., together with its subsidiaries, designs, manufactures, sells, and services engineered drilling and production equipment for for both offshore and onshore applications worldwide. The company's principal products include subsea and surface wellheads, subsea and surface production trees, mudline hanger systems, specialty connectors and associated pipes, drilling and production riser systems, liner hangers, wellhead connectors, diverters, and safety valves. 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 its products; 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 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 and other oilfield contractors, and engineering and construction companies. The company was founded in 1981 and is headquartered in Houston, Texas.

DRQ Price History

DRQ Stock News Headlines

Calculating The Fair Value Of Dril-Quip, Inc. (NYSE:DRQ)
U.S. drive to onshore battery supply chains could create big winners in lithium
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
Dril-Quip, Inc.
Q2 2023 Dril-Quip Inc Earnings Call and M&A Call
U.S. drive to onshore battery supply chains could create big winners in lithium
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
Dril-Quip Inc. Q2 Earnings Summary
Dril-Quip earnings preview: what Wall Street is expecting
Dril-Quip's Earnings: A Preview
See More Headlines
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DRQ Company Calendar

Last Earnings
7/31/2023
Today
9/27/2023
Next Earnings (Estimated)
10/26/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Oil & gas field machinery
Sub-Industry
Oil & Gas Equipment & Services
CUSIP
26203710
Employees
1,356
Year Founded
1981

Price Target and Rating

Average Stock Price Forecast
$26.00
High Stock Price Forecast
$26.00
Low Stock Price Forecast
$26.00
Forecasted Upside/Downside
-10.8%
Consensus Rating
Sell
Rating Score (0-4)
1.00
Research Coverage
1 Analysts

Profitability

Net Income
$440,000.00
Pretax Margin
7.42%

Debt

Sales & Book Value

Annual Sales
$362.07 million
Cash Flow
$0.63 per share
Book Value
$25.79 per share

Miscellaneous

Free Float
33,662,000
Market Cap
$996.06 million
Optionable
Optionable
Beta
1.05

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Key Executives

  • Mr. Jeffrey J. BirdMr. Jeffrey J. Bird (Age 56)
    Pres, CEO & Director
    Comp: $1.23M
  • Mr. Kyle F. McClure (Age 48)
    VP & CFO
    Comp: $925.06k
  • Mr. James C. WebsterMr. James C. Webster (Age 53)
    VP, Gen. Counsel & Sec.
    Comp: $656.82k
  • Mr. Donald M. Underwood
    VP of Subsea Products
  • Mr. John Mossop
    VP of Technology & Energy Transition
  • Ms. Erin Fazio
    Director of Corp. Devel., Investor Relations & FP&A
  • Mr. Mahesh R. Puducheri
    VP & Chief HR Officer













DRQ Stock - Frequently Asked Questions

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

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

What is Dril-Quip's stock price forecast for 2023?

1 analysts have issued 1 year price targets for Dril-Quip's shares. Their DRQ share price forecasts range from $26.00 to $26.00. On average, they predict the company's share price to reach $26.00 in the next year. This suggests that the stock has a possible downside of 10.8%.
View analysts price targets for DRQ
or view top-rated stocks among Wall Street analysts.

How have DRQ shares performed in 2023?

Dril-Quip's stock was trading at $27.17 on January 1st, 2023. Since then, DRQ shares have increased by 7.3% and is now trading at $29.15.
View the best growth stocks for 2023 here
.

When is Dril-Quip's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our DRQ earnings forecast
.

How were Dril-Quip's earnings last quarter?

Dril-Quip, Inc. (NYSE:DRQ) announced its earnings results on Monday, July, 31st. The oil and gas company reported ($0.03) EPS for the quarter, missing analysts' consensus estimates of $0.04 by $0.07. The oil and gas company had revenue of $89.60 million for the quarter, compared to analysts' expectations of $96.89 million. Dril-Quip had a net margin of 5.68% and a trailing twelve-month return on equity of 0.26%. The business's quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.10) earnings per share.

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

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

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

Dril-Quip updated its FY 2023 earnings guidance on Tuesday, August, 1st. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $434.48 million-$434.48 million, compared to the consensus revenue estimate of $390.50 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).

What is Dril-Quip's stock symbol?

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

Who are Dril-Quip's major shareholders?

Dril-Quip's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (16.15%), Gamco Investors INC. ET AL (5.73%), Gamco Investors INC. ET AL (5.72%), Dimensional Fund Advisors LP (5.72%), Kayne Anderson Rudnick Investment Management LLC (5.36%) and State Street Corp (4.03%). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Dril-Quip's stock price today?

One share of DRQ stock can currently be purchased for approximately $29.15.

How much money does Dril-Quip make?

Dril-Quip (NYSE:DRQ) has a market capitalization of $996.06 million and generates $362.07 million in revenue each year. The oil and gas company earns $440,000.00 in net income (profit) each year or $0.60 on an earnings per share basis.

How many employees does Dril-Quip have?

The company employs 1,356 workers across the globe.

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..
Read More
How can I contact Dril-Quip?

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.

This page (NYSE:DRQ) was last updated on 9/27/2023 by MarketBeat.com Staff

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