Dril-Quip, Inc. (Dril-Quip) designs, manufactures, sells and services engineered offshore drilling and production equipment. The Company's principal products consist of subsea and surface wellheads, subsea and surface production trees, subsea control systems and manifolds, mudline hanger systems, specialty connectors and associated pipe, drilling and production riser systems, liner hangers, wellhead connectors and diverters. The Company's operations are organized into three geographic segments-Western Hemisphere, including North and South America; Eastern Hemisphere, including Europe and Africa, and Asia-Pacific, including the Pacific Rim, Southeast Asia, Australia, India and the Middle East. The Company provides services to customers, including technical advisory assistance and rental tools during installation and retrieval of the Company's products. The Company also provides rework and reconditioning services on its customer-owned products.
Industry, Sector and Symbol:
- Sector: Oils/Energy
- Industry: Oil & Gas Equipment & Services
- Sub-Industry: Oil & Gas Equipment & Services
- Exchange: NYSE
- Symbol: DRQ
- CUSIP: 26203710
- Previous Close: $64.30
- 50 Day Moving Average: $62.97
- 200 Day Moving Average: $57.40
- 52-Week Range: $46.90 - $69.40
- Trailing P/E Ratio: 17.43
- Foreward P/E Ratio: 108.25
- P/E Growth: -0.59
- Market Cap: $2.44B
- Outstanding Shares: 37,581,000
- Beta: 0.73
- Net Margins: 22.12%
- Return on Equity: 8.51%
- Return on Assets: 7.94%
Companies Related to Dril-Quip:
- Current Ratio: 13.35%
- Quick Ratio: 9.30%
What is Dril-Quip's stock symbol?
Dril-Quip trades on the New York Stock Exchange (NYSE) under the ticker symbol "DRQ."
Where is Dril-Quip's stock going? Where will Dril-Quip's stock price be in 2017?
12 brokerages have issued 12-month price targets for Dril-Quip's stock. Their forecasts range from $50.00 to $77.00. On average, they expect Dril-Quip's stock price to reach $61.09 in the next twelve months.
When will Dril-Quip announce their earnings?
Dril-Quip is scheduled to release their next quarterly earnings announcement on Thursday, February, 23rd 2017.
What are analysts saying about Dril-Quip stock?
Here are some recent quotes from research analysts about Dril-Quip stock:
According to Zacks Investment Research, "A pure play in the offshore drilling and production market, Dril-Quip's price chart shows that it has outperformed the broader market over the last three months. Dril-Quip's technically differentiated products and best-in-class margins make it an attractive investment. Moreover, Dril-Quip’s acquisition of downhole equipment specialist TIW Corp. is expected to broaden its product offerings. This is another positive. A strong balance sheet, significant positive cash flow and an experienced management team are other positives in Dril-Quip’s growth story. The company’s backlog of $378 million is expected to support quarterly activity in the near term. Despite the downturn in subsea drilling, Dril-Quip has been able to boost shareholders value by efficient portfolio management. This will help it in enhancing its financials." (2/23/2017)
Morgan Stanley analysts commented, "We expect orders to stabilize in the $100mm range, driven by wellhead inventory drawdown over the past 2 years." (8/1/2016)
Who owns Dril-Quip stock?
Dril-Quip's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include FMR LLC (13.42%), Dimensional Fund Advisors LP (4.97%), State Street Corp (3.06%), Atlanta Capital Management Co. L L C (2.96%), Janus Capital Management LLC (2.83%) and AQR Capital Management LLC (1.51%). Company insiders that own Dril-Quip stock include A P Shukis, Blake T Deberry, James A Gariepy, James C Webster and Jerry M Brooks.
Who sold Dril-Quip stock? Who is selling Dril-Quip stock?
Dril-Quip's stock was sold by a variety of institutional investors in the last quarter, including Marshall Wace LLP, Cipher Capital LP, Oxford Asset Management, Van ECK Associates Corp, Federated Investors Inc. PA, Frontier Capital Management Co. LLC, Putnam Investments LLC and Zebra Capital Management LLC. Company insiders that have sold Dril-Quip stock in the last year include A P Shukis, Blake T Deberry, James A Gariepy and Jerry M Brooks.
Who bought Dril-Quip stock? Who is buying Dril-Quip stock?
Dril-Quip's stock was purchased by a variety of institutional investors in the last quarter, including Value Holdings Management CO. LLC, AQR Capital Management LLC, Menta Capital LLC, Loomis Sayles & Co. L P, Dimensional Fund Advisors LP, State Street Corp, Russell Investments Group Ltd. and Arrowpoint Asset Management LLC.
How do I buy Dril-Quip stock?
Shares of Dril-Quip can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of Dril-Quip stock cost?
One share of Dril-Quip stock can currently be purchased for approximately $64.95.