Dril-Quip Stock Price, Forecast & Analysis (NYSE:DRQ)

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

Dril-Quip declared that its Board of Directors has authorized a stock buyback program on Thursday, July 26th 2018, which authorizes the company to buyback $100,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 4.7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board of directors believes its stock is undervalued.

Dril-Quip, Inc. (NYSE:DRQ) announced its quarterly earnings results on Thursday, October, 24th. The oil and gas company reported ($0.07) EPS for the quarter, missing the Zacks' consensus estimate of $0.12 by $0.19. The oil and gas company had revenue of $108.23 million for the quarter, compared to analysts' expectations of $103.17 million. Dril-Quip had a negative net margin of 19.96% and a negative return on equity of 0.58%. The business's revenue was up 16.1% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.20) EPS. View Dril-Quip's Earnings History.

Dril-Quip is scheduled to release their next quarterly earnings announcement on Tuesday, February 25th 2020. View Earnings Estimates for Dril-Quip.

7 brokerages have issued 1-year price targets for Dril-Quip's stock. Their forecasts range from $38.84 to $53.00. On average, they anticipate Dril-Quip's stock price to reach $45.77 in the next year. This suggests a possible upside of 5.0% from the stock's current price. View Analyst Price Targets for Dril-Quip.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Dril-Quip in the last year. There are currently 1 sell rating, 4 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Dril-Quip.

News stories about DRQ stock have trended extremely negative this week, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of media coverage by analyzing more than six thousand news and blog sources in real-time. 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 news impact score of -4.6 on InfoTrie's scale. They also assigned media coverage about the oil and gas company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View News Stories for Dril-Quip.

Some companies that are related to Dril-Quip include Schlumberger (SLB), Halliburton (HAL), TechnipFMC (FTI), National-Oilwell Varco (NOV), Oceaneering International (OII), Helix Energy Solutions Group (HLX), Oil States International (OIS), Seacor (CKH), RPC (RES), Newpark Resources (NR), Tidewater (TDW), Matrix Service (MTRX), Era Group (ERA), Geospace Technologies (GEOS) and TETRA Technologies (TTI).

Based on aggregate information from My MarketBeat watchlists, some companies that other Dril-Quip investors own include Cognizant Technology Solutions (CTSH), Alibaba Group (BABA), Bristol-Myers Squibb (BMY), CNH Industrial (CNHI), General Electric (GE), Helmerich & Payne (HP), MCCORMICK & CO /SH (MKC), National-Oilwell Varco (NOV), Bed Bath & Beyond (BBBY) and Baidu (BIDU).

Dril-Quip's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Fisher Asset Management LLC (4.81%), Gamco Investors INC. ET AL (1.59%), Boston Trust Walden Corp (1.52%), GW&K Investment Management LLC (1.08%), California Public Employees Retirement System (0.39%) and Rhumbline Advisers (0.33%). Company insiders that own Dril-Quip stock include A P Shukis, Blake T Deberry, James A Gariepy, James C Webster, Jeffrey J Bird and Raj Kumar. View Institutional Ownership Trends for Dril-Quip.

DRQ stock was sold by a variety of institutional investors in the last quarter, including Gamco Investors INC. ET AL, SG Americas Securities LLC, Gabelli Funds LLC, Nikko Asset Management Americas Inc., Sumitomo Mitsui Trust Holdings Inc., Fisher Asset Management LLC, HGK Asset Management Inc. and Virginia Retirement Systems ET AL. Company insiders that have sold Dril-Quip company stock in the last year include A P Shukis, Blake T Deberry, James C Webster, Jeffrey J Bird and Raj Kumar. View Insider Buying and Selling for Dril-Quip.

DRQ stock was purchased by a variety of institutional investors in the last quarter, including GW&K Investment Management LLC, Boston Trust Walden Corp, California Public Employees Retirement System, Strs Ohio, State of Alaska Department of Revenue, Meeder Asset Management Inc., Nisa Investment Advisors LLC and State of Tennessee Treasury Department. View Insider Buying and Selling for 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, Robinhood, Fidelity and Charles Schwab.

One share of DRQ stock can currently be purchased for approximately $43.59.

Dril-Quip has a market capitalization of $1.58 billion and generates $384.63 million in revenue each year. The oil and gas company earns $-95,690,000.00 in net income (profit) each year or ($0.63) on an earnings per share basis. Dril-Quip employs 1,926 workers across the globe.View Additional Information About Dril-Quip.

The official website for Dril-Quip is http://www.dril-quip.com/.

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.