Dril-Quip Company Profile (NYSE:DRQ)

About Dril-Quip

Dril-Quip logoDril-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
Key Metrics:
  • 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
Profitability:
  • Net Margins: 22.12%
  • Return on Equity: 8.51%
  • Return on Assets: 7.94%
Debt:
  • Current Ratio: 13.35%
  • Quick Ratio: 9.30%
Additional Links:
Companies Related to Dril-Quip:

Analyst Ratings

Consensus Ratings for Dril-Quip (NYSE:DRQ) (?)
Ratings Breakdown: 8 Hold Ratings, 4 Buy Ratings
Consensus Rating:Hold (Score: 2.33)
Consensus Price Target: $61.09 (5.94% downside)

Analysts' Ratings History for Dril-Quip (NYSE:DRQ)
Show:
DateFirmActionRatingPrice TargetDetails
1/9/2017Barclays PLCUpgradeEqual Weight -> Overweight$54.00 -> $77.00View Rating Details
11/17/2016Evercore ISIInitiated CoverageBuy$59.00View Rating Details
10/27/2016ScotiabankReiterated RatingSector Perform$67.00 -> $59.00View Rating Details
10/27/2016Howard WeilLower Price TargetSector Perform$67.00 -> $59.00View Rating Details
10/18/2016Cowen and CompanyReiterated RatingMarket Perform$60.00View Rating Details
8/1/2016Morgan StanleyReiterated RatingHold$73.00View Rating Details
6/22/2016J P Morgan Chase & CoInitiated CoverageNeutral$53.00View Rating Details
4/28/2016SimmonsDowngradeOverweight -> Neutral$58.00 -> $50.00View Rating Details
4/28/2016Piper Jaffray CompaniesDowngradeOverweight -> NeutralView Rating Details
3/5/2016KLR GroupReiterated RatingBuyView Rating Details
2/29/2016FBR & CoLower Price TargetOutperform$70.00 -> $63.00View Rating Details
2/24/2016SunTrust Banks, Inc.DowngradeBuy -> Neutral$65.00 -> $51.00View Rating Details
2/22/2016Johnson RiceDowngradeBuy -> HoldView Rating Details
1/21/2016Robert W. BairdLower Price Target$72.00 -> $65.00View Rating Details
1/5/2016GMP SecuritiesReiterated RatingReduce$50.00View Rating Details
11/30/2015GuggenheimUpgradeNeutral -> Buy$75.00View Rating Details
7/31/2015Bank of America CorpDowngradeBuy -> NeutralView Rating Details
5/9/2015Sterne Agee CRTReiterated RatingNeutral$78.00 -> $83.00View Rating Details
3/30/2015Capital One Financial CorporationDowngradeOverweight -> Equal WeightView Rating Details
(Data available from 2/24/2015 forward)

Earnings

Earnings History for Dril-Quip (NYSE:DRQ)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
2/23/2017        
10/27/2016Q3$0.39$0.51$120.30 million$123.60 millionViewN/AView Earnings Details
7/29/2016Q2$0.67$0.96$149.33 million$142.40 millionViewN/AView Earnings Details
4/26/2016Q1 16$0.83$0.97$167.40 million$166.60 millionViewN/AView Earnings Details
2/25/2016Q4$1.06$1.42$195.10 million$201.60 millionViewN/AView Earnings Details
10/29/2015$1.15$1.32$210.84 million$204.40 millionViewN/AView Earnings Details
7/30/2015Q414$1.21$1.01$224.90 million$215.30 millionViewN/AView Earnings Details
4/30/2015Q1$1.15$1.38$223.59 million$226.00 millionViewN/AView Earnings Details
2/27/2015Q314$1.34$1.43$248.10 million$254.80 millionViewN/AView Earnings Details
10/31/2014Q214$1.30$1.40$240.35 million$241.70 millionViewN/AView Earnings Details
7/30/2014Q2$1.15$1.27$228.09 million$230.30 millionViewN/AView Earnings Details
5/9/2014Q114$1.20$1.04$241.70 million$2.01 billionViewN/AView Earnings Details
2/28/2014$1.14$1.21$232.70 million$232.40 millionViewN/AView Earnings Details
11/1/2013Q313$1.05$0.98$226.70 million$224.70 millionViewN/AView Earnings Details
8/2/2013Q2 2013$0.88$1.05$202.13 million$222.00 millionViewN/AView Earnings Details
5/3/2013Q1 2013$0.80$0.85$194.14 million$193.16 millionViewN/AView Earnings Details
2/28/2013Q4 2012$0.74$0.76$189.14 million$188.48 millionViewN/AView Earnings Details
11/9/2012Q312$0.74$0.73$178.30 million$190.90 millionViewN/AView Earnings Details
8/6/2012$0.70$0.74ViewN/AView Earnings Details
5/7/2012$0.67$0.71ViewN/AView Earnings Details
11/4/2011$0.59$0.58ViewN/AView Earnings Details
8/5/2011$0.59$0.55ViewN/AView Earnings Details
5/9/2011$0.57$0.54ViewN/AView Earnings Details
2/28/2011$0.70$0.52ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Dril-Quip (NYSE:DRQ)
Current Year EPS Consensus Estimate: $2.16 EPS
Next Year EPS Consensus Estimate: $0.60 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20165$0.79$0.92$0.82
Q2 20164$0.61$0.66$0.63
Q3 20164$0.39$0.52$0.44
Q4 20163$0.20$0.39$0.28
Q1 20172$0.11$0.20$0.16
Q2 20172$0.05$0.18$0.12
Q3 20172$0.10$0.20$0.15
Q4 20172$0.20$0.27$0.24
(Data provided by Zacks Investment Research)

Dividends

Dividend History for Dril-Quip (NYSE:DRQ)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading History for Dril-Quip (NYSE:DRQ)
Insider Ownership Percentage: 13.60%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
11/1/2016A P ShukisDirectorSell454$48.05$21,814.70View SEC Filing  
10/31/2016Blake T. DeberryInsiderSell9,101$47.59$433,116.59View SEC Filing  
10/31/2016James A GariepyCOOSell8,676$47.59$412,890.84View SEC Filing  
10/31/2016Jerry M BrooksVPSell3,169$47.59$150,812.71View SEC Filing  
10/29/2015Blake T. DeberryCEOSell3,231$60.81$196,477.11View SEC Filing  
10/29/2015James A. GariepyCOOSell3,095$60.81$188,206.95View SEC Filing  
10/29/2015James C. WebsterVPSell1,105$60.81$67,195.05View SEC Filing  
10/29/2015Jerry M. BrooksCFOSell1,131$60.81$68,776.11View SEC Filing  
10/27/2015James A. GariepyCOOSell7,368$62.12$457,700.16View SEC Filing  
10/27/2015James C. WebsterVPSell2,898$62.12$180,023.76View SEC Filing  
10/27/2015Jerry M. BrooksCFOSell3,146$62.12$195,429.52View SEC Filing  
3/3/2015Blake T DeberryCEOSell10,000$73.48$734,800.00View SEC Filing  
12/9/2014Blake T DeberryCEOSell2,264$76.56$173,331.84View SEC Filing  
10/29/2014James A GariepyCOOSell1,225$91.77$112,418.25View SEC Filing  
10/28/2014James A GariepyCOOSell1,760$87.99$154,862.40View SEC Filing  
10/28/2014James C WebsterVPSell693$87.99$60,977.07View SEC Filing  
10/28/2014Jerry M BrooksCFOSell752$87.99$66,168.48View SEC Filing  
10/28/2014L H Dick RobertsonDirectorSell187$89.36$16,710.32View SEC Filing  
12/9/2013Blake DeberryCEOSell2,320$108.93$252,717.60View SEC Filing  
10/28/2013Blake T DeberryCEOSell1,702$116.37$198,061.74View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Dril-Quip (NYSE:DRQ)
DateHeadline
biz.yahoo.com logoDRIL-QUIP INC Files SEC form 8-K, Other Events (NYSE:DRQ)
biz.yahoo.com - February 8 at 5:18 PM
finance.yahoo.com logoDril-Quip upgraded by Barclays (NYSE:DRQ)
finance.yahoo.com - January 9 at 4:43 PM
zacks.com logoDril-Quip Purchases OilPatch Technologies for $20 Million (NYSE:DRQ)
www.zacks.com - January 9 at 8:25 AM
News IconDril-Quip Continues Growth With Acquisition Of OPT (NYSE:DRQ)
www.epmag.com - January 7 at 3:22 AM
seekingalpha.com logoDril-Quip buys riser maker OilPatch Technologies for $20M (NYSE:DRQ)
seekingalpha.com - January 7 at 3:22 AM
streetinsider.com logoDril-Quip (DRQ) Acquires The Technologies Alliance for $20M (NYSE:DRQ)
www.streetinsider.com - January 7 at 3:22 AM
us.rd.yahoo.com logo6:00 am Dril-Quip acquires OilPatch Technologies for approximately $20 million funded with cash on hand, (NYSE:DRQ)
us.rd.yahoo.com - January 6 at 5:19 PM
publicnow.com logoDril-Quip Acquires The Technologies Alliance, Inc. d/b/a OilPatch Technologies (NYSE:DRQ)
www.publicnow.com - January 6 at 5:19 PM
feeds.reuters.com logoBRIEF-Dril-Quip acquires the Technologies Alliance D/B/A Oilpatch Technologies (NYSE:DRQ)
feeds.reuters.com - January 6 at 6:55 AM
barrons.com logo[$$] Stockpickers' Kingdom (NYSE:DRQ)
www.barrons.com - December 10 at 10:58 AM
News IconIs Dril-Quip, Inc. (DRQ) A Good Stock To Buy? (NYSE:DRQ)
feedproxy.google.com - November 27 at 3:42 PM
seekingalpha.com logoDril-Quip (DRQ) presents at BAML 2016 Global Energy Conference -Slideshow (NYSE:DRQ)
seekingalpha.com - November 20 at 8:49 AM
capitalcube.com logoETFs with exposure to Dril-Quip, Inc. : November 17, 2016 (NYSE:DRQ)
www.capitalcube.com - November 17 at 3:55 PM
4-traders.com logoDril-Quip, Inc. : to Present at Bank of America Merrill Lynch 2016 Global Energy Conference (NYSE:DRQ)
www.4-traders.com - November 16 at 10:24 PM
capitalcube.com logoDril-Quip, Inc. breached its 50 day moving average in a Bullish Manner : DRQ-US : November 16, 2016 (NYSE:DRQ)
www.capitalcube.com - November 16 at 4:45 PM
finance.yahoo.com logoDril-Quip, Inc. to Present at Bank of America Merrill Lynch 2016 Global Energy Conference (NYSE:DRQ)
finance.yahoo.com - November 15 at 5:03 PM
biz.yahoo.com logoDRIL-QUIP INC Files SEC form 8-K, Completion of Acquisition or Disposition of Assets (NYSE:DRQ)
biz.yahoo.com - November 14 at 10:13 PM
capitalcube.com logoDril-Quip, Inc. :DRQ-US: Earnings Analysis: Q3, 2016 By the Numbers : November 14, 2016 (NYSE:DRQ)
www.capitalcube.com - November 14 at 4:55 PM
streetinsider.com logoDril-Quip (DRQ) Announces Completion of TIW Corporation Acquisition (NYSE:DRQ)
www.streetinsider.com - November 11 at 9:56 PM
publicnow.com logoDril-Quip Completes Acquisition Of TIW Corporation (NYSE:DRQ)
www.publicnow.com - November 11 at 12:05 PM
finance.yahoo.com logoDRIL-QUIP INC Financials (NYSE:DRQ)
finance.yahoo.com - November 1 at 4:52 PM
finance.yahoo.com logoDril-Quip (DRQ) Q3 Earnings Beat Estimates, Decrease Y/Y (NYSE:DRQ)
finance.yahoo.com - October 31 at 4:45 PM
News IconDril-Quip Inc. (DRQ) Releases Q4 Earnings Guidance (NYSE:DRQ)
alltechnews.org - October 30 at 4:39 PM
rttnews.com logoDril-Quip Q3 Profit Falls (NYSE:DRQ)
www.rttnews.com - October 27 at 8:46 PM
nasdaq.com logoDril-Quip Inc. Q3 Income Retreats 63% (NYSE:DRQ)
www.nasdaq.com - October 27 at 8:46 PM
finance.yahoo.com logoDril-Quip, Inc. Announces Results For Third Quarter 2016 (NYSE:DRQ)
finance.yahoo.com - October 27 at 8:46 PM
biz.yahoo.com logoDRIL-QUIP INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibits (NYSE:DRQ)
biz.yahoo.com - October 27 at 8:46 PM
sg.finance.yahoo.com logoDril-Quip tops Street 3Q forecasts (NYSE:DRQ)
sg.finance.yahoo.com - October 27 at 9:17 AM
biz.yahoo.com logoDRIL-QUIP INC Files SEC form 8-K, Entry into a Material Definitive Agreement (NYSE:DRQ)
biz.yahoo.com - October 21 at 4:43 PM
capitalcube.com logoETF’s with exposure to Dril-Quip, Inc. : October 18, 2016 (NYSE:DRQ)
www.capitalcube.com - October 18 at 4:39 PM
finance.yahoo.com logoDril-Quip (DRQ) to Expand Product Offerings with TIW Buyout (NYSE:DRQ)
finance.yahoo.com - October 18 at 4:39 PM
finance.yahoo.com logoDril-Quip (DRQ) to Expand Product Offerings with TIW Buyout (NYSE:DRQ)
finance.yahoo.com - October 18 at 4:39 PM
rttnews.com logoDril-Quip Agrees To Buy TIW Corp. For $143 Mln - Quick Facts (NYSE:DRQ)
www.rttnews.com - October 18 at 9:42 AM
streetinsider.com logoDril-Quip (DRQ) to Acquire TIW Corporation in $143M Deal (NYSE:DRQ)
www.streetinsider.com - October 18 at 9:42 AM
finance.yahoo.com logoBlog Coverage Dril-Quip Reveals its First Acquisition for Approximately $143 Million (NYSE:DRQ)
finance.yahoo.com - October 18 at 9:42 AM
News IconBlog Coverage Dril Quip Reveals its First Acquisition for Approximately 143 Million Dollars (NYSE:DRQ)
news.investornetwork.com - October 18 at 9:42 AM
bizjournals.com logoHouston-based energy equipment co. makes its first acquisition for $143M (NYSE:DRQ)
www.bizjournals.com - October 17 at 4:40 PM
biz.yahoo.com logoDRIL-QUIP INC Files SEC form 8-K, Entry into a Material Definitive Agreement, Regulation FD Disclosure, Financial Sta (NYSE:DRQ)
biz.yahoo.com - October 17 at 9:42 AM
publicnow.com logoDril-Quip Agrees To Acquire TIW Corporation (NYSE:DRQ)
www.publicnow.com - October 17 at 9:42 AM
capitalcube.com logoDril-Quip, Inc. breached its 50 day moving average in a Bearish Manner : DRQ-US : October 17, 2016 (NYSE:DRQ)
www.capitalcube.com - October 17 at 9:42 AM
seekingalpha.com logoDril-Quip to buy TIW Corp. for $143M (NYSE:DRQ)
seekingalpha.com - October 17 at 8:47 AM
feeds.reuters.com logoBRIEF-Dril-Quip to buy TIW Corporation for about $143 million (NYSE:DRQ)
feeds.reuters.com - October 17 at 6:24 AM
nasdaq.com logoDRQ Makes Bullish Cross Above Critical Moving Average (NYSE:DRQ)
www.nasdaq.com - October 12 at 9:32 AM
zacks.com logoNew Strong Sell Stocks for October 6th (NYSE:DRQ)
www.zacks.com - October 6 at 10:15 AM
capitalcube.com logoDril-Quip, Inc. – Value Analysis (NYSE:DRQ) : October 4, 2016 (NYSE:DRQ)
www.capitalcube.com - October 4 at 4:37 PM
capitalcube.com logoDril-Quip, Inc. breached its 50 day moving average in a Bullish Manner : DRQ-US : October 3, 2016 (NYSE:DRQ)
www.capitalcube.com - October 3 at 9:27 AM
forbes.com logoDRQ Stock Crowded With Sellers (NYSE:DRQ)
www.forbes.com - September 20 at 4:19 PM
finance.yahoo.com logoDril-Quip, Inc. To Present At Johnson Rice 2016 Energy Conference (NYSE:DRQ)
finance.yahoo.com - September 19 at 9:22 AM
nasdaq.com logoLook Under The Hood: FTLB Has 10% Upside (NYSE:DRQ)
www.nasdaq.com - September 14 at 4:46 PM
nasdaq.com logoLook Under The Hood: FTLB Has 10% Upside (NYSE:DRQ)
www.nasdaq.com - September 14 at 4:46 PM

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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.

Dril-Quip (NYSE:DRQ) Chart for Friday, February, 24, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for Dril-Quip (NYSE:DRQ)

Earnings History Chart

Earnings by Quarter for Dril-Quip (NYSE:DRQ)

Dividend History Chart

Dividend Payments by Quarter for Dril-Quip (NYSE:DRQ)

Last Updated on 2/24/2017 by MarketBeat.com Staff