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 has approved a stock buyback plan on Thursday, July 26th 2018, which authorizes the company to buyback $100,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 4.7% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's management believes its shares are undervalued.

Dril-Quip, Inc. (NYSE:DRQ) posted its quarterly earnings data on Thursday, October, 24th. The oil and gas company reported ($0.07) earnings per share 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 analyst estimates of $103.17 million. Dril-Quip had a negative net margin of 19.96% and a negative return on equity of 0.58%. Dril-Quip's quarterly revenue was up 16.1% on a year-over-year basis. During the same quarter last year, the firm earned ($0.20) earnings per share. 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 analysts have issued 12 month target prices for Dril-Quip's shares. Their forecasts range from $38.84 to $53.00. On average, they expect Dril-Quip's share price to reach $45.77 in the next twelve months. This suggests a possible upside of 2.3% 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.

Media stories about DRQ stock have been trending somewhat negative this week, InfoTrie reports. InfoTrie identifies positive and negative news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Dril-Quip earned a daily sentiment score of -1.4 on InfoTrie's scale. They also assigned news articles about the oil and gas company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View News Stories for Dril-Quip.

Dril-Quip saw a decline in short interest during the month of September. As of September 30th, there was short interest totalling 3,480,000 shares, a decline of 7.7% from the August 30th total of 3,770,000 shares. Based on an average daily volume of 345,900 shares, the days-to-cover ratio is currently 10.1 days. Approximately 9.7% of the company's shares are sold short. View Dril-Quip's Current Options Chain.

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), RPC (RES), Seacor (CKH), Tidewater (TDW), Newpark Resources (NR), 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 Alibaba Group (BABA), Bristol-Myers Squibb (BMY), CNH Industrial (CNHI), General Electric (GE), Helmerich & Payne (HP), JPMorgan Chase & Co. (JPM), MCCORMICK & CO /SH (MKC), National-Oilwell Varco (NOV), Visa (V) and Valley National Bancorp (VLY).

Dril-Quip's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders 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 acquired 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 $44.76.

Dril-Quip has a market capitalization of $1.62 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.