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NYSE:DRQ - Dril-Quip Stock Price, Forecast & News

$27.97
-1.95 (-6.52 %)
(As of 03/29/2020 08:33 AM ET)
Today's Range
$27.66
Now: $27.97
$29.44
50-Day Range
$26.74
MA: $35.96
$43.84
52-Week Range
$23.91
Now: $27.97
$56.71
Volume302,644 shs
Average Volume705,876 shs
Market Capitalization$1.00 billion
P/E Ratio559.51
Dividend YieldN/A
Beta1.6
Dril-Quip, Inc., together with its subsidiaries, designs, manufactures, sells, and services onshore and offshore drilling and production equipment for use in deepwater, harsh environment, and severe service applications worldwide. It operates through three segments: Western Hemisphere, Eastern Hemisphere, and Asia-Pacific. The company's principal products include subsea and surface wellheads, subsea and surface production trees, subsea control systems and manifolds, mudline hanger systems, specialty connectors and associated pipes, drilling and production riser systems, liner hangers, wellhead connectors, diverters, and safety valves, as well as consumable downhole products. 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 the its products. 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 contractors, and engineering and construction companies. Dril-Quip, Inc. was founded in 1981 and is headquartered in Houston, Texas.
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Dril-Quip logo

Industry, Sector and Symbol

Industry Oil & gas field machinery
Sub-IndustryOil & Gas Equipment & Services
SectorOils/Energy
CUSIP26203710
Phone713-939-7711

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$414.81 million
Cash Flow$0.95 per share
Book Value$30.15 per share

Profitability

Net Income$1.72 million

Miscellaneous

Employees1,814
Market Cap$1.00 billion
Next Earnings Date4/23/2020 (Estimated)
OptionableOptionable

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Dril-Quip (NYSE:DRQ) Frequently Asked Questions

How has Dril-Quip's stock been impacted by COVID-19 (Coronavirus)?

Dril-Quip's stock was trading at $29.72 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, DRQ shares have decreased by 5.9% and is now trading at $27.97. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Dril-Quip?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Dril-Quip in the last year. There are currently 1 sell rating, 5 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Dril-Quip.

When is Dril-Quip's next earnings date?

Dril-Quip is scheduled to release its next quarterly earnings announcement on Thursday, April 23rd 2020. View our earnings forecast for Dril-Quip.

How were Dril-Quip's earnings last quarter?

Dril-Quip, Inc. (NYSE:DRQ) announced its quarterly earnings data on Thursday, February, 27th. The oil and gas company reported $0.23 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.09. The oil and gas company had revenue of $108.50 million for the quarter, compared to analyst estimates of $105.53 million. Dril-Quip had a return on equity of 0.29% and a net margin of 0.41%. The company's revenue was up 11.5% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.04) EPS. View Dril-Quip's earnings history.

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

Dril-Quip announced that its board has approved a stock repurchase plan on Thursday, July 26th 2018, which allows the company to repurchase $100,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy up to 4.7% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board of directors believes its shares are undervalued.

What price target have analysts set for DRQ?

9 Wall Street analysts have issued 12 month price objectives for Dril-Quip's shares. Their forecasts range from $30.00 to $53.00. On average, they expect Dril-Quip's share price to reach $42.75 in the next year. This suggests a possible upside of 52.8% from the stock's current price. View analysts' price targets for Dril-Quip.

Has Dril-Quip been receiving favorable news coverage?

Press coverage about DRQ stock has trended somewhat positive on Sunday, according to InfoTrie. The research firm scores the sentiment of news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Dril-Quip earned a news impact score of 0.8 on InfoTrie's scale. They also gave media stories about the oil and gas company a news buzz of 2.0 out of 10, indicating that recent news coverage is very unlikely to have an impact on the stock's share price in the near future. View the latest news aboutDril-Quip.

Are investors shorting Dril-Quip?

Dril-Quip saw a increase in short interest in February. As of February 14th, there was short interest totaling 3,380,000 shares, an increase of 10.5% from the January 30th total of 3,060,000 shares. Based on an average daily trading volume, of 228,000 shares, the short-interest ratio is presently 14.8 days. Approximately 9.5% of the shares of the stock are short sold. View Dril-Quip's Current Options Chain.

Who are some of Dril-Quip's key competitors?

What other stocks do shareholders of Dril-Quip own?

Who are Dril-Quip's key executives?

Dril-Quip's management team includes the following people:
  • Mr. Blake T. DeBerry, Pres, CEO & Director (Age 59)
  • Mr. Jeffrey J. Bird, Sr. VP of Production Operations & CFO (Age 52)
  • Mr. James A. Gariepy, Sr. VP & COO (Age 62)
  • Mr. James C. Webster, VP, Gen. Counsel & Sec. (Age 49)
  • Mr. Raj Kumar, VP of Fin. & Chief Accounting Officer (Age 46)

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 many different retail and institutional investors. Top institutional shareholders include Kayne Anderson Rudnick Investment Management LLC (10.24%), Alliancebernstein L.P. (6.24%), State Street Corp (3.57%), Macquarie Group Ltd. (2.22%), Macquarie Group Ltd. (2.23%) and Bank of New York Mellon Corp (2.14%). 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.

Which major investors are selling Dril-Quip stock?

DRQ stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Bank of America Corp DE, Renaissance Technologies LLC, Kayne Anderson Rudnick Investment Management LLC, Thrivent Financial for Lutherans, Goldman Sachs Group Inc., Cubist Systematic Strategies LLC, and Bank of New York Mellon Corp. 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 activity for Dril-Quip.

Which major investors are buying Dril-Quip stock?

DRQ stock was acquired by a variety of institutional investors in the last quarter, including Norges Bank, Investment Counselors of Maryland LLC, State Street Corp, Jennison Associates LLC, Van ECK Associates Corp, Heartland Advisors Inc., Macquarie Group Ltd., and Macquarie Group Ltd.. View insider buying and selling activity for Dril-Quip.

How do I buy shares of 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.

What is Dril-Quip's stock price today?

One share of DRQ stock can currently be purchased for approximately $27.97.

How big of a company is Dril-Quip?

Dril-Quip has a market capitalization of $1.00 billion and generates $414.81 million in revenue each year. The oil and gas company earns $1.72 million in net income (profit) each year or $0.08 on an earnings per share basis. Dril-Quip employs 1,814 workers across the globe. View additional information about Dril-Quip.

What is Dril-Quip's official website?

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

How can I contact Dril-Quip?

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.


MarketBeat Community Rating for Dril-Quip (NYSE DRQ)

Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  321 (Vote Outperform)
Underperform Votes:  535 (Vote Underperform)
Total Votes:  856
MarketBeat's community ratings are surveys of what our community members think about Dril-Quip and other stocks. Vote "Outperform" if you believe DRQ will outperform the S&P 500 over the long term. Vote "Underperform" if you believe DRQ will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/29/2020 by MarketBeat.com Staff

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