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MU   55.63 (-4.76%)
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NYSE:DRQ

Dril-Quip - DRQ Stock Forecast, Price & News

$22.91
-0.67 (-2.84%)
(As of 11/28/2022 03:34 PM ET)
Add
Compare
Today's Range
$22.91
$23.40
50-Day Range
$19.18
$26.46
52-Week Range
$18.17
$41.23
Volume
4,807 shs
Average Volume
297,486 shs
Market Capitalization
$777.11 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$35.00

Dril-Quip MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
50.7% Upside
$35.00 Price Target
Short Interest
Bearish
4.26% of Float Sold Short
Dividend Strength
N/A
Sustainability
-6.22
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
Selling Shares
$678,412 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.49) to ($0.06) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.92 out of 5 stars

Oils/Energy Sector

147th out of 245 stocks

Oil & Gas Field Machinery Industry

9th out of 12 stocks

DRQ stock logo

About Dril-Quip (NYSE:DRQ) Stock

Dril-Quip, Inc., together with its subsidiaries, designs, manufactures, sells, and services engineered drilling and production equipment for use in deepwater, harsh environment, and severe service applications worldwide. The company's principal products include subsea and surface wellheads, subsea and surface production trees, mudline hanger systems, specialty connectors and associated pipes, drilling and production riser systems, liner hangers, wellhead connectors, diverters, and safety valves, as well as downhole tools. 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 its products; and downhole tools comprise of liner hangers, production packers, safety valves, and specialty downhole tools that are used to hang-off and seal casing into a previously installed casing string in the well bore. 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. The company was founded in 1981 and is headquartered in Houston, Texas.

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DRQ Stock News Headlines

Dril-Quip, Inc. Announces Third Quarter 2022 Results
A Preview Of Dril-Quip's Earnings
Dril-Quip Inc. Q2 Loss Increases, misses estimates
See More Headlines
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DRQ Company Calendar

Last Earnings
10/27/2022
Today
11/28/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/22/2023

Industry, Sector and Symbol

Industry
Oil & gas field machinery
Sub-Industry
Oil & Gas Equipment & Services
CUSIP
26203710
Employees
1,342
Year Founded
1981

Price Target and Rating

Average Stock Price Forecast
$35.00
High Stock Price Forecast
$35.00
Low Stock Price Forecast
$35.00
Forecasted Upside/Downside
+52.8%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

Net Income
$-128,000,000.00
Pretax Margin
-19.18%

Debt

Sales & Book Value

Annual Sales
$322.95 million
Book Value
$25.35 per share

Miscellaneous

Free Float
33,235,000
Market Cap
$777.11 million
Optionable
Optionable
Beta
1.26

Social Links


Key Executives

  • Mr. Jeffrey J. BirdMr. Jeffrey J. Bird (Age 55)
    Pres, CEO & Director
    Comp: $894.2k
  • Mr. James C. WebsterMr. James C. Webster (Age 52)
    VP, Gen. Counsel & Sec.
    Comp: $621.3k
  • Mr. Kyle F. McClure (Age 47)
    VP & CFO
  • Blake Holcomb
    Director of Investor Relations & Corp. Planning
  • Mr. Mahesh R. Puducheri
    VP & Chief HR Officer













DRQ Stock - Frequently Asked Questions

Should I buy or sell Dril-Quip stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Dril-Quip in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" DRQ shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in DRQ, but not buy additional shares or sell existing shares.
View DRQ analyst ratings
or view top-rated stocks.

What is Dril-Quip's stock price forecast for 2023?

2 brokers have issued 12 month price objectives for Dril-Quip's stock. Their DRQ share price forecasts range from $35.00 to $35.00. On average, they anticipate the company's share price to reach $35.00 in the next twelve months. This suggests a possible upside of 48.4% from the stock's current price.
View analysts price targets for DRQ
or view top-rated stocks among Wall Street analysts.

How have DRQ shares performed in 2022?

Dril-Quip's stock was trading at $19.68 on January 1st, 2022. Since then, DRQ stock has increased by 19.8% and is now trading at $23.58.
View the best growth stocks for 2022 here
.

Are investors shorting Dril-Quip?

Dril-Quip saw a drop in short interest in October. As of October 31st, there was short interest totaling 1,360,000 shares, a drop of 8.7% from the October 15th total of 1,490,000 shares. Based on an average daily trading volume, of 228,300 shares, the days-to-cover ratio is presently 6.0 days. Currently, 4.1% of the company's stock are short sold.
View Dril-Quip's Short Interest
.

When is Dril-Quip's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 22nd 2023.
View our DRQ earnings forecast
.

How were Dril-Quip's earnings last quarter?

Dril-Quip, Inc. (NYSE:DRQ) released its earnings results on Thursday, October, 27th. The oil and gas company reported $0.05 EPS for the quarter, topping analysts' consensus estimates of ($0.08) by $0.13. The oil and gas company earned $88.14 million during the quarter, compared to the consensus estimate of $91.93 million. Dril-Quip had a negative net margin of 18.28% and a negative trailing twelve-month return on equity of 3.20%. The company's revenue for the quarter was up 6.2% on a year-over-year basis. During the same period last year, the company posted ($0.35) EPS.

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

Dril-Quip declared that its board has initiated a stock buyback program on Wednesday, February 23rd 2022, 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 11.2% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's leadership believes its shares are undervalued.

What is Blake T. DeBerry's approval rating as Dril-Quip's CEO?

65 employees have rated Dril-Quip Chief Executive Officer Blake T. DeBerry on Glassdoor.com. Blake T. DeBerry has an approval rating of 67% among the company's employees.

What other stocks do shareholders of Dril-Quip own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Dril-Quip investors own include Helmerich & Payne (HP), Carnival Co. & (CCL), Gilead Sciences (GILD), Marathon Petroleum (MPC), NOV (NOV), Visa (V), Verizon Communications (VZ), Exxon Mobil (XOM), AbbVie (ABBV) and Alibaba Group (BABA).

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 a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (16.70%), Vanguard Group Inc. (10.91%), Kayne Anderson Rudnick Investment Management LLC (10.13%), Fred Alger Management LLC (5.50%), Gamco Investors INC. ET AL (5.23%) and Gamco Investors INC. ET AL (5.23%). Insiders that own company stock include A P Shukis, Blake T Deberry, Donald M Underwood, James C Webster, Jeffrey J Bird, Kyle Mcclure, Raj Kumar and Terence Bartlett Jupp.
View institutional ownership trends
.

How do I buy shares of Dril-Quip?

Shares of DRQ stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Dril-Quip's stock price today?

One share of DRQ stock can currently be purchased for approximately $23.58.

How much money does Dril-Quip make?

Dril-Quip (NYSE:DRQ) has a market capitalization of $799.83 million and generates $322.95 million in revenue each year. The oil and gas company earns $-128,000,000.00 in net income (profit) each year or ($1.79) on an earnings per share basis.

How many employees does Dril-Quip have?

The company employs 1,342 workers across the globe.

Does Dril-Quip have any subsidiaries?
The following companies are subsidiares of Dril-Quip: DRQ Holdings C.V., DRQ Netherlands C.V, Dril-Quip (Europe) Limited, Dril-Quip (Ghana) Ltd., Dril-Quip (Nigeria) Ltd, Dril-Quip AP Holdings LLC, Dril-Quip Asia Pac LP, Dril-Quip Asia Pacific Pte Ltd, Dril-Quip B.V., Dril-Quip Cross Ghana Limited, Dril-Quip Dutch Holdings LLC, Dril-Quip Egypt for Petroleum Services S.A.E., Dril-Quip Foreign Interest LLC, Dril-Quip Holdings LLC, Dril-Quip Holdings Pty. Ltd, Dril-Quip Inc., Dril-Quip International LLC, Dril-Quip Investments LLC, Dril-Quip Oilfield Services (Tianjin) Co. Ltd., Dril-Quip Qatar LLC, Dril-Quip TIW Mexico S. de R.L. de C.V, Dril-Quip TIW Saudi Arabia LLC, Dril-Quip UK Holdco Ltd., Dril-Quip UK Holdings LLC, Dril-Quip UK LP, Dril-Quip Venezuela LLC, Dril-Quip Venezuela S.C.A., Dril-Quip do Brasil Ltda., Honing Inc., OilPatch Technologies, PT. DQ Oilfield Services Indonesia, Servicios Dril-Quip de México S. de R.L. de C.V., TIW (UK) Limited, TIW Canada U.L.C., TIW Corporation, TIW Corporation, TIW Hungary LLC, TIW Hunshare LLC, TIW International LLC, TIWEC S.A., and The Technologies Alliance Inc..
Read More
How can I contact Dril-Quip?

Dril-Quip's mailing address is 6401 N. ELDRIDGE PARKWAY, HOUSTON TX, 77041. The official website for the company is www.dril-quip.com. The oil and gas company can be reached via phone at (713) 939-7711, via email at erin_fazio@dril-quip.com, or via fax at 713-939-8060.

This page (NYSE:DRQ) was last updated on 11/28/2022 by MarketBeat.com Staff