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

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

Dril-Quip announced that its board has authorized a share repurchase program 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 buy up to 4.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's management believes its shares are undervalued.

Dril-Quip, Inc. (NYSE:DRQ) posted its earnings results on Thursday, July, 25th. The oil and gas company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by $0.01. The oil and gas company had revenue of $104 million for the quarter, compared to the consensus estimate of $97.19 million. Dril-Quip had a negative return on equity of 1.04% and a negative net margin of 23.06%. The business's quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.24) EPS. View Dril-Quip's Earnings History.

Dril-Quip is scheduled to release their next quarterly earnings announcement on Thursday, October 24th 2019. View Earnings Estimates for Dril-Quip.

6 analysts have issued 12 month price targets for Dril-Quip's stock. Their predictions range from $38.84 to $51.00. On average, they expect Dril-Quip's share price to reach $43.96 in the next year. This suggests that the stock has a possible downside of 14.8%. View Analyst Price Targets for Dril-Quip.

6 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 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Dril-Quip.

News stories about DRQ stock have been trending somewhat positive recently, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Dril-Quip earned a coverage optimism score of 0.8 on InfoTrie's scale. They also gave media coverage about the oil and gas company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock's share price in the near term. 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 trading volume, of 345,900 shares, the days-to-cover ratio is currently 10.1 days. Approximately 9.7% of the shares of the company are short sold. View Dril-Quip's Current Options Chain.

Some companies that are related to Dril-Quip include Cactus (WHD), NOW (DNOW), Oil States International (OIS), Newpark Resources (NR), Solaris Oilfield Infrastructure (SOI), Forum Energy Technologies (FET), Weatherford International (WFTIF), QS Energy (QSEP), Weatherford International (WFT), Deep Down (DPDW) and Freestone Resources (FSNR).

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 many different of institutional and retail investors. Top institutional shareholders include State of Alaska Department of Revenue (0.08%) and First Hawaiian Bank (0.05%). Company insiders that own Dril-Quip stock include A P Shukis, Blake T Deberry, James A Gariepy, James C Webster and Jeffrey J Bird. View Institutional Ownership Trends for Dril-Quip.

DRQ stock was purchased by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue and First Hawaiian Bank. 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 $51.59.

Dril-Quip has a market capitalization of $1.87 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.