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

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Dril-Quip in the last year. There are currently 1 sell rating and 1 buy rating for the stock. The consensus among Wall Street equities 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.
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2 analysts have issued 12 month price objectives for Dril-Quip's stock. Their DRQ share price targets range from $22.00 to $40.00. On average, they predict the company's stock price to reach $31.00 in the next year. This suggests a possible upside of 45.7% from the stock's current price.
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Dril-Quip's stock was trading at $23.27 on January 1st, 2024. Since then, DRQ stock has decreased by 8.6% and is now trading at $21.28.
View the best growth stocks for 2024 here.

Dril-Quip saw a decline in short interest in the month of March. As of March 15th, there was short interest totaling 1,610,000 shares, a decline of 5.8% from the February 29th total of 1,710,000 shares. Based on an average daily trading volume, of 216,900 shares, the short-interest ratio is presently 7.4 days. Approximately 4.8% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Monday, May 13th 2024.
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Dril-Quip, Inc. (NYSE:DRQ) announced its quarterly earnings results on Monday, February, 26th. The oil and gas company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.18 by $0.14. The oil and gas company earned $126.34 million during the quarter, compared to analyst estimates of $118.58 million. Dril-Quip had a net margin of 0.14% and a negative trailing twelve-month return on equity of 0.58%. Dril-Quip's revenue for the quarter was up 30.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.06 earnings per share.

ETFs with the largest weight of Dril-Quip (NYSE:DRQ) stock in their portfolio include Invesco S&P SmallCap Energy ETF (PSCE), SPDR S&P Oil & Gas Equipment & Services ETF (XES), VanEck Oil Services ETF (OIH), Direxion Daily Oil Services Bull 2X Shares (ONG) and iShares U.S. Oil Equipment & Services ETF (IEZ).Inspire Small/Mid Cap ETF (ISMD).

Dril-Quip updated its FY 2024 earnings guidance on Tuesday, February, 27th. The company provided EPS guidance of for the period. The company issued revenue guidance of $487.7 million-$508.9 million, compared to the consensus revenue estimate of $505.0 million.

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.

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).

Dril-Quip's stock is owned by a variety of institutional and retail investors. Top institutional investors include Bridge City Capital LLC (0.37%). Insiders that own company stock include A P Shukis, Blake T Deberry, Donald M Underwood, James C Webster, Jeffrey J Bird, John Lovoi, Kyle Mcclure, Raj Kumar and Terence Bartlett Jupp.
View institutional ownership trends.

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