Dril-Quip, Inc. (NYSE:DRQ) has been given a consensus recommendation of “Hold” by the nine ratings firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $46.17.
A number of equities research analysts have recently issued reports on the stock. Gabelli upgraded shares of Dril-Quip from a “hold” rating to a “buy” rating in a research note on Monday, April 29th. ValuEngine upgraded shares of Yandex from a “hold” rating to a “buy” rating in a research note on Saturday, April 13th. Zacks Investment Research lowered shares of GALP ENERGIA SG/ADR from a “hold” rating to a “sell” rating in a research note on Monday, May 6th. Finally, Cowen restated a “buy” rating and issued a $220.00 target price on shares of Vertex Pharmaceuticals in a research note on Tuesday, April 30th.
Large investors have recently made changes to their positions in the stock. Parallel Advisors LLC bought a new stake in shares of Dril-Quip during the 1st quarter valued at about $38,000. Quadrant Capital Group LLC bought a new stake in shares of Dril-Quip during the 1st quarter valued at about $48,000. Quantamental Technologies LLC bought a new stake in shares of Dril-Quip during the 1st quarter valued at about $68,000. Unison Advisors LLC bought a new stake in shares of Dril-Quip during the 1st quarter valued at about $204,000. Finally, NumerixS Investment Technologies Inc bought a new stake in shares of Dril-Quip during the 4th quarter valued at about $142,000.
Dril-Quip (NYSE:DRQ) last issued its earnings results on Thursday, April 25th. The oil and gas company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.06). The company had revenue of $94.30 million during the quarter, compared to analyst estimates of $95.89 million. Dril-Quip had a negative net margin of 24.85% and a negative return on equity of 1.88%. The business’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same quarter last year, the company posted ($0.16) EPS. As a group, analysts predict that Dril-Quip will post 0.02 earnings per share for the current fiscal year.
Dril-Quip Company Profile
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.
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