Live Price Coverage: What Next for Dril-Quip, Inc. Stock After Today’s Big Increase?

Live Price Coverage: What Next for Dril Quip, Inc. Stock After Today's Big Increase?

The stock of Dril-Quip, Inc. (NYSE:DRQ) is a huge mover today! About 375,411 shares traded hands. Dril-Quip, Inc. (NYSE:DRQ) has declined 13.98% since April 27, 2016 and is downtrending. It has underperformed by 19.21% the S&P500.
The move comes after 5 months positive chart setup for the $2.12 billion company. It was reported on Nov, 30 by Barchart.com. We have $59.43 PT which if reached, will make NYSE:DRQ worth $106.00 million more.

Analysts await Dril-Quip, Inc. (NYSE:DRQ) to report earnings on February, 23. They expect $0.28 EPS, down 76.67% or $0.92 from last year’s $1.2 per share. DRQ’s profit will be $10.49M for 50.54 P/E if the $0.28 EPS becomes a reality. After $0.39 actual EPS reported by Dril-Quip, Inc. for the previous quarter, Wall Street now forecasts -28.21% negative EPS growth.

Dril-Quip, Inc. (NYSE:DRQ) Ratings Coverage

Out of 12 analysts covering Dril Quip (NYSE:DRQ), 2 rate it a “Buy”, 0 “Sell”, while 10 “Hold”. This means 17% are positive. Dril Quip has been the topic of 26 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The company was maintained on Monday, November 2 by Cowen & Co. The rating was maintained by FBR Capital on Monday, November 2 with “Mkt Perform”. The firm has “Sector Outperform” rating given on Friday, July 31 by Howard Weil. The firm earned “Neutral” rating on Thursday, April 28 by Piper Jaffray. The stock of Dril-Quip, Inc. (NYSE:DRQ) earned “Sector Perform” rating by Howard Weil on Thursday, October 27. As per Monday, February 22, the company rating was downgraded by Johnson Rice. The firm earned “Equal-Weight” rating on Tuesday, April 19 by Morgan Stanley. On Tuesday, August 4 the stock rating was upgraded by Johnson Rice to “Buy”. The firm has “Market Perform” rating by Cowen & Co given on Wednesday, April 27. The stock of Dril-Quip, Inc. (NYSE:DRQ) has “Sector Perform” rating given on Friday, July 29 by Howard Weil.

According to Zacks Investment Research, “Dril-Quip, Inc. is a manufacturers of highly engineered offshore drilling and production equipment which is well suited for use in deepwater, harsh environment and severe service applications. They design and manufacture subsea equipment, surface equipment and offshore rig equipment for use by major integrated, large independent and foreign national oil and gas companies in offshore areas throughout the world. Their principal products consist of subsea and surface wellheads and production trees, mudline hanger systems, specialty connectors and associated pipe.”

Insitutional Activity: The institutional sentiment increased to 1.24 in Q2 2016. Its up 0.09, from 1.15 in 2016Q1. The ratio improved, as 29 funds sold all Dril-Quip, Inc. shares owned while 82 reduced positions. 30 funds bought stakes while 98 increased positions. They now own 39.08 million shares or 1.13% less from 39.52 million shares in 2016Q1.
Rhumbline Advisers has invested 0.01% of its portfolio in Dril-Quip, Inc. (NYSE:DRQ). The New Jersey-based Hgk Asset Mngmt Inc has invested 0.08% in Dril-Quip, Inc. (NYSE:DRQ). Morgan Dempsey Management Ltd Company, a Wisconsin-based fund reported 40,127 shares. Springbank Value Prtnrs Limited Partnership last reported 24,900 shares in the company. Victory Management has invested 0% of its portfolio in Dril-Quip, Inc. (NYSE:DRQ). Bb&T has 6,696 shares for 0.01% of their US portfolio. The Texas-based Teacher Retirement Systems Of Texas has invested 0% in Dril-Quip, Inc. (NYSE:DRQ). Bancorporation Of America De accumulated 0% or 204,886 shares. Gemmer Asset Management Limited Co has 49 shares for 0% of their US portfolio. Moreover, Teachers Inc has 0.02% invested in Dril-Quip, Inc. (NYSE:DRQ) for 222,346 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Mgmt Corp has 0.03% invested in the company for 46,100 shares. Qs Investors Llc reported 1,755 shares or 0% of all its holdings. Glenmede Trust Na last reported 8,403 shares in the company. Reilly Advsr Ltd Liability Corporation holds 0.12% or 11,102 shares in its portfolio. Ajo Lp last reported 0.21% of its portfolio in the stock.

Insider Transactions: Since November 16, 2016, the stock had 0 buys, and 2 selling transactions for $842,752 net activity. BROOKS JERRY M had sold 10,000 shares worth $531,100. 5,888 shares with value of $311,652 were sold by Webster James C. on Wednesday, November 16.

More notable recent Dril-Quip, Inc. (NYSE:DRQ) news were published by: Marketwatch.com which released: “Dril-Quip stock price target raised to $66 from $56 at Barclays” on December 21, 2009, also Prnewswire.com with their article: “Dril-Quip, Inc. Announces Results For Third Quarter 2016” published on October 27, 2016, Prnewswire.com published: “Dril-Quip, Inc. to Present at Bank of America Merrill Lynch 2016 Global Energy …” on October 01, 2010. More interesting news about Dril-Quip, Inc. (NYSE:DRQ) were released by: Prnewswire.com and their article: “Dril-Quip, Inc. To Present At J.P. Morgan Inaugural Energy Equity Conference” published on June 24, 2016 as well as Prnewswire.com‘s news article titled: “Dril-Quip Announces Results For 2nd Quarter 2016 And Stock Repurchase Program” with publication date: July 29, 2016.

DRQ Company Profile

Dril-Quip, Inc. (Dril-Quip), incorporated on August 12, 1997, designs, makes, sells and services engineered offshore drilling and production equipment. The Company’s equipment is suited for use in deepwater, a range of environments and a range of service applications. The Company’s principal products consist of subsea and surface wellheads, subsea and surface production trees, subsea control systems and manifolds, mudline hanger systems, specialty connectors and associated pipe, drilling and production riser systems, liner hangers, wellhead connectors and diverters. The Company’s activities are organized into three geographic divisions-Western Hemisphere, including North and South America; Eastern Hemisphere, including Europe and Africa, and Asia-Pacific, including the Pacific Rim, Southeast Asia, Australia, India and the Middle East. The Firm has manufacturing facilities in approximately three of its headquarter locations, as well as in Macae, Brazil. The Firm also has additional facilities for fabrication, reconditioning and rework in Australia, Norway, Denmark, Nigeria, China, Egypt, Ghana and Qatar.

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