Dril-Quip, Inc. (NYSE:DRQ) – Stock analysts at FBR & Co issued their Q3 2017 EPS estimates for shares of Dril-Quip in a research note issued to investors on Tuesday. FBR & Co analyst T. Curran forecasts that the oil and gas company will post earnings of ($0.08) per share for the quarter. FBR & Co has a “Buy” rating and a $55.00 price objective on the stock. FBR & Co also issued estimates for Dril-Quip’s Q4 2017 earnings at $0.05 EPS, Q1 2018 earnings at $0.03 EPS, Q2 2018 earnings at $0.09 EPS, Q3 2018 earnings at $0.18 EPS, Q4 2018 earnings at $0.25 EPS and FY2018 earnings at $0.55 EPS.
Other analysts also recently issued research reports about the company. BidaskClub downgraded Dril-Quip from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. Piper Jaffray Companies set a $43.00 target price on Dril-Quip and gave the company a “hold” rating in a research report on Saturday, July 29th. Scotiabank set a $61.00 target price on Dril-Quip and gave the company a “hold” rating in a research report on Monday, July 31st. Finally, Cowen and Company set a $43.00 target price on Dril-Quip and gave the company a “hold” rating in a research report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $53.86.
ILLEGAL ACTIVITY WARNING: This news story was first reported by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this news story on another website, it was stolen and reposted in violation of international trademark & copyright laws. The original version of this news story can be read at https://sportsperspectives.com/2017/10/12/fbr-co-weighs-in-on-dril-quip-inc-s-q3-2017-earnings-drq.html.
Shares of Dril-Quip (NYSE:DRQ) opened at 43.30 on Thursday. The company has a market cap of $1.64 billion, a P/E ratio of 80.48 and a beta of 0.70. The stock’s 50 day moving average price is $41.61 and its 200 day moving average price is $47.53. Dril-Quip has a 1-year low of $35.85 and a 1-year high of $69.40.
Dril-Quip (NYSE:DRQ) last released its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.06. The company had revenue of $127.90 million during the quarter, compared to the consensus estimate of $112.12 million. Dril-Quip had a return on equity of 2.12% and a net margin of 4.28%. The firm’s revenue was down 10.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.96 EPS.
In related news, VP James C. Webster sold 2,000 shares of Dril-Quip stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $43.49, for a total transaction of $86,980.00. Following the completion of the transaction, the vice president now owns 24,104 shares in the company, valued at $1,048,282.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.87% of the company’s stock.
A number of institutional investors have recently bought and sold shares of DRQ. BlackRock Inc. grew its holdings in Dril-Quip by 8,615.2% during the first quarter. BlackRock Inc. now owns 3,581,432 shares of the oil and gas company’s stock worth $195,368,000 after purchasing an additional 3,540,338 shares during the period. Dimensional Fund Advisors LP grew its holdings in Dril-Quip by 27.9% during the second quarter. Dimensional Fund Advisors LP now owns 3,139,752 shares of the oil and gas company’s stock worth $153,221,000 after purchasing an additional 684,559 shares during the period. Northern Trust Corp grew its holdings in Dril-Quip by 119.7% during the second quarter. Northern Trust Corp now owns 1,042,035 shares of the oil and gas company’s stock worth $50,851,000 after purchasing an additional 567,821 shares during the period. Janus Henderson Group PLC grew its holdings in Dril-Quip by 269.0% during the second quarter. Janus Henderson Group PLC now owns 637,160 shares of the oil and gas company’s stock worth $31,093,000 after purchasing an additional 464,501 shares during the period. Finally, Alliancebernstein L.P. grew its holdings in Dril-Quip by 1,074.1% during the second quarter. Alliancebernstein L.P. now owns 329,283 shares of the oil and gas company’s stock worth $16,069,000 after purchasing an additional 301,237 shares during the period.
Dril-Quip Company Profile
Dril-Quip, Inc (Dril-Quip) designs, manufactures, sells and services engineered drilling and production equipment. The Company’s operations are organized into three geographic segments: Western Hemisphere, including North and South America, headquartered in Houston, Texas; Eastern Hemisphere, including Europe and Africa, headquartered in Aberdeen, Scotland, and Asia-Pacific, including the Pacific Rim, Southeast Asia, Australia, India and the Middle East, headquartered in Singapore.
Receive News & Ratings for Dril-Quip Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dril-Quip Inc. and related companies with MarketBeat.com's FREE daily email newsletter.