Piper Jaffray Companies set a $40.00 price target on Dril-Quip (NYSE:DRQ) in a research note issued to investors on Thursday morning. The brokerage currently has a hold rating on the oil and gas company’s stock.
Several other research firms have also recently commented on DRQ. Cowen set a $45.00 target price on Dril-Quip and gave the company a hold rating in a research note on Thursday, January 11th. TheStreet raised Dril-Quip from a d+ rating to a c- rating in a research note on Friday, January 26th. Zacks Investment Research cut Dril-Quip from a hold rating to a sell rating in a research note on Wednesday, January 3rd. ValuEngine cut Dril-Quip from a hold rating to a sell rating in a research note on Sunday, December 31st. Finally, Barclays set a $49.00 target price on Dril-Quip and gave the company an equal weight rating in a research note on Wednesday, February 28th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $49.38.
Shares of Dril-Quip (DRQ) opened at $46.85 on Thursday. The company has a market capitalization of $1,786.67, a price-to-earnings ratio of 234.25 and a beta of 0.81. Dril-Quip has a 52 week low of $35.85 and a 52 week high of $56.55.
Large investors have recently bought and sold shares of the company. Quantbot Technologies LP bought a new position in shares of Dril-Quip in the 3rd quarter worth $136,000. Elkfork Partners LLC bought a new position in shares of Dril-Quip in the 4th quarter worth $196,000. Unison Advisors LLC bought a new position in shares of Dril-Quip in the 4th quarter worth $212,000. BlueCrest Capital Management Ltd bought a new position in shares of Dril-Quip in the 4th quarter worth $246,000. Finally, Symons Capital Management Inc. bought a new position in shares of Dril-Quip in the 3rd quarter worth $232,000.
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.
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