Dril-Quip - DRQ Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Dril-Quip in the last twelve months. There are currently 1 sell rating, 2 hold ratings 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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4 brokers have issued twelve-month price targets for Dril-Quip's shares. Their DRQ share price forecasts range from $21.00 to $35.00. On average, they anticipate the company's share price to reach $31.50 in the next year. This suggests a possible upside of 41.8% from the stock's current price.
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Dril-Quip's stock was trading at $19.68 at the beginning of 2022. Since then, DRQ stock has increased by 12.9% and is now trading at $22.22.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
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Dril-Quip, Inc. (NYSE:DRQ) posted its quarterly earnings data on Thursday, July, 28th. The oil and gas company reported ($0.10) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.12) by $0.02. The oil and gas company had revenue of $93.98 million for the quarter, compared to analysts' expectations of $87.88 million. Dril-Quip had a negative net margin of 26.35% and a negative trailing twelve-month return on equity of 4.66%. The business's revenue for the quarter was up 16.3% compared to the same quarter last year. During the same quarter last year, the company earned ($0.53) earnings per share.

Dril-Quip announced that its board has authorized a share repurchase program on Wednesday, February 23rd 2022, which authorizes the company to repurchase $100,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 11.2% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

Dril-Quip issued an update on its FY 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $355.24 million-$355.24 million, compared to the consensus revenue estimate of $358.73 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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "DRQ."

Dril-Quip's stock is owned by a number of retail and institutional investors. Top institutional investors include Kayne Anderson Rudnick Investment Management LLC (10.28%), Van ECK Associates Corp (4.61%), Gamco Investors INC. ET AL (4.59%), State Street Corp (4.39%), William Blair Investment Management LLC (3.26%) and Macquarie Group Ltd. (1.81%). Insiders that own company stock include A P Shukis, Blake T Deberry, Donald M Underwood, James C Webster, Jeffrey J Bird, Raj Kumar and Terence Bartlett Jupp.
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Shares of DRQ stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of DRQ stock can currently be purchased for approximately $22.22.

Dril-Quip (NYSE:DRQ) has a market capitalization of $763.70 million and generates $322.95 million in revenue each year. The oil and gas company earns $-128,000,000.00 in net income (profit) each year or ($2.54) on an earnings per share basis.

The company employs 1,342 workers across the globe.

Dril-Quip was founded in 1981.

Dril-Quip's mailing address is 6401 N. ELDRIDGE PARKWAY, HOUSTON TX, 77041. The official website for the company is www.dril-quip.com. The oil and gas company can be reached via phone at (713) 939-7711, via email at erin_fazio@dril-quip.com, or via fax at 713-939-8060.