News coverage about Dril-Quip (NYSE:DRQ) has trended somewhat positive this week, Accern Sentiment reports. The research group rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Dril-Quip earned a news impact score of 0.07 on Accern’s scale. Accern also gave media coverage about the oil and gas company an impact score of 47.1779109560543 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
DRQ has been the topic of several analyst reports. Zacks Investment Research cut shares of Dril-Quip from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. Barclays set a $49.00 price target on shares of Dril-Quip and gave the stock an “equal weight” rating in a research note on Wednesday, February 28th. ValuEngine cut shares of Dril-Quip from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Cowen set a $45.00 price target on shares of Dril-Quip and gave the stock a “hold” rating in a research note on Thursday, January 11th. Finally, TheStreet raised shares of Dril-Quip from a “d+” rating to a “c-” rating in a research note on Friday, January 26th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. Dril-Quip currently has a consensus rating of “Hold” and a consensus target price of $49.38.
Shares of Dril-Quip (DRQ) opened at $45.70 on Tuesday. Dril-Quip has a 12-month low of $35.85 and a 12-month high of $56.55. The stock has a market cap of $1,800.03, a P/E ratio of -17.05 and a beta of 0.81.
Dril-Quip (NYSE:DRQ) last released its earnings results on Tuesday, February 27th. The oil and gas company reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.02). Dril-Quip had a positive return on equity of 0.56% and a negative net margin of 22.10%. The company had revenue of $107.97 million during the quarter, compared to analyst estimates of $99.73 million. During the same period in the prior year, the business posted $0.23 earnings per share. Dril-Quip’s revenue was up 1.8% on a year-over-year basis. research analysts anticipate that Dril-Quip will post 0.08 EPS for the current fiscal year.
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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