Media stories about Dril-Quip (NYSE:DRQ) have been trending somewhat positive on Tuesday, according to Accern Sentiment. The research firm identifies negative and positive news coverage by monitoring more than 20 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 media sentiment score of 0.08 on Accern’s scale. Accern also gave media stories about the oil and gas company an impact score of 46.146438669878 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Dril-Quip (DRQ) traded up $1.75 during trading hours on Tuesday, reaching $49.45. The company had a trading volume of 516,745 shares, compared to its average volume of 409,950. The stock has a market cap of $1,830.00, a P/E ratio of -66.82 and a beta of 0.73. Dril-Quip has a 12-month low of $35.85 and a 12-month high of $67.95.
Dril-Quip (NYSE:DRQ) last announced its earnings results on Friday, October 27th. The oil and gas company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.06. Dril-Quip had a positive return on equity of 1.19% and a negative net margin of 6.14%. The company had revenue of $100.35 million for the quarter, compared to the consensus estimate of $106.74 million. During the same period last year, the business posted $0.63 EPS. The company’s revenue was down 18.8% on a year-over-year basis. research analysts expect that Dril-Quip will post 0.21 EPS for the current fiscal year.
A number of research firms have issued reports on DRQ. B. Riley reaffirmed a “buy” rating on shares of Dril-Quip in a research report on Wednesday, November 1st. Cowen reaffirmed a “market perform” rating and issued a $39.00 price target (down previously from $43.00) on shares of Dril-Quip in a research report on Monday, October 30th. Wolfe Research upgraded Dril-Quip from an “underperform” rating to a “market perform” rating in a report on Tuesday, October 31st. Zacks Investment Research upgraded Dril-Quip from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a report on Wednesday, November 1st. Finally, FBR & Co upgraded Dril-Quip from a “neutral” rating to a “buy” rating and increased their price objective for the company from $49.00 to $55.00 in a report on Tuesday, October 10th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $48.57.
In other Dril-Quip news, VP James C. Webster sold 4,890 shares of Dril-Quip stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $41.49, for a total value of $202,886.10. Following the transaction, the vice president now directly owns 34,947 shares in the company, valued at approximately $1,449,951.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director A P. Shukis sold 613 shares of Dril-Quip stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $42.80, for a total value of $26,236.40. Following the completion of the transaction, the director now owns 12,282 shares in the company, valued at $525,669.60. The disclosure for this sale can be found here. Insiders sold a total of 45,662 shares of company stock worth $1,927,019 over the last quarter. Company insiders own 0.87% of the company’s stock.
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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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