Dril-Quip, Inc. (NYSE:DRQ) insider Blake T. Deberry sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $44.66, for a total value of $446,600.00. Following the transaction, the insider now directly owns 126,208 shares in the company, valued at $5,636,449.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Dril-Quip, Inc. (DRQ) traded up $0.15 during midday trading on Friday, hitting $44.50. The stock had a trading volume of 420,100 shares, compared to its average volume of 570,728. Dril-Quip, Inc. has a 52-week low of $35.85 and a 52-week high of $69.40. The stock has a market capitalization of $1,679.11, a PE ratio of 105.60 and a beta of 0.68.
Dril-Quip (NYSE:DRQ) last released its earnings results on Friday, October 27th. The oil and gas company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $100.35 million for the quarter, compared to analysts’ expectations of $106.74 million. During the same period in the prior year, the firm posted $0.63 earnings per share. The company’s quarterly revenue was down 18.8% on a year-over-year basis. equities analysts expect that Dril-Quip, Inc. will post 0.18 earnings per share for the current year.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Riverhead Capital Management LLC grew its stake in shares of Dril-Quip by 66.4% in the second quarter. Riverhead Capital Management LLC now owns 2,663 shares of the oil and gas company’s stock worth $130,000 after acquiring an additional 1,063 shares during the last quarter. QS Investors LLC grew its stake in shares of Dril-Quip by 0.5% in the second quarter. QS Investors LLC now owns 2,813 shares of the oil and gas company’s stock worth $137,000 after acquiring an additional 13 shares during the last quarter. LS Investment Advisors LLC grew its stake in shares of Dril-Quip by 17.6% in the second quarter. LS Investment Advisors LLC now owns 3,014 shares of the oil and gas company’s stock worth $147,000 after acquiring an additional 450 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of Dril-Quip in the third quarter worth $136,000. Finally, Flinton Capital Management LLC grew its stake in shares of Dril-Quip by 64.8% in the second quarter. Flinton Capital Management LLC now owns 4,060 shares of the oil and gas company’s stock worth $198,000 after acquiring an additional 1,596 shares during the last quarter.
Several equities research analysts recently weighed in on the company. B. Riley reaffirmed a “buy” rating on shares of Dril-Quip in a research note on Wednesday, November 1st. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $38.00 price target on shares of Dril-Quip in a research note on Friday, November 10th. Zacks Investment Research cut Dril-Quip from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Wolfe Research raised Dril-Quip from an “underperform” rating to a “market perform” rating in a research note on Tuesday, October 31st. Finally, Cowen and Company reaffirmed a “market perform” rating and issued a $39.00 price target (down from $43.00) on shares of Dril-Quip in a research note on Monday, October 30th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $49.88.
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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