Is Dril-Quip, Inc. (DRQ) a Buy? The Stock Rises Again

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12 July, 2017

Finally, BidaskClub raised shares of Dril-Quip from a "sell" rating to a "hold" rating in a research report on Tuesday, June 13th. Finally, Huntington National Bank raised its position in Dril-Quip by 87.8% in the first quarter.

Dril-Quip has higher revenue and earnings than Natural Gas Services Group. Dril-Quip's revenue for the quarter was down 28.4% compared to the same quarter past year.

Dril-Quip (DRQ) opened at 49.20 on Tuesday.

Dril-Quip, Inc (Dril-Quip) designs, manufactures, sells and services engineered drilling and production equipment.

Dril-Quip, Inc. was downgraded to " by analysts at Barclays. It improved, as 32 investors sold R shares while 110 reduced holdings. Thrivent Financial For Lutherans has 0% invested in Dril-Quip, Inc. (NYSE:DRQ) for 19,558 shares. The stock of Dril-Quip, Inc. Hsbc Hldgs Public Ltd Co invested in 0.03% or 197,032 shares. Rogers Communications Inc. (USA) (RCI) has risen 20.75% since July 7, 2016 and is uptrending. Bluestein R H And holds 0.02% or 4,000 shares in its portfolio. Tower Rech Capital Ltd Company (Trc) accumulated 417 shares or 0% of the stock. $47,409 worth of Bunge Ltd (NYSE:BG) shares were sold by Kabbes David. The VP - Gen Counsel & Secretary now owns $1,381,685 of the stock per the Form 4 SEC filing. Geode Capital Management Llc acquired 26,240 shares as Ryder Sys Inc Com (R)'s stock declined 17.70%. Dril-Quip, Inc. (NYSE:DRQ) has declined 8.80% since July 10, 2016 and is downtrending. It has underperformed by 25.50% the S&P500. We have $53.14 PT which if reached, will make NYSE:DRQ worth $149.60 million more. Barclays Capital upgraded Dril-Quip, Inc. To measure price-variation, we found DRQ's volatility during a week at 4.16% and during a month it has been found around 3.29%. Analysts forecast EPS of $0.04, down exactly $0.60 or 93.75 % from 2014's $0.64 EPS. The oil and gas company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by $0.01. FMR LLC boosted its position in shares of Dril-Quip by 0.6% in the first quarter. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Therefore 8% are positive. The stock has been upbeat for quite some time as is up 0.23% for the last 20 trading days, and now the firm's performance is turning out to be bullish with a 0.29% gain for the week. KeyBanc Capital Markets downgraded the stock to "Sector Weight" rating in Wednesday, September 9 report. TheStreet downgraded the stock to "Hold" rating in Monday, August 3 report. Piper Jaffray downgraded Dril-Quip, Inc. As per Wednesday, September 7, the company rating was maintained by RBC Capital Markets. The firm has "Accumulate" rating by KLR Group given on Monday, December 14. Howard Weil has "Sector Outperform" rating and $82 target.

02/29/2016 - Dril-Quip, Inc. had its " rating reiterated by analysts at FBR Capital Markets. Johnson Rice downgraded the stock to "Hold" rating in Monday, February 22 report. A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range.

More notable recent Dril-Quip, Inc.

Dril-Quip (NYSE:DRQ) last posted its quarterly earnings data on Thursday, April 27th.

04/19/2016 - Dril-Quip, Inc. had its " rating reiterated by analysts at Morgan Stanley. Dril-Quip, Inc. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of 32.82 and a beta of 0.65. The Company's activities are organized into three geographic divisions: 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. It has a 20.09 P/E ratio. The Company's equipment is suited for use in deepwater, harsh environments and service applications.

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