Dril-Quip (DRQ) Receiving Somewhat Positive News Coverage, Analysis Shows

Media headlines about Dril-Quip (NYSE:DRQ) have trended somewhat positive on Wednesday, according to Accern. The research group rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Dril-Quip earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned news stories about the oil and gas company an impact score of 45.7116004191849 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:

Several equities research analysts have recently weighed in on DRQ shares. B. Riley reissued a “buy” rating on shares of Dril-Quip in a report on Wednesday, November 1st. Zacks Investment Research raised Dril-Quip from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a report on Wednesday, November 1st. FBR & Co raised 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. TheStreet downgraded Dril-Quip from a “c” rating to a “d+” rating in a report on Friday, October 27th. Finally, Piper Jaffray Companies reissued a “hold” rating and issued a $38.00 price objective on shares of Dril-Quip in a report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $48.57.

Shares of Dril-Quip (NYSE DRQ) opened at $46.05 on Wednesday. Dril-Quip has a fifty-two week low of $35.85 and a fifty-two week high of $69.40. The firm has a market capitalization of $1,750.00, a price-to-earnings ratio of 116.55 and a beta of 0.73.

Dril-Quip (NYSE:DRQ) last issued its quarterly earnings results on Friday, October 27th. The oil and gas company reported $0.05 earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $100.35 million during the quarter, compared to the consensus estimate of $106.74 million. During the same period last year, the company earned $0.63 earnings per share. The company’s revenue for the quarter was down 18.8% on a year-over-year basis. research analysts predict that Dril-Quip will post 0.18 EPS for the current fiscal year.

In related news, Director A P. Shukis sold 613 shares of the stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $42.80, for a total transaction of $26,236.40. Following the completion of the sale, the director now directly owns 12,282 shares of the company’s stock, valued at $525,669.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Jeffrey J. Bird sold 1,931 shares of the stock in a transaction on Monday, October 30th. The stock was sold at an average price of $41.49, for a total value of $80,117.19. Following the sale, the chief financial officer now directly owns 24,719 shares of the company’s stock, valued at $1,025,591.31. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 47,662 shares of company stock valued at $2,013,999. Corporate insiders own 0.87% of the company’s stock.

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About Dril-Quip

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.

Insider Buying and Selling by Quarter for Dril-Quip (NYSE:DRQ)

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