Dril-Quip (DRQ) Earns “Equal Weight” Rating from Capital One Financial

Capital One Financial restated their equal weight rating on shares of Dril-Quip (NYSE:DRQ) in a research report released on Thursday. Capital One Financial also issued estimates for Dril-Quip’s Q3 2018 earnings at $0.01 EPS and Q4 2018 earnings at $0.03 EPS.

Other equities analysts also recently issued research reports about the stock. B. Riley reissued a buy rating on shares of Dril-Quip in a report on Wednesday, November 1st. Zacks Investment Research raised shares of 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. FBR & Co reissued a buy rating on shares of Dril-Quip in a report on Friday, October 27th. TheStreet raised shares of Dril-Quip from a d+ rating to a c- rating in a report on Friday, January 26th. Finally, Scotiabank set a $61.00 price objective on shares of Dril-Quip and gave the stock a hold rating in a report on Friday, October 27th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. Dril-Quip currently has a consensus rating of Hold and a consensus price target of $50.13.

Dril-Quip (NYSE DRQ) opened at $45.55 on Thursday. The stock has a market cap of $1,758.62, a P/E ratio of -60.73 and a beta of 0.72. Dril-Quip has a 1-year low of $35.85 and a 1-year high of $67.95.

A number of large investors have recently modified their holdings of the business. QS Investors LLC lifted its holdings in Dril-Quip by 0.5% during the second quarter. QS Investors LLC now owns 2,813 shares of the oil and gas company’s stock valued at $137,000 after purchasing an additional 13 shares in the last quarter. ING Groep NV lifted its holdings in Dril-Quip by 23.3% during the fourth quarter. ING Groep NV now owns 5,713 shares of the oil and gas company’s stock valued at $273,000 after purchasing an additional 1,079 shares in the last quarter. Bridge City Capital LLC lifted its holdings in Dril-Quip by 8.7% during the third quarter. Bridge City Capital LLC now owns 18,708 shares of the oil and gas company’s stock valued at $826,000 after purchasing an additional 1,497 shares in the last quarter. CoreCommodity Management LLC lifted its holdings in Dril-Quip by 7.7% during the fourth quarter. CoreCommodity Management LLC now owns 23,906 shares of the oil and gas company’s stock valued at $1,140,000 after purchasing an additional 1,709 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in Dril-Quip by 1.1% during the third quarter. Ameriprise Financial Inc. now owns 176,635 shares of the oil and gas company’s stock valued at $7,798,000 after purchasing an additional 1,871 shares in the last quarter.

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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.

Analyst Recommendations for Dril-Quip (NYSE:DRQ)

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