Media coverage about Dril-Quip (NYSE:DRQ) has trended somewhat positive this week, according to Accern. Accern rates the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Dril-Quip earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned news articles about the oil and gas company an impact score of 46.3211428132676 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the media stories that may have effected Accern’s rankings:
DRQ stock opened at $44.05 on Monday. The company has a market cap of $1,679.90, a P/E ratio of 169.42 and a beta of 0.76. Dril-Quip has a 12-month low of $35.85 and a 12-month high of $56.55.
Dril-Quip (NYSE:DRQ) last posted its quarterly earnings results on Tuesday, February 27th. The oil and gas company reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.02). The firm had revenue of $107.97 million for the quarter, compared to analyst estimates of $99.73 million. Dril-Quip had a negative net margin of 22.10% and a positive return on equity of 0.56%. The business’s revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.23 earnings per share. research analysts predict that Dril-Quip will post 0.08 earnings per share for the current year.
A number of equities analysts have issued reports on DRQ shares. B. Riley reaffirmed a “buy” rating and issued a $55.00 target price on shares of Dril-Quip in a research report on Monday, March 26th. TheStreet raised Dril-Quip from a “d+” rating to a “c-” rating in a research report on Friday, January 26th. Capital One Financial reaffirmed an “equal weight” rating on shares of Dril-Quip in a research report on Thursday, February 22nd. Barclays set a $49.00 price target on Dril-Quip and gave the company an “equal weight” rating in a research report on Wednesday, February 28th. Finally, Zacks Investment Research raised Dril-Quip from a “sell” rating to a “hold” rating in a research report on Monday, February 26th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $49.38.
In related news, CFO Jeffrey J. Bird sold 1,000 shares of the company’s stock in a transaction on Monday, April 2nd. The stock was sold at an average price of $43.99, for a total transaction of $43,990.00. Following the completion of the transaction, the chief financial officer now directly owns 21,878 shares in the company, valued at approximately $962,413.22. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP James C. Webster sold 2,000 shares of the company’s stock in a transaction on Monday, April 2nd. The stock was sold at an average price of $43.99, for a total value of $87,980.00. Following the transaction, the vice president now owns 33,994 shares of the company’s stock, valued at $1,495,396.06. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.
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Dril-Quip, Inc, together with its subsidiaries, designs, manufactures, sells, and services onshore and offshore drilling and production equipment for use in deepwater, harsh environment, and severe service applications worldwide. It operates through three segments: Western Hemisphere, Eastern Hemisphere, and Asia-Pacific.
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