Dril-Quip (DRQ) Scheduled to Post Earnings on Wednesday

Dril-Quip (NYSE:DRQ) will be issuing its quarterly earnings data before the market opens on Wednesday, April 25th. Analysts expect the company to announce earnings of ($0.02) per share for the quarter.

Dril-Quip (NYSE:DRQ) last issued its earnings results on Tuesday, February 27th. The oil and gas company reported $0.01 EPS for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.02). Dril-Quip had a negative net margin of 22.10% and a positive return on equity of 0.56%. The business had revenue of $107.97 million during the quarter, compared to analysts’ expectations of $99.73 million. During the same period in the prior year, the business posted $0.23 EPS. The business’s revenue was up 1.8% on a year-over-year basis. On average, analysts expect Dril-Quip to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

How to Become a New Pot Stock Millionaire

Shares of DRQ stock opened at $44.95 on Tuesday. Dril-Quip has a 52 week low of $35.85 and a 52 week high of $56.55. The firm has a market capitalization of $1,698.97, a PE ratio of 172.88 and a beta of 0.76.

In other news, VP James C. Webster sold 2,000 shares of the firm’s stock in a transaction dated Monday, April 2nd. The shares were sold at an average price of $43.99, for a total value of $87,980.00. Following the transaction, the vice president now directly owns 33,994 shares in the company, valued at approximately $1,495,396.06. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Jeffrey J. Bird sold 1,000 shares of the firm’s stock in a transaction dated 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 owns 21,878 shares in the company, valued at $962,413.22. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

DRQ has been the topic of a number of research reports. Zacks Investment Research downgraded shares of Dril-Quip from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. Barclays set a $49.00 target price on shares of Dril-Quip and gave the company an “equal weight” rating in a research note on Wednesday, February 28th. ValuEngine downgraded shares of Dril-Quip from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Cowen set a $45.00 target price on shares of Dril-Quip and gave the company a “hold” rating in a research note on Thursday, January 11th. Finally, B. Riley reaffirmed a “buy” rating and set a $55.00 price target on shares of Dril-Quip in a report on Monday, March 26th. Two investment 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. The company presently has an average rating of “Hold” and an average price target of $48.75.

ILLEGAL ACTIVITY WARNING: This news story was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this news story on another domain, it was stolen and republished in violation of United States and international copyright & trademark laws. The correct version of this news story can be viewed at https://www.dispatchtribunal.com/2018/04/24/dril-quip-drq-scheduled-to-post-earnings-on-wednesday.html.

Dril-Quip Company Profile

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.

Earnings History for Dril-Quip (NYSE:DRQ)

Receive News & Ratings for Dril-Quip Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dril-Quip and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply