News articles about Dril-Quip (NYSE:DRQ) have been trending somewhat positive on Saturday, Accern Sentiment reports. Accern rates the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Dril-Quip earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned headlines about the oil and gas company an impact score of 47.1786974906476 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
- Downtrend Call Working As Dril-Quip Inc Stock Falls 20.9% (DRQ) (mysmartrend.com)
- ETFs with exposure to Dril-Quip, Inc. : August 14, 2017 (finance.yahoo.com)
- ING Groep NV Takes Position in Dril-Quip, Inc. (DRQ) (overnewsmagazine.com)
- Dril-Quip, Inc. (DRQ) Downgraded to Strong Sell at BidaskClub (campdesrecrues.com)
DRQ has been the topic of several research analyst reports. Barclays PLC lowered Dril-Quip from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $77.00 to $57.00 in a research note on Monday, May 1st. BidaskClub raised Dril-Quip from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Zacks Investment Research raised Dril-Quip from a “sell” rating to a “hold” rating in a research note on Tuesday, May 2nd. Piper Jaffray Companies set a $43.00 price objective on Dril-Quip and gave the company a “hold” rating in a research note on Saturday, July 29th. Finally, Cowen and Company reduced their price objective on Dril-Quip from $55.00 to $43.00 and set a “market perform” rating on the stock in a research note on Monday, July 31st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $56.00.
Dril-Quip (NYSE:DRQ) opened at 37.50 on Friday. Dril-Quip has a 52-week low of $36.75 and a 52-week high of $69.40. The company’s 50-day moving average price is $45.98 and its 200 day moving average price is $52.30. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 69.70 and a beta of 0.63.
Dril-Quip (NYSE:DRQ) last announced its quarterly earnings data on Friday, July 28th. The oil and gas company reported $0.09 EPS for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.06. Dril-Quip had a return on equity of 2.12% and a net margin of 4.28%. The company had revenue of $127.90 million during the quarter, compared to the consensus estimate of $112.12 million. During the same quarter last year, the company earned $0.96 EPS. The company’s quarterly revenue was down 10.2% on a year-over-year basis. Equities research analysts predict that Dril-Quip will post $0.12 earnings per share for the current year.
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.
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