Media stories about Dril-Quip (NYSE:DRQ) have trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Dril-Quip earned a news sentiment score of 0.13 on Accern’s scale. Accern also assigned media coverage about the oil and gas company an impact score of 45.4291035517115 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Dril-Quip (NYSE:DRQ) traded down 1.72% during mid-day trading on Wednesday, reaching $42.95. 551,201 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $41.43 and its 200 day moving average price is $47.56. The stock has a market capitalization of $1.63 billion, a PE ratio of 79.54 and a beta of 0.70. Dril-Quip has a 12 month low of $35.85 and a 12 month high of $69.40.
Dril-Quip (NYSE:DRQ) last issued its earnings results on Friday, July 28th. The oil and gas company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.03 by $0.06. The firm had revenue of $127.90 million during the quarter, compared to analysts’ expectations of $112.12 million. Dril-Quip had a return on equity of 2.12% and a net margin of 4.28%. Dril-Quip’s quarterly revenue was down 10.2% compared to the same quarter last year. During the same period last year, the business earned $0.96 earnings per share. Equities research analysts predict that Dril-Quip will post $0.11 EPS for the current year.
A number of analysts recently issued reports on DRQ shares. FBR & Co upgraded shares of Dril-Quip from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $49.00 to $55.00 in a research note on Tuesday. BidaskClub upgraded shares of Dril-Quip from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Cowen and Company set a $43.00 price target on shares of Dril-Quip and gave the stock a “hold” rating in a research note on Friday, October 6th. Piper Jaffray Companies set a $43.00 price target on shares of Dril-Quip and gave the stock a “hold” rating in a research note on Saturday, July 29th. Finally, Scotiabank set a $61.00 target price on shares of Dril-Quip and gave the company a “hold” rating in a research note on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $53.86.
In related news, VP James C. Webster sold 2,000 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $43.49, for a total value of $86,980.00. Following the completion of the transaction, the vice president now directly owns 24,104 shares of the company’s stock, valued at $1,048,282.96. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.87% of the stock is owned by company insiders.
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.
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