Dril-Quip (DRQ) Getting Somewhat Favorable Media Coverage, Report Finds

Media stories about Dril-Quip (NYSE:DRQ) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. 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 news sentiment score of 0.07 on Accern’s scale. Accern also assigned media headlines about the oil and gas company an impact score of 46.3412353961912 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

A number of equities research analysts have commented on the stock. B. Riley restated a “buy” rating on shares of Dril-Quip in a report on Wednesday, November 1st. FBR & Co upgraded shares of Dril-Quip from a “neutral” rating to a “buy” rating and raised their price target for the stock from $49.00 to $55.00 in a report on Tuesday, October 10th. Cowen reiterated a “market perform” rating and set a $39.00 price objective (down from $43.00) on shares of Dril-Quip in a report on Monday, October 30th. Wolfe Research upgraded shares of Dril-Quip from an “underperform” rating to a “market perform” rating in a report on Tuesday, October 31st. Finally, Piper Jaffray Companies reiterated a “hold” rating and set a $38.00 price objective on shares of Dril-Quip in a report on Friday, November 10th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $48.57.

Dril-Quip (NYSE:DRQ) opened at $47.75 on Thursday. The stock has a market cap of $1,745.37, a PE ratio of 109.76 and a beta of 0.73. Dril-Quip has a twelve month low of $35.85 and a twelve month high of $67.95.

Dril-Quip (NYSE:DRQ) last issued its quarterly earnings data on Friday, October 27th. The oil and gas company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.06. The firm had revenue of $100.35 million during the quarter, compared to analysts’ expectations of $106.74 million. Dril-Quip had a negative net margin of 6.14% and a positive return on equity of 1.19%. The business’s revenue was down 18.8% on a year-over-year basis. During the same period last year, the company earned $0.63 earnings per share. equities research analysts expect that Dril-Quip will post 0.2 EPS for the current fiscal year.

In related news, CFO Jeffrey J. Bird sold 1,931 shares of the business’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $41.49, for a total transaction of $80,117.19. Following the transaction, the chief financial officer now directly owns 24,719 shares in the company, valued at $1,025,591.31. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP James C. Webster sold 2,000 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $43.49, for a total transaction of $86,980.00. Following the transaction, the vice president now owns 24,104 shares in the company, valued at $1,048,282.96. The disclosure for this sale can be found here. Insiders have sold 47,662 shares of company stock valued at $2,013,999 over the last quarter. Corporate insiders own 0.87% of the company’s stock.

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About Dril-Quip

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.

Insider Buying and Selling by Quarter for Dril-Quip (NYSE:DRQ)

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