Public Employees Retirement Association of Colorado Has $493,000 Stake in Dril-Quip, Inc. (DRQ)
Public Employees Retirement Association of Colorado lowered its stake in Dril-Quip, Inc. (NYSE:DRQ) by 0.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 9,046 shares of the oil and gas company’s stock after selling 15 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Dril-Quip were worth $493,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of DRQ. Loomis Sayles & Co. L P boosted its position in shares of Dril-Quip by 16.8% in the fourth quarter. Loomis Sayles & Co. L P now owns 385,166 shares of the oil and gas company’s stock worth $23,130,000 after buying an additional 55,372 shares during the last quarter. Arrowpoint Asset Management LLC boosted its position in shares of Dril-Quip by 10.1% in the fourth quarter. Arrowpoint Asset Management LLC now owns 367,343 shares of the oil and gas company’s stock worth $22,059,000 after buying an additional 33,579 shares during the last quarter. Acadian Asset Management LLC purchased a new position in shares of Dril-Quip during the first quarter worth $483,000. Calamos Advisors LLC purchased a new position in shares of Dril-Quip during the fourth quarter worth $265,000. Finally, Russell Investments Group Ltd. purchased a new position in shares of Dril-Quip during the fourth quarter worth $2,190,000.
Shares of Dril-Quip, Inc. (NYSE:DRQ) traded down 0.31% during mid-day trading on Friday, hitting $48.65. The stock had a trading volume of 3,965,551 shares. The company has a market cap of $1.84 billion, a PE ratio of 32.45 and a beta of 0.69. Dril-Quip, Inc. has a one year low of $46.90 and a one year high of $69.40. The firm’s 50 day moving average price is $51.49 and its 200-day moving average price is $56.86.
Dril-Quip (NYSE:DRQ) last announced its earnings results on Thursday, April 27th. The oil and gas company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by $0.01. The company had revenue of $119.23 million for the quarter, compared to the consensus estimate of $97.62 million. Dril-Quip had a return on equity of 3.65% and a net margin of 11.51%. The business’s quarterly revenue was down 28.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.97 EPS. On average, equities research analysts anticipate that Dril-Quip, Inc. will post $0.14 earnings per share for the current fiscal year.
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A number of research analysts recently weighed in on DRQ shares. BidaskClub upgraded Dril-Quip from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Zacks Investment Research lowered Dril-Quip from a “hold” rating to a “sell” rating in a research report on Tuesday, March 21st. Barclays PLC lowered Dril-Quip from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $77.00 to $57.00 in a research report on Monday, May 1st. Guggenheim lowered Dril-Quip from a “buy” rating to a “neutral” rating in a research report on Wednesday, March 1st. Finally, Scotiabank set a $65.00 price objective on Dril-Quip and gave the company a “hold” rating in a research report on Thursday, March 2nd. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $63.29.
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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