Shares of Dril-Quip, Inc. (NYSE:DRQ) have been given an average rating of “Hold” by the nine brokerages that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $53.67.

DRQ has been the subject of a number of recent analyst reports. BidaskClub cut shares of Dril-Quip from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Cowen and Company dropped their price target on shares of Dril-Quip from $55.00 to $43.00 and set a “market perform” rating for the company in a research note on Monday, July 31st. Scotiabank set a $61.00 price target on shares of Dril-Quip and gave the stock a “hold” rating in a research note on Monday, July 31st. Zacks Investment Research raised shares of Dril-Quip from a “sell” rating to a “hold” rating in a research note on Tuesday, May 2nd. Finally, 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.

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A number of large investors have recently added to or reduced their stakes in DRQ. Tyers Asset Management LLC boosted its stake in Dril-Quip by 18.9% in the first quarter. Tyers Asset Management LLC now owns 1,936 shares of the oil and gas company’s stock valued at $106,000 after buying an additional 308 shares during the period. TrimTabs Asset Management LLC boosted its stake in Dril-Quip by 89.1% in the first quarter. TrimTabs Asset Management LLC now owns 2,003 shares of the oil and gas company’s stock valued at $109,000 after buying an additional 944 shares during the period. Riverhead Capital Management LLC boosted its stake in Dril-Quip by 66.4% in the second quarter. Riverhead Capital Management LLC now owns 2,663 shares of the oil and gas company’s stock valued at $130,000 after buying an additional 1,063 shares during the period. Flinton Capital Management LLC boosted its stake in Dril-Quip by 18.9% in the first quarter. Flinton Capital Management LLC now owns 2,464 shares of the oil and gas company’s stock valued at $134,000 after buying an additional 392 shares during the period. Finally, QS Investors LLC boosted its stake in Dril-Quip by 0.5% in the second quarter. QS Investors LLC now owns 2,813 shares of the oil and gas company’s stock valued at $137,000 after buying an additional 13 shares during the period.

Shares of Dril-Quip (NYSE DRQ) traded up 1.08% on Wednesday, reaching $37.30. The company had a trading volume of 456,392 shares. Dril-Quip has a one year low of $35.85 and a one year high of $69.40. The company’s 50-day moving average is $44.36 and its 200-day moving average is $51.38. The company has a market capitalization of $1.41 billion, a PE ratio of 69.33 and a beta of 0.63.

Dril-Quip (NYSE:DRQ) last released its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.06. Dril-Quip had a net margin of 4.28% and a return on equity of 2.12%. The firm had revenue of $127.90 million during the quarter, compared to analysts’ expectations of $112.12 million. During the same period in the previous year, the company earned $0.96 EPS. The firm’s revenue for the quarter was down 10.2% compared to the same quarter last year. Equities research analysts predict that Dril-Quip will post $0.11 earnings per share for the current year.

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.

Analyst Recommendations for Dril-Quip (NYSE:DRQ)

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