Dril-Quip (NYSE:DRQ) was upgraded by research analysts at TheStreet from a “d+” rating to a “c-” rating in a research note issued to investors on Friday.

DRQ has been the subject of a number of other reports. Cowen set a $43.00 price target on shares of Dril-Quip and gave the company a “hold” rating in a research report on Friday, October 6th. Zacks Investment Research downgraded shares of Dril-Quip from a “hold” rating to a “sell” rating in a research report on Wednesday, January 3rd. ValuEngine downgraded shares of Dril-Quip from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Gabelli initiated coverage on shares of Dril-Quip in a research report on Friday, October 20th. They issued a “hold” rating and a $43.00 price target for the company. Finally, FBR & Co reiterated a “buy” rating on shares of Dril-Quip in a research report on Friday, October 27th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $49.43.

Shares of Dril-Quip (NYSE:DRQ) opened at $52.55 on Friday. The stock has a market cap of $2,044.47, a P/E ratio of -70.07 and a beta of 0.74. Dril-Quip has a 1 year low of $35.85 and a 1 year high of $67.95.

In other news, insider Blake T. Deberry sold 10,000 shares of Dril-Quip stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $44.66, for a total value of $446,600.00. Following the completion of the sale, the insider now directly owns 126,208 shares in the company, valued at $5,636,449.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.87% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Riverhead Capital Management LLC raised its position in Dril-Quip by 66.4% during 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 purchasing an additional 1,063 shares in the last quarter. Quantbot Technologies LP acquired a new position in Dril-Quip during the third quarter valued at approximately $136,000. QS Investors LLC raised its position in Dril-Quip by 0.5% during the second quarter. QS Investors LLC now owns 2,813 shares of the oil and gas company’s stock valued at $137,000 after purchasing an additional 13 shares in the last quarter. Flinton Capital Management LLC raised its position in Dril-Quip by 64.8% during the second quarter. Flinton Capital Management LLC now owns 4,060 shares of the oil and gas company’s stock valued at $198,000 after purchasing an additional 1,596 shares in the last quarter. Finally, Unison Advisors LLC acquired a new position in Dril-Quip during the fourth quarter valued at approximately $212,000.

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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.

Analyst Recommendations for Dril-Quip (NYSE:DRQ)

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