Dril-Quip (DRQ) Given a $40.00 Price Target at Piper Jaffray Companies
Piper Jaffray Companies set a $40.00 target price on Dril-Quip (NYSE:DRQ) in a research note released on Thursday morning. The brokerage currently has a hold rating on the oil and gas company’s stock.
Other equities analysts also recently issued reports about the stock. Capital One Financial reissued an equal weight rating on shares of Dril-Quip in a research note on Thursday, February 22nd. TheStreet raised shares of Dril-Quip from a d+ rating to a c- rating in a research note on Friday, January 26th. B. Riley set a $55.00 price target on shares of Dril-Quip and gave the stock a buy rating in a research note on Friday, February 23rd. ValuEngine downgraded shares of Dril-Quip from a hold rating to a sell rating in a research note on Thursday, March 1st. Finally, Zacks Investment Research raised shares of Dril-Quip from a sell rating to a hold rating in a research note on Monday, February 26th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. Dril-Quip currently has a consensus rating of Hold and a consensus price target of $49.38.
Dril-Quip (DRQ) opened at $46.85 on Thursday. The firm has a market cap of $1,786.67, a PE ratio of 234.25 and a beta of 0.81. Dril-Quip has a 52 week low of $35.85 and a 52 week high of $56.55.
Hedge funds have recently modified their holdings of the business. ING Groep NV raised its stake in shares of Dril-Quip by 23.3% in the 4th quarter. ING Groep NV now owns 5,713 shares of the oil and gas company’s stock valued at $273,000 after acquiring an additional 1,079 shares during the period. CoreCommodity Management LLC raised its stake in shares of Dril-Quip by 7.7% in the 4th quarter. CoreCommodity Management LLC now owns 23,906 shares of the oil and gas company’s stock valued at $1,140,000 after acquiring an additional 1,709 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Dril-Quip by 1.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 176,635 shares of the oil and gas company’s stock valued at $7,798,000 after acquiring an additional 1,871 shares during the period. Wesbanco Bank Inc. raised its stake in shares of Dril-Quip by 52.3% in the 3rd quarter. Wesbanco Bank Inc. now owns 7,135 shares of the oil and gas company’s stock valued at $315,000 after acquiring an additional 2,450 shares during the period. Finally, American International Group Inc. raised its stake in shares of Dril-Quip by 2.8% in the 3rd quarter. American International Group Inc. now owns 102,818 shares of the oil and gas company’s stock valued at $4,539,000 after acquiring an additional 2,766 shares during the period.
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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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