Drilling Tools International (NASDAQ:DTI) Stock Rating Lowered by Zacks Research

Drilling Tools International (NASDAQ:DTI) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Monday, Zacks reports.

Several other analysts have also recently commented on DTI. Weiss Ratings restated a “sell (e+)” rating on shares of Drilling Tools International in a report on Monday, October 26th. Jefferies Financial Group reiterated a “hold” rating and set a $2.80 price objective on shares of Drilling Tools International in a report on Sunday, August 9th. One investment analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Sell” and an average target price of $2.80.

Drilling Tools International Price Performance

Shares of NASDAQ:DTI opened at $1.48 on Monday. The company has a market cap of $52.21 million, a P/E ratio of -11.38, a P/E/G ratio of 4.39 and a beta of -0.56. The company has a quick ratio of 1.58, a current ratio of 2.08 and a debt-to-equity ratio of 0.37. Drilling Tools International has a 52 week low of $1.35 and a 52 week high of $4.69. The business has a fifty day simple moving average of $2.11 and a 200-day simple moving average of $2.80.

Drilling Tools International (NASDAQ:DTI) last released its earnings results on Thursday, November 5th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.05). Drilling Tools International had a negative return on equity of 0.40% and a negative net margin of 3.06%. The business had revenue of $40.65 million for the quarter, compared to analysts’ expectations of $40.87 million. Equities research analysts forecast that Drilling Tools International will post 0.04 EPS for the current year.

Insider Activity at Drilling Tools International

In other news, CEO Robert Wayne Prejean bought 100,000 shares of Drilling Tools International stock in a transaction that occurred on Monday, November 9th. The shares were purchased at an average price of $1.64 per share, for a total transaction of $164,000.00. Following the completion of the acquisition, the chief executive officer owned 591,076 shares of the company’s stock, valued at $969,364.64. The trade was a 20.36% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO David Richard Johnson purchased 30,350 shares of the stock in a transaction on Monday, November 9th. The shares were purchased at an average cost of $1.65 per share, with a total value of $50,077.50. Following the transaction, the chief financial officer owned 97,780 shares of the company’s stock, valued at $161,337. This trade represents a 45.01% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have bought 155,350 shares of company stock worth $254,828. 17.10% of the stock is owned by insiders.

Institutional Trading of Drilling Tools International

Institutional investors have recently modified their holdings of the company. Bfsg LLC raised its holdings in Drilling Tools International by 45.1% in the third quarter. Bfsg LLC now owns 21,265 shares of the company’s stock valued at $49,000 after buying an additional 6,610 shares during the period. Squarepoint Ops LLC acquired a new stake in shares of Drilling Tools International in the second quarter worth $34,000. OMERS ADMINISTRATION Corp purchased a new position in shares of Drilling Tools International in the 1st quarter valued at $80,000. Engineers Gate Manager LP raised its stake in shares of Drilling Tools International by 129.2% in the 2nd quarter. Engineers Gate Manager LP now owns 37,825 shares of the company’s stock valued at $73,000 after acquiring an additional 21,319 shares during the period. Finally, AXQ Capital LP lifted its holdings in shares of Drilling Tools International by 93.5% during the 2nd quarter. AXQ Capital LP now owns 48,048 shares of the company’s stock valued at $93,000 after acquiring an additional 23,213 shares in the last quarter. Hedge funds and other institutional investors own 2.79% of the company’s stock.

Drilling Tools International News Roundup

Here are the key news stories impacting Drilling Tools International this week:

• Positive Sentiment: Three company insiders bought a combined 155,350 shares for approximately $255,000. CEO Robert Prejean bought 100,000 shares, while the CFO and a director also increased their holdings—a potentially encouraging signal of management confidence. CEO SEC filing CFO SEC filing Director SEC filing
• Neutral Sentiment: Reported short interest was zero shares, indicating no measurable short position in the figures provided.
• Negative Sentiment: DTI’s third-quarter adjusted results missed expectations: it reported a $0.01-per-share loss versus the consensus forecast for $0.04 in earnings. Higher costs offset stronger drilling activity, while increased capital spending weighs on the 2026 free-cash-flow outlook. Zacks earnings article
• Negative Sentiment: Sidoti lowered its FY2026 earnings estimate to a loss of $0.02 per share from earnings of $0.04, and cut its FY2027 estimate to $0.13 from $0.16. The estimate reductions add to concerns about the company’s near-term earnings outlook.

Drilling Tools International Company Profile

Drilling Tools International Corporation (NASDAQ: DTI) provides rental tools and related services to the oil and gas drilling industry. The company supplies downhole equipment used in drilling, completion and production operations, serving exploration and production companies, drilling contractors and oilfield service providers. Its product offering includes drill pipe, drill collars, heavy-weight drill pipe, stabilizers, subs, mud motors, drilling jars and other specialized downhole tools. Drilling Tools International also provides equipment inspection, maintenance, repair, refurbishment and machining services intended to support the safe and efficient use of drilling equipment.