Dril-Quip, Inc. (NYSE:DRQ) has earned a consensus recommendation of “Hold” from the thirteen analysts that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $49.50.

DRQ has been the subject of several recent analyst reports. FBR & Co raised Dril-Quip from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $49.00 to $55.00 in a report on Tuesday, October 10th. Zacks Investment Research raised Dril-Quip from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a report on Wednesday, November 1st. B. Riley reissued a “buy” rating on shares of Dril-Quip in a report on Wednesday, November 1st. TheStreet lowered Dril-Quip from a “c” rating to a “d+” rating in a research note on Friday, October 27th. Finally, Gabelli began coverage on Dril-Quip in a research note on Friday, October 20th. They issued a “hold” rating and a $43.00 target price for the company.

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Shares of Dril-Quip (DRQ) traded up $0.15 during midday trading on Monday, hitting $44.50. The stock had a trading volume of 420,114 shares, compared to its average volume of 570,728. Dril-Quip has a 52 week low of $35.85 and a 52 week high of $69.40. The stock has a market capitalization of $1,694.26, a price-to-earnings ratio of 106.55 and a beta of 0.68.

Dril-Quip (NYSE:DRQ) last issued its quarterly earnings data on Friday, October 27th. The oil and gas company reported $0.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.06. Dril-Quip had a positive return on equity of 1.19% and a negative net margin of 6.14%. The company had revenue of $100.35 million during the quarter, compared to analyst estimates of $106.74 million. During the same quarter in the previous year, the firm earned $0.63 earnings per share. Dril-Quip’s revenue was down 18.8% on a year-over-year basis. sell-side analysts predict that Dril-Quip will post 0.18 EPS for the current fiscal year.

In other news, COO James A. Gariepy sold 13,409 shares of the stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $41.49, for a total transaction of $556,339.41. Following the completion of the sale, the chief operating officer now owns 104,753 shares of the company’s stock, valued at $4,346,201.97. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Blake T. Deberry sold 14,819 shares of the stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $41.49, for a total value of $614,840.31. Following the sale, the insider now directly owns 113,175 shares of the company’s stock, valued at approximately $4,695,630.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 37,662 shares of company stock valued at $1,567,399. Insiders own 0.87% of the company’s stock.

Several large investors have recently added to or reduced their stakes in DRQ. Riverhead Capital Management LLC boosted its stake in shares of 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 during the period. Quantbot Technologies LP purchased a new stake in shares of Dril-Quip during the third quarter valued at approximately $136,000. QS Investors LLC boosted its stake in shares of 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 during the period. LS Investment Advisors LLC boosted its stake in shares of Dril-Quip by 17.6% during the second quarter. LS Investment Advisors LLC now owns 3,014 shares of the oil and gas company’s stock valued at $147,000 after purchasing an additional 450 shares during the period. Finally, Flinton Capital Management LLC boosted its stake in shares of 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 during the period.

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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