Dril-Quip, Inc. (NYSE:DRQ) has received a consensus rating of “Hold” from the ten brokerages that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating and seven have issued a hold rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $45.40.

Several equities research analysts have recently commented on DRQ shares. Barclays reduced their price target on shares of Dril-Quip from $41.00 to $39.00 and set a “sell” rating for the company in a research report on Monday, October 29th. ValuEngine lowered shares of Dril-Quip from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. Zacks Investment Research reaffirmed a “hold” rating on shares of Dril-Quip in a research report on Tuesday, November 13th. Finally, JPMorgan Chase & Co. started coverage on shares of Dril-Quip in a research report on Thursday, January 17th. They set a “neutral” rating for the company.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. HGK Asset Management Inc. increased its holdings in Dril-Quip by 6.0% in the 4th quarter. HGK Asset Management Inc. now owns 9,306 shares of the oil and gas company’s stock worth $279,000 after acquiring an additional 526 shares in the last quarter. First Hawaiian Bank boosted its stake in Dril-Quip by 10.4% in the 4th quarter. First Hawaiian Bank now owns 7,879 shares of the oil and gas company’s stock worth $236,000 after purchasing an additional 740 shares during the period. Legal & General Group Plc boosted its stake in Dril-Quip by 1.9% in the 3rd quarter. Legal & General Group Plc now owns 46,555 shares of the oil and gas company’s stock worth $2,432,000 after purchasing an additional 871 shares during the period. Nikko Asset Management Americas Inc. boosted its stake in Dril-Quip by 1.9% in the 4th quarter. Nikko Asset Management Americas Inc. now owns 53,237 shares of the oil and gas company’s stock worth $1,599,000 after purchasing an additional 970 shares during the period. Finally, Pacer Advisors Inc. boosted its stake in Dril-Quip by 13.1% in the 3rd quarter. Pacer Advisors Inc. now owns 12,989 shares of the oil and gas company’s stock worth $679,000 after purchasing an additional 1,501 shares during the period.

NYSE:DRQ traded up $0.14 during mid-day trading on Wednesday, reaching $35.93. The company’s stock had a trading volume of 2,331 shares, compared to its average volume of 887,219. Dril-Quip has a 12-month low of $26.62 and a 12-month high of $58.95. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 138.08 and a beta of 1.46.

Dril-Quip Company Profile

Dril-Quip, Inc, together with its subsidiaries, designs, manufactures, sells, and services onshore and offshore drilling and production equipment for use in deepwater, harsh environment, and severe service applications worldwide. It operates through three segments: Western Hemisphere, Eastern Hemisphere, and Asia-Pacific.

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Analyst Recommendations for Dril-Quip (NYSE:DRQ)

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