Dril-Quip, Inc. (NYSE:DRQ) has received a consensus recommendation of “Hold” from the eleven brokerages that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $46.69.

A number of research firms recently weighed in on DRQ. Evercore ISI reiterated a “buy” rating and issued a $53.00 price target on shares of Dril-Quip in a research report on Monday, November 11th. Morgan Stanley reduced their price objective on shares of Dril-Quip from $45.00 to $42.00 and set an “underweight” rating for the company in a research note on Tuesday, October 8th. ValuEngine cut shares of Dril-Quip from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. B. Riley lifted their target price on shares of Dril-Quip from $48.00 to $51.00 and gave the stock a “neutral” rating in a research report on Thursday, September 19th. Finally, Wolfe Research assumed coverage on shares of Dril-Quip in a report on Wednesday, November 27th. They set an “underperform” rating and a $43.00 price target on the stock.

Shares of NYSE:DRQ traded down $0.41 on Tuesday, reaching $42.42. 90,288 shares of the company traded hands, compared to its average volume of 228,550. The stock has a market capitalization of $1.53 billion, a PE ratio of -67.33 and a beta of 1.50. The company’s 50 day moving average is $44.94 and its 200-day moving average is $46.31. Dril-Quip has a fifty-two week low of $26.62 and a fifty-two week high of $56.71.

Dril-Quip (NYSE:DRQ) last issued its earnings results on Thursday, October 24th. The oil and gas company reported ($0.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.19). The company had revenue of $108.23 million during the quarter, compared to analyst estimates of $103.17 million. Dril-Quip had a negative return on equity of 0.58% and a negative net margin of 19.96%. The business’s revenue was up 16.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.20) earnings per share. As a group, research analysts forecast that Dril-Quip will post 0.06 earnings per share for the current fiscal year.

In related news, CEO Blake T. Deberry sold 4,233 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $44.70, for a total transaction of $189,215.10. Following the transaction, the chief executive officer now directly owns 191,024 shares of the company’s stock, valued at $8,538,772.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Blake T. Deberry sold 29,086 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $43.59, for a total transaction of $1,267,858.74. Following the transaction, the chief executive officer now directly owns 170,681 shares in the company, valued at $7,439,984.79. The disclosure for this sale can be found here. Insiders have sold 59,981 shares of company stock worth $2,669,275 over the last three months. 0.97% of the stock is owned by insiders.

Several large investors have recently modified their holdings of DRQ. Waddell & Reed Financial Inc. boosted its position in Dril-Quip by 122.5% during the second quarter. Waddell & Reed Financial Inc. now owns 539,135 shares of the oil and gas company’s stock valued at $25,878,000 after purchasing an additional 296,859 shares during the last quarter. Van ECK Associates Corp increased its holdings in Dril-Quip by 59.4% in the second quarter. Van ECK Associates Corp now owns 525,242 shares of the oil and gas company’s stock worth $25,212,000 after buying an additional 195,825 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its holdings in Dril-Quip by 5.2% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,770,299 shares of the oil and gas company’s stock worth $180,975,000 after buying an additional 187,762 shares during the last quarter. Nuveen Asset Management LLC bought a new position in Dril-Quip during the second quarter valued at approximately $7,305,000. Finally, Morgan Stanley raised its position in Dril-Quip by 335.7% during the second quarter. Morgan Stanley now owns 169,642 shares of the oil and gas company’s stock valued at $8,144,000 after acquiring an additional 130,704 shares in the last quarter.

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.

Read More: Earnings Reports

Analyst Recommendations for Dril-Quip (NYSE:DRQ)

Receive News & Ratings for Dril-Quip Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dril-Quip and related companies with MarketBeat.com's FREE daily email newsletter.