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

Drilling Tools International (NASDAQ:DTI) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Monday, Zacks reports.

DTI has been the topic of several other reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Drilling Tools International in a research report on Monday, October 26th. Jefferies Financial Group restated a “hold” rating and set a $2.80 target price on shares of Drilling Tools International in a report on Sunday, August 9th. One analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Sell” and a consensus price target of $2.80.

Drilling Tools International Stock Performance

NASDAQ DTI opened at $1.48 on Monday. Drilling Tools International has a 1-year low of $1.35 and a 1-year high of $4.69. The company has a market capitalization of $52.21 million, a P/E ratio of -11.38, a PEG ratio of 4.39 and a beta of -0.56. The business has a 50 day moving average price of $2.11 and a 200 day moving average price of $2.80. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.08 and a quick ratio of 1.58.

Drilling Tools International (NASDAQ:DTI) last posted its earnings results on Thursday, November 5th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.05). The firm had revenue of $40.65 million for the quarter, compared to analysts’ expectations of $40.87 million. Drilling Tools International had a negative return on equity of 0.40% and a negative net margin of 3.06%. Sell-side analysts expect that Drilling Tools International will post 0.04 EPS for the current fiscal year.

Insider Transactions at Drilling Tools International

In related news, CEO Robert Wayne Prejean purchased 100,000 shares of the business’s stock in a transaction dated Monday, November 9th. The stock was bought at an average cost of $1.64 per share, with a total value of $164,000.00. Following the completion of the acquisition, the chief executive officer directly owned 591,076 shares in the company, valued at $969,364.64. The trade was a 20.36% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ira Harris Green, Jr. acquired 25,000 shares of Drilling Tools International stock in a transaction dated Monday, November 9th. The stock was bought at an average price of $1.63 per share, for a total transaction of $40,750.00. Following the completion of the transaction, the director directly owned 42,207 shares of the company’s stock, valued at approximately $68,797.41. This represents a 145.29% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased a total of 155,350 shares of company stock valued at $254,828 over the last three months. 17.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Private Management Group Inc. boosted its stake in shares of Drilling Tools International by 65.4% during the 3rd quarter. Private Management Group Inc. now owns 2,880,194 shares of the company’s stock worth $6,668,000 after purchasing an additional 1,138,556 shares during the last quarter. Bfsg LLC raised its position in shares of 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 last quarter. Engineers Gate Manager LP raised its position in shares of Drilling Tools International by 129.2% in the second quarter. Engineers Gate Manager LP now owns 37,825 shares of the company’s stock valued at $73,000 after buying an additional 21,319 shares during the last quarter. Squarepoint Ops LLC acquired a new position in shares of Drilling Tools International in the second quarter valued at approximately $34,000. Finally, AXQ Capital LP lifted its stake in shares of Drilling Tools International by 93.5% during the second quarter. AXQ Capital LP now owns 48,048 shares of the company’s stock valued at $93,000 after buying an additional 23,213 shares during the period. 2.79% of the stock is currently owned by hedge funds and other institutional investors.

Key Drilling Tools International News

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.