Drilling Tools International (NASDAQ:DTI) Rating Lowered to “Strong Sell” at Zacks Research

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

Other research analysts have also recently issued reports about the stock. Jefferies Financial Group reiterated a “hold” rating and set a $2.80 price target on shares of Drilling Tools International in a research report on Sunday, August 9th. Weiss Ratings reissued a “sell (e+)” rating on shares of Drilling Tools International in a research note on Monday, October 26th. One equities research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Sell” and a consensus price target of $2.80.

Drilling Tools International Price Performance

Shares of Drilling Tools International stock opened at $1.48 on Monday. The company has a current ratio of 2.08, a quick ratio of 1.58 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $52.21 million, a PE ratio of -11.38, a price-to-earnings-growth ratio of 4.39 and a beta of -0.56. The business’s 50-day moving average price is $2.11 and its 200-day moving average price is $2.80. Drilling Tools International has a 12 month low of $1.35 and a 12 month high of $4.69.

Drilling Tools International (NASDAQ:DTI) last announced its quarterly earnings data on Thursday, November 5th. The company reported ($0.01) earnings per share 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 net margin of 3.06% and a negative return on equity of 0.40%. Sell-side analysts forecast that Drilling Tools International will post 0.04 EPS for the current fiscal year.

Insider Transactions at Drilling Tools International

In related news, Director Ira Harris Green, Jr. acquired 25,000 shares of the firm’s stock in a transaction dated Monday, November 9th. The shares were purchased at an average price of $1.63 per share, for a total transaction of $40,750.00. Following the completion of the acquisition, the director owned 42,207 shares in the company, valued at approximately $68,797.41. This represents a 145.29% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, CFO David Richard Johnson bought 30,350 shares of the stock in a transaction dated Monday, November 9th. The stock was bought at an average cost of $1.65 per share, with a total value of $50,077.50. Following the purchase, the chief financial officer owned 97,780 shares in the company, valued at $161,337. The trade was a 45.01% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have purchased 155,350 shares of company stock worth $254,828. Company insiders own 17.10% of the company’s stock.

Institutional Trading of Drilling Tools International

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Private Management Group Inc. lifted its position in Drilling Tools International by 65.4% in the third quarter. Private Management Group Inc. now owns 2,880,194 shares of the company’s stock valued at $6,668,000 after purchasing an additional 1,138,556 shares during the last quarter. Walleye Capital LLC purchased a new position in shares of Drilling Tools International in the first quarter worth $1,243,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of Drilling Tools International in the first quarter worth $954,000. Bank of America Corp DE raised its holdings in Drilling Tools International by 567,520.0% during the 1st quarter. Bank of America Corp DE now owns 141,905 shares of the company’s stock valued at $614,000 after buying an additional 141,880 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Drilling Tools International by 385.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 113,109 shares of the company’s stock valued at $488,000 after buying an additional 89,806 shares during the last quarter. Institutional investors own 2.79% of the company’s stock.

Trending Headlines about Drilling Tools International

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.