Dril-Quip (DRQ) Earning Somewhat Favorable News Coverage, Study Finds
Media headlines about Dril-Quip (NYSE:DRQ) have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Dril-Quip earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave news articles about the oil and gas company an impact score of 45.7226199875151 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- Comparing Dril-Quip (DRQ) and CIRCOR International (CIR) (americanbankingnews.com)
- Brokerages Expect Dril-Quip, Inc. (DRQ) Will Post Quarterly Sales of $107.83 Million (americanbankingnews.com)
- Vipshop Holdings Limited Americ (VIPS) Saw a New 52-Week Low (newstrendstoday.com)
- Dril-Quip, Inc. (NYSE:DRQ) Traded Well Below Its 50 Day Moving Average (highlightpress.com)
- 23.8% Return Seen to Date on SmarTrend Dril-Quip Inc Call (DRQ) (mysmartrend.com)
Several research analysts have issued reports on the company. BidaskClub cut Dril-Quip from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. Scotiabank set a $61.00 price target on Dril-Quip and gave the company a “hold” rating in a research report on Monday, July 31st. Cowen and Company dropped their price target on Dril-Quip from $55.00 to $43.00 and set a “market perform” rating for the company in a research report on Monday, July 31st. Piper Jaffray Companies set a $43.00 price target on Dril-Quip and gave the company a “hold” rating in a research report on Saturday, July 29th. Finally, Zacks Investment Research upgraded Dril-Quip from a “sell” rating to a “hold” rating in a research report on Tuesday, May 2nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $56.00.
Shares of Dril-Quip (DRQ) traded up 0.54% on Wednesday, hitting $37.10. The stock had a trading volume of 217,180 shares. Dril-Quip has a 12-month low of $35.85 and a 12-month high of $69.40. The firm has a market cap of $1.40 billion, a P/E ratio of 68.96 and a beta of 0.63. The company’s 50-day moving average price is $44.36 and its 200 day moving average price is $51.38.
Dril-Quip (NYSE:DRQ) last posted its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.06. Dril-Quip had a return on equity of 2.12% and a net margin of 4.28%. The business had revenue of $127.90 million for the quarter, compared to analyst estimates of $112.12 million. During the same period last year, the company earned $0.96 EPS. The firm’s revenue was down 10.2% on a year-over-year basis. On average, equities research analysts forecast that Dril-Quip will post $0.11 earnings per share for the current fiscal year.
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.
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