Cowen and Company reiterated their market perform rating on shares of Dril-Quip, Inc. (NYSE:DRQ) in a report published on Monday, Marketbeat.com reports. They currently have a $39.00 price target on the oil and gas company’s stock, down from their prior price target of $43.00.

Several other research analysts also recently commented on the company. Scotiabank set a $61.00 price objective on Dril-Quip and gave the stock a hold rating in a report on Friday, October 27th. FBR & Co reiterated a buy rating on shares of Dril-Quip in a report on Friday, October 27th. Gabelli initiated coverage on Dril-Quip in a report on Friday, October 20th. They issued a hold rating and a $43.00 price target on the stock. BidaskClub downgraded Dril-Quip from a sell rating to a strong sell rating in a report on Thursday, August 10th. Finally, Piper Jaffray Companies set a $43.00 price target on Dril-Quip and gave the company a hold rating in a report on Saturday, July 29th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. Dril-Quip currently has an average rating of Hold and an average target price of $50.50.

Dril-Quip (NYSE:DRQ) last released its quarterly earnings data on Friday, October 27th. The oil and gas company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.06. The company had revenue of $100.35 million for the quarter, compared to the consensus estimate of $106.74 million. Dril-Quip had a positive return on equity of 1.19% and a negative net margin of 6.14%. Dril-Quip’s quarterly revenue was down 18.8% on a year-over-year basis. During the same period last year, the business posted $0.63 EPS.

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In other news, insider Blake T. Deberry sold 14,819 shares of the firm’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $41.49, for a total value of $614,840.31. Following the completion of the sale, the insider now owns 113,175 shares of the company’s stock, valued at approximately $4,695,630.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO James A. Gariepy sold 13,409 shares of the firm’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $41.49, for a total value of $556,339.41. Following the completion of the sale, the chief operating officer now directly owns 104,753 shares of the company’s stock, valued at approximately $4,346,201.97. The disclosure for this sale can be found here. Insiders sold a total of 37,662 shares of company stock valued at $1,567,399 in the last three months. Insiders own 0.87% of the company’s stock.

Several institutional investors have recently bought and sold shares of DRQ. BlackRock Inc. boosted its position in shares of Dril-Quip by 8,615.2% in the 1st quarter. BlackRock Inc. now owns 3,581,432 shares of the oil and gas company’s stock worth $195,368,000 after purchasing an additional 3,540,338 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Dril-Quip by 27.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,139,752 shares of the oil and gas company’s stock worth $153,221,000 after purchasing an additional 684,559 shares in the last quarter. Northern Trust Corp boosted its position in shares of Dril-Quip by 119.7% in the 2nd quarter. Northern Trust Corp now owns 1,042,035 shares of the oil and gas company’s stock worth $50,851,000 after purchasing an additional 567,821 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Dril-Quip by 269.0% in the 2nd quarter. Janus Henderson Group PLC now owns 637,160 shares of the oil and gas company’s stock worth $31,093,000 after purchasing an additional 464,501 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its position in shares of Dril-Quip by 1,074.1% in the 2nd quarter. Alliancebernstein L.P. now owns 329,283 shares of the oil and gas company’s stock worth $16,069,000 after purchasing an additional 301,237 shares in the last quarter.

About Dril-Quip

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.

Analyst Recommendations for Dril-Quip (NYSE:DRQ)

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