$0.03 EPS Expected for Dril-Quip, Inc. (DRQ)
February 18, 2018 – By Marguerite Chambers
Investors sentiment increased to 1.04 in 2017 Q3. Its up 0.19, from 0.85 in 2017Q2. It improved, as 29 investors sold Dril-Quip, Inc. shares while 68 reduced holdings. 29 funds opened positions while 72 raised stakes. 41.51 million shares or 5.94% less from 44.13 million shares in 2017Q2 were reported.
Great Lakes Advsrs Limited Liability invested in 136,353 shares. Dimensional Fund Advsrs Limited Partnership stated it has 3.08 million shares. Fifth Third Bancorp reported 0% in Dril-Quip, Inc. (NYSE:DRQ). The California-based Wells Fargo And Company Mn has invested 0.01% in Dril-Quip, Inc. (NYSE:DRQ). Voya Mngmt Lc holds 0.04% or 369,901 shares. 95,000 were accumulated by Lombard Odier Asset Management (Usa) Corp. Rhumbline Advisers invested 0.01% in Dril-Quip, Inc. (NYSE:DRQ). Frontier Capital Limited Liability Corporation invested in 0.05% or 164,238 shares. Van Eck Assocs Corp reported 404,348 shares stake. Thrivent Financial For Lutherans has invested 0% in Dril-Quip, Inc. (NYSE:DRQ). Financial Bank Of Montreal Can holds 0% or 23,573 shares. Tortoise Cap Advsr Ltd Liability Corporation owns 9 shares for 0% of their portfolio. Fil Limited owns 191,065 shares. Texas Permanent School Fund reported 27,623 shares or 0.02% of all its holdings. Goldman Sachs Grp Inc Incorporated Inc reported 385,107 shares or 0% of all its holdings.
Since October 2, 2017, it had 0 buys, and 8 selling transactions for $1.74 million activity. $86,980 worth of stock was sold by Webster James C. on Monday, October 2. DeBerry Blake T. also sold $86,980 worth of Dril-Quip, Inc. (NYSE:DRQ) on Monday, October 2. $26,236 worth of stock was sold by SHUKIS A P on Saturday, October 28. The insider Bird Jeffrey J. sold 1,931 shares worth $80,117.
Analysts expect Dril-Quip, Inc. (NYSE:DRQ) to report $0.03 EPS on February, 27.They anticipate $0.20 EPS change or 86.96 % from last quarter’s $0.23 EPS. DRQ’s profit would be $1.14M giving it 394.17 P/E if the $0.03 EPS is correct. After having $0.05 EPS previously, Dril-Quip, Inc.’s analysts see -40.00 % EPS growth. The stock increased 1.72% or $0.8 during the last trading session, reaching $47.3. About 381,386 shares traded. Dril-Quip, Inc. (NYSE:DRQ) has declined 8.80% since February 18, 2017 and is downtrending. It has underperformed by 25.50% the S&P500.
Dril-Quip, Inc. (NYSE:DRQ) Ratings Coverage
Among 14 analysts covering Dril Quip (NYSE:DRQ), 2 have Buy rating, 0 Sell and 12 Hold. Therefore 14% are positive. Dril Quip had 38 analyst reports since July 31, 2015 according to SRatingsIntel. As per Monday, December 14, the company rating was downgraded by Howard Weil. The rating was maintained by Cowen & Co on Wednesday, April 27 with “Market Perform”. The firm has “Hold” rating given on Monday, February 22 by Johnson Rice. The stock has “Accumulate” rating by KLR Group on Monday, December 14. On Tuesday, October 10 the stock rating was upgraded by FBR Capital to “Buy”. Cowen & Co maintained Dril-Quip, Inc. (NYSE:DRQ) on Monday, October 30 with “Hold” rating. The firm has “Market Perform” rating given on Friday, July 31 by Cowen & Co. The stock of Dril-Quip, Inc. (NYSE:DRQ) earned “Neutral” rating by Suntrust Robinson on Wednesday, February 24. The stock of Dril-Quip, Inc. (NYSE:DRQ) has “Mkt Perform” rating given on Monday, November 2 by FBR Capital. The stock of Dril-Quip, Inc. (NYSE:DRQ) earned “Neutral” rating by Piper Jaffray on Thursday, April 28.
Dril-Quip, Inc., together with its subsidiaries, designs, makes, sells, and services offshore drilling and production equipment for use in deepwater, harsh environment, and severe service applications worldwide. The company has market cap of $1.79 billion. It operates through three divisions: Western Hemisphere, Eastern Hemisphere, and Asia-Pacific. It currently has negative earnings. The company's principal products include subsea and surface wellheads, subsea and surface production trees, subsea control systems and manifolds, mudline hanger systems, specialty connectors and associated pipes, drilling and production riser systems, liner hangers, wellhead connectors, and diverters, as well as consumable downhole products.
More notable recent Dril-Quip, Inc. (NYSE:DRQ) news were published by: Bizjournals.com which released: “Houston-based energy equipment co. makes its first acquisition for $143M” on October 17, 2016, also Prnewswire.com with their article: “Dril-Quip, Inc. Announces Results for Second Quarter 2017” published on July 28, 2017, Prnewswire.com published: “Dril-Quip Acquires The Technologies Alliance, Inc. d/b/a OilPatch Technologies” on January 06, 2017. More interesting news about Dril-Quip, Inc. (NYSE:DRQ) were released by: Seekingalpha.com and their article: “Dril-Quip Is 20% Overvalued” published on December 11, 2016 as well as Seekingalpha.com‘s news article titled: “Dril Quip Is A Value Trap” with publication date: June 28, 2016.
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