Dril-Quip (NYSE:DRQ)‘s stock had its “buy” rating reissued by equities researchers at B. Riley in a research report issued to clients and investors on Monday.
Other analysts have also recently issued research reports about the stock. TheStreet upgraded shares of Dril-Quip from a “d+” rating to a “c-” rating in a research note on Friday, January 26th. Capital One Financial restated an “equal weight” rating on shares of Dril-Quip in a research note on Thursday, February 22nd. Barclays set a $49.00 target price on shares of Dril-Quip and gave the stock an “equal weight” rating in a research note on Wednesday, February 28th. Cowen set a $45.00 target price on shares of Dril-Quip and gave the stock a “hold” rating in a research note on Thursday, January 11th. Finally, Zacks Investment Research upgraded shares of Dril-Quip from a “sell” rating to a “hold” rating in a research note on Monday, February 26th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $49.38.
Shares of Dril-Quip (NYSE DRQ) opened at $45.55 on Monday. Dril-Quip has a 52 week low of $35.85 and a 52 week high of $56.55. The company has a market cap of $1,737.11, a price-to-earnings ratio of -17.00 and a beta of 0.81.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. lifted its stake in shares of Dril-Quip by 0.9% in the fourth quarter. BlackRock Inc. now owns 4,136,205 shares of the oil and gas company’s stock valued at $197,297,000 after purchasing an additional 36,073 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Dril-Quip by 5.1% in the fourth quarter. Bank of New York Mellon Corp now owns 1,249,154 shares of the oil and gas company’s stock valued at $59,584,000 after purchasing an additional 61,171 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Dril-Quip by 43.4% in the third quarter. Wells Fargo & Company MN now owns 842,542 shares of the oil and gas company’s stock valued at $37,199,000 after purchasing an additional 255,037 shares during the period. Macquarie Group Ltd. lifted its stake in shares of Dril-Quip by 8.4% in the fourth quarter. Macquarie Group Ltd. now owns 724,546 shares of the oil and gas company’s stock valued at $34,561,000 after purchasing an additional 56,155 shares during the period. Finally, Boston Partners lifted its stake in shares of Dril-Quip by 68.3% in the fourth quarter. Boston Partners now owns 617,025 shares of the oil and gas company’s stock valued at $29,432,000 after purchasing an additional 250,480 shares during the period.
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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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