Dril-Quip, Inc. (NYSE:DRQ – Get Free Report) VP James C. Webster sold 6,000 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $14.67, for a total transaction of $88,020.00. Following the sale, the vice president now directly owns 56,735 shares in the company, valued at $832,302.45. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Dril-Quip Stock Performance
Shares of DRQ opened at $15.22 on Friday. The stock has a market capitalization of $523.87 million, a PE ratio of -23.78 and a beta of 0.87. The company’s fifty day moving average is $17.01 and its 200 day moving average is $19.49. Dril-Quip, Inc. has a fifty-two week low of $14.07 and a fifty-two week high of $30.93.
Dril-Quip (NYSE:DRQ – Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The oil and gas company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.07). Dril-Quip had a negative return on equity of 2.48% and a negative net margin of 5.69%. The company had revenue of $120.34 million during the quarter, compared to the consensus estimate of $118.85 million. During the same quarter in the previous year, the company posted ($0.03) earnings per share. The company’s revenue for the quarter was up 34.3% on a year-over-year basis. As a group, research analysts forecast that Dril-Quip, Inc. will post 0.45 earnings per share for the current year.
Institutional Trading of Dril-Quip
Wall Street Analysts Forecast Growth
DRQ has been the subject of several research analyst reports. Barclays cut their price objective on Dril-Quip from $22.00 to $21.00 and set an “underweight” rating for the company in a report on Tuesday, May 14th. StockNews.com upgraded shares of Dril-Quip from a “sell” rating to a “hold” rating in a research report on Monday, August 12th.
About Dril-Quip
Dril-Quip, Inc, together with its subsidiaries, designs, manufactures, sells, and services engineered drilling and production equipment for offshore and onshore applications worldwide. The company’s principal products include subsea and surface wellheads, specialty connectors and associated pipes, subsea production trees and systems, mudline hanger systems, production riser systems, dry tree systems, subsea manifolds, line hangers and expandable liner systems, multi-frac well connections, conventional wellheads, thermal wellheads, completion packers, and safety and kelly valves; and rig equipment comprises drilling riser systems, wellhead connectors, diverters, and cement manifolds.
Featured Stories
- Five stocks we like better than Dril-Quip
- What Are Dividends? Buy the Best Dividend Stocks
- JD.com Earnings Surprise: China’s Outlook Better Than Expected
- How to Invest in Small Cap Stocks
- Warren Buffett’s Recent Stock Moves: Top Buys and Sells to Watch
- What is a Dividend King?
- Sea Limited’s E-Commerce and Fintech Strength Fuel Stock Surge
Receive News & Ratings for Dril-Quip Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dril-Quip and related companies with MarketBeat.com's FREE daily email newsletter.