![]() After successful launches with Harry’s and Casper, Target is the first brick-and-mortar retailer to carry Quip’s electric brushes across the chain and online. As always, investors should conduct their own research before making any investment decisions.Launched in 2015 using an online subscription-based model like Dollar Shave Club, Quip is the latest internet startup to hit the shelves of a major retailer and connect with a broader audience. ET AL raised its position by almost 30% during Q1 2023 Royce & Associates LP bought new stake valued at over $8 million during Q1 as well State Street Corp increased its position by just under 17% also during Q1 this year Finally Heartland Advisors Inc increased its position by over 43% during Q4 of last year.ĭespite changes in the market and within the company with insider selling and institutional investing, Dril-Quip continues to provide quality products and services to the offshore drilling industry. Meanwhile, institutional investors and hedge funds have made some significant changes to their holdings in DRQ – CWA Asset Management Group LLC purchased new shares valued at over $11 million during Q4 of last year Gamco Investors INC. Insiders have sold over 17k shares worth nearly $594k over the past quarter thus far. In other news surrounding the company, Director John Lovoi sold 13,000 shares for over $450k in March while CFO Kyle Mcclure sold 2,500 shares for around $75k in April – both transactions were disclosed with the Securities & Exchange Commission. Despite the decrease in ratings from certain analysts and fluctuations in stock price over the past year (with a low of $19.10 and high of $35.95), Dril-Quip continues to offer quality products to the offshore industry. Their range of products include specialty casing connectors, mudline suspension equipment, downhole tools, capital drilling equipment, control systems, and dry tree systems. The company operates in three geographical segments: Western Hemisphere, Eastern Hemisphere, and Asia-Pacific. As of May 13th, Dril-Quip’s stock opened at $24.58 with a market cap of $839.95 million and a P/E ratio of 72.29. In March of 2023, began covering the company with a “hold” rating, while TheStreet upgraded their rating from “d+” to “c-” in January. With Dril-Quip’s impressive performance figures from February and continued positive market developments, it appears as though the oil and gas company will remain an attractive proposition for investors this year.Īnalysis of Dril-Quip: Stock Ratings, Insider Selling, and Institutional Investingĭril-Quip, a company that offers offshore drilling and production equipment, has been recently analyzed by various experts. ![]() In conclusion, while there was a decrease in Dril-Quip’s price target recently pegged at $25 in contrast to its previous $27, Barclay’s still sees the potential for an upside of 1.71%. 04 EPS for the current year as a group it will be intriguing to see whether or not this prediction holds up against actual market performance going forward. While Dril-Quip had a negative return on equity of 1.06% coupled with a mere net margin of 0.12%, its quarterly revenue soared by approximately 24% in comparison to the same period last year when it recorded ($0.46) earnings per share.Īs equities analysts have forecasted that Dril-Quip will post -0. Furthermore, the company’s revenue during that same quarter totaled $96.81 million as compared to expectations of only $88.50 million held by industry experts. This figure beat analysts’ consensus estimate of ($0.05) by a remarkable $0.11. Looking back at February 27th of this year when Dril-Quip last released its quarterly earnings results, the oil and gas company recorded an impressive achievement by reporting $0.06 earnings per share for the quarter. ![]() Dril-Quip’s products are inclusive of but not limited to specialty casing connectors, mudline suspension equipment, downhole tools, capital drilling equipment, control systems and dry tree systems. ![]() The company’s geographical segments include Western Hemisphere, Eastern Hemisphere, and Asia-Pacific. However, Barclays still sees potential for an upside of 1.71% from the stock’s previous close.ĭril-Quip is an oil and gas company that designs, manufactures, sells and services offshore drilling and production equipment. According to a report released on Friday, this decrease was from $27.00 to $25.00. On May 13th, 2023, Dril-Quip (NYSE:DRQ) had its price target decreased by analysts at Barclays.
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