It is positive, as 30 investors sold Dril-Quip, Inc. shares while 76 reduced holdings. (NYSE:DRQ) during the second quarter, Holdings Channel reports. On Friday, February 26 the stock rating was maintained by Cowen & Co with "Market Perform".
Large investors have recently bought and sold shares of the company. Advantus Capital Management Inc raised its stake in shares of Dril-Quip by 3.6% in the first quarter. Tyers Asset Management LLC now owns 1,936 shares of the oil and gas company's stock valued at $106,000 after buying an additional 308 shares during the last quarter. TrimTabs Asset Management LLC increased its position in Dril-Quip by 89.1% in the first quarter. Advantus Capital Management Inc now owns 4,840 shares of the oil and gas company's stock worth $264,000 after buying an additional 170 shares during the last quarter. BlackRock Inc. raised its position in Dril-Quip by 8,615.2% in the first quarter. Louisiana State Employees Retirement System now owns 9,500 shares of the oil and gas company's stock worth $518,000 after buying an additional 200 shares in the last quarter. LS Investment Advisors LLC boosted its position in Dril-Quip by 17.6% in the second quarter. Commerce Bank now owns 5,125 shares of the oil and gas company's stock worth $250,000 after buying an additional 155 shares during the period. Bank of Montreal Can raised its stake in shares of Dril-Quip by 38.4% in the first quarter.
Shares of Dril-Quip, Inc.
Dril-Quip (NYSE:DRQ) traded down 1.95% during mid-day trading on Monday, hitting $40.15. 517,567 shares of the company's stock traded hands. Dril-Quip has a 52-week low of $42.60 and a 52-week high of $69.40. The stock has a market capitalization of $1.52 billion, a PE ratio of 74.63 and a beta of 0.63. The stock presently has an average rating of Hold and a consensus target price of $56.00.
Dril-Quip (NYSE:DRQ) last released its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.09 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.03 by $0.06. The firm had revenue of $127.90 million for the quarter, compared to analyst estimates of $112.12 million. BlackRock has an ownership of 4,221,751 stocks of the oil and gas firms shares valued $206,022,000 after scooping up an extra 640,319 shares through out the previous quarter, Vanguard Group raised its stake in stocks of Dril-Quip by 4.2% in the Q1. Next quarter's EPS is forecasted at $-0.05 and the next full year EPS is anticipated to be $0.32.
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DRQ has been the topic of several other research reports. Zacks Investment Research raised Dril-Quip from a "sell" rating to a "hold" rating in a report on Tuesday, May 2nd. Also Nasdaq.com published the news titled: "Dril-Quip Reaches Analyst Target Price" on July 28, 2017. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company's stock. Piper Jaffray Companies fixed a $43.00 price objective on the stock of Dril-Quip and issued the company a "hold" recommendation in a analysis note on Saturday, Jul 29th. The Company's activities are organized into three geographic divisions: 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.