Somewhat Positive Press Coverage Somewhat Unlikely to Affect Dril-Quip (DRQ) Share Price

News coverage about Dril-Quip (NYSE:DRQ) has been trending somewhat positive on Friday, according to Accern. The research firm identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Dril-Quip earned a daily sentiment score of 0.01 on Accern’s scale. Accern also assigned headlines about the oil and gas company an impact score of 47.099440014558 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Shares of Dril-Quip (DRQ) opened at $53.95 on Friday. The firm has a market cap of $2,040.00, a price-to-earnings ratio of -72.91 and a beta of 0.74. Dril-Quip has a 52 week low of $35.85 and a 52 week high of $67.95.

Dril-Quip (NYSE:DRQ) last released its quarterly earnings data on Friday, October 27th. The oil and gas company reported $0.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.06. The firm had revenue of $100.35 million for the quarter, compared to analyst estimates of $106.74 million. Dril-Quip had a negative net margin of 6.14% and a positive return on equity of 1.19%. The business’s quarterly revenue was down 18.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.63 earnings per share. research analysts expect that Dril-Quip will post 0.21 earnings per share for the current fiscal year.

A number of brokerages have issued reports on DRQ. TheStreet lowered shares of Dril-Quip from a “c” rating to a “d+” rating in a research note on Friday, October 27th. FBR & Co restated a “buy” rating on shares of Dril-Quip in a research note on Friday, October 27th. Wolfe Research upgraded shares of Dril-Quip from an “underperform” rating to a “market perform” rating in a research note on Tuesday, October 31st. Piper Jaffray Companies restated a “hold” rating and set a $38.00 price target on shares of Dril-Quip in a research note on Friday, November 10th. Finally, ValuEngine lowered shares of Dril-Quip from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $49.43.

In other news, insider Blake T. Deberry sold 14,819 shares of the stock in a transaction on Monday, October 30th. The shares were sold at an average price of $41.49, for a total value of $614,840.31. Following the sale, the insider now owns 113,175 shares in the company, valued at $4,695,630.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO James A. Gariepy sold 13,409 shares of the stock in a transaction on Monday, October 30th. The stock was sold at an average price of $41.49, for a total transaction of $556,339.41. Following the completion of the sale, the chief operating officer now owns 104,753 shares in the company, valued at approximately $4,346,201.97. The disclosure for this sale can be found here. Insiders sold 45,662 shares of company stock worth $1,927,019 in the last quarter. Company insiders own 0.87% of the company’s stock.

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Dril-Quip Company Profile

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.

Insider Buying and Selling by Quarter for Dril-Quip (NYSE:DRQ)

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