Dril-Quip (DRQ) has an average broker rating of 3, which is interpreted as a Hold, as rated by 11 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 8 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 5, which is also a Strong Sell. 2 considers that the stock is a Sell.
Dril-Quip (DRQ) : The consensus price target for Dril-Quip (DRQ) is $59.92 for the short term with a standard deviation of $10.03. The most optimist securities analyst among the 12 who monitor the stock believes that the stock can reach $75, however, the pessimist price target for the company is $45.
Company shares have received an average consensus rating of Hold for the current week Dril-Quip (NYSE:DRQ): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $56.72 and $56.36 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $58.35. The buying momentum continued till the end and the stock did not give up its gains. It closed at $57.93, notching a gain of 2.60% for the day. The total traded volume was 448,560 . The stock had closed at $56.46 on the previous day.
In a related news, The Securities and Exchange Commission has divulged that Gariepy James A., (SR V.P. and COO) of Dril-Quip Inc, had unloaded 3,095 shares at an average price of $60.69 in a transaction dated on October 29, 2015. The total value of the transaction was worth $187,836.
Dril-Quip, Inc. designs, manufactures, sells and services engineered offshore drilling and production equipment. The Companys equipment is suited for use in deepwater, harsh environments and service applications. The Companys operates in Western Hemisphere, including North and South America; Eastern Hemisphere, including Europe and Africa and Asia-Pacific, including the Pacific Rim, Southeast Asia, Australia, India and the Middle East. It products include subsea equipment, surface equipment and offshore rig equipment. Its products are used to explore for oil and gas from offshore drilling rigs, such as floating rigs and jack-up rigs, and for drilling and production of oil and gas wells on offshore platforms, TLPs, Spars and moored vessels, such as FPSOs. Its services include technical advisory assistance services, reconditioning of its customer-owned products, and rental of running tools for installation and retrieval of its products.