$0.01 EPS Expected for Dril-Quip, Inc. (DRQ)

October 18, 2017 – By Winifred Garcia

Investors sentiment decreased to 0.85 in 2017 Q2. Its down 0.25, from 1.1 in 2017Q1. It worsened, as 32 investors sold Dril-Quip, Inc. shares while 85 reduced holdings. 33 funds opened positions while 67 raised stakes. 44.13 million shares or 0.85% less from 44.51 million shares in 2017Q1 were reported.
Wesbanco Bancshares invested in 4,685 shares or 0.01% of the stock. Paloma Partners Mgmt has 0.02% invested in Dril-Quip, Inc. (NYSE:DRQ). Ftb stated it has 0% of its portfolio in Dril-Quip, Inc. (NYSE:DRQ). Boston Prns accumulated 0.02% or 375,257 shares. Ameriprise owns 174,764 shares. Citigroup reported 4,468 shares or 0% of all its holdings. Gamco Inc Et Al reported 282,000 shares or 0.09% of all its holdings. Reilly Financial Advisors Llc holds 0% or 335 shares in its portfolio. 75,864 were reported by State Teachers Retirement. Highland Capital Ltd Partnership holds 6,420 shares or 0.01% of its portfolio. Acadian Asset Management invested in 0% or 7,730 shares. Capstone Investment Advisors Ltd Com stated it has 10,500 shares or 0.01% of all its holdings. Principal Fincl Gru Inc owns 0.01% invested in Dril-Quip, Inc. (NYSE:DRQ) for 181,575 shares. 10,959 were reported by Panagora Asset. Morgan Stanley accumulated 350,943 shares or 0.01% of the stock.

Investors wait Dril-Quip, Inc. (NYSE:DRQ) to report on October, 26. its quarterly earnings Wall Street analysts expect $0.01 earnings per share, down $0.38 or 97.44 % from last year’s $0.39 same quarter earnings. This translates into $379,101 profit for DRQ giving the stock a 1028.75 P/E. This is assuming the current $0.01 EPS is accurate. Dril-Quip, Inc.’s Wall Street analysts see -88.89 % negative EPS growth, taking into account the $0.09 EPS reproted in the previous quarter, The stock decreased 2.83% or $1.2 during the last trading session, reaching $41.15. About 676,527 shares traded or 21.92% up from the average. Dril-Quip, Inc. (NYSE:DRQ) has declined 8.80% since October 19, 2016 and is downtrending. It has underperformed by 25.50% the S&P500.

Dril-Quip, Inc. (NYSE:DRQ) Ratings Coverage

Among 13 analysts covering Dril Quip (NYSE:DRQ), 2 have Buy rating, 0 Sell and 11 Hold. Therefore 15% are positive. Dril Quip had 34 analyst reports since July 31, 2015 according to SRatingsIntel. Cowen & Co maintained it with “Market Perform” rating and $60 target in Wednesday, April 27 report. Cowen & Co maintained it with “Market Perform” rating and $48 target in Friday, February 26 report. Howard Weil maintained the stock with “Sector Perform” rating in Friday, July 29 report. The firm has “Neutral” rating given on Wednesday, February 24 by Suntrust Robinson. On Friday, July 31 the stock rating was maintained by Cowen & Co with “Market Perform”. The firm has “Hold” rating by Cowen & Co given on Friday, July 7. The firm has “Equal-Weight” rating given on Wednesday, April 20 by Barclays Capital. Bank of America downgraded the stock to “Neutral” rating in Friday, July 31 report. The company was upgraded on Tuesday, August 4 by Johnson Rice. Johnson Rice downgraded Dril-Quip, Inc. (NYSE:DRQ) on Monday, February 22 to “Hold” rating.

Dril-Quip, Inc. designs, makes, sells and services engineered drilling and production equipment. The company has market cap of $1.56 billion. 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. It has a 75.67 P/E ratio. The Company’s equipment is suited for use in deepwater, harsh environments and service applications.

More recent Dril-Quip, Inc. (NYSE:DRQ) news were published by: Prnewswire.com which released: “Dril-Quip Announces Appointment Of Jeffrey Bird As Vice President And Chief …” on March 09, 2017. Also Prnewswire.com published the news titled: “Dril-Quip, Inc. Announces Results for Second Quarter 2017” on July 28, 2017. Reuters.com‘s news article titled: “BRIEF-Dril-Quip updates on impact of Hurricane Harvey” with publication date: September 06, 2017 was also an interesting one.