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

September 30, 2017 – By Louis Casey

Investors sentiment decreased to 0.85 in Q2 2017. Its down 0.25, from 1.1 in 2017Q1. It is negative, 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.
Dalton Greiner Hartman Maher reported 444,949 shares stake. Bnp Paribas Arbitrage has invested 0% of its portfolio in Dril-Quip, Inc. (NYSE:DRQ). Sei accumulated 0.01% or 48,382 shares. Janney Montgomery Scott Limited Co owns 21,317 shares or 0.01% of their US portfolio. Boston Ptnrs reported 375,257 shares. Jpmorgan Chase And Com reported 0.01% of its portfolio in Dril-Quip, Inc. (NYSE:DRQ). Bank Of America Corporation De stated it has 254,099 shares. The Virginia-based London Of Virginia has invested 0.37% in Dril-Quip, Inc. (NYSE:DRQ). Tdam Usa accumulated 14,794 shares. Howe And Rusling reported 0% stake. Corecommodity Mgmt Llc reported 0.36% of its portfolio in Dril-Quip, Inc. (NYSE:DRQ). Moreover, First Mercantile Tru has 0.01% invested in Dril-Quip, Inc. (NYSE:DRQ). Benjamin F Edwards Co Incorporated reported 0% in Dril-Quip, Inc. (NYSE:DRQ). Advantus Capital accumulated 0.01% or 4,740 shares. Peak6 Investments Limited Partnership accumulated 1,563 shares.

Analysts expect Dril-Quip, Inc. (NYSE:DRQ) to report $0.01 EPS on October, 26.They anticipate $0.38 EPS change or 97.44 % from last quarter’s $0.39 EPS. DRQ’s profit would be $378,256 giving it 1103.75 P/E if the $0.01 EPS is correct. After having $0.09 EPS previously, Dril-Quip, Inc.’s analysts see -88.89 % EPS growth. The stock decreased 0.79% or $0.35 during the last trading session, reaching $44.15. About 471,722 shares traded. Dril-Quip, Inc. (NYSE:DRQ) has declined 8.80% since September 30, 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), 1 have Buy rating, 0 Sell and 12 Hold. Therefore 8% are positive. Dril Quip had 32 analyst reports since July 31, 2015 according to SRatingsIntel. Barclays Capital downgraded Dril-Quip, Inc. (NYSE:DRQ) rating on Monday, May 1. Barclays Capital has “Equal Weight” rating and $57 target. Bank of America downgraded Dril-Quip, Inc. (NYSE:DRQ) on Friday, July 31 to “Neutral” rating. Barclays Capital upgraded Dril-Quip, Inc. (NYSE:DRQ) on Wednesday, April 20 to “Equal-Weight” rating. Johnson Rice upgraded the shares of DRQ in report on Tuesday, August 4 to “Buy” rating. Guggenheim upgraded the shares of DRQ in report on Monday, November 30 to “Buy” rating. The firm earned “Accumulate” rating on Monday, December 14 by KLR Group. Cowen & Co maintained it with “Market Perform” rating and $48 target in Friday, February 26 report. As per Monday, December 14, the company rating was downgraded by Howard Weil. Cowen & Co maintained the stock with “Hold” rating in Friday, July 7 report. As per Friday, July 31, the company rating was maintained by Cowen & Co.

Dril-Quip, Inc. designs, makes, sells and services engineered drilling and production equipment. The company has market cap of $1.67 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 81.18 P/E ratio. The Company’s equipment is suited for use in deepwater, harsh environments and service applications.

More notable recent Dril-Quip, Inc. (NYSE:DRQ) news were published by: Prnewswire.com which released: “Dril-Quip Agrees To Acquire TIW Corporation” on October 17, 2016, also Prnewswire.com with their article: “Dril-Quip Acquires The Technologies Alliance, Inc. d/b/a OilPatch Technologies” published on January 06, 2017, Prnewswire.com published: “Dril-Quip, Inc. Announces Results for Second Quarter 2017” on July 28, 2017. More interesting news about Dril-Quip, Inc. (NYSE:DRQ) were released by: Prnewswire.com and their article: “Dril-Quip Updates On Impact Of Hurricane Harvey” published on September 06, 2017 as well as Prnewswire.com‘s news article titled: “Dril-Quip, Inc. Announces Results For First Quarter 2017” with publication date: April 27, 2017.