Do Analysts Recommend You Should Buy Dril-Quip, Inc. (DRQ) Stock?

On Friday, shares of Dril-Quip, Inc. (NYSE:DRQ) marked $29.91 per share versus a previous $29.01 closing price. With having a 3.10% gain, an insight into the fundamental values of Dril-Quip, Inc., investors would also find a great ally in the technical patterns of the stock movements showed in stock charts. DRQ showed a fall of -36.24% within its YTD performance, with highs and lows between $23.91 – $56.71 during the period of 52 weeks, compared to the simple moving average of -22.58% in the period of the last 200 days.

Gabelli & Co equity researchers changed the status of Dril-Quip, Inc. (NYSE: DRQ) shares from “Buy” to a “Hold” rating in the report published on May 12th, 2020. Other analysts, including Cowen, also published their reports on DRQ shares. Cowen repeated the rating from the previous report, marking DRQ under “Market Perform” rating, in the report published on May 8th, 2020. Additionally, DRQ shares got another “Equal-Weight” rating from Morgan Stanley, setting a target price of $35 on the company’s shares, according to the report published in March 16th, 2020. On March 10th, 2020, JP Morgan Upgrade an Overweight rating and increased its price target to $39. On the other hand, Wolfe Research Initiated the “Underperform” rating for DRQ shares, as published in the report on November 21st, 2019. Cowen seems to be going bullish on the price of DRQ shares, based on the price prediction for DRQ, indicating that the shares will jump from $39 to $44, giving the shares “Market Perform” rating based on their report from April 30th, 2019. Another “Underweight” rating came from Morgan Stanley, providing a prediction for $44 price target according to the report published in September 19th, 2018.

Dril-Quip, Inc. (DRQ) Analysis

The present dividend yield for DRQ owners is set at 0, marking the return investors will get regardless of the company’s performance in the upcoming period. In addition, the growth of sales from quarter to quarter is recording 1.80%, hinting the company’s progress in the upcoming progress.

In order to gain a clear insight on the performance of Dril-Quip, Inc. (DRQ) as it may occur in the future, there are more than several well-rounded types of analysis and research techniques, while equity is most certainly one of the more important indicators into the company’s growth and performance. In this case, you want to make sure that the return on the present equity of -1.10% is enough for you to make a profit out of your investment. You may also count in the quick ratio of the company, currently set at 6.70 so you would make sure that the company is able to cover the debts it may have, which can be easily seen in annual reports of the company.

Set to affect the volatility of a given stock, the average volume can also be a valuable indicator, while DRQ is currently recording an average of 341.42K in volumes. The volatility of the stock on monthly basis is set at 5.61%, while the weekly volatility levels are marked at 5.21%with -2.22% of loss in the last seven days. Additionally, long-term investors are predicting the target price of $30.57, indicating growth from the present price of $29.91, which can represent yet another valuable research and analysis points that can help you decide whether to invest in DRQ or pass.

What to Look for When Analyzing Dril-Quip, Inc. Shares?

Dril-Quip, Inc. (DRQ) is based in the USA and it represents one of the well-known company operating with Energy sector. If you wish to compare DRQ shares with other companies under Electronic Equipment and Consumer Goods, a factor to note is the P/E value of for Dril-Quip, Inc., while the value 3738.75 can represent an indicator in the future growth of the company in terms of investor’s expectations. The later value should have a steady growth rate, increasing and growing gradually, which serves the purpose of reliably showcasing the progress of the company. The value -0.34 is supported by the yearly EPS growth of 101.80%.

Besides from looking into the fundamentals, you should also note the number of people inside the company owning the shares, as the values should be in line with the expectations of investors. In that spirit, the present ownership of stocks inside the company is set at 0.60%, which can provide you with an insight of how involved executives are in owning shares of the company. In oppose to the executives’ share, the institutional ownership counts of shares, carrying an equal significance as an indicator of value, as the presence of large investors may signal a strong company.

Are Institutional Investors Increasing Stakes in DRQ Shares?

It appears that more than several institutional investors and hedge funds decided to increase stakes in DRQ in the recent period. That is how The Vanguard Group, Inc. now has an increase position in DRQ by 2.12% in the first quarter, owning 3.94 million shares of DRQ stocks, with the value of $119.69 million after the purchase of an additional 81,682 shares during the last quarter. In the meanwhile, SSgA Funds Management, Inc. also increased their stake in DRQ shares changed 5.92% in the first quarter, which means that the company now owns 1.37 million shares of company, all valued at $41.59 million after the acquisition of additional 76,544 shares during the last quarter.

Northern Trust Investments, Inc. acquired a new position in Dril-Quip, Inc. during the first quarter, with the value of $30.05 million, and Macquarie Investment Management B increased their stake in the company’s shares by 10.29% in the first quarter, now owning 82,438 shares valued at $26.86 million after the acquisition of the additional 883921 shares during the last quarter.