DRQ Stock Forecast 2025-2026
Distance to DRQ Price Targets
DRQ Price Momentum
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Latest DRQ Stock Price Targets & Analyst Predictions
Based on our analysis of 7 Wall Street analysts, DRQ has a neutral consensus with a median price target of $24.00 (ranging from $21.00 to $40.00). The overall analyst rating is Buy (6.0/10). Currently trading at $15.27, the median forecast implies a 57.2% upside. This outlook is supported by 3 Buy, 12 Hold, and 1 Sell ratings.
The most optimistic forecast comes from James West at Evercore ISI Group, projecting a 162.0% upside. Conversely, the most conservative target is provided by David Anderson at Barclays, suggesting a 37.5% upside.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
DRQ Analyst Ratings
DRQ Price Target Range
Latest DRQ Stock Forecasts by Analyst
These are the latest 20 analyst ratings and price targets for DRQ.
| Date | Firm | Analyst | Rating | Change | Price Target |
|---|---|---|---|---|---|
| May 14, 2024 | Barclays | David Anderson | Underweight | Maintains | $21.00 |
| Feb 29, 2024 | Barclays | David Anderson | Underweight | Maintains | $22.00 |
| Feb 28, 2024 | Evercore ISI Group | James West | Outperform | Maintains | $40.00 |
| Nov 2, 2023 | Barclays | David Anderson | Underweight | Maintains | $23.00 |
| Aug 3, 2023 | Barclays | David Anderson | Underweight | Maintains | $26.00 |
| May 12, 2023 | Barclays | David Anderson | Underweight | Maintains | $25.00 |
| Mar 2, 2023 | Barclays | David Anderson | Underweight | Maintains | $27.00 |
| Mar 14, 2022 | Tudor Pickering | Taylor Zurcher | Hold | Downgrade | $0.00 |
| Nov 3, 2021 | Barclays | David Anderson | Underweight | Maintains | $21.00 |
| Apr 1, 2021 | BTIG | Neutral | Initiates | $0.00 | |
| Mar 5, 2021 | Barclays | Underweight | Downgrade | $0.00 | |
| Jul 16, 2020 | Scotiabank | Sector Perform | Downgrade | $0.00 | |
| May 27, 2020 | B. Riley Securities | Neutral | Maintains | $33.00 | |
| May 27, 2020 | B. Riley FBR | Neutral | Maintains | $0.00 | |
| May 12, 2020 | Gabelli & Co. | Hold | Downgrade | $0.00 | |
| Mar 31, 2020 | Morgan Stanley | Equal-Weight | Upgrade | $0.00 | |
| Mar 16, 2020 | Morgan Stanley | Connor Lynagh | Equal-Weight | Upgrade | $35.00 |
| Mar 10, 2020 | JP Morgan | Sean Meakim | Overweight | Upgrade | $39.00 |
| Jan 14, 2020 | Morgan Stanley | Underweight | Maintains | $45.00 | |
| Nov 21, 2019 | Wolfe Research | Underperform | Initiates | $0.00 |
Innovex International Inc. (DRQ) Competitors
The following stocks are similar to Dril-Quip based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.
Innovex International Inc. (DRQ) Financial Data
Innovex International Inc. has a market capitalization of $530.91M with a P/E ratio of 995.5x. The company generates $474.23M in trailing twelve-month revenue with a -5.7% profit margin.
Revenue growth is +34.3% quarter-over-quarter, while maintaining an operating margin of +3.1% and return on equity of -3.1%.
Valuation Metrics
Growth & Margins
Financial Health
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Innovex International Inc. (DRQ) Business Model
About Innovex International Inc.
Develops innovative solutions for the energy sector.
The company designs and manufactures highly-engineered products for the drilling and completion phases of oil and gas exploration. It generates revenue by supplying these critical products to major global oil companies, enhancing operational efficiency and productivity in challenging extraction environments.
Innovex's products are known for their durability and adaptability, catering to both offshore and onshore oil fields. The company plays a crucial role in the energy industry by facilitating technological advancements that promote sustainability and cost-effectiveness in hydrocarbon exploration, while continuously innovating and forming strategic partnerships to meet the dynamic needs of the market.
Company Information
Sector
Energy
Industry
Oil & Gas Equipment & Services
Employees
1,659
CEO
Mr. Jeffrey J. Bird
Country
United States
IPO Year
1997
Website
www.dril-quip.comInnovex International Inc. (DRQ) Latest News & Analysis
Brandes Investment Partners sold its entire stake in Dril-Quip Inc, totaling 3,732,716 shares at $15.41 each on September 30, 2024, indicating a shift in their investment strategy.
Brandes Investment Partners' complete divestment from Dril-Quip signals a strategic shift, potentially influencing market perception and stock performance, raising concerns about Dril-Quip's future prospects.
Dril-Quip Inc (DRQ) Trading 3.32% Higher on Oct 2
6 months agoDril-Quip Inc (DRQ) shares rose 3.32% on Oct 2, reaching an intraday high of $15.33 and closing at $15.27, up from $14.78.
The 3.32% surge in Dril-Quip's shares indicates positive market sentiment, potentially reflecting strong demand or favorable news, which can influence investors' confidence and trading strategies.
Dril-Quip Inc May Have Committed Fraud And The Schall Law Firm Invites Investor Participation In An Investigation
7 months agoThe Schall Law Firm is investigating Dril-Quip, Inc. (NYSE: DRQ) for potential securities law violations, including issuing misleading statements to investors.
The investigation into Dril-Quip for potential securities law violations raises concerns about the company's transparency and could impact shareholder value and market perception.
The Schall Law Firm is investigating Dril-Quip, Inc. (NYSE:DRQ) for potential securities law violations related to false statements and undisclosed information affecting investors.
Ongoing investigations into Dril-Quip for potential securities law violations may impact stock performance, heightening legal risks and affecting investor confidence.
The Schall Law Firm Invites Investors To Participate In An Investigation Into Dril-Quip Inc For Possible Fraud
7 months agoThe Schall Law Firm is investigating Dril-Quip, Inc. (NYSE:DRQ) for potential securities law violations related to misleading statements and undisclosed information affecting investors.
The investigation into Dril-Quip for potential securities law violations raises concerns about the company's transparency, potentially impacting investor confidence and stock value.
The Schall Law Firm is investigating Dril-Quip, Inc. (NYSE: DRQ) for potential securities law violations, including false statements and undisclosed information affecting investors.
The investigation into Dril-Quip for potential securities law violations could signal risks of legal liabilities, impacting stock performance and investor sentiment.
Frequently Asked Questions About DRQ Stock
What is Innovex International Inc.'s (DRQ) stock forecast for 2025?
Based on our analysis of 7 Wall Street analysts, Innovex International Inc. (DRQ) has a median price target of $24.00. The highest price target is $40.00 and the lowest is $21.00.
Is DRQ stock a good investment in 2025?
According to current analyst ratings, DRQ has 3 Buy ratings, 12 Hold ratings, and 1 Sell ratings. The stock is currently trading at $15.27. Always conduct your own research and consider your investment goals before making investment decisions.
What is the long-term price prediction for DRQ stock?
Wall Street analysts predict DRQ stock could reach $24.00 in the next 12 months. This represents a 57.2% increase from the current price of $15.27. Please note that this is a projection by Wall Street analysts and not a guarantee.
What is Innovex International Inc.'s business model?
The company designs and manufactures highly-engineered products for the drilling and completion phases of oil and gas exploration. It generates revenue by supplying these critical products to major global oil companies, enhancing operational efficiency and productivity in challenging extraction environments.
What is the highest forecasted price for DRQ Innovex International Inc.?
The highest price target for DRQ is $40.00 from James West at Evercore ISI Group, which represents a 162.0% increase from the current price of $15.27.
What is the lowest forecasted price for DRQ Innovex International Inc.?
The lowest price target for DRQ is $21.00 from David Anderson at Barclays, which represents a 37.5% increase from the current price of $15.27.
What is the overall DRQ consensus from analysts for Innovex International Inc.?
The overall analyst consensus for DRQ is neutral. Out of 7 Wall Street analysts, 3 rate it as Buy, 12 as Hold, and 1 as Sell, with a median price target of $24.00.
How accurate are DRQ stock price projections?
Stock price projections, including those for Innovex International Inc., are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
Important Disclaimer
The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.