12 Month Price Forecast For DRQ
Distance to DRQ Price Forecasts
DRQ Price Momentum
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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.
Data last updated: February 8, 2025 2:58 AM UTC
DRQ Analyst Ratings & Price Targets
Based on our analysis of 7 Wall Street analysts, DRQ has a consensus that is neutral. The median price target is $24.00, with forecasts ranging from $21.00 to $40.00. Currently, there are 3 Buy ratings, 12 Hold ratings, and 1 Sell ratings.
With DRQ currently trading at $15.97, the median price forecast suggests a 50.3% upside. The most optimistic forecast comes from James West at Evercore ISI Group, projecting a 150.5% upside, while David Anderson at Barclays provides the most conservative target, suggesting a 31.5% 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 Consensus
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 |
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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.
Dril-Quip Inc (DRQ) Financial Data
Dril-Quip 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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Dril-Quip Inc (DRQ) Company Overview
About Dril-Quip Inc
Designs and manufactures drilling and production equipment.
The company generates revenue by designing, manufacturing, and selling engineered drilling and production equipment for both offshore and onshore applications. It also offers a range of services including technical advisory, equipment installation, maintenance, and rental services, catering primarily to oil and gas companies and contractors.
Founded in 1981 and headquartered in Houston, Texas, the company serves a global market with a diverse product portfolio that includes subsea production systems, wellheads, and rig equipment. Its customer base comprises integrated and independent oil companies, drilling contractors, and engineering firms, indicating a broad and varied demand for its products and services.
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.comDril-Quip Inc (DRQ) Latest News & Analysis
Brandes Investment Partners sold its entire stake in Dril-Quip Inc on September 30, 2024, totaling 3,732,716 shares at $15.41 each, indicating a strategy shift.
Brandes Investment Partners' complete divestment from Dril-Quip signals a strategic shift, potentially impacting DRQ's stock performance and investor sentiment regarding the company.
Dril-Quip Inc (DRQ) Trading 3.32% Higher on Oct 2
4 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 surge in Dril-Quip's stock indicates positive market sentiment and potential investor confidence, possibly reflecting favorable developments or performance that could affect future valuations.
Dril-Quip Inc May Have Committed Fraud And The Schall Law Firm Invites Investor Participation In An Investigation
4 months agoThe Schall Law Firm is investigating Dril-Quip, Inc. (NYSE:DRQ) for potential securities law violations, including misleading statements to investors.
Investigation into Dril-Quip over potential securities law violations could signal underlying issues, impacting investor confidence and stock performance.
The Schall Law Firm is investigating Dril-Quip, Inc. (NYSE:DRQ) for potential securities law violations, including misleading statements affecting investors.
An investigation into Dril-Quip for potential securities law violations could signal financial instability or legal challenges, impacting investor confidence and stock performance.
The Schall Law Firm Invites Investors To Participate In An Investigation Into Dril-Quip Inc For Possible Fraud
5 months agoThe Schall Law Firm is investigating Dril-Quip, Inc. (NYSE:DRQ) for potential securities law violations, including misleading statements affecting investors.
The investigation into Dril-Quip for potential securities law violations could signal risks related to transparency and credibility, affecting stock performance and investor confidence.
The Schall Law Firm is investigating Dril-Quip, Inc. (NYSE:DRQ) for potential securities law violations, including possible false statements affecting investors.
The investigation into Dril-Quip for potential securities law violations could indicate financial instability or legal risks, affecting stock performance and investor sentiment.
Frequently Asked Questions About DRQ Stock
What is Dril-Quip Inc's (DRQ) stock forecast for 2025?
Based on our analysis of 7 Wall Street analysts, Dril-Quip 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 $15.97. Always conduct your own research and consider your investment goals before making investment decisions.
What is the price prediction for DRQ stock?
Wall Street analysts predict DRQ stock could reach $24.00 in the next 12 months. This represents a 50.3% increase from the current price of $15.97. Please note that this is a projection by Wall Street analysts and not a guarantee.
What is Dril-Quip Inc's business model?
The company generates revenue by designing, manufacturing, and selling engineered drilling and production equipment for both offshore and onshore applications. It also offers a range of services including technical advisory, equipment installation, maintenance, and rental services, catering primarily to oil and gas companies and contractors.
What is the highest forecasted price for DRQ Dril-Quip Inc?
The highest price target for DRQ is $40.00 from James West at Evercore ISI Group, which represents a 150.5% increase from the current price of $15.97.
What is the lowest forecasted price for DRQ Dril-Quip Inc?
The lowest price target for DRQ is $21.00 from David Anderson at Barclays, which represents a 31.5% increase from the current price of $15.97.
What is the overall DRQ consensus from analysts for Dril-Quip 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 Dril-Quip 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.