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Dril-Quip Inc (DRQ) Stock Forecast & Price Prediction

Live DRQ Stock Price & Analysis

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$15.97

-0.01 (-0.06%)

12 Month Price Forecast For DRQ

$15.97
Current Price
$530.91M
Market Cap
16 Ratings
Buy 3
Hold 12
Sell 1
Wall St Analyst Ratings

Distance to DRQ Price Forecasts

+150.5%
To High Target of $40.00
+50.3%
To Median Target of $24.00
+31.5%
To Low Target of $21.00

DRQ Price Momentum

+2.3%
1 Week Change
+5.9%
1 Month Change
-21.4%
1 Year Change
+10.4%
Year-to-Date Change
-36.6%
From 52W High of $25.19
+27.4%
From 52W Low of $12.54

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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

3
Buy
12
Hold
1
Sell

DRQ Price Target Range

Low
$21.00
Average
$24.00
High
$40.00
Current: $15.97

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

Market Cap $530.91M
Enterprise Value $378.87M
P/E Ratio 995.5x
PEG Ratio 20.0x
Price/Sales 1.1x

Growth & Margins

Revenue Growth (YoY) +34.3%
Gross Margin +30.8%
Operating Margin +3.1%
Net Margin -5.7%
EPS Growth N/A

Financial Health

Cash/Price Ratio +33.7%
Current Ratio 5.6x
Debt/Equity 2.0x
ROE -3.1%
ROA +0.3%

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Dril-Quip Inc (DRQ) Company Overview

About Dril-Quip Inc

What They Do

Designs and manufactures drilling and production equipment.

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.

Additional Information

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

Dril-Quip Inc (DRQ) Latest News & Analysis

DRQ stock latest news image
Quick Summary

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.

Why It Matters

Brandes Investment Partners' complete divestment from Dril-Quip signals a strategic shift, potentially impacting DRQ's stock performance and investor sentiment regarding the company.

Source: GuruFocus
Market Sentiment: Negative
DRQ stock latest news image
Quick Summary

Dril-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.

Why It Matters

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.

Source: GuruFocus
Market Sentiment: Positive
DRQ stock latest news image
Quick Summary

The Schall Law Firm is investigating Dril-Quip, Inc. (NYSE:DRQ) for potential securities law violations, including misleading statements to investors.

Why It Matters

Investigation into Dril-Quip over potential securities law violations could signal underlying issues, impacting investor confidence and stock performance.

Source: Accesswire
Market Sentiment: Neutral
DRQ stock latest news image
Quick Summary

The Schall Law Firm is investigating Dril-Quip, Inc. (NYSE:DRQ) for potential securities law violations, including misleading statements affecting investors.

Why It Matters

An investigation into Dril-Quip for potential securities law violations could signal financial instability or legal challenges, impacting investor confidence and stock performance.

Source: Accesswire
Market Sentiment: Neutral
DRQ stock latest news image
Quick Summary

The Schall Law Firm is investigating Dril-Quip, Inc. (NYSE:DRQ) for potential securities law violations, including misleading statements affecting investors.

Why It Matters

The investigation into Dril-Quip for potential securities law violations could signal risks related to transparency and credibility, affecting stock performance and investor confidence.

Source: Accesswire
Market Sentiment: Neutral
DRQ stock latest news image
Quick Summary

The Schall Law Firm is investigating Dril-Quip, Inc. (NYSE:DRQ) for potential securities law violations, including possible false statements affecting investors.

Why It Matters

The investigation into Dril-Quip for potential securities law violations could indicate financial instability or legal risks, affecting stock performance and investor sentiment.

Source: Accesswire
Market Sentiment: Neutral

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.