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Home โบ Stocks โบ Innovex International, Inc. (DRQ) Stock Forecast & Price Prediction United States | NYSE | Energy | Oil & Gas Equipment & Services
$23.56
+0.06 (0.26%)Did DRQ Make This Month's Elite Buy List?
We don't follow just any analyst โ only the top 3% with a proven track record make our cut. See if Dril-Quip is one of their latest high-conviction picks.
DRQ has shown a year-to-date change of 7.7% and a 1-year change of 49.6%, reflecting upward momentum over the past year. Comprehensive analyst forecasts are currently unavailable for DRQ. Please refer to the price chart above for recent performance and trends.
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.
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 | $N/A |
| Nov 3, 2021 | Barclays | David Anderson | Underweight | Maintains | $21.00 |
| Apr 1, 2021 | BTIG | Neutral | Initiates | $N/A | |
| Mar 5, 2021 | Barclays | Underweight | Downgrade | $N/A | |
| Jul 16, 2020 | Scotiabank | Sector Perform | Downgrade | $N/A | |
| May 27, 2020 | B. Riley Securities | Neutral | Maintains | $33.00 | |
| May 27, 2020 | B. Riley FBR | Neutral | Maintains | $N/A | |
| May 12, 2020 | Gabelli & Co. | Hold | Downgrade | $N/A | |
| Mar 31, 2020 | Morgan Stanley | Equal-Weight | Upgrade | $N/A | |
| 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 | $N/A |
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. has a market capitalization of $808.08M with a P/E ratio of 995.5x. The company generates $424.06M in trailing twelve-month revenue with a 27.3% profit margin.
Revenue growth is +9.1% quarter-over-quarter, while maintaining an operating margin of +0.3% and return on equity of +0.1%.
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Provides engineered products for the oil and gas industry.
Innovex International generates revenue by offering a range of mission-critical engineered products and solutions, including subsea and surface wellheads, and technologies for well construction, completion, production, and intervention. The company serves both onshore and offshore operations, catering to a diverse international client base in the oil and gas sector.
Formed in 2024 through the merger of Dril-Quip, Inc. and Innovex Downhole Solutions, Innovex International is headquartered in Houston, Texas, and operates globally across various regions. The company is recognized for its technical expertise and innovation in the energy sector, with its shares traded under the symbol DQU0 on the Stuttgart Stock Exchange.
Energy
Oil & Gas Equipment & Services
2,683
Mr. Adam B. Anderson
United States
1997
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 investment strategy.
Brandes Investment Partners' complete exit from Dril-Quip signals a potential lack of confidence in the company's future, possibly influencing market sentiment and stock performance.
Dril-Quip Inc (DRQ) shares rose 3.32% to $15.27 on Oct 2, reaching an intraday high of $15.33, up from the previous close of $14.78.
The 3.32% surge in Dril-Quip's stock indicates positive market sentiment, potentially reflecting strong demand or favorable news, which could attract further investment interest.
The Schall Law Firm is investigating Dril-Quip, Inc. (NYSE:DRQ) for potential securities law violations related to false statements and nondisclosure of information to investors.
The investigation into Dril-Quip for potential securities law violations raises concerns about the company's transparency, which could impact stock performance and investor confidence.
The Schall Law Firm is investigating Dril-Quip, Inc. (NYSE:DRQ) for potential securities law violations, including misleading statements to investors.
The investigation into Dril-Quip for potential securities law violations may impact stock value and investor confidence, signaling possible legal risks and financial repercussions.
The Schall Law Firm is investigating Dril-Quip, Inc. (NYSE:DRQ) for potential violations of securities laws related to misleading statements and undisclosed information affecting investors.
The investigation into Dril-Quip for potential securities law violations may indicate financial mismanagement or risks, impacting investor confidence and stock performance.
Innovex International will start trading on the NYSE under the symbol "INVX" on September 9, 2024.
Innovex International's NYSE debut under "INVX" signals potential market interest and investment opportunities, impacting stock liquidity and valuation for investors.
Analyst forecasts for Innovex International, Inc. (DRQ) are not currently available. The stock is trading at $23.56.
According to current analyst ratings, DRQ has 3 Buy ratings, 12 Hold ratings, and 1 Sell ratings. The stock is currently trading at $23.56. Always conduct your own research and consider your investment goals before making investment decisions.
Price predictions from Wall Street analysts for DRQ are not currently available. The stock is trading at $23.56.
Innovex International generates revenue by offering a range of mission-critical engineered products and solutions, including subsea and surface wellheads, and technologies for well construction, completion, production, and intervention. The company serves both onshore and offshore operations, catering to a diverse international client base in the oil and gas sector.
Price targets from Wall Street analysts for DRQ are not currently available. The stock is trading at $23.56.
Price targets from Wall Street analysts for DRQ are not currently available. The stock is trading at $23.56.
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.
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.
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.