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Home โบ Stocks โบ Drilling Tools International Corp. (DTI) Stock Forecast & Price Prediction United States | NASDAQ | Energy | Oil & Gas Equipment & Services
$3.17
+0.09 (2.92%)Did DTI 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 DTI is one of their latest high-conviction picks.
Based on our analysis of 1 Wall Street analyst, DTI has a neutral consensus with a median price target of $4.40 (ranging from $2.80 to $6.00). The overall analyst rating is Buy (6.0/10). Currently trading at $3.17, the median forecast implies a 38.8% upside. This outlook is supported by 0 Buy, 1 Hold, and 0 Sell ratings.
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 DTI.
| Date | Firm | Analyst | Rating | Change | Price Target |
|---|---|---|---|---|---|
| Nov 15, 2024 | Alliance Global Partners | Jeff Grampp | Buy | Maintains | $5.50 |
| Aug 7, 2024 | Alliance Global Partners | Jeff Grampp | Buy | Maintains | $7.50 |
| Jul 1, 2024 | Alliance Global Partners | Jeff Grampp | Buy | Initiates | $8.50 |
The following stocks are similar to DTI based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.
Drilling Tools International Corp. has a market capitalization of $111.58M with a P/E ratio of 26.7x. The company generates $159.63M in trailing twelve-month revenue with a -2.4% profit margin.
Revenue growth is -3.4% quarter-over-quarter, while maintaining an operating margin of +9.0% and return on equity of -3.1%.
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Provides downhole drilling tools for oil and gas.
The company generates revenue by supplying a range of advanced drilling tools essential for oil and gas extraction. Its products, including drilling motors, stabilizers, and circulation tools, are designed to enhance drilling efficiency and safety, catering to both onshore and offshore operations.
Drilling Tools International Corp. plays a critical role in the energy sector, supporting the increasing demand for energy resources. With a focus on innovation and reliability, it helps operators optimize productivity and tackle complex drilling challenges across various geological environments.
Energy
Oil & Gas Equipment & Services
432
Mr. R. Wayne Prejean
United States
2023
BKR sells Waygate Technologies unit to Hexagon for $1.45B in cash, streamlining its IET segment to boost cash flow and sharpen focus on core growth areas.
DTI vs. CLB: Which Stock Is the Better Value Option?
Here is how BP (BP) and Drilling Tools International Corp. (DTI) have performed compared to their sector so far this year.
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Drilling Tools International upgraded to 'Buy' as international revenue nearly doubled amid Eastern Hemisphere expansion. Diversification and valuation support medium-term upside potential despite geopolitical risks.
DTI's upgrade to 'Buy' signals growth potential from international expansion and strong revenue increases, despite regional risks, suggesting an appealing investment opportunity.
Investors in the Oil and Gas - Field Services sector are considering Drilling Tools International Corp. (DTI) and Core Laboratories (CLB) for potential undervalued stock opportunities.
The comparison between DTI and CLB highlights potential investment opportunities in the undervalued segment of the Oil and Gas sector, influencing stock selection and portfolio strategy.
Drilling Tools International Corp. (DTI) shares are gaining momentum, supported by positive earnings estimate revisions, suggesting potential continued growth in the near term.
Rising earnings estimates for Drilling Tools International Corp. (DTI) suggest strong future performance, potentially driving share prices higher and attracting investor interest.
Investors may consider adding CHRD, DTI, MGY, and VET to their portfolios to capitalize on the current strong oil market.
The mention of specific stocks (CHRD, DTI, MGY, VET) suggests potential growth opportunities in the strong oil market, indicating favorable conditions for investments in these companies.
Zacks Style Scores can help investors select strong, market-beating stocks for their portfolios.
The mention of Zacks Style Scores indicates a resource for identifying high-potential stocks, which can enhance portfolio performance and inform investment decisions.
Based on our analysis of 1 Wall Street analysts, Drilling Tools International Corp. (DTI) has a median price target of $4.40. The highest price target is $6.00 and the lowest is $2.80.
According to current analyst ratings, DTI has 0 Buy ratings, 1 Hold ratings, and 0 Sell ratings. The stock is currently trading at $3.17. Always conduct your own research and consider your investment goals before making investment decisions.
Wall Street analysts predict DTI stock could reach $4.40 in the next 12 months. This represents a 38.8% increase from the current price of $3.17. Please note that this is a projection by Wall Street analysts and not a guarantee.
The company generates revenue by supplying a range of advanced drilling tools essential for oil and gas extraction. Its products, including drilling motors, stabilizers, and circulation tools, are designed to enhance drilling efficiency and safety, catering to both onshore and offshore operations.
The highest price target for DTI is $6.00 from at , which represents a 89.3% increase from the current price of $3.17.
The lowest price target for DTI is $2.80 from at , which represents a -11.7% decrease from the current price of $3.17.
The overall analyst consensus for DTI is neutral. Out of 1 Wall Street analysts, 0 rate it as Buy, 1 as Hold, and 0 as Sell, with a median price target of $4.40.
Stock price projections, including those for Drilling Tools International Corp., 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.