Dril Quip Stock Today

DRQ Stock  USD 22.82  0.19  0.83%   

Performance

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Odds Of Distress

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Dril Quip is selling at 22.82 as of the 28th of March 2024; that is -0.83 percent decrease since the beginning of the trading day. The stock's last reported lowest price was 22.73. Dril Quip has only a 8 % chance of going through financial distress over the next few years, but has generated negative returns over the last 90 days. Equity ratings for Dril Quip are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 28th of March 2024. Click here to learn more.
Business Domain
Energy
IPO Date
23rd of October 1997
Dril-Quip, Inc., together with its subsidiaries, designs, manufactures, sells, and services engineered drilling and production equipment for use in deepwater, harsh environment, and severe service applications worldwide. The company was founded in 1981 and is headquartered in Houston, Texas. The company has 34.42 M outstanding shares of which 1.71 M shares are currently shorted by investors with about 7.43 days to cover. More on Dril Quip

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Dril Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Dril Quip's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Dril Quip or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEOBlake DeBerry
Thematic IdeaMachinery (View all Themes)
Business ConcentrationOil & Gas Equipment & Services, Energy, NYSE Composite, SP Small-Cap 600, Dow Jones Oil, PHLX Oil Service, Machinery, Energy, Energy Equipment & Services, Oil & Gas Equipment & Services, Energy (View all Sectors)
Average Analyst Recommendation
Analysts covering Dril Quip report their recommendations after researching Dril Quip's financial statements, talking to executives and customers, or listening in on Dril Quip's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Dril-Quip. The Dril consensus assessment is calculated by taking the average forecast from all of the analysts covering Dril Quip.
Financial Strength
Based on the analysis of Dril Quip's profitability, liquidity, and operating efficiency, Dril Quip is not in a good financial situation at this time. It has a very high probability of going through financial hardship in April. Financial strength of Dril-Quip is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.690.4124
Way Up
Slightly volatile
Gross Profit Margin0.390.2722
Way Up
Slightly volatile
Total Current Liabilities97.5 M117.7 M
Significantly Down
Pretty Stable
Non Current Liabilities Total30.7 M29.2 M
Sufficiently Up
Slightly volatile
Total Assets871.5 MB
Fairly Down
Very volatile
Total Current Assets642.7 M719.7 M
Moderately Down
Very volatile
Dril Quip's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Dril Quip's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Dril Quip's financial leverage. It provides some insight into what part of Dril Quip's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Dril Quip's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Dril Quip deploys its capital and how much of that capital is borrowed.
Liquidity
Dril Quip cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has 17.77 M in debt with debt to equity (D/E) ratio of 0.01, which may show that the company is not taking advantage of profits from borrowing. Dril-Quip has a current ratio of 8.18, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Debt can assist Dril Quip until it has trouble settling it off, either with new capital or with free cash flow. So, Dril Quip's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Dril-Quip sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Dril to invest in growth at high rates of return. When we think about Dril Quip's use of debt, we should always consider it together with cash and equity.

Other Non Cash Items

(7.18 Million)
Dril Quip (DRQ) is traded on New York Stock Exchange in USA. It is located in Two BriarLake Plaza, Houston, TX, United States, 77042 and employs 1,659 people. Dril Quip is listed under Oil & Gas Equipment & Services category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a total capitalization of 792 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Dril Quip's market, we take the total number of its shares issued and multiply it by Dril Quip's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Dril-Quip runs under Energy Equipment & Services sector within Energy industry. The entity has 34.42 M outstanding shares of which 1.71 M shares are currently shorted by investors with about 7.43 days to cover. Dril Quip has about 264.8 M in cash with 7.73 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 9.3.
Check Dril Quip Probability Of Bankruptcy
Ownership Allocation
Dril-Quip retains a total of 34.42 Million outstanding shares. The majority of Dril Quip outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to obtain positions in Dril-Quip to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Dril Quip. Please pay attention to any change in the institutional holdings of Dril Quip as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Dril Ownership Details

Dril Stock Price Odds Analysis

In regard to a normal probability distribution, the odds of Dril Quip jumping above the current price in 90 days from now is about 28.39%. The Dril Quip probability density function shows the probability of Dril Quip stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 1.5112 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Dril Quip will likely underperform. Additionally, dril Quip has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 22.82HorizonTargetOdds Above 22.82
71.44%90 days
 22.82 
28.39%
Based on a normal probability distribution, the odds of Dril Quip to move above the current price in 90 days from now is about 28.39 (This Dril Quip probability density function shows the probability of Dril Stock to fall within a particular range of prices over 90 days) .

Dril Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Dril Quip that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Dril Quip's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Dril Quip's value.
InstituionRecorded OnShares
Geode Capital Management, Llc2023-12-31
726.2 K
Fred Alger Management, Llc2023-12-31
709.9 K
Stifel Financial Corp2023-12-31
672.6 K
Heartland Advisors Inc2023-12-31
657.7 K
Van Eck Associates Corporation2023-12-31
565.1 K
Royce & Associates, Lp2023-12-31
530.3 K
Hotchkis & Wiley Capital Management Llc2023-12-31
482.7 K
Goldman Sachs Group Inc2023-12-31
468.3 K
Charles Schwab Investment Management Inc2023-12-31
454.1 K
Blackrock Inc2023-12-31
5.6 M
Vanguard Group Inc2023-12-31
3.9 M
View Dril Quip Diagnostics

Dril Quip Historical Income Statement

Dril Quip Income Statement is one of the three primary financial statements used for reporting Dril's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Dril-Quip revenue and expense. Dril Quip Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Dril Quip's Total Revenue is relatively stable compared to the past year. As of 03/28/2024, Gross Profit is likely to grow to about 172.9 M, while Other Operating Expenses is likely to drop slightly above 386.1 M. View More Fundamentals

Dril Stock Against Markets

Picking the right benchmark for Dril Quip stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Dril Quip stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Dril Quip is critical whether you are bullish or bearish towards Dril Quip at a given time. Please also check how Dril Quip's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Dril Quip without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Dril Quip Corporate Directors

Dril Quip corporate directors refer to members of a Dril Quip board of directors. The board of directors generally takes responsibility for the Dril Quip's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Dril Quip's board members must vote for the resolution. The Dril Quip board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Amy SchwetzIndependent DirectorProfile
Alexander ShukisIndependent DirectorProfile
L RobertsonIndependent DirectorProfile
Steven NewmanIndependent DirectorProfile

How to buy Dril Stock?

Before investing in Dril Quip, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Dril Quip. To buy Dril Quip stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Dril Quip. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Dril Quip stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Dril Quip stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Dril Quip stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Dril Quip, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Dril Stock please use our How to Invest in Dril Quip guide.

Already Invested in Dril Quip?

The danger of trading Dril Quip is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Dril Quip is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Dril Quip. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Dril-Quip is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Dril-Quip is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Dril Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Dril Quip Stock. Highlighted below are key reports to facilitate an investment decision about Dril Quip Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dril Quip. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
To learn how to invest in Dril Stock, please use our How to Invest in Dril Quip guide.
You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.

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When running Dril Quip's price analysis, check to measure Dril Quip's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Dril Quip is operating at the current time. Most of Dril Quip's value examination focuses on studying past and present price action to predict the probability of Dril Quip's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dril Quip's price. Additionally, you may evaluate how the addition of Dril Quip to your portfolios can decrease your overall portfolio volatility.
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Is Dril Quip's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Dril Quip. If investors know Dril will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Dril Quip listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
0.02
Revenue Per Share
12.409
Quarterly Revenue Growth
0.307
Return On Assets
0.0009
Return On Equity
0.0007
The market value of Dril-Quip is measured differently than its book value, which is the value of Dril that is recorded on the company's balance sheet. Investors also form their own opinion of Dril Quip's value that differs from its market value or its book value, called intrinsic value, which is Dril Quip's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Dril Quip's market value can be influenced by many factors that don't directly affect Dril Quip's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Dril Quip's value and its price as these two are different measures arrived at by different means. Investors typically determine if Dril Quip is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dril Quip's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.