28-Mar-2024
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SHAREHOLDER UPDATE: Halper Sadeh LLC Investigates DRQ, FUSN, LABP, FXNC
Globe Newswire (Wed, 27-Mar 8:59 AM ET)
SHAREHOLDER UPDATE: Halper Sadeh LLC Investigates FUSN, DRQ, X
PRNewswire (Thu, 21-Mar 3:39 PM ET)
Kuehn Law Encourages DRQ, EVBG, FREE, and FUSN Investors to Contact Law Firm
PRNewswire (Wed, 20-Mar 4:10 PM ET)
Business Wire (Tue, 19-Mar 9:08 PM ET)
SHAREHOLDER UPDATE: Halper Sadeh LLC Investigates FUSN, DRQ, KAMN, TAST
Globe Newswire (Tue, 19-Mar 1:14 PM ET)
Business Wire (Mon, 18-Mar 6:10 PM ET)
Dril-Quip and Innovex to Combine Creating Unique Energy Industrial Platform
Business Wire (Mon, 18-Mar 4:30 PM ET)
Dril-Quip, Inc. Announces Fourth Quarter and Full Year 2023 Results
ACCESSWIRE (Mon, 26-Feb 4:07 PM ET)
ACCESSWIRE (Thu, 22-Feb 6:26 PM ET)
Dril-Quip, Inc. Schedules Fourth Quarter and Full Year 2023 Earnings Release and Conference Call
ACCESSWIRE (Wed, 21-Feb 4:15 PM ET)
Dril-Quip Inc is a developer of inventive technologies for the energy industry, designing and manufacturing products for traditional oil and gas, and certain energy transition applications. The Company's revenues are generated from three sources, Product revenues are derived from the sale of drilling and production equipment. Service revenues are earned when the Company provides technical advisory assistance and rework and reconditioning services. Leasing revenues are derived from rental tools used during the installation and retrieval of the Company's products. The Company's operations are organized into three geographic segments, Western Hemisphere, Eastern Hemisphere (including Europe and Africa) and Asia-Pacific (including the Pacific Rim, Southeast Asia, Australia, etc.).
Dril-Quip trades on the NYSE stock market under the symbol DRQ.
As of March 28, 2024, DRQ stock price declined to $22.53 with 277,772 million shares trading.
DRQ has a beta of 0.61, meaning it tends to be less sensitive to market movements. DRQ has a correlation of 0.04 to the broad based SPY ETF.
DRQ has a market cap of $775.35 million. This is considered a Small Cap stock.
Last quarter Dril-Quip reported $126 million in Revenue and $.04 earnings per share. This beat revenue expectation by $8 million and missed earnings estimates by -$.14.
In the last 3 years, DRQ stock traded as high as $41.23 and as low as $18.17.
The top ETF exchange traded funds that DRQ belongs to (by Net Assets): IJR, VTI, VB, IWM, VXF.
DRQ has underperformed the market in the last year with a price return of -18.0% while the SPY ETF gained +33.6%. DRQ has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -5.5% and -1.9%, respectively, while the SPY returned +10.1% and +1.7%, respectively.
DRQ support price is $22.24 and resistance is $23.40 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DRQ stock will trade within this expected range on the day.