B. Riley Reiterates “$55.00” Price Target for Dril-Quip (DRQ)
Dril-Quip (NYSE:DRQ) received a $55.00 price target from stock analysts at B. Riley in a note issued to investors on Friday. The firm presently has a “buy” rating on the oil and gas company’s stock. B. Riley’s target price would suggest a potential upside of 20.75% from the company’s previous close.
Other equities research analysts have also issued reports about the company. Capital One Financial reiterated an “equal weight” rating on shares of Dril-Quip in a research note on Thursday. Cowen reiterated a “market perform” rating and issued a $39.00 price objective (down from $43.00) on shares of Dril-Quip in a research note on Monday, October 30th. Wolfe Research upgraded Dril-Quip from an “underperform” rating to a “market perform” rating in a research note on Tuesday, October 31st. Zacks Investment Research upgraded Dril-Quip from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a research note on Wednesday, November 1st. Finally, Scotiabank set a $61.00 price objective on Dril-Quip and gave the company a “hold” rating in a research note on Friday, October 27th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. Dril-Quip currently has a consensus rating of “Hold” and an average price target of $50.13.
Dril-Quip (DRQ) opened at $45.55 on Friday. Dril-Quip has a 12 month low of $35.85 and a 12 month high of $67.95. The stock has a market capitalization of $1,758.62, a PE ratio of -60.73 and a beta of 0.72.
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Dril-Quip Company Profile
Dril-Quip, Inc (Dril-Quip) designs, manufactures, sells and services engineered drilling and production equipment. The Company’s operations are organized into three geographic segments: Western Hemisphere, including North and South America, headquartered in Houston, Texas; Eastern Hemisphere, including Europe and Africa, headquartered in Aberdeen, Scotland, and Asia-Pacific, including the Pacific Rim, Southeast Asia, Australia, India and the Middle East, headquartered in Singapore.
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