Dril-Quip (DRQ) Given a $49.00 Price Target at Barclays
Barclays set a $49.00 price objective on Dril-Quip (NYSE:DRQ) in a research note published on Wednesday morning, MarketBeat Ratings reports. The firm currently has an equal weight rating on the oil and gas company’s stock.
Other research analysts have also issued research reports about the company. B. Riley set a $55.00 price objective on Dril-Quip and gave the company a buy rating in a research report on Friday, February 23rd. Zacks Investment Research upgraded Dril-Quip from a hold rating to a buy rating and set a $47.00 price target for the company in a research report on Wednesday, November 1st. TheStreet upgraded Dril-Quip from a d+ rating to a c- rating in a research report on Friday, January 26th. Capital One Financial reiterated an equal weight rating on shares of Dril-Quip in a research report on Thursday, February 22nd. Finally, Cowen set a $45.00 price target on Dril-Quip and gave the stock a hold rating in a research report on Thursday, January 11th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $49.13.
Dril-Quip (DRQ) opened at $44.20 on Wednesday. Dril-Quip has a 12-month low of $35.85 and a 12-month high of $58.75. The stock has a market capitalization of $1,670.00, a P/E ratio of -16.37 and a beta of 0.81.
A number of hedge funds have recently made changes to their positions in DRQ. Quantbot Technologies LP acquired a new position in Dril-Quip during the 3rd quarter worth $136,000. Elkfork Partners LLC acquired a new position in Dril-Quip during the 4th quarter worth $196,000. Unison Advisors LLC acquired a new position in Dril-Quip during the 4th quarter worth $212,000. Symons Capital Management Inc. acquired a new stake in shares of Dril-Quip in the third quarter valued at $232,000. Finally, BlueCrest Capital Management Ltd acquired a new stake in shares of Dril-Quip in the fourth quarter valued at $246,000.
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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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