Dril-quip Inc (NYSE:DRQ) Stock Price Up as Sentiment Improves, now at 1.11

June 29, 2018 - By Madeline Delgado

Positions for Dril-quip Inc (NYSE:DRQ)

In Q1 2018 Dril-quip Inc (NYSE:DRQ) big money sentiment increased to 1.11, revealed SEC filings. So its up 0.06, from 2017Q4’s 1.05. 98 investment managers started new or increased positions, while 88 reduced and sold holdings in Dril-quip Inc so the sentiment is more positive. Funds own 44.09 million shares, up from 43.20 million shares in 2017Q4. Funds holding Dril-quip Inc in top 10 changed to 1 from 2 for a decrease of 1. 23 Investors Sold All; 65 Reduced Holdings; 72 increased stakes while 26 investment managers bought stakes.

Significant Dril-quip Inc Shareholders

As of Q1 2018 Speece Thorson Capital Group Inc has 3.1% invested in Dril-quip Inc. Dril-quip Inc’s shareholder Birch Run Capital Advisors Lp owns 158,600 shares as of Q1 2018. Energy Opportunities Capital Management Llc reported 58,748 shares. Dalton Greiner Hartman Maher & Co revealed 456,523 shares position in Dril-quip Inc. The California-based fund Kayne Anderson Rudnick Investment Management Llc looks positive on Dril-quip Inc, possessing 3.74 million shares.

Dril-Quip, Inc., together with its subsidiaries, designs, makes, sells, and services offshore drilling and production equipment for use in deepwater, harsh environment, and severe service applications worldwide.The company has $1.96 billion market cap. It operates through three divisions: Western Hemisphere, Eastern Hemisphere, and Asia-Pacific.Currently it has negative earnings. The companyÂ’s principal products include subsea and surface wellheads, subsea and surface production trees, subsea control systems and manifolds, mudline hanger systems, specialty connectors and associated pipes, drilling and production riser systems, liner hangers, wellhead connectors, and diverters, as well as consumable downhole products.

DRQ touched $51.5 during the last trading session after $0.1 change.Dril-Quip, Inc. has volume of 72,554 shares. Since June 29, 2017 DRQ has declined 8.79% and is downtrending. The stock underperformed the S&P500 by 21.36%.

Dril-Quip, Inc. (NYSE:DRQ)’s earnings report is expected on July, 27., Faxor reports. Analysts have expectation on stock’s earnings per share of $-0.08. That’s down 188.89 % from last year’s $0.09 earnings per share. Wall Street forecasts -66.67 % EPS growth as of July, 27.

Deutsche National Bank Ag reported 619,718 shs. Cipher Cap Ltd Partnership holds 0.11% or 20,998 shs. First Manhattan Company holds 0% in Dril-Quip, Inc. (NYSE:DRQ) or 176 shs. Teacher Retirement System Of Texas has 8,374 shs for 0% of their capital. Fdx Advsrs holds 0.04% of its capital in Dril-Quip, Inc. (NYSE:DRQ) for 26,865 shs. Regions Corp reported 40,940 shs. The Georgia-based Signaturefd Limited Co has invested 0% in Dril-Quip, Inc. (NYSE:DRQ). Magnetar Ltd Co has 15,152 shs. Liberty Mutual Gp Asset Inc holds 0.01% or 7,457 shs. D E Shaw & accumulated 18,169 shs. Td Asset holds 0% or 14,700 shs. Louisiana State Employees Retirement Sys owns 0.02% invested in Dril-Quip, Inc. (NYSE:DRQ) for 10,000 shs. Profund Advisors Limited Liability reported 0.01% stake. Hotchkis Wiley Capital Mgmt Lc holds 0.01% or 34,709 shs in its capital. Loomis Sayles & Ltd Partnership holds 437,133 shs.

Dril-Quip, Inc. had 4 insider sales and 0 insider purchases since April 2, 2018. This’s net activity of $307,840. $87,905 worth of Dril-Quip, Inc. (NYSE:DRQ) was sold by Gariepy James A.. On Monday, April 2 Shares for $87,973 were sold by Webster James C.. DeBerry Blake T. sold 2,000 shs worth $87,973.

Dril-Quip, Inc. (NYSE:DRQ) Ratings Coverage

Total analysts of 5 have positions in Dril-Quip (NYSE:DRQ) as follows: 2 rated it a “Buy”, 0 with “Sell” and 3 with “Hold”. The positive are 40%. Since January 11, 2018 according to StockzIntelligence Inc Dril-Quip has 8 analyst reports. On Thursday, March 8 the firm has “Hold” rating given by Piper Jaffray. The stock rating was maintained by FBR Capital with “Buy” on Monday, March 26. On Tuesday, May 1 the stock of Dril-Quip, Inc. (NYSE:DRQ) earned “Buy” rating by B. Riley & Co. On Monday, April 30 the stock has “Equal-Weight” rating by Barclays Capital. The company rating was maintained by Cowen & Co on Friday, April 13. On Wednesday, February 28 the firm earned “Equal-Weight” rating by Barclays Capital. On Thursday, January 11 the firm has “Hold” rating given by Cowen & Co. In Friday, February 23 report FBR Capital maintained it with “Buy” rating and $55.0 target.

There’s a substantial Dril-Quip, Inc. (NYSE:DRQ) news announced by Globenewswire.com. It’s an item titled: “Report: Exploring Fundamental Drivers Behind Ferro, Royal Gold, Dril-Quip, Steven Madden, Stanley Black & Decker …” on June 28, 2018.

Dril-Quip, Inc. (NYSE:DRQ) Institutional Investors Chart

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