In a report issued on July 29, David Anderson from Barclays maintained a Hold rating on Dril-Quip (DRQ), with a price target of $46. The company’s shares closed yesterday at $52.62, close to its 52-week high of $54.51.
According to TipRanks.com, Anderson has currently no stars on a ranking scale of 0-5 stars, with an average return of -4.7% and a 37.9% success rate. Anderson covers the Basic Materials sector, focusing on stocks such as Ranger Energy Services Inc, Covia Holdings Corporation, and Mammoth Energy Services.
Currently, the analyst consensus on Dril-Quip is a Moderate Sell with an average price target of $45.
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The company has a one-year high of $54.51 and a one-year low of $26.62. Currently, Dril-Quip has an average volume of 333.8K.
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Dril-Quip, Inc. designs, manufactures, sells and services engineered offshore drilling and production equipment that is well suited for use in deepwater, harsh environment and severe service applications. Its products consist of subsea and surface wellheads, subsea and surface production trees, subsea control systems and manifolds, mudline hanger systems, specialty connectors and associated pipe, drilling and production riser systems, liner hangers, wellhead connectors and diverters which are used by major integrated, large independent and foreign national oil and gas companies in offshore areas throughout the world. The company was founded by Larry E. Reimert, Gary W. Loveless, Gary D. Smith and J. Mike Walker in 1981 and is headquartered in Houston, TX.
