On 2/27/24, Dril-Quip Inc. (NYSE: DRQ) stock enjoyed a major increase of 10.2%, closing at $23.52. Moreover, this advance was accompanied by unusually high trading volume at 191% of normal. Relative to the market the stock has been weak over the last nine months but has risen 10.9% during the last week.
Current PriceTarget Research Rating
DRQ is expected to continue to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Dril-Quip has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Dril-Quip has a neutral Appreciation Score of 48 but a poor Power Rating of 26, triggering the Negative Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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