Alert: Negative Investment/Fundamental Signals (9/6/24)-Dril-Quip Inc. (NYSE: DRQ)

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Dril-Quip Inc. (NYSE: DRQ) has recently experienced significant negative changes in fundamentals: the consensus estimate for December, 2024 decreased significantly, significant quarterly earnings deceleration occurred, and the consensus estimate for December, 2025 decreased significantly.

Recent meaningful negative changes in investment behavior have impacted Dril-Quip Inc. (NYSE: DRQ): negative upside/downside volume developed.

In light of these highly negative signals we are reviewing our current Overall Rating of D. We would continue to view the shares with caution pending completion of this review in the next several days.

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Current PriceTarget Research Rating

DRQ’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to continue to be Value Creation neutral.

Dril-Quip has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Dril-Quip has a slightly positive Appreciation Score of 66 but a very low Power Rating of 11, and the Negative Value Trend Rating results.

Recent Price Action

Dril-Quip Inc. (NYSE: DRQ) stock declined by -3.5% on 9/6/24. The shares closed at $15.41. Moreover, this decline was accompanied by above average trading volume at 141% of normal. The stock has been extremely weak relative to the market over the last nine months and has declined -4.7% during the last week.

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