Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Dril-Quip Inc. (NYSE: DRQ) improved during the last several trading days. DRQ’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
Dril-Quip Inc. (NYSE: DRQ) stock rose modestly by 0.7% on 9/27/24. The stock closed at $14.96. However, this advance was accompanied by below average trading volume at 70% of normal. The stock has been extremely weak relative to the market over the last nine months and has declined -5.8% during the last week.
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 C (Low Neutral). This VT Rating improved in recent days from D previously. The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Dril-Quip has a slightly positive Appreciation Score of 69 but a poor Power Rating of 18, triggering the Low Neutral Value Trend Rating.
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