For its third fiscal quarter (ending September 30), Dril-Quip Inc. (NYSE: DRQ) has reported a -1067% decline in E.P.S. from $-0.21 a year ago to $2.03 in the current quarter. E.P.S. were $1.71 for the latest four quarters through September 30 versus $-0.05 for the same period a year ago — a decline of -3520%.
Recent Price Action
Dril-Quip Inc. (NYSE: DRQ) stock enjoyed a large increase of 2.4% on 11/7/24. The stock closed at $15.89. Moreover, trading volume in this advance was unusually high at 168% of normal. The stock has risen 11.4% during the last week but has been extremely weak relative to the market over the last nine months.
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). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Dril-Quip has a good Appreciation Score of 72 but a poor Power Rating of 22, and the Low Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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