Stock Rating Upgrade
During the last several trading days the Value Trend Rating for Dril-Quip Inc. (NYSE: DRQ) improved from D to C reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
On 8/1/24, Dril-Quip Inc. (NYSE: DRQ) stock suffered a large decline of -6.4%, closing at $16.21. However, this decline was accompanied by below average trading volume at 80% of normal. The stock is unchanged 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). 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 62 but a poor Power Rating of 28, with the Low Neutral Value Trend Rating the result.
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