Stock Rating Downgrade
The Value Trend Rating for Dril-Quip Inc. (NYSE: DRQ) weakened of late from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Dril-Quip Inc. (NYSE: DRQ) stock closed at $14.26 on 8/9/24 after a decline of -2.5%. NORMAL trading volume accompanied the decline. The stock has declined -12.0% during the last week and 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 D (Negative). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Dril-Quip has a slightly positive Appreciation Score of 68 but a very low Power Rating of 10, with the Negative Value Trend Rating the result.
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