Stock Rating Downgrade
The Value Trend Rating for Dril-Quip Inc. (NYSE: DRQ) weakened recently 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
On 9/20/24, Dril-Quip Inc. (NYSE: DRQ) stock declined slightly by -0.2%, closing at $15.85. Moreover, trading volume in this decline was exceptionally high at 255% of normal. Relative to the market the stock has been extremely weak over the last nine months but has risen 8.7% 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 D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Dril-Quip has a slightly positive Appreciation Score of 66 but a poor Power Rating of 18, producing the Negative Value Trend Rating.
Be the first to comment