Alert: Negative Investment/Fundamental Signals (11/6/23)-Dril-Quip Inc. (NYSE: DRQ)


Dril-Quip Inc. (NYSE: DRQ) has recently experienced exceptional negative changes in fundamentals: the stock’s power rating fell below 50, significant quarterly earnings deceleration occurred, the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2023 decreased significantly.

Recent meaningful negative changes in investment behavior have impacted Dril-Quip Inc. (NYSE: DRQ): negative upside/downside volume developed.

In light of these highly negative signals we are reviewing our current Overall Rating of D. We would continue to view the shares with caution pending completion of this review in the next several days.


Current PriceTarget Research Rating

With future capital returns forecasted to be in line with the cost of capital, DRQ is expected to continue to be Value Creation neutral.

Dril-Quip has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Dril-Quip has a slightly negative Power Rating of 40 and a slightly negative Appreciation Score of 39, triggering the Negative Value Trend Rating.

Recent Price Action

Dril-Quip Inc. (NYSE: DRQ) stock closed at $22.61 on 11/6/23 after a decline of -1.8%. The stock has declined -0.7% during the last week and has performed in line with the market over the last nine months.

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