Alert: Negative Investment/Fundamental Signals (4/1/24)-Dril-Quip Inc. (NYSE: DRQ)


Dril-Quip Inc. (NYSE: DRQ) suffers from notable negative changes in fundamentals: the consensus estimate for December, 2024 decreased significantly, significant quarterly earnings deceleration occurred, and the consensus estimate for December, 2025 decreased significantly.

Dril-Quip Inc. (NYSE: DRQ) suffers from notable negative changes in investment behavior: the stock’s recent price decline challenged its longer term uptrend.

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 consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Dril-Quip has a neutral Appreciation Score of 44 and a slightly negative Power Rating of 36, triggering the Negative Value Trend Rating.

Recent Price Action

On 4/1/24, Dril-Quip Inc. (NYSE: DRQ) stock enjoyed a large increase of 2.8%, closing at $23.16. Moreover, unusually high trading volume at 194% of normal accompanied the advance. Relative to the market the stock has been weak over the last nine months and has declined -7.0% during the last week.

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