In a report released today, David Anderson from Barclays maintained a Sell rating on Dril-Quip (DRQ – Research Report), with a price target of $21.00. The company’s shares closed yesterday at $19.24.
According to TipRanks, Anderson is an analyst with an average return of -0.5% and a 43.79% success rate. Anderson covers the Energy sector, focusing on stocks such as TechnipFMC, Halliburton, and Schlumberger.
The word on The Street in general, suggests a Hold analyst consensus rating for Dril-Quip with a $30.50 average price target.
DRQ market cap is currently $662.2M and has a P/E ratio of -30.43.
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Dril-Quip (DRQ) Company Description:
Dril-Quip, Inc. designs, manufactures, sells and services engineered offshore drilling and production equipment. Its products consist of subsea and surface wellheads, subsea and surface production trees, subsea control systems and manifolds, mudline hanger systems, specialty connectors and associated pipe, drilling and production riser systems, liner hangers, wellhead connectors and diverters which are used by major integrated, large independent and foreign national oil and gas companies in offshore areas throughout the world. The company was founded by Larry E. Reimert, Gary W. Loveless, Gary D. Smith and J. Mike Walker in 1981 and is headquartered in Houston, TX.
