ING Groep NV Takes Position in Dril-Quip, Inc. (DRQ)

Paterniano Del Favero
Agosto 13, 2017

A number of equities analysts have recently weighed in on the company. Vanguard Group has an ownership of 3,108,114 stocks of the oil and gas firms shares valued $169,548,000 after scooping up an extra 124,962 shares through out the previous quarter, Dimensional Fund Advisors raised its stake in stocks of Dril-Quip by 31.5% in the Q1. Tyers Asset Management LLC now owns 1,936 shares of the oil and gas company's stock valued at $106,000 after buying an additional 308 shares during the last quarter. Acadian Asset Management LLC acquired a new position in Dril-Quip during the first quarter worth about $483,000. TrimTabs Asset Management LLC now owns 2,003 shares of the oil and gas company's stock valued at $109,000 after buying an additional 944 shares during the last quarter. Finally, Huntington National Bank raised its stake in shares of Dril-Quip by 87.8% in the first quarter. Flinton Capital Management LLC now owns 2,464 shares of the oil and gas company's stock valued at $134,000 after buying an additional 392 shares during the last quarter. Commerce Bank raised its stake in shares of Dril-Quip by 3.1% in the second quarter. BlackRock Inc. now owns 3,581,432 shares of the oil and gas company's stock valued at $195,368,000 after buying an additional 3,540,338 shares during the last quarter. Finally, Neuburgh Advisers LLC boosted its position in Dril-Quip by 18.9% in the first quarter. Neuburgh Advisers LLC now owns 2,992 shares of the oil and gas company's stock worth $163,000 after buying an additional 476 shares during the last quarter. Dril-Quip, Inc. has a 52-week low of $40.10 and a 52-week high of $69.40. (NYSE DRQ) traded down 1.95% during midday trading on Friday, hitting $40.15. 517,567 shares of the company's stock traded hands. The company has a market cap of $1.61 billion, a P/E ratio of 79.18 and a beta of 0.63. The company's 50-day moving average is $47.46 and its 200 day moving average is $53.17.

Dril-Quip (NYSE:DRQ) opened at 42.60 on Wednesday. The company had revenue of $127.90 million during the quarter, compared to analyst estimates of $112.12 million.

The stock of Dril-quip Incorporated (NYSE:DRQ) registered a decrease of 2.88% in short interest. Company's periodic earnings was down 10.2% on a YOY basis. During the same period a year ago, the firm posted $0.96 EPS. Capital One Financial Corporation also issued estimates for Dril-Quip's Q4 2017 earnings at ($0.05) EPS, FY2017 earnings at $0.05 EPS, Q1 2018 earnings at ($0.08) EPS, Q2 2018 earnings at ($0.10) EPS, Q3 2018 earnings at ($0.04) EPS, Q4 2018 earnings at $0.00 EPS and FY2018 earnings at ($0.22) EPS.

TRADEMARK VIOLATION WARNING: "ING Groep NV Takes Position in Dril-Quip, Inc. (DRQ)" was originally reported by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this article on another publication, it was stolen and republished in violation of United States and global trademark and copyright laws. The legal version of this news story can be viewed at https://www.baseball-news-blog.com/2017/08/10/dril-quip-inc-drq-stock-rating-lowered-by-bidaskclub.html. Teachers Retirement System of The State of Kentucky's holdings in Dril-Quip were worth $543,000 at the end of the most recent quarter. It is positive, as 30 investors sold Dril-Quip, Inc. shares while 76 reduced holdings. Scotiabank set a $61.00 price target on shares of Dril-Quip and gave the company a hold rating in a research report on Monday, July 31st. Lastly, Cowen and Company dropped the price target on stocks of Dril-Quip from $55.00 to $43.00 and fixed a "market perform" recommendation on the share in a study note on early Mon, Jul 31st. Barclays PLC downgraded Dril-Quip from an "overweight" rating to an "equal weight" rating and decreased their target price for the company from $77.00 to $57.00 in a research report on Monday, May 1st. Zacks Investment Research raised shares of Dril-Quip from a "sell" rating to a "hold" rating in a report on Tuesday, May 2nd.

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