Dril-Quip, Inc. with ticker code (DRQ) have now 3 analysts in total covering the stock. The consensus rating is ‘Hold’. The range between the high target price and low target price is between 44 and 24 and has a mean target at 31.67. Now with the previous closing price of 35.8 this would imply there is a potential downside of -11.5%. There is a 50 day moving average of 29.59 and the 200 moving average now moves to 25.66. The market capitalisation for the company is $1,109m. You can visit the company’s website by visiting: https://www.dril-quip.com
The potential market cap would be $981m based on the market concensus.
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Dril-Quip, Inc., together with its subsidiaries, designs, manufactures, sells, and services engineered drilling and production equipment for for both offshore and onshore applications worldwide. The company’s principal products include subsea and surface wellheads, subsea and surface production trees, mudline hanger systems, specialty connectors and associated pipes, drilling and production riser systems, liner hangers, wellhead connectors, diverters, and safety valves. It also provides technical advisory services, and rework and reconditioning services, as well as rental and purchase of running tools for use in the installation and retrieval of its products; and downhole tools comprise of liner hangers, production packers, safety valves, and specialty downhole tools that are used to hang-off and seal casing into a previously installed casing string in the well bore. The company’s products are used to explore for oil and gas from offshore drilling rigs, such as floating rigs and jack-up rigs; and for drilling and production of oil and gas wells on offshore platforms, tension leg platforms, and Spars, as well as moored vessels, such as floating production, storage, and offloading monohull moored vessels. It sells its products directly through its sales personnel, independent sales agents, and representatives to integrated, independent, and foreign national oil and gas companies, as well as drilling and other oilfield contractors, and engineering and construction companies. The company was founded in 1981 and is headquartered in Houston, Texas.