DRQ - Dril-Quip Inc Stock Price, Fair Value and News

19.23USD-0.01 (-0.05%)Market Closed

Market Summary

USD19.23-0.01

Market Closed

-0.05%

DRQ Alerts

Big fall in earnings (Y/Y)

Losses in recent quarter

DRQ Stock Price

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DRQ RSI Chart

DRQ Valuation

Market Cap

661.9M

Price/Earnings (Trailing)

-30.52

Price/Sales (Trailing)

1.49

EV/EBITDA

14.93

Price/Free Cashflow

26.92

DRQ Price/Sales (Trailing)

DRQ Profitability

Operating Margin

27.53%

EBT Margin

-2.05%

Return on Equity

-2.53%

Return on Assets

-2.12%

Free Cashflow Yield

3.71%

DRQ Fundamentals

DRQ Revenue

Revenue (TTM)

443.5M

Rev. Growth (Yr)

21.39%

Rev. Growth (Qtr)

-12.7%

DRQ Earnings

Earnings (TTM)

-21.7M

Earnings Growth (Yr)

-964.73%

Earnings Growth (Qtr)

-1.2K%

Breaking Down DRQ Revenue

Last 7 days

2.3%

Last 30 days

-11.3%

Last 90 days

-4.0%

Trailing 12 Months

-19.0%

How does DRQ drawdown profile look like?

DRQ Financial Health

Current Ratio

5.35

Debt/Equity

7e-5

Debt/Cashflow

974.88

DRQ Investor Care

Shares Dilution (1Y)

0.72%

Diluted EPS (TTM)

-0.63

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	443.5M	0	0	0
2023	369.7M	365.3M	394.4M	424.1M
2022	324.3M	337.5M	342.7M	361.9M
2021	350.2M	340.6M	332.3M	322.4M
2020	416.5M	403.1M	386.2M	365.0M
2019	379.8M	388.7M	403.7M	414.8M
2018	435.4M	402.4M	395.3M	384.6M
2017	491.4M	476.9M	453.6M	455.5M
2016	784.9M	712.0M	634.3M	538.7M
2015	952.9M	937.8M	897.5M	844.3M
2014	883.3M	891.6M	908.6M	931.0M
2013	749.1M	794.5M	828.4M	872.4M
2012	640.8M	680.4M	716.2M	733.0M
2011	561.4M	556.4M	571.3M	601.3M
2010	555.2M	564.0M	566.0M	566.3M
2009	0	541.9M	541.1M	540.2M
2008	0	0	0	542.8M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Dril-Quip Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 01, 2024	mcclure kyle	sold	-92,600	23.15	-4,000	vice president and cfo
Apr 01, 2024	lockhart carri a.	acquired	-	-	1,040	-
Apr 01, 2024	willis darryl keith	acquired	-	-	1,040	-
Apr 01, 2024	jupp terence bartlett	acquired	-	-	1,248	-
Apr 01, 2024	newman steven l	acquired	-	-	1,040	-
Apr 01, 2024	webster james c.	sold	-92,640	23.16	-4,000	vp, gen counsel & secretary
Apr 01, 2024	bird jeffrey j.	sold	-173,550	23.14	-7,500	president & ceo
Apr 01, 2024	lovoi john	acquired	-	-	1,283	-
Mar 18, 2024	lockhart carri a.	acquired	-	-	6,300	-
Mar 18, 2024	lovoi john	acquired	-	-	6,300	-

Which funds bought or sold DRQ recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 13, 2024	TRUIST FINANCIAL CORP	reduced	-40.25	-161,979	222,348	-%
May 13, 2024	D.A. DAVIDSON & CO.	sold off	-100	-1,912,070	-	-%
May 13, 2024	ENVESTNET ASSET MANAGEMENT INC	reduced	-13.96	-216,453	1,080,310	-%
May 13, 2024	Nuveen Asset Management, LLC	reduced	-6.89	-474,104	4,340,130	-%
May 13, 2024	UBS Group AG	added	12.2	46,007	578,751	-%
May 13, 2024	CANADA LIFE ASSURANCE Co	reduced	-25.04	-251,000	668,000	-%
May 13, 2024	BARROW HANLEY MEWHINNEY & STRAUSS LLC	unchanged	-	-94.00	2,861	-%
May 13, 2024	EverSource Wealth Advisors, LLC	unchanged	-	-	4,189	-%
May 13, 2024	Jump Financial, LLC	reduced	-36.31	-141,683	227,868	0.01%
May 13, 2024	ROYCE & ASSOCIATES LP	reduced	-0.4	-440,139	11,899,200	0.11%

Are Funds Buying or Selling DRQ?

Are funds buying DRQ calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own DRQ

No. of Funds

Unveiling Dril-Quip Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Mar 12, 2024	gamco investors, inc. et al	1.57%	539,380	SC 13D/A
Feb 13, 2024	vanguard group inc	11.31%	3,867,476	SC 13G/A
Feb 13, 2024	kayne anderson rudnick investment management llc	0.00%	0	SC 13G/A
Feb 12, 2024	brandes investment partners, lp	7.49%	2,559,567	SC 13G
Feb 09, 2024	dimensional fund advisors lp	6.3%	2,150,385	SC 13G
Jan 22, 2024	blackrock inc.	16.5%	5,639,897	SC 13G/A
Oct 30, 2023	gamco investors, inc. et al	1.21%	414,480	SC 13D/A
Feb 14, 2023	kayne anderson rudnick investment management llc	9.80%	3,322,738	SC 13G/A
Feb 09, 2023	vanguard group inc	10.93%	3,708,769	SC 13G/A
Jan 26, 2023	blackrock inc.	16.7%	5,666,372	SC 13G/A

Recent SEC filings of Dril-Quip Inc

View All Filings

Date Filed	Form Type	Document
May 08, 2024	425	Prospectus Filed
May 08, 2024	8-K	Current Report
May 08, 2024	8-K	Current Report
May 02, 2024	10-Q	Quarterly Report
May 02, 2024	8-K	Current Report
May 01, 2024	S-4	Mergers and Acquisition
Apr 23, 2024	SD	SD
Apr 22, 2024	DEFA14A	DEFA14A
Apr 16, 2024	425	Prospectus Filed
Apr 02, 2024	4	Insider Trading

Peers (Alternatives to Dril-Quip Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
SLB	69.5B	-	-6.29%	10.57%	16.02	18.28	-86.47%	12.21%
HAL	33.2B	23.1B	-5.82%	30.58%	12.8	1.44	6.71%	32.21%
MID-CAP
FTI	11.4B	8.1B	2.13%	87.64%	53.48	1.4	18.75%	572.06%
NOV	7.4B	8.8B	-4.43%	26.50%	7.52	0.85	14.70%	198.19%
CHX	6.5B	3.7B	-7.52%	33.83%	17.98	1.75	-4.02%	100.20%
LBRT	3.9B	4.6B	0.36%	86.59%	8.18	0.85	-1.29%	-16.22%
AROC	3.1B	1.0B	-1.44%	108.18%	24.26	3.04	17.17%	118.50%
SMALL-CAP
DNOW	1.5B	2.3B	-5.87%	48.81%	6.2	0.64	2.36%	81.92%
CLB	681.3M	-	-0.74%	-15.47%	28.73	1.36	-	-
DRQ	661.9M	443.5M	-11.30%	-18.99%	-30.52	1.49	19.98%	-325.36%
CCLP	344.8M	386.1M	17.68%	82.03%	-36.38	0.89	9.26%	57.09%
BOOM	262.4M	701.7M	-22.82%	-22.20%	10.25	0.37	0.29%	55.69%

Dril-Quip Inc News

Latest updates

Dril-Quip Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

Income Statement (Quarterly)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-12.7%	110,297,000	126,344,000	117,244,000	89,607,000	90,865,000	96,668,000	88,141,000	93,978,000	83,137,000	77,415,000	82,997,000	80,797,000	81,239,000	87,234,000	91,295,000	90,446,000	95,998,000	108,454,000	108,227,000	103,808,000	94,317,000
Cost Of Revenue	-14.5%	78,419,000	91,687,000	85,603,000	65,711,000	65,502,000	66,567,000	65,710,000	69,663,000	63,995,000	61,196,500	62,834,000	61,539,000	56,787,000	64,136,000	67,211,000	66,937,000	71,414,000	75,741,000	76,023,000	73,867,000	69,376,000
Costs and Expenses	6.0%	129,099,000	121,787,000	123,315,000	86,001,000	87,677,000	99,185,000	75,710,000	97,847,000	88,728,000	149,568,000	89,933,000	95,461,000	112,821,000	98,862,000	93,399,000	97,951,000	138,320,000	102,390,500	108,005,000	101,688,000	99,920,000
S&GA Expenses	2.5%	29,991,000	29,258,000	26,993,000	23,248,000	22,585,000	26,884,000	22,431,000	22,498,000	22,393,000	30,620,000	25,265,000	29,593,000	29,558,000	26,225,000	20,843,000	23,331,000	24,658,000	21,348,000	29,105,000	23,068,000	24,544,000
EBITDA Margin	-40.7%	0.07	0.12	0.11	0.16	0.13	0.11	-0.11	-0.17	-0.21	-0.30	-0.10	-0.09	-	-	-	-	-	-	-	-	-
Interest Expenses	-36.6%	2,196,000	3,463,500	2,312,000	19,000	80,000	3,613,000	248,000	99,000	54,000	-804,000	94,000	59,000	439,000	83,000	138,000	209,000	191,000	166,000	26,000	-	121,000
Income Taxes	-12.6%	3,378,000	3,863,000	3,275,000	2,102,000	3,624,000	1,266,000	-610,000	2,175,000	3,496,000	-8,148,000	4,301,000	4,407,000	2,386,000	-373,000	-16,380,000	7,081,000	-21,609,000	-155,000	3,412,000	3,119,000	2,333,000
Earnings Before Taxes	-391.0%	-16,606,000	5,707,000	-3,759,000	5,585,000	5,935,000	861,000	12,679,000	-3,395,000	-5,442,000	-72,073,000	-6,842,000	-14,660,000	-31,972,000	-11,627,000	-2,054,000	-7,061,000	-41,307,000	7,244,500	2,102,000	4,800,000	-3,718,000
EBT Margin	-164.4%	-0.02	0.03	0.02	0.07	0.04	0.01	-0.20	-0.26	-0.31	-0.39	-0.20	-0.18	-	-	-	-	-	-	-	-	-
Net Income	-1183.7%	-19,984,000	1,844,000	-7,034,000	3,483,000	2,311,000	-405,000	13,289,000	-5,570,000	-8,938,000	-63,925,000	-11,143,000	-19,067,000	-34,358,000	-11,254,000	14,326,000	-14,142,000	-19,698,000	7,400,000	-1,310,000	1,681,000	-6,051,000
Net Income Margin	-3534.7%	-0.05	0.00	0.00	0.05	0.03	0.00	-0.19	-0.27	-0.32	-0.40	-0.23	-0.15	-	-	-	-	-	-	-	-	-
Free Cashflow	-160.9%	-8,861,000	14,546,000	17,804,000	1,095,000	-58,344,000	-22,758,000	-9,241,000	-10,644,000	-12,994,000	2,628,000	7,020,000	8,231,000	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-0.7%	1,021	1,028	1,008	980	975	970	969	974	978	1,010	1,094	1,125	1,127	1,151	1,160	1,148	1,136	1,207	1,206	1,202	1,184
Current Assets	-0.6%	715	720	709	755	752	750	744	748	717	745	827	849	845	863	863	848	826	880	879	868	843
Cash Equivalents	8.0%	202	187	181	236	235	259	290	321	338	355	375	370	362	346	359	346	343	399	413	423	415
Inventory	7.5%	209	195	183	165	153	146	141	140	141	146	195	202	195	213	219	212	197	205	202	195	195
Net PPE	-1.1%	215	218	212	186	183	181	181	180	213	216	225	229	231	235	240	244	244	258	259	266	270
Goodwill	-2.4%	16.00	17.00	16.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8.00	7.00	8.00	8.00
Liabilities	11.4%	164	147	137	100	95.00	98.00	106	105	90.00	113	114	129	119	110	122	132	112	116	113	105	88.00
Current Liabilities	13.5%	134	118	107	88.00	83.00	88.00	89.00	85.00	70.00	94.00	92.00	107	95.00	86.00	101	114	93.00	97.00	97.00	87.00	71.00
Shareholder's Equity	-2.7%	857	881	870	879	878	872	863	869	887	897	980	995	1,008	1,042	1,038	1,015	1,024	1,091	1,093	1,097	1,095
Retained Earnings	-2.1%	931	951	949	956	955	950	953	949	958	973	1,060	1,072	1,091	1,125	1,137	1,122	1,136	1,181	1,195	1,200	1,199
Additional Paid-In Capital	2.7%	103	100	98.00	96.00	93.00	90.00	88.00	85.00	83.00	80.00	75.00	72.00	69.00	66.00	62.00	59.00	56.00	53.00	53.00	43.00	40.00
Shares Outstanding	0.1%	34.00	34.00	34.00	34.00	34.00	34.00	34.00	34.00	34.00	35.00	35.00	35.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	778	-	-	-	875	-	-	-	1,179	-	-	-	1,032	-	-	-	1,716	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-115.7%	-4,104	26,131	23,234	11,282	-52,920	-17,604	1,042	-9,281	-10,928	4,690	9,323	11,343	13,072	-16,786	13,889	3,046	-21,237	8,054	-4,026	9,812	838
Share Based Compensation	-12.1%	2,788	3,173	2,576	2,566	2,577	2,694	2,569	2,573	2,527	5,354	3,276	3,079	3,186	3,453	3,003	3,282	3,176	-25.00	7,663	3,221	4,862
Cashflow From Investing	202.4%	17,510	-17,097	-76,782	-9,281	23,347	-9,641	-17,617	-989	-1,858	-1,246	-2,286	-3,106	3,431	969	-1,417	-1,680	-3,500	-2,252	-3,186	153	-3,186
Cashflow From Financing	-257.8%	-297	-83.00	-19.00	-11.00	-11.00	-9.00	-11,141	-3,881	-5,859	-23,055	-1,168	-37.00	-40.00	-7.00	-47.00	-44.00	-25,085	-21,295	-1,281	-880	-1,116
Buy Backs	-	-	-	-	-	-	15,000	-11,150	-3,850	5,808	23,059	1,132	-	-	-	-	-	25,000	21,206	3,368	880	1,116

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DRQ Income Statement

2024-03-31

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) (UNAUDITED) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenues:
Total revenues	$ 110,297	$ 90,865
Cost of sales:
Total cost of sales	78,419	65,502
Selling, general and administrative	29,991	22,585
Engineering and product development	3,738	3,399
Restructuring and other charges	0	1,718
Gain on sale of property, plant and equipment	(200)	(6,647)
Acquisition costs	19,046	0
Foreign currency transaction loss (gain)	(1,895)	1,120
Total costs and expenses	129,099	87,677
Operating income (loss)	(18,802)	3,188
Interest income, net	(2,196)	(2,747)
Income (loss) before income taxes	(16,606)	5,935
Income tax provision (benefit)	3,378	3,624
Net income (loss)	$ (19,984)	$ 2,311
Net income (loss) per common share:
Basic	$ (0.58)	$ 0.07
Diluted	$ (0.58)	$ 0.07
Weighted average common shares outstanding:
Basic	34,417	34,128
Diluted	34,417	34,489
Products
Revenues:
Revenues from products and services	$ 64,562	$ 59,246
Cost of sales:
Total cost of sales	48,300	47,044
Services
Revenues:
Revenues from products and services	30,187	21,281
Cost of sales:
Total cost of sales	23,290	12,003
Leasing
Revenues:
Leasing	15,548	10,338
Cost of sales:
Total cost of sales	$ 6,829	$ 6,455

DRQ Balance Sheet

2024-03-31

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands

Mar. 31, 2024

Dec. 31, 2023

Current assets:

Cash and cash equivalents

$ 198,197

$ 187,323

Restricted cash

4,103

4,077

Short-term investments

4,016

25,908

Trade receivables, net

137,135

135,569

Unbilled receivables

139,610

148,429

Inventories

209,160

194,593

Prepaid expenses

13,126

14,119

Other current assets

8,285

9,699

Assets held for sale

1,513

Total current assets

715,145

719,717

Operating lease right of use assets

16,356

16,343

Property, plant and equipment, net

215,264

217,631

Deferred income taxes

9,663

8,989

Goodwill

16,288

^[1]

16,654

Intangible assets

40,247

41,941

Other assets

8,064

6,906

Total assets

1,021,027

1,028,181

Current liabilities:

Accounts payable

62,907

60,160

Accrued income taxes

7,064

5,942

Contract liabilities

6,839

7,583

Accrued compensation

14,026

14,035

Operating lease liabilities

2,300

2,118

Other accrued liabilities

40,420

27,865

Total current liabilities

133,556

117,703

Deferred income taxes

10,330

10,564

Income tax payable

385

346

Operating lease liabilities, long-term

14,541

14,554

Other long-term liabilities

4,852

3,754

Total liabilities

163,664

146,921

Contingencies (Note 14)

Stockholders' equity:

Preferred stock: 10,000,000 shares authorized at $0.01 par value (none issued)

Common stock:

100,000,000 shares authorized at $0.01 par value, 34,419,768 and 34,386,577 shares issued and outstanding at March 31, 2024 and December 31, 2023

343

Additional paid-in capital

103,025

100,289

Retained earnings

930,789

950,719

Accumulated other comprehensive losses

(176,794)

(170,091)

Total stockholders' equity

857,363

881,260

Total liabilities and stockholders' equity

$ 1,021,027

$ 1,028,181

[1]	As of March 31, 2024, the Goodwill balance is included in long-lived assets in the Well Construction business segment.

About Dril-Quip Inc

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.

CEO	Mr. Jeffrey J. Bird
WEBSITE	dril-quip.com
INDUSTRY	Oil - Services
EMPLOYEES	1356

Dril-Quip Inc Frequently Asked Questions

What is the ticker symbol for Dril-Quip Inc? What does DRQ stand for in stocks?

DRQ is the stock ticker symbol of Dril-Quip Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Dril-Quip Inc (DRQ)?

As of Mon May 13 2024, market cap of Dril-Quip Inc is 662.25 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of DRQ stock?

You can check DRQ's fair value in chart for subscribers.

What is the fair value of DRQ stock?

You can check DRQ's fair value in chart for subscribers. The fair value of Dril-Quip Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Dril-Quip Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for DRQ so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Dril-Quip Inc a good stock to buy?

The fair value guage provides a quick view whether DRQ is over valued or under valued. Whether Dril-Quip Inc is cheap or expensive depends on the assumptions which impact Dril-Quip Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for DRQ.

What is Dril-Quip Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Mon May 13 2024, DRQ's PE ratio (Price to Earnings) is -30.53 and Price to Sales (PS) ratio is 1.49. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. DRQ PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Dril-Quip Inc's stock?

In the past 10 years, Dril-Quip Inc has provided -0.155 (multiply by 100 for percentage) rate of return.