Stock To Watch: Dril-Quip, Inc. (NYSE:DRQ)


The leading market experts have placed a mean price target of $60.36 on Dril-Quip, Inc. (NYSE:DRQ) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.55 a share for the upcoming quarter and $2.59 for the current fiscal. Technical View The technical analysis of Dril-Quip, Inc. Common Stock plainly substantiates that the 50-day moving average of Dril-Quip, Inc. Common Stock is $59.45, and stock is hovering -3.92 or -6.59% distant from $59.45. It is noted that the 200-day MA is $58.09, and Dril-Quip, Inc. Common Stock stock is $-2.56 or -4.41% off from this point. Dril-Quip, Inc. (NYSE:DRQ) 52-week high is $69.43 and the 52-week low is $48.88. This explains if the stock moves $-13.90, it will post a 52-week high. In event of $+13.60% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Dril-Quip, Inc. Common Stock, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Dril-Quip, Inc. (NYSE:DRQ) ratio came in at 12.15. The stock last ended the trading session at $55.53 and registered a market cap of $2.11B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Dril-Quip, Inc. (NYSE:DRQ) PEG ratio is at -0.81.

1 Chart Pattern Every Investor Should Know

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