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


The leading market experts have placed a mean price target of $57.92 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 $0.34 a share for the upcoming quarter and $2.20 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 $56.44, and stock is trading $-0.72 points away or -1.28% from its 50-day moving average of $56.44. Further it is trading $-2.90 or -4.95% away its 200-day moving average of $58.62. Dril-Quip, Inc. (NYSE:DRQ) 52-week high is $68.69 and the 52-week low is $48.88.

This explains if the stock moves $-12.97, it will post a 52-week high. In event of +13.99% 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 12.31.

The stock last ended the trading session at $55.72 and registered a market cap of $2.09B. 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 -0.55.

1 Chart Pattern Every Investor Should Know

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