Dril-Quip (NYSE:DRQ) Receives News Sentiment Score of 0.05

News headlines about Dril-Quip (NYSE:DRQ) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Dril-Quip earned a daily sentiment score of 0.05 on Accern’s scale. Accern also assigned news headlines about the oil and gas company an impact score of 94 out of 100, meaning that recent media coverage is extremely likely to have an effect on the company’s share price in the next few days.

These are some of the headlines that may have effected Accern’s scoring:

Shares of Dril-Quip (NYSE DRQ) traded down 11.67% during midday trading on Friday, hitting $45.40. The stock had a trading volume of 1,440,322 shares. Dril-Quip has a 12-month low of $45.35 and a 12-month high of $69.40. The stock has a 50-day moving average price of $49.90 and a 200-day moving average price of $54.56. The stock has a market cap of $1.71 billion, a P/E ratio of 84.39 and a beta of 0.65.

Dril-Quip (NYSE:DRQ) last issued its earnings results on Friday, July 28th. The oil and gas company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.06. Dril-Quip had a net margin of 11.51% and a return on equity of 3.65%. The business had revenue of $127.90 million for the quarter, compared to analyst estimates of $112.12 million. During the same period in the previous year, the business earned $0.96 EPS. The firm’s revenue was down 10.2% on a year-over-year basis. Equities analysts forecast that Dril-Quip will post $0.19 earnings per share for the current year.

DRQ has been the topic of a number of recent analyst reports. 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 Dril-Quip from a “sell” rating to a “hold” rating in a report on Tuesday, May 2nd. BidaskClub raised Dril-Quip from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Finally, Piper Jaffray Companies set a $43.00 price target on Dril-Quip and gave the company a “hold” rating in a report on Saturday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $60.75.

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About Dril-Quip

Dril-Quip, Inc (Dril-Quip) designs, manufactures, sells and services engineered drilling and production equipment. The Company’s operations are organized into three geographic segments: Western Hemisphere, including North and South America, headquartered in Houston, Texas; Eastern Hemisphere, including Europe and Africa, headquartered in Aberdeen, Scotland, and Asia-Pacific, including the Pacific Rim, Southeast Asia, Australia, India and the Middle East, headquartered in Singapore.

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