BidaskClub Downgrades Dril-Quip, Inc. (DRQ) to Strong Sell

Northwestern Mutual Investment Management Company LLC now owns 6,548 shares of the oil and gas company's stock valued at $383,000 after buying an additional 33 shares in the last quarter. TrimTabs Asset Management LLC increased its position in Dril-Quip by 89.1% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,216,122 shares of the oil and gas company's stock valued at $120,889,000 after buying an additional 167,173 shares during the last quarter. Finally, Amalgamated Bank increased its position in Dril-Quip by 3.0% in the first quarter. Advantus Capital Management Inc now owns 4,840 shares of the oil and gas company's stock worth $264,000 after buying an additional 170 shares during the period. LS Investment Advisors LLC now owns 3,014 shares of the oil and gas company's stock valued at $147,000 after buying an additional 450 shares during the last quarter. Finally, Neuburgh Advisers LLC boosted its position in Dril-Quip by 18.9% in the first quarter. Amalgamated Bank now owns 5,989 shares of the oil and gas company's stock worth $327,000 after buying an additional 176 shares during the period. Dril-Quip, Inc. has a 52-week low of $40.10 and a 52-week high of $69.40. About shares traded. Rexahn Pharmaceuticals, Inc. Company has a valuation of $1.53 B, a price to earnings ratio of 75.232 along with a stock beta of 0.63. The company's 50 day moving average price is $47.46 and its 200 day moving average price is $53.17.

Dril-Quip (NYSE:DRQ) last posted its earnings results on Friday, July 28th. The oil and gas company reported $0.09 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.03 by $0.06.

The stock of Dril-quip Incorporated (NYSE:DRQ) registered a decrease of 2.88% in short interest. The company's quarterly revenue was down 10.2% on a year-over-year basis. Next quarter's EPS is forecasted at $-0.05 and the next full year EPS is anticipated to be $0.32. Capital One Financial Corporation also issued estimates for Dril-Quip's Q4 2017 earnings at ($0.05) EPS, FY2017 earnings at $0.05 EPS, Q1 2018 earnings at ($0.08) EPS, Q2 2018 earnings at ($0.10) EPS, Q3 2018 earnings at ($0.04) EPS, Q4 2018 earnings at $0.00 EPS and FY2018 earnings at ($0.22) EPS.

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A number of equities analysts recently commented on the stock. BidaskClub lowered Dril-Quip from a "hold" rating to a "sell" rating in a research note on Thursday, July 27th. Scotiabank set a $61.00 price objective on shares of Dril-Quip and gave the company a hold rating in a research report on Monday, July 31st. Cowen and Company cut their price objective on shares of Dril-Quip from $55.00 to $43.00 and set a "market perform" rating for the company in a research report on Monday, July 31st. Barclays PLC lowered shares of Dril-Quip from an overweight rating to an equal weight rating and decreased their price target for the company from $77.00 to $57.00 in a research report on Monday, May 1st. (NYSE:DRQ) from a sell rating to a strong sell rating in a research note released on Thursday morning. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company's stock. Dril-Quip has an average rating of "Hold" and a consensus price target of $56.00. Moreover, Employees Retirement Association Of Colorado has 0% invested in Dril-Quip, Inc. The Business'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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