Evercore ISI Sticks to Its Buy Rating for Dril-Quip (DRQ)

By Austin Angelo

Evercore ISI analyst James West maintained a Buy rating on Dril-Quip (DRQResearch Report) on November 8 and set a price target of $53.00. The company’s shares closed last Monday at $45.23.

According to TipRanks.com, West is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -9.2% and a 34.6% success rate. West covers the Basic Materials sector, focusing on stocks such as Solaris Oilfield Infrastructure, Independence Contract Drilling, and Diamond Offshore Drilling.

Dril-Quip has an analyst consensus of Hold, with a price target consensus of $48.67.

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The company has a one-year high of $56.71 and a one-year low of $26.62. Currently, Dril-Quip has an average volume of 347.1K.

Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DRQ in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Dril-Quip, Inc. designs, manufactures, sells and services engineered offshore drilling and production equipment that is well suited for use in deepwater, harsh environment and severe service applications. Its products consist of subsea and surface wellheads, subsea and surface production trees, subsea control systems and manifolds, mudline hanger systems, specialty connectors and associated pipe, drilling and production riser systems, liner hangers, wellhead connectors and diverters which are used by major integrated, large independent and foreign national oil and gas companies in offshore areas throughout the world. The company was founded by Larry E. Reimert, Gary W. Loveless, Gary D. Smith and J. Mike Walker in 1981 and is headquartered in Houston, TX.