What Did This CEO Just Do with Personal Shares of Dril-Quip (NYSE: DRQ)?

By Carrie Williams

Today, the President & CEO of Dril-Quip (DRQResearch Report), Blake Deberry, sold shares of DRQ for $189.2K.

In addition to Blake Deberry, 4 other DRQ executives reported Sell trades in the last month.

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Based on Dril-Quip’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $108 million and GAAP net loss of $1.31 million. In comparison, last year the company earned revenue of $93.26 million and had a GAAP net loss of $10.36 million. 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 431.15K.

The insider sentiment on Dril-Quip has been negative according to 44 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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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.