Dril-Quip, Inc. (DRQ) News

Dril-Quip, Inc. (DRQ)

Today's Latest Price: $33.62 USD

1.90 (5.99%)

Updated Dec 4 7:00pm

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Ranked of 60 in Energy - Services

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Latest DRQ News From Around the Web

Below are the latest news stories about Dril-Quip Inc that investors may wish to consider to help them evaluate DRQ as an investment opportunity.

Dril-Quip Is Overvalued

Source: Offshore Energy Today I have been bearish cyclical names like Dril-Quip (NYSE:DRQ) for years. I believed the stimulus-driven economy could not prop up oil prices in perpetuity. At some point, demand would have to kick in to support oil prices. The coronavirus practically shut down business activity and caused...

Shock Exchange on Seeking Alpha | September 16, 2020

Dril-Quip, Inc. (DRQ) CEO Blake DeBerry Presents at JPMorgan 2020 Webinar - Earnings Call Transcript

Dril-Quip, Inc. (DRQ) JP Morgan 2020 Webinar July 31, 2020 11:00 ET Company Participants Blake DeBerry - President & Chief Executive Officer Raj Kumar - Chief Financial Officer Conference Call Participants Sean Meakim - JP Morgan Presentation Operator Welcome, and thank you all for standing by. I would like to...

SA Transcripts on Seeking Alpha | July 31, 2020

Dril-Quip, Inc. Announces Second Quarter 2020 Results

HOUSTON, July 30, 2020 (GLOBE NEWSWIRE) -- Dril-Quip, Inc. (NYSE: DRQ), (the “Company” or “Dril-Quip”) today reported operational and financial results for the second quarter of 2020.   Key highlights for the second quarter of 2020 included: * Generated $90.4 million of revenue on lower product volumes and leasing revenues, reflecting the continued impacts of the COVID-19 pandemic on global operations; * Reported second quarter net loss of $14.1 million, or $0.40 per share, an improvement of $5.6 million, or $0.15 per share, from the first quarter of 2020; * Recorded adjusted EBITDA of $6.0 million, or 6.7% of revenue; * Improved sequential net cash provided by operating activities by $24.3 million to $3.0 million increasing cash position to $345.8 million; * Completed approximate...

Yahoo | July 30, 2020

Dril-Quip, Inc. Schedules Second Quarter 2020 Earnings Release and Upcoming Webcast

HOUSTON, July 22, 2020 (GLOBE NEWSWIRE) -- Dril-Quip, Inc. (NYSE: DRQ), (the “Company” or “Dril-Quip”) announced today that it will release its second quarter 2020 earnings press release following the market close on Thursday, July 30, 2020. The Company will also be hosting a fireside chat webcast with Sean C. Meakim of J.P. Morgan on Friday, July 31, 2020 at 11:00 a.m. Eastern Time (10:00 a.m. Central Time). Blake DeBerry, Dril-Quip’s Chief Executive Officer, and Raj Kumar, Dril-Quip’s Vice President and Chief Financial Officer, will be discussing multiple topics regarding the Company’s recent financial performance, current operations and business outlook with Mr. Meakim. There will be no questions and answers from other participants during the event, but all stakeholders are welcome t...

Yahoo | July 22, 2020

We Think Dril-Quip (NYSE:DRQ) Can Easily Afford To Drive Business Growth

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...

Yahoo | July 16, 2020

Dril-Quip: COVID-19 Headwinds May Not Be Priced In

Source: Offshore Energy Today I have been bearish cyclical names like Dril-Quip (DRQ) for several years. My thesis was that the stimulus-driven economy would eventually falter, taking down oil services companies in the process. In my opinion, the coronavirus exposed a weakness in the economy that was already there. Thanks...

Shock Exchange on Seeking Alpha | July 9, 2020

Were Hedge Funds Right About Dumping Dril-Quip, Inc. (DRQ)?

The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]

Yahoo | July 1, 2020

Dril-Quip & Proserv to Boost Subsea Control System Offerings

Dril-Quip (DRQ) can offer subsea trees, while Proserv can provide subsea controls to clients through the joint marketing system.

Yahoo | June 25, 2020

Dril-Quip and Proserv announce strategic agreement

Dril-Quip (DRQ) announced strategic collaboration between Proserv Group, pursuant to which Dril-Quip will rely upon Proserv for the development and manufacturing of its subsea control systems as a supplier.The arrangement follows Dril-Quip’s strategic decision to consolidate the supply and development of control systems with a dedicated subsea controls provider.In addition, Proserv...

Seeking Alpha | June 24, 2020

Dril-Quip and Proserv Group Announce Strategic Agreement

Dril-Quip, Inc. (DRQ) (the “Company” or “Dril-Quip”) and Proserv Group (“Proserv”) today announced an agreement pursuant to which Dril-Quip will rely upon Proserv for the development and manufacturing of its subsea control systems as a supplier. The mutually beneficial arrangement allows Dril-Quip to continue to support its existing subsea controls customers with the support of Proserv. The arrangement follows Dril-Quip’s strategic decision to consolidate the supply and development of control systems with a dedicated subsea controls provider.

Yahoo | June 24, 2020



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