Dril Quip traded at $24.40 this Wednesday March 25th, decreasing $0.33 or 1.33 percent since the previous trading session. Looking back, over the last four weeks, Dril Quip lost 8.41 percent. Over the last 12 months, its price rose by 34.73 percent. Looking ahead, we forecast Dril Quip to be priced at 23.67 by the end of this quarter and at 21.60 in one year, according to Trading Economics global macro models projections and analysts expectations.
Dril-Quip, Inc. (Dril-Quip) designs, manufactures, sells and services engineered drilling and production equipment, which is suited primarily for use in deepwater, harsh environment and severe service applications. The Company’s principal products consist of subsea and surface wellheads, subsea and surface production trees, mudline hanger systems, specialty connectors and associated pipe, drilling and production riser systems, liner hangers, wellhead connectors, diverters and safety valves. The Company operates through three 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.