How to Buy Dril Quip Stock
Dril Quip Inc
Dril Quip is a oil & gas equipment & service company located in Texas, United States, which is part of the Energy sector, and is traded under the ticker DRQ on the NYSE exchange.
Dril Quip stock last closed at $18.18, down 6.86% from the previous day, and has decreased 33.65% in one year. It has underperformed other stocks in the Oil & Gas Equipment & Services industry by 0.55 percentage points. Dril Quip stock is currently +0% from its 52-week low of $18.18, and -41.22% from its 52-week high of $30.93.
There are currently 34.41M shares of DRQ outstanding. The market value of DRQ is $625.64M. In the last 24 hours, 338,281 DRQ shares were traded.
How to Buy Dril Quip Stock
Wondering how to invest in Dril Quip stock? Here's how.
- Choose where to buy Dril Quip stock: You need to decide on a stock brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you determine where to buy Dril Quip stock.
- Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit money your investment account: Pick your payment method and add your information.
- Analyze Dril Quip stock: The Dril Quip ticker symbol is DRQ. Is Dril Quip stock a good investment? Should you buy shares of DRQ? How do DRQ's underlying business fundamentals look? Do top analysts think Dril Quip is a good buy? Why has DRQ's stock price moved recently? (Hint: Our stock market research website can help you decide if DRQ is a good stock to buy).
- Execute your DRQ buy order: Decide if you will purchase DRQ shares at the current market price or use a limit order to purchase DRQ stock at a particular price.
- Get key alerts regarding your DRQ investment: Create a watchlist to get the latest news on your new investment in Dril Quip stock.
Step 1: Choose where to buy Dril Quip stock
You will need a brokerage account in order to access the NYSE market and buy DRQ shares.
Our recommended brokerage: eToro
Based on our experience, eToro is the best stock brokerage. eToro gives you:
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- Social investing: eToro boasts a community with more than 20 million users worldwide. Talk to, learn from, and copy the unique crypto portfolios of top investors.
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- Buy other assets: Such as ETFs and cryptos.
Get $10 towards your purchase of shares by creating an account with eToro today.
Open eToro AccountStep 2: Open your brokerage account
Now that you've selected your brokerage, you'll need to fill out some personal details so you are able to buy DRQ today.
How to Create a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal data to open your new trading account.
- Send your details by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit money your investment account
Now that you've opened your account on one of the best stock apps, you need to deposit funds:
Watch this video walkthrough to see the process of depositing money into your new brokerage account.
Step 4: Analyze Dril Quip stock
Once you have chosen the best place to buy Dril Quip stock, it's absolutely critical to analyze their stock prior to buying, so you truly understand the risk and upside.
Dril Quip quick stats
Dril Quip Due Diligence Checks
WallStreetZen was built to help part-time investors perform better fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on DRQ's stock page.
Is DRQ stock undervalued or overvalued?
Analysts use many financial metrics, analyses, models, and charts to gauge DRQ's true value.
Using relative valuations methods:
- DRQ could be overvalued based on its P/E ratio of 909x, relative to Oil & Gas Equipment & Services industry P/E ratio of 20.02x
- DRQ may be undervalued based on its P/B ratio of 0.71x, relative to Oil & Gas Equipment & Services industry P/B ratio of 2.62x
You can access additional valuation analysis on DRQ's stock here.
Is DRQ a healthy company?
Signs that DRQ is financially healthy:
- There are more short-term assets than long-term liabilities on the DRQ balance sheet.
- DRQ's operating cash flow of $7.73M allows it to safely service it's debt of $16.67M.
- DRQ has a low debt to equity ratio of 0.17.
- DRQ earnings of $5.28M is not sufficient to cover its interest payments.
- DRQ profit margin has gone up from -0.4% to 0.1% in the past year.
- There are more short-term assets than short-term liabilities on the DRQ balance sheet.
Signs that DRQ is not financially healthy:
- Total DRQ debt is higher than 5 years ago, relative to shareholder equity.
Is Dril Quip stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 2 Wall Street analysts who give ratings on DRQ, the consensus analyst rating on DRQ is a Sell
It's important to keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.
You can dive deeper into what analysts are projecting on the Dril Quip stock forecast page.
DRQ Technicals
Is DRQ Growing Revenue?
Last year, DRQ earnings were $604.00k. Over the last 4 year, DRQ's earnings have grown by -20.47% per year. This was slower than the Oil & Gas Equipment & Services industry average of 32.45%.
Last year, DRQ revenue was $424.06M. Over the last five year, DRQ's revenue has grown by 1.97% per year. This was slower than the Oil & Gas Equipment & Services industry average of 9.13%.
Find out more about DRQ's earnings and revenue performance here.
Latest Insiders Trades at DRQ
Over the last 12 months, insiders at DRQ have sold more shares than they have bought.
Jeffrey J. Bird, President CEO of DRQ, was the latest DRQ insider to sell. They sold $173,550.00 worth of DRQ stock on Apr 1, 2024.
Research more about who owns DRQ shares here.
Can I rely on DRQ as an income stream?
No, Dril Quip doesn't provide an income stream by paying out dividends.
DRQ Social Trading Data
One of the biggest reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Execute your DRQ buy order
You have two primary order types:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are generally fine. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a given dollar amount limit, place a limit order.
Click the Open Trade button and your broker will execute your order.
If you require more info about buying stocks on eToro, watch the helpful video below:
Step 6: Get key alerts regarding your DRQ investment
Now that you own some shares in DRQ, you'll want to keep up with your new investment.
Start a watchlist to get alerted to the latest events about your DRQ stock.
DRQ Feed
How to Buy Stock in Dril Quip
To summarize, here are the 6 steps to buy stock in Dril Quip:
- Choose where to buy Dril Quip stock
- Open your brokerage account
- Deposit money your investment account
- Analyze Dril Quip stock
- Execute your DRQ buy order
- Get key alerts regarding your DRQ investment
If you need a brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to keep track of your investment in Dril Quip, create a watchlist today.
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