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 $21.52, up 2.77% from the previous day, and has decreased 2.84% in one year. It has underperformed other stocks in the Oil & Gas Equipment & Services industry by 0.1 percentage points. Dril Quip stock is currently +4.69% from its 52-week low of $20.56, and -40.14% from its 52-week high of $35.95.
There are currently 34.18M DRQ shares outstanding. The market cap of DRQ is $735.62M. In the last 24 hours, 173,022 DRQ shares were traded.
How to Buy Dril Quip Stock
Not sure how to invest in Dril Quip stock? Here's how.
- Choose where to buy Dril Quip stock: You need to pick a stock brokerage, but don't worry - we've analyzed dozens of online stock brokerages and apps to help you figure out where to buy Dril Quip stock.
- Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Deposit money your investment account: Choose your payment method and add your info.
- 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 research tools can help you figure out 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 shares at a given price.
- Get key alerts regarding your DRQ investment: Create a watchlist to keep track of your new investment in Dril Quip shares.
Step 1: Choose where to buy Dril Quip stock
You need an online brokerage account in order to access the NYSE market and buy DRQ shares.
Our recommended brokerage: eToro
Based on our analysis, eToro is the best place to buy stocks. Here's why:
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- Buy other financial assets: Such as ETFs and cryptos.
Get $10 towards your share purchase by opening an account with eToro now.
Open eToro AccountStep 2: Open your brokerage account
Now that you've chosen the best brokerage, you need to fill out some personal details so you can buy DRQ today.
How to Create a New Investment 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.
- Enter your personal data to create a new brokerage account.
- Submit your application by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit money your investment account
Now that you have opened your account on the best stock broker app, you need to deposit funds:
Watch the walkthrough below if you need help depositing funds into your new brokerage account.
Step 4: Analyze Dril Quip stock
Once you have decided on the best place to buy Dril Quip stock, it's crucial to evaluate their stock prior to investing, so you can understand the risk and opportunity.
Dril Quip stock quick numbers
Fundamentals of Dril Quip
WallStreetZen was built to help part-time investors perform more in-depth fundamental analysis in less time.
You can view all of the due diligence checks on DRQ's stock page.
Is DRQ stock properly valued?
Analysts use many financial metrics, analyses, models, and charts to gauge DRQ's fair value.
Using relative valuations metrics:
- DRQ may be undervalued based on its P/B ratio of 0.85x, 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 has cash burn of 42454000. It has sufficient cash and short-term investments to cover this for at least one year.
- DRQ has a low debt to equity ratio of 0.16.
- DRQ has $189.98M in cash and short term investments. This is enough to cover its annual cash burn of $42.45M.
- DRQ profit margin has gone up from -18.8% to -0.4% 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 1 Wall Street analysts who give ratings on DRQ, the consensus analyst rating on DRQ is a Strong 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 revenue was $394.53M. Over the last 5 year, DRQ's revenue has grown by -0.04% per year. This was slower than the Oil & Gas Equipment & Services industry average of 3.41%.
Dive into DRQ's earnings and revenue performance here.
Are DRQ executives and large shareholders buying or selling the stock?
Over the last 12 months, executives and large shareholders at DRQ have sold more shares than they have bought.
Donald M. Underwood, VP - Subsea Products of DRQ, was the latest DRQ insider to sell. They sold $60,389.78 worth of DRQ shares on Oct 28, 2023.
Dig into more about who owns DRQ shares here.
Can I get consistent income from DRQ stock?
No, Dril Quip doesn't provide an income stream by paying out dividends.
What others are saying about DRQ
One of the reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Execute your DRQ buy order
You have two main options:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are mostly fine for most investors. - Limit order: A limit order enables 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 specific price limit, use a limit order.
Hit the Open button and eToro will place your order.
If you need more assistance buying stocks on eToro, watch the how to video below:
Step 6: Get key alerts regarding your DRQ investment
Now that you own some DRQ shares, you'll want to stay up-to-date on your company.
Create a watchlist to get alerted to the latest events about your DRQ stock.
DRQ Feed
How to Buy Stock in Dril Quip
To reiterate, here are the 6 steps you need to take to buy Dril Quip stock right now:
- 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 are looking for a online brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to keep tabs on your investment in Dril Quip, create your watchlist below.
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