Large Outflow of Money Witnessed in Dril-Quip

Dril-Quip (DRQ) : The total money flow in Dril-Quip (DRQ) was negative ($2.57 million), showing the domination of sellers in the Friday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $5.88 million. Transactions on upticks were comparatively lower at $3.31 million. The uptick to downtick ratio was 0.56. The total block trades on downticks were valued at $2.65 million. The money flow during block trades was negative ($2.65 million) when the stock traded with a gain of $29 cent. Dril-Quip (DRQ) was $58, an increase of 0.5% over the previous days close.


Dril-Quip (DRQ) : 13 Wall Street analysts covering Dril-Quip (DRQ) believe that the average level the stock could reach for the short term is $60.69. The maximum price target given is $75 and the minimum target for short term is around $48, hence the standard deviation is calculated at $9.83.

Dril-Quip (NYSE:DRQ): On Fridays trading session , Opening price of the stock was $57.82 with an intraday high of $58.47. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $57.39. However, the stock managed to close at $57.59, a loss of 0.21% for the day. On the previous day, the stock had closed at $57.71. The total traded volume of the day was 456,291 shares.

In a related news, The Securities and Exchange Commission has divulged that Gariepy James A., (SR V.P. and COO) of Dril-Quip Inc, had unloaded 3,095 shares at an average price of $60.69 in a transaction dated on October 29, 2015. The total value of the transaction was worth $187,836.

Dril-Quip, Inc. designs, manufactures, sells and services engineered offshore drilling and production equipment. The Companys equipment is suited for use in deepwater, harsh environments and service applications. The Companys operates in Western Hemisphere, including North and South America; Eastern Hemisphere, including Europe and Africa and Asia-Pacific, including the Pacific Rim, Southeast Asia, Australia, India and the Middle East. It products include subsea equipment, surface equipment and offshore rig equipment. Its products are used to explore for oil and gas from offshore drilling rigs, such as floating rigs and jack-up rigs, and for drilling and production of oil and gas wells on offshore platforms, TLPs, Spars and moored vessels, such as FPSOs. Its services include technical advisory assistance services, reconditioning of its customer-owned products, and rental of running tools for installation and retrieval of its products.

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