Dril-Quip (DRQ) Shares are Up 8.53%

Dril-Quip (DRQ) : Traders are bullish on Dril-Quip (DRQ) as it has outperformed the S&P 500 by a wide margin of 1.01% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 8.35%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 8.53% in the last 1 week, and is up 0.47% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 4.81% and the 50-Day Moving Average is 0.97%.The 200 Day SMA reached 3.02%

Dril-Quip

Dril-Quip (NYSE:DRQ): After opening at $55.3, the stock dipped to an intraday low of $54.75 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $56.105 and the buying power remained strong till the end. The stock closed at $55.74 for the day, a gain of 1.75% for the day session. The total traded volume was 598,806. The stocks close on the previous trading day was $55.74.

Dril-Quip (DRQ) : Average target price received by Dril-Quip (DRQ) is $61 with an expected standard deviation of $10.65. The most aggressive target on the stock is $75, whereas the most downbeat target is $45. 10 financial analysts are currently covering the stock.

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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