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DRQ - Dril-Quip's Valuation Remains Robust
December, 08 2020 07:17 PM
Dril-Quip Inc.
DRQ's Q3 revenue rose sequentially. Revenue may have hit a trough. Its Surface Technologies segment could rebound, but it remains a small percentage of overall revenue. Rising oil prices is bullish, yet it could take several quarters before Subsea gains traction. At 27x EBITDA DRQ appears fully valued. I rate the stock a hold. For further details see:
Dril-Quip's Valuation Remains Robust
Stock Information
Company Name:
Dril-Quip Inc.
Stock Symbol:
DRQ
Market:
NYSE
Website:
dril-quip.com
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