12/8/2023 0 Comments Dril quip stock![]() ![]() From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. OII anticipates results to improve in the second quarter on a consolidated basis, with quarterly EBITDA forecast between $50 and $70 million on higher revenues.įrom thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. The total debt-to-total capital was 58.3%. As of Mar 31, 2022, Oceaneering had cash and cash equivalents worth $438 million and long-term debt of $701.8 million. (DRQ) Stock Price, News, Quote & History - Yahoo Finance DRQ - Dril-Quip, Inc. The capital expenditure in the first quarter, including acquisitions, summed at $19.3 million. The outperformance was largely due to strong results in certain segments. Oceaneering International OII reported a first-quarter 2022 adjusted loss of 6 cents per share, narrower than the Zacks Consensus Estimate of a loss of 10 cents. ![]() Dril-Quip (DRQ) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank 2 (Buy). Chevron paid out $2.7 billion in dividends and bought back $1.3 billion worth of its shares. What Makes Dril-Quip (DRQ) a New Buy Stock Zacks - Tue Apr 11, 11:00AM CDT. The strong quarterly earnings were driven by higher realizations of commodity prices.īP's net debt, including leases, was $36,129 million at the end of the first quarter versus $42,380 million in the prior-year quarter. BP announced plans to execute a $2.5-billion share buyback, which is expected to complete before reporting the second-quarter results.Ĭhevron Corporation CVX reported first-quarter adjusted earnings per share of $3.36, missing the Zacks Consensus Estimate of $3.44 on weaker-than-expected performance from the downstream segment.Īs of Mar 31, Chevron had $11.7 billion in cash and cash equivalents, and total debt of $29.3 billion, with a debt-to-total capitalization of 16.7%. Volume, 254,186, Change Intraday High, 24.96, 52 Week High Intraday Low, 23.1, 52 Week Low Todays Open, 23.16, Currency Previous Close, 23.17, Exchange. The bottom line beat the Zacks Consensus Estimate of earnings of $1.41 per share. Recent ReleasesīP plc BP reported first-quarter 2022 adjusted earnings of $1.92 per American Depositary Share on a replacement-cost basis, excluding non-operating items. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. The Zacks Rank #3 (Hold) company projects total capital expenditure of $15-$17 million for the year. Guidanceįor 2022, Dril-Quip revised its expectation of product bookings upward to $60-$80 million from the prior projection of $40-$60 million. The company’s balance sheet is free of debt load, which highlights a sound financial position. As of Mar 31, 2022, its cash balance was $338 million. ![]()
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