Brokerages Anticipate Dril-Quip, Inc. (NYSE:DRQ) to Post -$0.03 Earnings Per Share

Friday, 23 October 2020, 15:46:12
Equities research analysts predict that Dril-Quip, Inc. (NYSE:DRQ) will post earnings per share of ($0.03) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Dril-Quip’s earnings, with estimates ranging from ($0.06) to $0.05. Dril-Quip posted earnings of ($0.07) per share in the same quarter last year, which would indicate […]
— Transcript Daily

Morgan Stanley expects more mega-mergers in the oil industry. Here are the 11 deals the bank says are most likely.

Wednesday, 7 October 2020, 17:10:00
Summary List Placement Hammered by a collapse in oil prices, the energy industry is entering a new phase focused on returns, which is likely to bring a wave of consolidation, analysts at Morgan Stanley said in a note Wednesday. Deals could help US oil companies Exxon and Chevron diversify and build out their clean-energy assets, they said. “European peers have begun to reposition portfolios away from oil & gas production,” the analysts said in the note. “Majors in the US have been slower to adapt despite sharing similar advantages of scale. Focusing on M&A in the power sector, companies with renewable development capabilities could be particularly attractive alternatives to oil & gas.” Today, the energy industry remains fragmented, the analysts said, resulting in a recent spike in deals. Most notably, Chevron acquired Noble Energy in early October through a $5 billion all-stock deal, while shale giants Devon Energy and WPX Energy announced plans to merge in late September. Read more: Layoffs, bankruptcies, and dividend cuts: We’re tracking how 20 energy giants from Shell to Exxon are responding to the collapse in oil prices “M&A has picked up again and, largely for the first time in recent memory, been rewarded by the market,” Morgan Stanley said. “We expect that to continue.” The bank says future deals are most likely between companies focused on oil production, and among the largest integrated oil majors and smaller energy producers.
— Business Insider

Dril Quip : to Participate in Pareto Securities Energy Conference | MarketScreener

Monday, 14 September 2020, 23:13:33
HOUSTON, Sept. 14, 2020 — Dril-Quip, Inc. today announced Jeff Bird, President and Chief Operating Officer, will be participating at the Pareto Securities 27th Energy Conference on Wednesday,… | September 14, 2020
— MarketScreener

Dril-Quip (DRQ) Reports Next Week: What You Should Expect

Wednesday, 29 April 2020, 18:34:02
Dril-Quip (DRQ) doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
— Zacks Investment Research

Subsea Production Tree Market SWOT Analysis of Key Players- AkerSolutions, Schlumberger, Dril-Quip

Saturday, 19 October 2019, 08:51:00
Oct 19, 2019 (HTF Market Intelligence via COMTEX) — The Exploration study offers deep assessment of the Subsea Production Tree Market and helps market…
— MarketWatch