Docoh
Loading...

DRQ Dril-Quip

Dril-Quip, Inc. designs, manufactures, sells and services engineered offshore drilling and production equipment. Its products consist of subsea and surface wellheads, subsea and surface production trees, subsea control systems and manifolds, mudline hanger systems, specialty connectors and associated pipe, drilling and production riser systems, liner hangers, wellhead connectors and diverters which are used by major integrated, large independent and foreign national oil and gas companies in offshore areas throughout the world. The company was founded by Larry E. Reimert, Gary W. Loveless, Gary D. Smith and J. Mike Walker in 1981 and is headquartered in Houston, TX.

Company profile

DRQ stock data

(
)

Calendar

25 Feb 21
11 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Dril-Quip earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 345.96M 345.96M 345.96M 345.96M 345.96M 345.96M
Cash burn (monthly) 4.41M 4.42M 3.88M 5.3M 5.6M 1.76M
Cash used (since last report) 14.86M 14.9M 13.07M 17.87M 18.87M 5.93M
Cash remaining 331.09M 331.06M 332.88M 328.09M 327.08M 340.03M
Runway (months of cash) 75.2 75.0 85.9 61.9 58.5 193.5

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Apr 21 Jupp Terence Bartlett Common Stock Grant Aquire A No No 0 846 0 38,689
1 Apr 21 Lovoi John Common Stock Grant Aquire A No No 0 869 0 53,715
1 Apr 21 Newman Steven L Common Stock Grant Aquire A No No 0 705 0 31,181
1 Apr 21 Schwetz Amy B Common Stock Grant Aquire A No No 0 705 0 13,006
1 Apr 21 Blake T. DeBerry Common Stock Sell Dispose S No Yes 32.96 10,000 329.6K 265,882

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

13F holders
Current Prev Q Change
Total holders 176 170 +3.5%
Opened positions 35 25 +40.0%
Closed positions 29 38 -23.7%
Increased positions 49 46 +6.5%
Reduced positions 63 69 -8.7%
13F shares
Current Prev Q Change
Total value 1.08B 896.92M +19.9%
Total shares 36.3M 36.22M +0.2%
Total puts 81.8K 105.4K -22.4%
Total calls 35.1K 12.1K +190.1%
Total put/call ratio 2.3 8.7 -73.2%
Largest owners
Shares Value Change
BLK Blackrock 5.51M $163.11M +4.5%
Kayne Anderson Rudnick Investment Management 3.82M $113.07M +3.4%
Vanguard 3.77M $111.66M -1.2%
Alliancebernstein 2.77M $81.97M +7.1%
Dimensional Fund Advisors 1.95M $57.9M -2.6%
TROW T. Rowe Price 1.39M $41.29M -20.5%
Fisher Asset Management 1.37M $40.45M -0.2%
STT State Street 1.3M $38.54M +4.6%
MCQEF Macquarie 987.81K $29.26M -0.3%
NTRS Northern Trust 961.3K $28.47M +0.3%
Largest transactions
Shares Bought/sold Change
Segall Bryant & Hamill 593.79K +593.79K NEW
Channing Capital Management 0 -379.26K EXIT
Norges Bank 370.51K +370.51K NEW
TROW T. Rowe Price 1.39M -359.31K -20.5%
GW&K Investment Management 200.85K -333.23K -62.4%
BK Bank Of New York Mellon 425.53K -313.55K -42.4%
Brandes Investment Partners 280.61K +280.61K NEW
BLK Blackrock 5.51M +236.76K +4.5%
Citadel Advisors 19.6K -218.06K -91.8%
Alliancebernstein 2.77M +183.61K +7.1%

Financial report summary

?
Risks
  • The outbreak of COVID-19 and developments in the global oil markets have had, and may continue to have, material adverse consequences for general economic, financial and business conditions, and could materially and adversely affect our business, financial condition, results of operations and liquidity and those of our customers, suppliers and other counterparties.
  • A material or extended decline in expenditures by the oil and gas industry could significantly reduce our revenue and income.
  • We may not be able to satisfy technical requirements, testing requirements or other specifications under contracts and contract tenders.
  • We may be unable to successfully compete with other manufacturers of drilling and production equipment.
  • Our customers’ industries are undergoing continuing consolidation that may impact our results of operations.
  • Increases in the cost of raw materials and energy used in our manufacturing processes could negatively impact our profitability.
  • Our business involves numerous operating hazards that may not be covered by insurance. The occurrence of an event not fully covered by insurance could have a material adverse effect on our results of operations, financial position and cash flows.
  • Our international operations expose us to instability and changes in economic and political conditions and other risks inherent to international business, which could have a material adverse effect on our results of operations, financial position or cash flows.
  • Loss of our key management or other personnel could adversely impact our business.
  • The overall timing and level of transition of the global energy sector from fossil-based systems of energy production and consumption to more renewable energy sources could adversely affect our business.
  • We rely on technology provided by third parties and our business may be materially adversely affected if we are unable to renew our licensing arrangements with them.
  • The loss of a significant customer could have an adverse impact on our financial results.
  • We depend on third-party suppliers for timely deliveries of raw materials, and our results of operations could be adversely affected if we are unable to obtain adequate supplies in a timely manner.
  • Conditions in the global financial system may have impacts on our business and financial position that we currently cannot predict.
  • We are exposed to the credit risks of our customers, and a general increase in the nonpayment and nonperformance by customers could have an adverse impact on our cash flows, results of operations and financial condition.
  • Impairment in the carrying value of long-lived assets, inventory, intangible assets and goodwill could negatively affect our operating results.
  • Our excess cash is invested in various financial instruments which may subject us to potential losses.
  • We may lose money on fixed-price contracts.
  • We may be required to recognize a charge against current earnings because of over time method of accounting.
  • Restrictions in the agreement governing the Asset Backed Loan (ABL) Credit Facility could adversely affect our business, financial condition and results of operations.
  • Our international operations require us to comply with a number of U.S. and foreign regulations governing the international trade of goods, services and technology, which expose us to compliance risks.
  • We are subject to taxation in many jurisdictions and there are inherent uncertainties in the final determination of our tax liabilities.
  • Our operations and our customers’ operations are subject to a variety of governmental laws and regulations that may increase our costs, limit the demand for our products and services or restrict our operations.
  • Our businesses and our customers’ businesses are subject to environmental laws and regulations that may increase our costs, limit the demand for our products and services or restrict our operations.
  • Our business is subject to complex and evolving U.S. and foreign laws and regulations regarding privacy and data protection.
  • Our business could be adversely affected if we do not develop new products and secure and retain patents related to our products.
  • Our business could be adversely affected by a failure or breach of our information technology systems.
  • The market price of our common stock may be volatile.
  • Provisions in our corporate documents and Delaware law could delay or prevent a change in control of the Company, even if that change would be beneficial to our stockholders.
Management Discussion
  • Item 7.        Management’s Discussion and Analysis of Financial Condition and Results of Operations
  • For a discussion of our results of operations for the year ended December 31, 2019 compared to the year ended December 31, 2018, see "Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations - Results of Operations" in our Annual Report on Form 10-K for the year ended December 31, 2019.
  • Dril-Quip designs, manufactures, sells and services highly engineered drilling and production equipment that is well suited primarily for use in deepwater, harsh environment and severe service applications. The Company’s principal products consist of subsea and surface wellheads, subsea and surface production trees, mudline hanger systems, specialty connectors and associated pipe, drilling and production riser systems, liner hangers, wellhead connectors, diverters and safety valves. Dril-Quip's products are used by major integrated, large independent and foreign national oil and gas companies and drilling contractors throughout the world. Dril-Quip also provides technical advisory assistance on an as-requested basis during installation of its products, as well as rework and reconditioning services for customer-owned Dril-Quip products. In addition, Dril-Quip's customers may rent or purchase running tools from the Company for use in the installation and retrieval of the Company’s products.
Content analysis
?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
New words: accidental, aggravate, Aid, amplify, appointee, Asian, automatic, avoid, awaiting, begun, behavior, benchmark, benchmarking, Biden, birth, Black, border, built, carbon, career, cascading, certainty, citizen, cleaning, closer, coaching, collaboration, collaborative, commonly, contact, cooperation, core, County, coupled, dedicated, defend, demonstrate, demonstrated, deployment, disability, disinfecting, dismemberment, dispute, distancing, District, dominant, dramatic, driver, DXe, earlier, ease, emotional, employer, empowered, entrepreneurial, ethnicity, eventual, exacerbated, factor, feedback, felt, female, FICA, foster, Fostering, foundation, freely, freight, globe, goal, greatest, guiding, half, healthy, Hispanic, history, home, hospital, HSE, HXT, ill, injunctive, innovative, interact, interaction, interface, Interior, internship, invariably, job, justice, knowledge, lawsuit, leader, leadership, learned, lender, linking, male, mandating, mandrel, match, Medicare, mentoring, midcentury, milestone, misappropriation, moratorium, Murphy, navigate, nil, NOL, nurturing, officially, online, organizational, orientation, oscillated, output, pandemic, paragraph, Parental, Parliament, passively, pause, penetration, people, permanent, posture, preceding, predominantly, priority, proactive, proactively, proper, proposition, Proserv, pulse, quarantine, recession, recommend, reconsideration, recruit, recruiting, reentered, reimposed, resume, retention, rich, Richard, rolling, sacrificing, safe, sanitization, Scotand, Scottish, seamed, sense, Shortly, situation, slight, slowdown, solar, solution, speed, spirit, Spotlight, spread, stabilization, stabilize, staggered, staggering, stagnant, stronger, styled, sued, superior, talent, TCA, telephone, temporarily, tenure, thing, today, tracked, trained, training, trust, turnover, underpinned, underrepresented, Unlimited, unprecedented, upcomimg, valuable, vigorously, vision, VXTe, wear, week, White, widespread, wind, withdrawn, withheld, witnessed, workshop, wrote, XPak
Removed: Alliance, ca, center, concentration, description, drop, earliest, easily, fiber, Harcourt, hub, Hungary, likelihood, lived, macroeconomic, main, manifold, minimum, module, Mubadala, multiplex, Nigeria, objective, OilPatch, opening, optic, oversupply, packaged, PetroVietnam, prepare, PVEP, Repsol, restated, retrospective, Rong, stand, strain, suitable, Szolnok, TTR, unabsorbed, updated, Vietnam, weakening, withdrawal