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Dril-Quip Inc

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We view Dril-Quip as an attractive long-term investment based on its highly engineered offshore drilling and production equipment for deepwater severe-service applications and harsh environmental conditions. The equipment supplier is also in excellent financial health with a sustainable free cash flow. Dril-Quip’s first quarter 2017 earnings and revenue surpassed the Zacks Consensus Estimate. The outperformance was primarily favored by higher product bookings. However, the company’s price chart shows that it has lagged the broader industry in the last six months. During the aforesaid period, the company’s shares gained almost 4%, while the Zacks categorized Oil Field Machinery & Equipment industry improved 7%.


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