Latest Dril-Quip (DRQ) Headlines Subsea Product
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Subsea Production & Processing Systems Market, 2018: Umbilicals, Risers, Flowlines, Trees, Control Modules & Manifolds
M2 - Wed Mar 12, 10:30AM CDT
Research and Markets (http://www.researchandmarkets.com/research/vgshp2/subsea_production) has announced the addition of the "Subsea Production & Processing Systems Market by Technology/Components, Types, & Geography - Global Trends & Forecast to 2018" report to their offering. The subsea production systems market is worth nearly $17.0 billion in 2013 and is estimated to reach over $22.6 billion by 2018 The offshore oil & gas market continues to grow at an increasing pace, as oil & gas operators continue to discover reserves in deeper water areas where subsea development is highly required to make the recovery economically viable. As such, the requirement for maintaining and boosting recovery rates from these subsea wells has increased and will continue to do so. As a result of this, need to maintain and boost production, subsea production, and processing systems is anticipated to play a key role in the future of the offshore oil & gas market. The factors mentioned above drive the growth of the global subsea production and processing systems market. It is estimated to reach $24.6 billion by 2018, with a CAGR of 6.0% from 2013 to 2018. The increasing demand for energy is the major growth driver for this industry. This increased demand forces the oil & gas field operators to explore newer hydrocarbons reserves. These explorations of new reserves require a lot of drilling activities (that has increased by about 3.0% across the globe from 2011 to 2012) that in turn drive the growth of the subsea production and processing systems market. The global subsea production systems market is segmented into four types of technologies/components. These are subsea umbilical risers & flowlines, subsea trees, control modules, and subsea manifolds. On the other side, the global subsea processing systems are used to increase and enhance the hydrocarbon production. The subsea processing systems are of four types, namely boosting, injection, separation, and compression. These systems are also termed as subsea pumping systems based upon its functionality. The governmental rules and regulation policies related to the usage of different types of technologies into the subsea operations are getting stringent day-by-day, which increases the need for better and new technological innovations and increased efficiency of the production systems. The subsea production and processing systems market is dominated by a few leading industry players owing to their technological advantage, brand value, and strong financial positions. This trend is expected to continue over the next five years as well with the emergence of some small regional market players Key Topics Covered: 1 Introduction 2 Executive Summary 3 Market Overview 4 Industry Analysis 5 Subsea Production Systems Market, By Technology/Component 6 Subsea Production Systems Market, By Geography 7 Subsea Processing Systems: Market Analysis 8 Competitive Landscape 9 Company Profiles Companies Mentioned - Abb - Aibel As - Aker Solutions - Bornemann - Cameron - Dril-Quip Inc. - Fmc Technologies Inc. - General Electric Co. - Helix Energy Solutions Group Inc. - Isleburn - Kongsberg Oil & Gas Technologies As - Magnum Subsea Systems Pte Ltd. - National Oilwell Varco - Nexans Sa - Oceaneering International Inc. - Proserv - Prysmian Group - Siemens Ag - Sulzer - Technip - Transicon Ltd. - Transocean Ltd. - Vallourec For more information visit http://www.researchandmarkets.com/research/vg...production
Dril-Quip Beats on Earnings, Revs Lag Ests - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Mar 03, 8:00AM CST
Dril-Quip Inc.'s share price, up 8.2% on the day it released its fourth-quarter 2013 results, reflect the positive sentiment of the market.
NYSE stocks posting largest percentage increases
AP - Fri Feb 28, 5:03PM CST
NEW YORK (AP) — A look at the 10 biggest percentage gainers on New York Stock Exchange at the close of trading:
Why Central European Media, China Ming Yang Wind Power, and Dril-Quip Are Today's 3 Best Stocks
Sean Williams, The Motley Fool - Motley Fool - Fri Feb 28, 4:15PM CST
It appeared as if mixed economic data was going to do the trick and send the broad-based S&P 500 to a huge gain; but, once again, the curse of the housing data struck, and sent the market only modestly higher after big early morning gains. ...
Why Shares of Dril-Quip, Inc. Jumped Today
Travis Hoium, The Motley Fool - Motley Fool - Fri Feb 28, 4:12PM CST
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis. What: Shares of drilling service company Dril-Quip, ...
Shares of DRQ Down 9.8% Since Downtrend Call on Shares
Comtex SmarTrend(R) - Fri Feb 28, 9:59AM CST
SmarTrend identified a Downtrend for Dril-Quip (NYSE RQ) on November 12th, 2013 at $112.59. In approximately 4 months, Dril-Quip has returned 9.76% as of today's recent price of $101.60.
Dril-Quip, Inc. Announces Results For Fourth Quarter And Year End 2013
PR Newswire - Fri Feb 28, 6:30AM CST
Dril-Quip, Inc. (NYSE: DRQ) today announced net income of $47.1 million, or $1.15 per diluted share, for the three months ended December 31, 2013, versus net income of $31.0 million, or $0.76 per diluted share, for the fourth quarter of 2012. The fourth quarter 2013 results were unfavorably impacted by an after-tax foreign exchange loss of $2.3 million, or $0.06 per diluted share, as compared to an after-tax foreign exchange loss of $0.7 million, or $0.02 per diluted share, during the fourth quarter of 2012. Total revenues were $232.5 million during the quarter ended December 31, 2013 compared to $188.5 million for the same period in 2012, an increase of $44.0 million or approximately 23%. The increase in revenues resulted from increased product revenues of $40.5 million and increased service revenues of $3.5 million.
Will Dril-Quip, Inc. (DRQ) Disappoint This Earnings Season? - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Feb 27, 2:40PM CST
Offshore drilling equipment maker, Dril-Quip, Inc. is slated to report fourth-quarter 2013 earnings on Mar 3, 2014.
Dril-Quip Has Returned 12.1% Since SmarTrend Recommendation (DRQ)
Comtex SmarTrend(R) - Fri Feb 21, 9:32AM CST
SmarTrend identified a Downtrend for Dril-Quip (NYSE RQ) on November 12th, 2013 at $112.59. In approximately 3 months, Dril-Quip has returned 12.11% as of today's recent price of $98.95.
Dril-Quip IncCorporate Event Announcement Notice
Wall Street Horizon - Thu Feb 20, 8:05PM CST
Sofame Technologies Inc. (TSXV: SDW) (OTC.PK: SFMGF), a leading manufacturer of environmentally efficient industrial water heaters and cost effective heat recovery systems for traditional boilers, is raising $85,000 to close-out its $250,000 objective via the issue of a non-brokered private placement of units at a price of $0.02 per unit.Each unit is comprised of one common share and a twelve-month purchase warrant for half of one common share at $0.05 cents.$165,000 of units has been sold so far in tranches of $5,000, with shares subject to a 12-month hold period.Proceeds of the funding are being applied to specific outstanding trade debts, interest, taxes and government liabilities. The private placement is subject to the TSX Venture Exchange's Notice to Issuers dated August 17, 2012, regarding Temporary Relief from Certain Pricing Requirements.Under the rules and regulations of the bulletin, the Company is in the process of providing TSXV with information and documentation to support TSXV'
FMC Tech Earnings Thrive on Improved Segments - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Fri Feb 07, 11:20AM CST
FMC Technologies reported stellar fourth quarter results. Improvement in all the segments contributed to the outperformance
Can Profire Energy (PFIE) Continue to Surge? - Tale of the Tape
Zacks Equity Research - Zacks Investment Research - Thu Feb 06, 7:55AM CST
Profire Energy has seen its Zacks Rank move up from Neutral to Strong Buy over the past four weeks
2013 Report on the Global Subsea Power Grid System Market - Trends & Forecast To 2018
M2 - Fri Jan 17, 9:32AM CST
Research and Markets (http://www.researchandmarkets.com/research/4txsss/subsea_power_grid) has announced the addition of the "2013 Report on the Global Subsea Power Grid System Market - Trends & Forecast To 2018" report to their offering. This report covers the subsea global power grid system market including a look at various components of the subsea power grid system, types of power supply sources, and other related segments. It studies the extent of end use of subsea power grid solutions in different application areas with respect to different regions. It also analyses the market with respect to drivers, opportunities, and winning imperatives related to the industry. The qualitative analysis of subsea power grid system - with respect to its concept, components, technology, innovations, and power supply sources - is in-depth and conclusive. It discusses components such as cables, variable speed drives (VSDs), transformers, switchgears, others; and power supply sources such as captive generation, wind power, and others. Subsea power grids system are gaining worldwide importance as the oil field operators are heading towards deep and ultra deep waters for the hunt of oil and gas. In these deep waters a continuous power supply source is required in order to keep equipments running. Furthermore, the shifting focus towards renewable energy generation is also triggering companies to generate energy from renewable sources such as offshore wind power, tidal power, and solar power. Key Topics Covered: 1 Introduction 2 Executive Summary 3 Premium Insights 4 Market Overview 5 Subsea Power Grid System Market, By Components 6 Subsea Power Grid System Market, By Power Supply 7 Subsea Power Grid System Market, By Geography 8 Competitive Landscape 9 Company Profiles Companies Mentioned: - ABB Ltd - Aker Solutions ASA - Bandak Group AS - Cameron International Corp - Dril-Quip Inc - Expro International Group Holdings Limited - FMC Technologies Inc - General Electric Co - JDR Cable Systems (Holdings) Ltd - Nexans SA - Norddeutsche Seekabelwerke Gmbh (NSW) - Oceaneering International Inc - Parker Hannifin Corporation - Prysmian Group - SIEM Offshore Contractors - Schlumberger Limited - Siemens AG - Technip SA For more information visit http://www.researchandmarkets.com/research/4t...power_grid
Downgrade Alert for Dril-Quip (DRQ)
Comtex SmarTrend(R) - Mon Jan 13, 8:06AM CST
Dril-Quip (NYSE RQ) was downgraded from Strong Buy to Buy at ISI Group today. The stock closed yesterday at $108.27 on volume of 407,000 shares, above average daily volume of 280,000. In the past 52 weeks, Dril-Quip share prices have been bracketed by a low of $75.36 and a high of $121.07 and closed yesterday at $108.27, 44% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.9% while the 200-day MA has risen 0.5%.
Dril-Quip Moves Up In Market Cap Rank, Passing Leggett & Platt
TheOnlineInvestor.com - Thu Jan 09, 3:42PM CST
In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Dril-Quip, Inc. was identified as having a larger market cap than the smaller end of the S&P 500, for example Leggett & Platt, Inc.
Zacks Industry Outlook Highlights: Chevron, Harvest Natural Resources, Abraxas Petroleum, Dril-Quip and Halliburton
PR Newswire - Fri Jan 03, 8:30AM CST
Today, Zacks Equity Research discusses the Oil & Gas , including Chevron Corp. (NYSE:CVX-Free Report), Harvest Natural Resources Inc. (NYSE:HNR-Free Report), Abraxas Petroleum Corp. (Nasdaq:AXAS-Free Report), Dril-Quip Inc. (NYSE RQ-Free Report) and Halliburton Co. (NYSE:HAL-Free Report).