Drilling Tools International Co. (NASDAQ:DTI - Free Report) - Investment analysts at Sidoti Csr boosted their FY2024 earnings per share estimates for Drilling Tools International in a research note issued on Friday, February 21st. Sidoti Csr analyst S. Ferazani now anticipates that the company will earn $0.38 per share for the year, up from their previous estimate of $0.36. The consensus estimate for Drilling Tools International's current full-year earnings is $0.38 per share. Sidoti Csr also issued estimates for Drilling Tools International's Q4 2024 earnings at $0.01 EPS, Q1 2025 earnings at $0.08 EPS, Q3 2025 earnings at $0.11 EPS, Q4 2025 earnings at $0.12 EPS, FY2025 earnings at $0.42 EPS and FY2026 earnings at $0.47 EPS.
Separately, Alliance Global Partners cut their price target on Drilling Tools International from $7.50 to $5.50 and set a "buy" rating on the stock in a report on Friday, November 15th.
View Our Latest Analysis on DTI
Drilling Tools International Stock Performance
NASDAQ:DTI traded down $0.03 during trading hours on Monday, reaching $3.14. 18,073 shares of the stock were exchanged, compared to its average volume of 49,254. The company has a quick ratio of 0.99, a current ratio of 1.32 and a debt-to-equity ratio of 0.15. The firm has a 50 day simple moving average of $3.25 and a 200-day simple moving average of $3.52. Drilling Tools International has a 52 week low of $2.50 and a 52 week high of $6.36. The stock has a market capitalization of $111.76 million, a P/E ratio of 11.21, a P/E/G ratio of 0.90 and a beta of -0.86.
Institutional Trading of Drilling Tools International
Hedge funds and other institutional investors have recently modified their holdings of the business. Cresset Asset Management LLC bought a new position in Drilling Tools International during the fourth quarter valued at about $252,000. Geode Capital Management LLC boosted its holdings in Drilling Tools International by 31.5% during the third quarter. Geode Capital Management LLC now owns 209,808 shares of the company's stock valued at $783,000 after purchasing an additional 50,236 shares in the last quarter. Perritt Capital Management Inc acquired a new position in shares of Drilling Tools International in the 4th quarter worth approximately $114,000. Mariner LLC bought a new position in Drilling Tools International in the 4th quarter worth approximately $86,000. Finally, JPMorgan Chase & Co. increased its position in shares of Drilling Tools International by 114.6% in the 4th quarter. JPMorgan Chase & Co. now owns 43,441 shares of the company's stock valued at $142,000 after buying an additional 23,200 shares in the last quarter. Institutional investors and hedge funds own 2.79% of the company's stock.
Drilling Tools International Company Profile
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Drilling Tools International Corporation provides oilfield equipment and services to oil and natural gas sectors in North America, Europe, and the Middle East. It offers downhole tool rentals, machining, and inspection services to support the global drilling and wellbore construction industry. The company also provides products are bottom hole assembly components, such as stabilizers, subs, non-magnetic and steel drill collars, hole openers, and roller reamers, as well as drill pipe and drill pipe accessories; ancillary equipment and handling tools to support its rental platform, including float valves, ring gauges, tool baskets, lift bail, lift subs, mud magnets, elevators, bracket and bail assemblies, slips, tongs, stabbing guides and safety clamps; and blowout preventers, and pressure control accessory equipment.
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