Drilling Tools International (DTI) Stock Price, News & Analysis

Company Overview

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. In addition, it offers tool rental services, which consists of rental, inspection, machining, and repair services; rents downhole drilling tools used in horizontal and directional drilling of oil and natural gas; rents kellys, pip joints, work strings; maintains a fleet of rental equipment consisting of drill collars, stabilizers, crossover subs, wellbore conditioning tools, drill pipe, hevi-wate drill pipe, and tubing; rents surface control equipment, such as blowout preventers and handling tools; and provides downhole products for producing wells. Drilling Tools International Corporation is headquartered in Houston, Texas.

Key Stats

• Today's Range: $3.10 to $3.27
• 50-Day Range: $3.15 to $3.66
• 52-Week Range: $2.43 to $6.36
• Volume: 102,910 shs
• Average Volume: 50,163 shs
• Market Capitalization: $109.32 million
• P/E Ratio: 11.25
• Dividend Yield: N/A
• Price Target: $4.25
• Consensus Rating: Moderate Buy

Drilling Tools International Stock Analysis - MarketRank™

Drilling Tools International scored higher than 57% of companies evaluated by MarketBeat, and ranked 160th out of 272 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Drilling Tools International has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Drilling Tools International has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 5.26%

Earnings Growth

Earnings for Drilling Tools International are expected to grow by 5.26% in the coming year, from $0.38 to $0.40 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Drilling Tools International is 11.25, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.29.

Price to Earnings Ratio vs. Sector

The P/E ratio of Drilling Tools International is 11.25, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 12.15.

Price to Earnings Growth Ratio

Drilling Tools International has a PEG Ratio of 1.04. PEG Ratios around 1 indicate that a company is correctly valued.

Price to Book Value per Share Ratio

Drilling Tools International has a P/B Ratio of 1.06. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

3.08% of the float of Drilling Tools International has been sold short.

Short Interest Ratio / Days to Cover

Drilling Tools International has a short interest ratio ("days to cover") of 6.4.

Change versus previous month

Short interest in Drilling Tools International has recently increased by 14.34%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Drilling Tools International does not currently pay a dividend.

Dividend Growth

Drilling Tools International does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.08% of the float of Drilling Tools International has been sold short.

Short Interest Ratio / Days to Cover

Drilling Tools International has a short interest ratio ("days to cover") of 6.4.

Change versus previous month

Short interest in Drilling Tools International has recently increased by 14.34%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: N/A
• News Sentiment: N/A

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Drilling Tools International insiders have not sold or bought any company stock.

Percentage Held by Insiders

14.68% of the stock of Drilling Tools International is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 2.79% of the stock of Drilling Tools International is held by institutions.

DTI Stock Analysis - Frequently Asked Questions

How have DTI shares performed this year?

Drilling Tools International's stock was trading at $3.20 at the beginning of the year. Since then, DTI stock has decreased by 1.6% and is now trading at $3.15.
View the best growth stocks for 2024 here.

How were Drilling Tools International's earnings last quarter?

Drilling Tools International Co. (NASDAQ:DTI) issued its earnings results on Thursday, May, 9th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by $0.02. The company had revenue of $36.97 million for the quarter. Drilling Tools International had a trailing twelve-month return on equity of 15.38% and a net margin of 5.46%.

Who are Drilling Tools International's major shareholders?

Top institutional investors of Drilling Tools International include Geode Capital Management LLC (0.60%), Charles Schwab Investment Management Inc. (0.08%), SkyView Investment Advisors LLC (0.07%) and Barclays PLC (0.05%).
View institutional ownership trends.

How do I buy shares of Drilling Tools International?

Shares of DTI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Drilling Tools International own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Drilling Tools International investors own include Tesla (TSLA), JPMorgan Chase & Co. (JPM), Advanced Micro Devices (AMD), NVIDIA (NVDA), Meta Platforms (META), Netflix (NFLX) and Home Depot (HD).

Company Calendar

• Last Earnings: 5/09/2024
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Oils/Energy
• Industry: Oil & gas field machinery
• Sub-Industry: Machinery
• Current Symbol: NASDAQ:DTI
• Previous Symbol: NASDAQ:DTI
• CUSIP: N/A
• CIK: 1884516
• Web: www.drillingtools.com
• Phone: 832-742-8500
• Fax: N/A
• Employees: 394
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $4.25
• High Stock Price Target: $5.50
• Low Stock Price Target: $3.00
• Potential Upside/Downside: +34.9%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.28
• Trailing P/E Ratio: 11.25
• Forward P/E Ratio: 8.29
• P/E Growth: 1.04
• Net Income: $14.75 million
• Net Margins: 5.46%
• Pretax Margin: 5.64%
• Return on Equity: 15.38%
• Return on Assets: 8.89%

Debt

• Debt-to-Equity Ratio: 0.15
• Current Ratio: 1.32
• Quick Ratio: 0.99

Sales & Book Value

• Annual Sales: $149.79 million
• Price / Sales: 0.73
• Cash Flow: $1.06 per share
• Price / Cash Flow: 2.96
• Book Value: $2.98 per share
• Price / Book: 1.06

Miscellaneous

• Outstanding Shares: 34,705,000
• Free Float: 29,610,000
• Market Cap: $109.32 million
• Optionable: Not Optionable
• Beta: -0.90