PowerShares KBW Prpty & Casualty Ins ETF (KBWP) At $59.13 Forms Top; Dril-quip Has 1.04 Sentiment

Dril-Quip, Inc., together with its subsidiaries, designs, makes, sells, and services offshore drilling and production equipment for use in deepwater, harsh environment, and severe service applications worldwide. The company has market cap of $1.79 billion. It operates through three divisions: Western Hemisphere, Eastern Hemisphere, and Asia-Pacific. It currently has negative earnings. The companyÂ’s principal products include subsea and surface wellheads, subsea and surface production trees, subsea control systems and manifolds, mudline hanger systems, specialty connectors and associated pipes, drilling and production riser systems, liner hangers, wellhead connectors, and diverters, as well as consumable downhole products.

PowerShares KBW Prpty & Casualty Ins ETF (KBWP) formed multiple top with $63.86 target or 8.00% above today’s $59.13 share price. PowerShares KBW Prpty & Casualty Ins ETF (KBWP) has $99.64 million valuation. The ETF increased 0.34% or $0.2 during the last trading session, reaching $59.13. About 22,824 shares traded or 102.30% up from the average. PowerShares KBW Prpty & Casualty Ins ETF (NASDAQ:KBWP) has risen 14.96% since December 26, 2016 and is uptrending. It has underperformed by 1.74% the S&P500.

Texan Capital Management holds 4.39% of its portfolio in Dril-Quip, Inc. for 150,025 shares. Speece Thorson Capital Group Inc owns 337,490 shares or 3.1% of their US portfolio. Moreover, Birch Run Capital Advisors Lp has 2.46% invested in the company for 158,600 shares. The Texas-based Energy Opportunities Capital Management Llc has invested 2.05% in the stock. Dean Capital Management, a Kansas-based fund reported 93,849 shares.

Analysts await Dril-Quip, Inc. (NYSE:DRQ) to report earnings on February, 27. They expect $0.03 earnings per share, down 86.96% or $0.20 from last year’s $0.23 per share. DRQ’s profit will be $1.14 million for 394.17 P/E if the $0.03 EPS becomes a reality. After $0.05 actual earnings per share reported by Dril-Quip, Inc. for the previous quarter, Wall Street now forecasts -40.00% negative EPS growth.

The stock decreased 1.15% or $0.55 during the last trading session, reaching $47.3. About 258,716 shares traded. Dril-Quip, Inc. (DRQ) has declined 8.80% since December 26, 2016 and is downtrending. It has underperformed by 25.50% the S&P500.

Since January 1, 0001, it had 0 buys, and 8 insider sales for $1.74 million activity.