Dril-Quip was downgraded to hold from buy at TheStreet Ratings on May 21. TheStreet Ratings gives Dril-Quip a C+ grade. The stock closed Friday at $62.17 and has fallen 5.55% year to date.
Deutsche Bank's problems have investors worried about another Lehman failure, Cramer says.
Some names in the oil patch are getting patched up.