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.
Some names in the oil patch are getting patched up.
Activity in the U.S. was up by 10 rigs as commodity prices approached the $50 per barrel mark, although the Canadian count slipped by 5 rigs.