We are downgrading our recommendation on Dril-Quip, Inc. (NYSE:DRQ) to Underperform from Neutral. The company remains exposed to the highly volatile oil and gas sector fundamentals.
We remain concerned about company-specific risks, which include new product growth challenges and potential backlog losses. Additionally, delays in deepwater infrastructure awards may also hinder the growth prospect of Dril-Quip.
The company has also exhibited restricted growth in the past few quarters and we remain … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards