Key Points
- Insiders bought DTI shares: Director Ira Harris Green, Jr. purchased 25,000 shares for $40,750, increasing his stake by 145.29%. The roundup also reports three insiders bought a combined 155,350 shares.
- Quarterly results missed expectations: Drilling Tools International reported a loss of $0.01 per share versus analysts’ expected $0.04 profit, while revenue came in slightly below estimates at $40.65 million.
- Shares and analyst sentiment were weak: The stock was down 6.3%, and the consensus rating was “Reduce,” with two analysts at Hold and one at Sell. The roundup also cited higher costs and capital spending as pressures on profitability and free cash flow.
Drilling Tools International Corp. (NASDAQ:DTI - Get Free Report) Director Ira Harris Green, Jr. bought 25,000 shares of Drilling Tools International stock in a transaction that occurred on Monday, November 9th. The stock was purchased at an average cost of $1.63 per share, for a total transaction of $40,750.00. Following the acquisition, the director owned 42,207 shares of the company's stock, valued at $68,797.41. This represents a 145.29% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Drilling Tools International Stock Down 6.3%
Shares of Drilling Tools International stock opened at $1.48 on Wednesday. Drilling Tools International Corp. has a 52-week low of $1.35 and a 52-week high of $4.69. The company has a 50 day moving average of $2.11 and a 200 day moving average of $2.80. The company has a quick ratio of 1.58, a current ratio of 2.08 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $52.21 million, a P/E ratio of -11.38, a P/E/G ratio of 4.39 and a beta of -0.56.
Drilling Tools International (NASDAQ:DTI - Get Free Report) last announced its quarterly earnings data on Thursday, November 5th. The company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.05). Drilling Tools International had a negative net margin of 3.06% and a negative return on equity of 0.40%. The firm had revenue of $40.65 million during the quarter, compared to analysts' expectations of $40.87 million. As a group, research analysts forecast that Drilling Tools International Corp. will post 0.04 EPS for the current fiscal year.
Analyst Ratings Changes
Several equities analysts recently commented on DTI shares. Zacks Research lowered Drilling Tools International from a "strong-buy" rating to a "hold" rating in a report on Friday, October 9th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Drilling Tools International in a report on Monday, October 26th. Finally, Jefferies Financial Group reaffirmed a "hold" rating and set a $2.80 price target on shares of Drilling Tools International in a report on Sunday, August 9th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Reduce" and an average target price of $2.80.
Read Our Latest Report on DTI
Institutional Trading of Drilling Tools International
Institutional investors and hedge funds have recently made changes to their positions in the company. Private Management Group Inc. grew its stake in Drilling Tools International by 65.4% during the 3rd quarter. Private Management Group Inc. now owns 2,880,194 shares of the company's stock worth $6,668,000 after buying an additional 1,138,556 shares during the last quarter. Bfsg LLC lifted its stake in Drilling Tools International by 45.1% in the third quarter. Bfsg LLC now owns 21,265 shares of the company's stock valued at $49,000 after buying an additional 6,610 shares during the last quarter. Engineers Gate Manager LP boosted its holdings in shares of Drilling Tools International by 129.2% in the second quarter. Engineers Gate Manager LP now owns 37,825 shares of the company's stock valued at $73,000 after acquiring an additional 21,319 shares during the period. Squarepoint Ops LLC acquired a new position in shares of Drilling Tools International in the 2nd quarter valued at $34,000. Finally, AXQ Capital LP increased its holdings in shares of Drilling Tools International by 93.5% in the 2nd quarter. AXQ Capital LP now owns 48,048 shares of the company's stock valued at $93,000 after acquiring an additional 23,213 shares during the period. 2.79% of the stock is owned by hedge funds and other institutional investors.
Drilling Tools International News Roundup
Here are the key news stories impacting Drilling Tools International this week:
- Positive Sentiment: Three insiders bought a combined 155,350 shares for about $255,000. CEO Robert Prejean purchased 100,000 shares, while the CFO and a director also increased their holdings—an encouraging signal of confidence from company leadership. CEO SEC filing CFO SEC filing Director SEC filing
- Neutral Sentiment: A report listed short interest at zero shares, so it indicates no measurable short position in the figures provided, rather than a notable short squeeze setup.
- Negative Sentiment: DTI’s third-quarter adjusted results missed estimates as higher costs offset stronger sales. Increased capital spending is also weighing on the company’s 2026 free-cash-flow outlook. Zacks earnings article
- Negative Sentiment: Sidoti cut several earnings forecasts, including FY2027 EPS to $0.13 from $0.16 and Q4 2026 EPS to $0.03 from $0.06. The reductions reinforce concerns about near-term profitability.
About Drilling Tools International
(
Get Free Report)
Drilling Tools International Corporation (NASDAQ: DTI) provides rental tools and related services to the oil and gas drilling industry. The company supplies downhole equipment used in drilling, completion and production operations, serving exploration and production companies, drilling contractors and oilfield service providers. Its product offering includes drill pipe, drill collars, heavy-weight drill pipe, stabilizers, subs, mud motors, drilling jars and other specialized downhole tools. Drilling Tools International also provides equipment inspection, maintenance, repair, refurbishment and machining services intended to support the safe and efficient use of drilling equipment.
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