Sidoti Csr Research Analysts Lift Earnings Estimates for DTI

Drilling Tools International Co. (NASDAQ:DTI) – Stock analysts at Sidoti Csr upped their FY2024 earnings per share (EPS) estimates for Drilling Tools International in a research report issued on Friday, November 15th. Sidoti Csr analyst S. Ferazani now forecasts that the company will earn $0.36 per share for the year, up from their previous forecast of $0.33. The consensus estimate for Drilling Tools International’s current full-year earnings is $0.39 per share. Sidoti Csr also issued estimates for Drilling Tools International’s Q1 2025 earnings at $0.09 EPS, Q2 2025 earnings at $0.11 EPS and Q4 2025 earnings at $0.07 EPS.

Separately, Alliance Global Partners lowered their price target on shares of Drilling Tools International from $7.50 to $5.50 and set a “buy” rating for the company in a report on Friday.

Drilling Tools International Trading Down 0.7 %

Shares of Drilling Tools International stock opened at $3.46 on Monday. The firm has a market capitalization of $120.10 million, a PE ratio of 12.18, a price-to-earnings-growth ratio of 1.05 and a beta of -0.96. The company has a current ratio of 1.97, a quick ratio of 1.50 and a debt-to-equity ratio of 0.21. The firm’s 50 day moving average is $3.60 and its 200 day moving average is $4.63. Drilling Tools International has a 1 year low of $2.43 and a 1 year high of $6.36.

Institutional Investors Weigh In On Drilling Tools International

Several hedge funds have recently added to or reduced their stakes in DTI. Rhumbline Advisers bought a new position in shares of Drilling Tools International during the second quarter valued at $49,000. Bank of New York Mellon Corp acquired a new stake in Drilling Tools International in the second quarter valued at $99,000. Woodstock Corp bought a new position in Drilling Tools International during the 3rd quarter worth $57,000. Geode Capital Management LLC lifted its holdings in Drilling Tools International by 31.5% during the 3rd quarter. Geode Capital Management LLC now owns 209,808 shares of the company’s stock worth $783,000 after buying an additional 50,236 shares during the period. Finally, Barclays PLC grew its position in shares of Drilling Tools International by 414.6% in the 3rd quarter. Barclays PLC now owns 16,730 shares of the company’s stock valued at $62,000 after buying an additional 13,479 shares during the last quarter. 2.79% of the stock is currently owned by institutional investors and hedge funds.

About Drilling Tools International

Drilling Tools International Corporation provides oilfield equipment and services to oil and natural gas sectors in North America, Europe, and the Middle East. It offers downhole tool rentals, machining, and inspection services to support the global drilling and wellbore construction industry. The company also provides products are bottom hole assembly components, such as stabilizers, subs, non-magnetic and steel drill collars, hole openers, and roller reamers, as well as drill pipe and drill pipe accessories; ancillary equipment and handling tools to support its rental platform, including float valves, ring gauges, tool baskets, lift bail, lift subs, mud magnets, elevators, bracket and bail assemblies, slips, tongs, stabbing guides and safety clamps; and blowout preventers, and pressure control accessory equipment.