Published on 20 Aug 2024 on Insider Monkey · via Yahoo Finance
Dril-Quip, Inc. (DRQ): Leading the Pack Among the Best Oilfield Services Stocks...
We recently compiled a list of the 10 Best Oilfield Services Stocks to Buy Now. In this article, we are going to take a look at where Dril-Quip, Inc. (NYSE:DRQ) stands against the other oilfield services stocks.
Brent crude oil prices have dropped below $80 per barrel from more than $90/bbl in April because of reduced demand for oil, growing worldwide stockpiles, and a decrease in geopolitical risks. In the first half of the year, prices were extremely volatile owing to rising geopolitical tensions, reductions in production by OPEC+ members, and indications of strengthening worldwide industrial production.