Steven Newman - DRQ Old Independent Director
| DRQDelisted Stock | USD 15.88 0.43 2.78% |
Director
Mr. Steven L. Newman serves as Independent Director of the DrilQuip, Inc.. He was a Class III director since August 2015. Previously, he was President and Chief Executive Officer and a member of the Board of Directors of Transocean Ltd., a global offshore drilling company, from March 2010 until February 2015. From 1994 to 2010, Mr. Newman was employed by Transocean in various management and operational positions. Mr. Newman is a director, chairman of the compensation committee and a member of the audit committee of Tidewater Inc., a leading provider of offshore service vessels to the global energy industry, a director and a member of the human resources committee and the safety, workplace and project risk committee of SNCLavalin Group Inc., a worldwide engineering and construction company based in Montreal that also provides operations and maintenance services and invests in infrastructure projects, and a director, chairman of the compensation committee and chairman of the finance and audit committee of Rubicon Oilfield International Holdings GP, Ltd., a Houstonbased company engaged in the manufacture and sale of drilling and completion tools for the worldwide oil and gas industry. Mr. Newman is a former director of Bumi Armada Bhd, a Malaysianbased company that provides offshore production and support vessels to the oil and gas industry worldwide since 2015.
| Age | 56 |
| Tenure | 10 years |
| Professional Marks | MBA |
| Phone | 713 939 7711 |
| Web | https://www.dril-quip.com |
DRQ Old Management Efficiency
DRQ Old's management efficiency ratios could be used to measure how well DRQ Old manages its routine affairs as well as how well it operates its assets and liabilities.DRQ Old has 17.77 M in debt with debt to equity (D/E) ratio of 0.01, which may show that the company is not taking advantage of profits from borrowing. DRQ Old has a current ratio of 8.18, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Note however, debt could still be an excellent tool for DRQ to invest in growth at high rates of return.
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Management Performance
| Return On Equity | -0.0312 | |||
| Return On Asset | 0.0034 |
DRQ Old Leadership Team
Elected by the shareholders, the DRQ Old's board of directors comprises two types of representatives: DRQ Old inside directors who are chosen from within the company, and outside directors, selected externally and held independent of DRQ. The board's role is to monitor DRQ Old's management team and ensure that shareholders' interests are well served. DRQ Old's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, DRQ Old's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Amy Schwetz, Independent Director | ||
| Alexander Shukis, Independent Director | ||
| Erin Fazio, Investor Development | ||
| Steven Newman, Independent Director | ||
| Kyle Mcclure, Chief Financial Officer, Vice President | ||
| Raj Kumar, Chief Financial Officer, Vice President, Principal Financial and Accounting Officer | ||
| Blake DeBerry, President, Chief Executive Officer, Director | ||
| Donald Underwood, Vice Products | ||
| John Lovoi, Independent Chairman of the Board | ||
| Darryl Willis, Independent Director | ||
| Carri Lockhart, Independent Director | ||
| John Mossop, Vice Transition | ||
| James Webster, Vice President, General Counsel, Secretary | ||
| Terence Jupp, Independent Director | ||
| Jeffrey Bird, Chief Financial Officer, Senior Vice President - Production Operations | ||
| Mahesh Puducheri, Vice Officer |
DRQ Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is DRQ Old a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | -0.0312 | |||
| Return On Asset | 0.0034 | |||
| Profit Margin | (0.06) % | |||
| Operating Margin | 0.03 % | |||
| Current Valuation | 362.68 M | |||
| Shares Outstanding | 34.45 M | |||
| Shares Owned By Insiders | 1.79 % | |||
| Shares Owned By Institutions | 98.21 % | |||
| Number Of Shares Shorted | 1.38 M | |||
| Price To Earning | 720.83 X |
Pair Trading with DRQ Old
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if DRQ Old position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in DRQ Old will appreciate offsetting losses from the drop in the long position's value.Moving together with DRQ Stock
Moving against DRQ Stock
| 0.79 | WMT | Walmart | PairCorr |
| 0.73 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.7 | 17298CHT8 | US17298CHT80 | PairCorr |
| 0.68 | AXP | American Express Earnings Call This Week | PairCorr |
| 0.65 | DIS | Walt Disney | PairCorr |
The ability to find closely correlated positions to DRQ Old could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DRQ Old when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back DRQ Old - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling DRQ Old to buy it.
The correlation of DRQ Old is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as DRQ Old moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DRQ Old moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for DRQ Old can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Other Consideration for investing in DRQ Stock
If you are still planning to invest in DRQ Old check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the DRQ Old's history and understand the potential risks before investing.
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