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Dril-Quip’s Returns Have Declined 4% This Year

Alex Chamberlin
Dril-Quip’s Returns Have Declined 4% This Year

Dril-Quip’s (DRQ) YTD returns were -4.0% as of May 15. YTD, Dril-Quip has underperformed the US rig count (up 12%), WTI crude oil (18% higher), and the VanEck Vectors Oil Services ETF (OIH) (up 9.2%). OIH represents the OFS industry. So far, Dril-Quip has underperformed the Energy Select Sector SPDR ETF (XLE) this year. XLE represents the oil, gas, and consumable fuel, energy equipment, and services industries.