John Lovoi - Dril Quip Independent Chairman of the Board

DRQ -  USA Stock  

USD 29.69  1.07  3.48%

  Chairman
Mr. John V. Lovoi serves as Independent Chairman of the Board of DrilQuip Inc. He was a Class II director since May 2005 and Chairman of the Board since October 2011. He is also chairman of the Nominating and Governance Committee and a member of the Compensation Committee and the Audit Committee of the Board of Directors. He is the Managing Partner of JVL Advisors LLC, a private energy investment company established in 2002. From January 2000 to August 2002, Mr. Lovoi was a Managing Director at Morgan Stanley Incorporated, and during this period served as head of the firms Global Oil and Gas Research practice and then as head of the firms Global Oil and Gas Investment Banking practice. From 1995 to 2000, he was a leading oilfield services and equipment research analyst for Morgan Stanley. Prior to joining Morgan Stanley, he spent two years as a senior financial executive at Baker Hughes and four years as an energy investment banker with Credit Suisse First Boston. Mr. Lovoi is a director of Helix Energy Solutions Group, an energy services company, Chairman of the Board of Directors of Epsilon Energy LTD., an oil and gas company based in Canada, a director of Jones Energy, Inc., a public oil and gas company, and a director of Roan Resources LLC, a private oil and gas company based in Oklahoma City, Oklahoma
Age: 60  Chairman Since 2011  MBA    
713 939 7711  https://www.dril-quip.com
Lovoi holds a BS degree in chemical engineering from Texas A&M University and an MBA degree from the University of Texas at Austin.

John Lovoi Latest Insider Activity

Tracking and analyzing the buying and selling activities of John Lovoi against Dril Quip stock is an integral part of due diligence when investing in Dril Quip. John Lovoi insider activity provides valuable insight into whether Dril Quip is net buyers or sellers over its current business cycle. Note, Dril Quip insiders must abide by specific rules, including filing SEC forms every time they buy or sell Dril Quip'sshares to prevent insider trading or benefiting illegally from material non-public information that their positions give them access to.

Dril Quip Management Efficiency

Dril-Quip has Return on Asset of (2.81) % which means that on every $100 spent on asset, it lost $2.81. This is way below average. In the same way, it shows return on shareholders equity (ROE) of (10.82) %, meaning that it generated no profit with money invested by stockholders. Dril Quip management efficiency ratios could be used to measure how well the company manages its routine affairs as well as how well it operates its assets and liabilities. As of 26th of May 2022, Return on Investment is likely to drop to -7.1. In addition to that, Return on Average Assets is likely to drop to -0.12. Dril Quip Total Liabilities is very stable at the moment as compared to the past year. Dril Quip reported last year Total Liabilities of 113.32 Million. As of 26th of May 2022, Current Liabilities is likely to grow to about 99.6 M, while Liabilities Non Current is likely to drop about 16.6 M.
The company has 4.88 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. Dril-Quip has a current ratio of 10.0, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Debt can assist Dril Quip until it has trouble settling it off, either with new capital or with free cash flow. So, Dril Quip's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Dril-Quip sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Dril Quip to invest in growth at high rates of return. When we think about Dril Quip's use of debt, we should always consider it together with cash and equity.
Is Dril Quip's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Dril Quip. If investors know Dril Quip will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Dril Quip listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Dril-Quip is measured differently than its book value, which is the value of Dril Quip that is recorded on the company's balance sheet. Investors also form their own opinion of Dril Quip's value that differs from its market value or its book value, called intrinsic value, which is Dril Quip's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Dril Quip's market value can be influenced by many factors that don't directly affect Dril Quip's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Dril Quip's value and its price as these two are different measures arrived at by different means. Investors typically determine Dril Quip value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dril Quip's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Dril-Quip, Inc., together with its subsidiaries, designs, manufactures, sells, and services engineered drilling and production equipment for use in deepwater, harsh environment, and severe service applications worldwide. The company was founded in 1981 and is headquartered in Houston, Texas. Dril Quip operates under Oil Gas Equipment Services classification in the United States and is traded on New York Stock Exchange. It employs 1342 people. Dril-Quip (DRQ) is traded on New York Stock Exchange in USA. It is located in 6401 North Eldridge Parkway and employs 1,342 people. Dril Quip is listed under Machinery category by Fama And French industry classification.

Dril-Quip Leadership Team

Elected by the shareholders, the Dril Quip's board of directors comprises two types of representatives: Dril Quip inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Dril Quip. The board's role is to monitor Dril Quip's management team and ensure that shareholders' interests are well served. Dril Quip'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, Dril Quip's outside directors are responsible for providing unbiased perspectives on the board's policies.
Amy Schwetz, Independent Director
Alexander Shukis, Independent Director
James Gariepy, COO and Sr. VP
L Robertson, Independent Director
Steven Newman, Independent Director
Jerry Brooks, CFO, Principal Accounting Officer and VP of Fin.
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
John Lovoi, Independent Chairman of the Board
Darryl Willis, Independent Director
Carri Lockhart, Independent Director
James Webster, Vice President, General Counsel, Secretary
Terence Jupp, Independent Director
Jeffrey Bird, Chief Financial Officer, Senior Vice President - Production Operations

Dril Quip 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 Dril Quip 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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Dril Quip without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with Dril Quip

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 Dril Quip 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 Dril Quip will appreciate offsetting losses from the drop in the long position's value.

Dril Quip Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

The ability to find closely correlated positions to Dril Quip could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dril Quip 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 Dril Quip - 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 Dril-Quip to buy it.
The correlation of Dril Quip is a statistical measure of how it moves in relation to other equities. 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 Dril Quip moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dril-Quip 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 Dril Quip 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.
Pair CorrelationCorrelation Matching
Continue to Investing Opportunities. Note that the Dril-Quip information on this page should be used as a complementary analysis to other Dril Quip's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.

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Is Dril Quip's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Dril Quip. If investors know Dril Quip will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Dril Quip listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Dril-Quip is measured differently than its book value, which is the value of Dril Quip that is recorded on the company's balance sheet. Investors also form their own opinion of Dril Quip's value that differs from its market value or its book value, called intrinsic value, which is Dril Quip's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Dril Quip's market value can be influenced by many factors that don't directly affect Dril Quip's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Dril Quip's value and its price as these two are different measures arrived at by different means. Investors typically determine Dril Quip value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dril Quip's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.