Zacks Research Upgrades Drilling Tools International (NASDAQ:DTI) to “Strong-Buy”

Drilling Tools International (NASDAQ:DTI) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

A number of other brokerages have also recently commented on DTI. Jefferies Financial Group reissued a “hold” rating and issued a $2.80 price objective on shares of Drilling Tools International in a research note on Sunday. Wall Street Zen cut shares of Drilling Tools International from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings downgraded shares of Drilling Tools International from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $2.80.

Drilling Tools International Trading Up 7.5%

Shares of Drilling Tools International stock opened at $2.45 on Monday. The company has a 50-day moving average of $2.30 and a two-hundred day moving average of $3.09. The stock has a market cap of $86.44 million, a PE ratio of -27.22, a price-to-earnings-growth ratio of 2.53 and a beta of -0.63. The company has a current ratio of 2.15, a quick ratio of 1.57 and a debt-to-equity ratio of 0.38. Drilling Tools International has a 12-month low of $1.65 and a 12-month high of $4.69.

Drilling Tools International (NASDAQ:DTI) last released its quarterly earnings data on Thursday, August 6th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The firm had revenue of $38.07 million during the quarter, compared to analysts’ expectations of $38.72 million. Drilling Tools International had a negative net margin of 1.97% and a positive return on equity of 0.58%. On average, research analysts anticipate that Drilling Tools International will post 0.1 EPS for the current fiscal year.

Institutional Trading of Drilling Tools International

A number of large investors have recently made changes to their positions in DTI. XTX Topco Ltd increased its position in Drilling Tools International by 52.3% during the 4th quarter. XTX Topco Ltd now owns 16,026 shares of the company’s stock worth $39,000 after purchasing an additional 5,504 shares in the last quarter. Qube Research & Technologies Ltd acquired a new position in Drilling Tools International in the 2nd quarter valued at about $49,000. Citadel Advisors LLC purchased a new position in Drilling Tools International in the 3rd quarter valued at about $55,000. Veradace Capital Management LLC purchased a new position in Drilling Tools International in the 4th quarter valued at about $62,000. Finally, Jane Street Group LLC acquired a new stake in shares of Drilling Tools International during the 4th quarter worth about $69,000. Institutional investors and hedge funds own 2.79% of the company’s stock.

Key Drilling Tools International News

Here are the key news stories impacting Drilling Tools International this week:

• Positive Sentiment: Zacks upgraded DTI from “hold” to “strong-buy,” providing a notable boost to the stock’s analyst sentiment. Zacks.com
• Positive Sentiment: Sidoti raised its FY2026 EPS forecast to $0.10 from $0.09 and increased its FY2027 forecast to $0.30 from $0.27. The firm also lifted its Q1 2027 estimate to $0.07 from $0.04 and its Q2 2027 estimate to $0.07 from $0.06, signaling improved longer-term earnings expectations. MarketBeat DTI analyst estimates
• Neutral Sentiment: A Zacks comparison of DTI and Core Laboratories examines which oil-and-gas field-services company offers better value. The article may attract value-focused investors, but it does not represent a specific change to DTI’s outlook. DTI or CLB value comparison
• Neutral Sentiment: Reported short interest was zero shares as of August 11, unchanged from the prior report, with a 0.0-day days-to-cover ratio. This suggests no measurable short-interest pressure or short-squeeze catalyst in the available data.
• Negative Sentiment: Sidoti trimmed its Q3 2026 EPS estimate to $0.06 from $0.07, partially offsetting the firm’s otherwise favorable revisions. The company’s latest reported quarter also missed analyst expectations, adding a risk to the bullish outlook.

Drilling Tools International Company Profile

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.