Sidoti Brokers Decrease Earnings Estimates for DTI

Drilling Tools International Corp. (NASDAQ:DTI) – Stock analysts at Sidoti dropped their FY2026 EPS estimates for Drilling Tools International in a research report issued on Monday, November 9th. Sidoti analyst S. Ferazani now forecasts that the company will post earnings per share of ($0.02) for the year, down from their previous estimate of $0.04. The consensus estimate for Drilling Tools International’s current full-year earnings is $0.04 per share.

Several other research firms have also weighed in on DTI. Weiss Ratings restated a “sell (e+)” rating on shares of Drilling Tools International in a research note on Monday, October 26th. Zacks Research downgraded shares of Drilling Tools International from a “hold” rating to a “strong sell” rating in a research note on Monday. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $2.80 target price on shares of Drilling Tools International in a research note on Sunday, August 9th. One investment analyst has rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Sell” and an average target price of $2.80.

Drilling Tools International Stock Performance

Shares of DTI stock opened at $1.48 on Wednesday. The company has a fifty day moving average price of $2.11 and a two-hundred day moving average price of $2.80. Drilling Tools International has a one year low of $1.35 and a one year high of $4.69. The stock has a market cap of $52.21 million, a P/E ratio of -11.38, a P/E/G ratio of 4.39 and a beta of -0.56. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.08 and a quick ratio of 1.58.

Drilling Tools International (NASDAQ:DTI) last issued its earnings results on Thursday, November 5th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.05). Drilling Tools International had a negative return on equity of 0.40% and a negative net margin of 3.06%. The firm had revenue of $40.65 million for the quarter, compared to analyst estimates of $40.87 million.

Hedge Funds Weigh In On Drilling Tools International

Large investors have recently modified their holdings of the stock. Squarepoint Ops LLC bought a new position in shares of Drilling Tools International in the second quarter valued at about $34,000. Bfsg LLC boosted its holdings in shares of Drilling Tools International by 45.1% during the 3rd quarter. Bfsg LLC now owns 21,265 shares of the company’s stock worth $49,000 after buying an additional 6,610 shares during the period. Engineers Gate Manager LP boosted its holdings in shares of Drilling Tools International by 129.2% during the 2nd quarter. Engineers Gate Manager LP now owns 37,825 shares of the company’s stock worth $73,000 after buying an additional 21,319 shares during the period. OMERS ADMINISTRATION Corp bought a new stake in shares of Drilling Tools International during the 1st quarter worth about $80,000. Finally, AXQ Capital LP boosted its holdings in shares of Drilling Tools International by 93.5% during the 2nd quarter. AXQ Capital LP now owns 48,048 shares of the company’s stock worth $93,000 after buying an additional 23,213 shares during the period. 2.79% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Drilling Tools International news, CFO David Richard Johnson bought 30,350 shares of the firm’s stock in a transaction that occurred on Monday, November 9th. The shares were acquired at an average cost of $1.65 per share, with a total value of $50,077.50. Following the acquisition, the chief financial officer owned 97,780 shares of the company’s stock, valued at $161,337. The trade was a 45.01% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert Wayne Prejean purchased 100,000 shares of the company’s stock in a transaction that occurred on Monday, November 9th. The stock was acquired at an average price of $1.64 per share, for a total transaction of $164,000.00. Following the purchase, the chief executive officer owned 591,076 shares in the company, valued at $969,364.64. This trade represents a 20.36% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have acquired 155,350 shares of company stock valued at $254,828. 17.10% of the stock is owned by insiders.

Drilling Tools International News Roundup

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

• Positive Sentiment: Three company insiders bought a combined 155,350 shares for approximately $255,000. CEO Robert Prejean bought 100,000 shares, while the CFO and a director also increased their holdings—a potentially encouraging signal of management confidence. CEO SEC filing CFO SEC filing Director SEC filing
• Neutral Sentiment: Reported short interest was zero shares, indicating no measurable short position in the figures provided.
• Negative Sentiment: DTI’s third-quarter adjusted results missed expectations: it reported a $0.01-per-share loss versus the consensus forecast for $0.04 in earnings. Higher costs offset stronger drilling activity, while increased capital spending weighs on the 2026 free-cash-flow outlook. Zacks earnings article
• Negative Sentiment: Sidoti lowered its FY2026 earnings estimate to a loss of $0.02 per share from earnings of $0.04, and cut its FY2027 estimate to $0.13 from $0.16. The estimate reductions add to concerns about the company’s near-term earnings outlook.

Drilling Tools International Company Profile

Drilling Tools International Corporation (NASDAQ: DTI) provides rental tools and related services to the oil and gas drilling industry. The company supplies downhole equipment used in drilling, completion and production operations, serving exploration and production companies, drilling contractors and oilfield service providers. Its product offering includes drill pipe, drill collars, heavy-weight drill pipe, stabilizers, subs, mud motors, drilling jars and other specialized downhole tools. Drilling Tools International also provides equipment inspection, maintenance, repair, refurbishment and machining services intended to support the safe and efficient use of drilling equipment.