Dril-Quip, Inc. Announces Termination of Contract Award for Ca Rong Do Project
Dril-Quip, Inc. (DRQ)
Last dril-quip, inc. earnings: 2/27 05:36 pm
Check Earnings Report
US:NYSE Investor Relations:
phx.corporate-ir.net/phoenix.zhtml?c=100535&p=irol-irhome
Company Research
Source: GlobeNewswire
HOUSTON, Sept. 16, 2019 (GLOBE NEWSWIRE) -- Dril-Quip, Inc. (NYSE: DRQ) today announced that the contract award between its subsidiary Dril-Quip Asia Pacific Pte Ltd. and Repsol for the supply of drilling Top Tensioned Riser (TTR) systems for the Ca Rong Do (CRD) project located offshore Vietnam has been terminated. The contract was awarded in February 2018 and was last extended until December 31, 2019 but had been subject to continued delays of the CRD project. With this termination, the CRD contract value of approximately $82 million will be removed from the Company’s backlog. Blake DeBerry, Dril-Quip's President and Chief Executive Officer, commented, "While we are disappointed with this outcome, CRD was not included in our prior 2019 revenue guidance due to the overall uncertainty surrounding the project. We remain confident in our ability to achieve our previously announced guidance of $75 to $95 million of product bookings and $100 to $110 million of revenue per quarte
Show less
Read more
Impact Snapshot
Event Time:
DRQ
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
DRQ alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
DRQ alerts
High impacting Dril-Quip, Inc. news events
Weekly update
A roundup of the hottest topics