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

Zacks Research upgraded shares of Drilling Tools International (NASDAQ:DTI) from a hold rating to a strong-buy rating in a report released on Monday,Zacks.com reports.

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

Drilling Tools International Stock Up 7.5%

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

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

Institutional Trading of Drilling Tools International

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Gendell Jeffrey L increased its stake in shares of Drilling Tools International by 29.2% in the fourth quarter. Gendell Jeffrey L now owns 2,439,737 shares of the company’s stock valued at $5,977,000 after buying an additional 552,046 shares during the period. Walleye Capital LLC acquired a new stake in Drilling Tools International during the 1st quarter worth approximately $1,243,000. Arrowstreet Capital Limited Partnership bought a new stake in Drilling Tools International during the 1st quarter worth approximately $954,000. Cresset Asset Management LLC grew its holdings in Drilling Tools International by 184.5% during the 3rd quarter. Cresset Asset Management LLC now owns 200,521 shares of the company’s stock worth $461,000 after acquiring an additional 130,032 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Drilling Tools International by 12.7% in the 4th quarter. Geode Capital Management LLC now owns 159,400 shares of the company’s stock valued at $391,000 after acquiring an additional 17,926 shares during the period. 2.79% of the stock is currently owned by institutional investors.

Trending Headlines about Drilling Tools International

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.