Drilling Tools International
DTI
Market cap $120M

3.46 USD

-0.11

3.08%

At close Oct 17, 4:00 PM EDT

1 day

-3.08%

5 days

6.46%

1 month

-13.93%

3 months

-38.21%

6 months

-26.38%

Year to date

5.49%

1 year

-8.47%

5 years

-24.95%

About: Drilling Tools International Corp manufactures, rents, inspects, and refurbishes downhole drilling tools primarily to companies in the oil and natural gas industry for bottom hole assemblies used in onshore and offshore horizontal and directional drilling. The Company's United States operations have locations in Texas, California, Louisiana, Oklahoma, Pennsylvania, North Dakota, New Mexico, Utah, and Wyoming. The Company's international operations are located in Canada with additional stocking points in Europe and the Middle East.

Employees: 394

Industrials Oil & Gas Field Machinery & Equipment

0

Funds holding %

of 6,740 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

267% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 6

150% more repeat investments, than reductions

Existing positions increased: 5 | Existing positions reduced: 2

133% more capital invested

Capital invested by funds: $4.62M [Q1] → $10.8M (+$6.15M) [Q2]

80% more funds holding

Funds holding: 20 [Q1] → 36 (+16) [Q2]

2.2% more ownership

Funds ownership: 4.4% [Q1] → 6.6% (+2.2%) [Q2]

See Fund Rankings

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

Low target

$7.50

117%

upside

Avg. target

$7.50

117%

upside

High target

$7.50

117%

upside

1 analyst rating

1 positive

100%

0 neutral

0%

0 negative

0%

Alliance Global Partners

Jeff Grampp

40% 1-year accuracy

4 / 10 met price target

117%upside

$7.50

Buy

Maintained

7 Aug 2024

See Analyst Rankings

Financial journalist opinion

Drilling Tools International Corp. Completes Acquisition of Amsterdam-based European Drilling Projects

Further Demonstrates DTI's Commitment to Advancing the Directional Drilling Process with Innovative Tool Development and Global Expansion HOUSTON , Oct. 3, 2024 /PRNewswire/ -- Drilling Tools International Corp., (NASDAQ: DTI) ("DTI" or the "Company"), a global oilfield services company that designs, engineers, manufactures and provides a differentiated, rental-focused offering of tools for use in onshore and offshore drilling operations, as well as other cutting-edge solutions across the well life cycle, today announced that it has closed on its acquisition of European Drilling Projects known as ED Projects (EDP), a global provider of next-generation stabilizers, specialty reamers, and wellbore optimization technology for the drilling industry. Terms of the transaction were not disclosed.

Drilling Tools International Corp. Completes Acquisition of Amsterdam-based European Drilling Projects

Drilling Tools International's Improving Drivers And Relative Undervaluation Are A Catch

DTI offers balanced growth with a focus on well life cycle tools and services, despite short-term challenges from US energy activity slowdown. The acquisition of SDPI enhances DTI's geographic reach, reduces costs, and provides significant synergies, boosting long-term prospects. DTI's stock is undervalued compared to peers, with a potential upside, making it a "Buy" recommendation.

Drilling Tools International's Improving Drivers And Relative Undervaluation Are A Catch

Drilling Tools International Corp. to Participate in the 2024 Barclays CEO Energy-Power Conference

HOUSTON , Aug. 27, 2024 /PRNewswire/ -- Drilling Tools International Corp., (NASDAQ: DTI) ("DTI" or the "Company"), a global oilfield services company that designs, engineers, manufactures and provides a differentiated, rental-focused offering of tools for use in onshore and offshore drilling operations, as well as other cutting-edge solutions across the well life cycle, today announced that it will conduct investor meetings in New York City during the 2024 Barclays CEO Energy-Power Conference to be held September 3 rd through September 5 th. In conjunction with hosting one-on-one meetings with current and prospective investors, DTI's investor presentation will be accessible by visiting the Company's website at https://investors.drillingtools.com/news-events/presentations.

Drilling Tools International Corp. to Participate in the 2024 Barclays CEO Energy-Power Conference

Drilling Tools International Corp. to Webcast EnerCom Denver Energy Conference Presentation on August 20th at 10:30 a.m. EDT

HOUSTON , Aug. 13, 2024 /PRNewswire/ -- Drilling Tools International Corp., (NASDAQ: DTI) ("DTI" or the "Company"), a global oilfield services company that designs, engineers, manufactures and provides a differentiated, rental-focused offering of tools for use in onshore and offshore drilling operations, as well as other cutting-edge solutions across the well life cycle, today announced that it will participate in the 2024 EnerCom Denver Energy Conference on August 19-21, 2024. The Company will make a presentation at 10:30 a.m.

Drilling Tools International Corp. to Webcast EnerCom Denver Energy Conference Presentation on August 20th at 10:30 a.m. EDT

Drilling Tools International Corporation (DTI) Q2 2024 Earnings Call Transcript

Drilling Tools International Corporation (NASDAQ:DTI ) Q2 2024 Earnings Conference Call August 6, 2024 9:00 AM ET Company Participants Ken Dennard - IR Wayne Prejean - CEO David Johnson - CFO Jameson Parker - VP of Corporate Development Conference Call Participants Jeff Grampp - Alliance Global Partners Steve Ferazani - Sidoti John Daniel - John Daniel Energy Partners Operator Greetings and welcome to the Drilling Tools International Conference Call. At this time, all participants are in a listen-only mode.

Drilling Tools International Corporation (DTI) Q2 2024 Earnings Call Transcript

Zacks Investment Research

Drilling Tools International Corp. (DTI) Lags Q2 Earnings and Revenue Estimates

Drilling Tools International Corp. (DTI) came out with quarterly earnings of $0.10 per share, missing the Zacks Consensus Estimate of $0.12 per share. This compares to earnings of $0.05 per share a year ago.

Drilling Tools International Corp. (DTI) Lags Q2 Earnings and Revenue Estimates

Drilling Tools International Corp. Closes on Acquisition of Superior Drilling Products, Inc.; Company Reports 2024 Second Quarter Results

Updates 2024 Guidance and Maintains Adjusted Free Cash Flow Outlook HOUSTON , Aug. 6, 2024 /PRNewswire/ -- Drilling Tools International Corp., (NASDAQ: DTI) ("DTI" or the "Company"), a global oilfield services company that designs, engineers, manufactures and provides a differentiated, rental-focused offering of tools for use in onshore and offshore drilling operations, as well as other cutting-edge solutions across the well life cycle, today announced that it has closed on its acquisition of Superior Drilling Products, Inc. ("SDP") for total consideration paid in cash and DTI stock of approximately $32.2 million per the merger agreement, subject to purchase price accounting adjustments. DTI also reported today its 2024 second quarter results.

Drilling Tools International Corp. Closes on Acquisition of Superior Drilling Products, Inc.; Company Reports 2024 Second Quarter Results

Zacks Investment Research

Strength Seen in Drilling Tools International Corp. (DTI): Can Its 7.3% Jump Turn into More Strength?

Drilling Tools International Corp. (DTI) was a big mover in Wednesday's session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Strength Seen in Drilling Tools International Corp. (DTI): Can Its 7.3% Jump Turn into More Strength?

Superior Drilling Products Shareholders Approve Acquisition by Drilling Tools International

VERNAL, Utah--(BUSINESS WIRE)--Superior Drilling Products, Inc. (NYSE American: SDPI) (“SDP” or the “Company”), a designer and manufacturer of drilling tool technologies, today announced that its shareholders voted to approve the acquisition of SDP by Drilling Tools International Corporation (“DTI”) (Nasdaq: DTI) at the special meeting of shareholders held yesterday. Troy Meier, SDP's Chairman and CEO, stated, “We are pleased to have reached this important milestone and appreciate the support o.

Superior Drilling Products Shareholders Approve Acquisition by Drilling Tools International

Drilling Tools International Corp. Announces 2024 Second Quarter Earnings Release and Conference Call Schedule

HOUSTON , July 29, 2024 /PRNewswire/ -- Drilling Tools International Corp., (NASDAQ: DTI) ("DTI" or the "Company"), a global oilfield services company that designs, engineers, manufactures and provides a differentiated, rental-focused offering of tools for use in onshore and offshore horizontal and directional drilling operations, as well as other cutting-edge solutions across the well life cycle, today announced that it plans to report 2024 second quarter financial results prior to the Company's live conference call, which can be accessed via dial-in or webcast, on Tuesday, August 6, 2024 at 9:00 a.m. Eastern Time (8:00 a.m.

Drilling Tools International Corp. Announces 2024 Second Quarter Earnings Release and Conference Call Schedule

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