Drilling Tools International (DTI)

• Market cap: $109M
• 1 day: -3.67%
• 5 days: -11.02%
• 1 month: -7.08%
• 3 months: -23.36%
• 6 months: -38.36%
• Year to date: -3.96%
• 1 year: 1.29%
• 5 years: -31.67%
• 10 years: -31.67%
• Sector: Industrials
• Industry: Oil & Gas Field Machinery & Equipment

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

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

143% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 7

100% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 5

14% more funds holding

Funds holding: 36 [Q2] → 41 (+5) [Q3]

0.24% more ownership

Funds ownership: 6.7% [Q2] → 6.95% (+0.24%) [Q3]

18% less capital invested

Capital invested by funds: $10.9M [Q2] → $8.99M (-$1.95M) [Q3]

Research analyst outlook

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

• Low target: $5.50 75% upside
• Avg. target: $5.50 75% upside
• High target: $5.50 75% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

Alliance Global Partners Jeff Grampp 46% 1-year accuracy 6 / 13 met price target

75% upside $5.50

Buy Maintained

15 Nov 2024