DTI icon

Drilling Tools International

3.02 USD
-0.17
5.33%
At close Feb 21, 4:00 PM EST
After hours
3.10
+0.08
2.65%
1 day
-5.33%
5 days
-6.50%
1 month
-16.57%
3 months
-12.72%
6 months
-24.88%
Year to date
-8.21%
1 year
0.33%
5 years
-34.49%
10 years
-34.49%
 

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

0
Funds holding %
of 7,139 funds
Analysts bullish %

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

333% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 3

320% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 5

22% more funds holding

Funds holding: 41 [Q3] → 50 (+9) [Q4]

13% more capital invested

Capital invested by funds: $9.07M [Q3] → $10.2M (+$1.15M) [Q4]

2.0% more ownership

Funds ownership: 7.01% [Q3] → 9.01% (+2.0%) [Q4]

Research analyst outlook

We haven’t received any recent analyst ratings for DTI.

Financial journalist opinion

Neutral
PRNewsWire
2 days ago
Drilling Tools International Corp. Updates Estimated 2024 Full Year Financial Outlook
Announces Fourth Quarter and Full Year 2024 Earnings Release and Conference Call Schedule HOUSTON , Feb. 20, 2025 /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 updated its estimated 2024 full year financial outlook. Updated Full Year 2024 Financial Outlook 2024 Revenue to be at the high-end of previously disclosed guidance 2024 Adjusted EBITDA to be near the midpoint of previously disclosed guidance 2024 Adjusted Net Income to be above the high-end of previously disclosed guidance 2024 Adjusted Free Cash Flow to be more than double the prior year period Commenting on the Company's updated 2024 financial outlook, Wayne Prejean, DTI's Chief Executive Officer, stated, "I am pleased with the strong execution by our teams in the fourth quarter to close out 2024 despite a challenging demand environment in our industry.
Drilling Tools International Corp. Updates Estimated 2024 Full Year Financial Outlook
Positive
Zacks Investment Research
1 month ago
DTI Acquires Titan Tools to Strengthen Drilling Services
Drilling Tools International completes the Titan Tools acquisition, enhancing its global footprint and downhole drilling technology.
DTI Acquires Titan Tools to Strengthen Drilling Services
Neutral
PRNewsWire
1 month ago
Drilling Tools International Corp. Completes Acquisition of UK-Based Titan Tools Services Ltd.
Completed acquisition bolsters DTI's technological capabilities and service offerings, creating a comprehensive solution provider for the global drilling industry HOUSTON , Jan. 2, 2025 /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 the successful completion of its previously announced acquisition of Titan Tools Services Ltd. ("Titan"), a UK-based downhole tool rental company.
Drilling Tools International Corp. Completes Acquisition of UK-Based Titan Tools Services Ltd.
Neutral
Seeking Alpha
3 months ago
Drilling Tools International Corporation (DTI) Q3 2024 Earnings Call Transcript
Drilling Tools International Corporation (NASDAQ:DTI ) Q3 2024 Earnings Conference Call November 14, 2024 10:00 AM ET Company Participants Ken Dennard - IR Wayne Prejean - CEO David Johnson - CFO Conference Call Participants Jeff Grampp - Alliance Global Partners Steve Ferazani - Sidoti & Company Blake McLean - Daniel Energy Partners Operator Greetings, and welcome to the Drilling Tools International Third Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode.
Drilling Tools International Corporation (DTI) Q3 2024 Earnings Call Transcript
Positive
Zacks Investment Research
3 months ago
Drilling Tools International Corp. (DTI) Beats Q3 Earnings Estimates
Drilling Tools International Corp. (DTI) came out with quarterly earnings of $0.14 per share, beating the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $0.14 per share a year ago.
Drilling Tools International Corp. (DTI) Beats Q3 Earnings Estimates
Neutral
PRNewsWire
3 months ago
Drilling Tools International Corp. Reports 2024 Third Quarter Results
HOUSTON , Nov. 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 horizontal and directional drilling operations, as well as other cutting-edge solutions across the well life cycle, today reported its 2024 third quarter results. DTI generated total consolidated revenue of $40.1 million in the third quarter of 2024.
Drilling Tools International Corp. Reports 2024 Third Quarter Results
Neutral
PRNewsWire
3 months ago
Drilling Tools International Corp. Signs Definitive Agreement to Acquire UK-Based Titan Tools Services Ltd., Expanding its Global Reach in Downhole Tool Services
Strategic acquisition enhances DTI's product offerings and strengthens its presence in the North Sea, European and African markets, leveraging Titan's customer relationships and expertise HOUSTON , Oct. 31, 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 signed a definitive agreement on October 29, 2024 to acquire Titan Tools Services Ltd., a UK-based downhole tool rental company ("Titan"), for an undisclosed sum.
Drilling Tools International Corp. Signs Definitive Agreement to Acquire UK-Based Titan Tools Services Ltd., Expanding its Global Reach in Downhole Tool Services
Neutral
PRNewsWire
4 months ago
Drilling Tools International Corp. Announces 2024 Third Quarter Earnings Release and Conference Call Schedule
HOUSTON , Oct. 23, 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 third quarter financial results prior to the Company's live conference call, which can be accessed via dial-in or webcast, on Thursday, November 14, 2024 at 10:00 a.m. Eastern Time (9:00 a.m.
Drilling Tools International Corp. Announces 2024 Third Quarter Earnings Release and Conference Call Schedule
Neutral
PRNewsWire
4 months ago
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
Positive
Seeking Alpha
5 months ago
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
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