Drilling Tools International (DTI) vs. Its Competitors Financial Analysis

Drilling Tools International (NASDAQ:DTIGet Free Report) is one of 23 publicly-traded companies in the “Oil & gas field machinery” industry, but how does it contrast to its competitors? We will compare Drilling Tools International to related businesses based on the strength of its valuation, institutional ownership, risk, profitability, dividends, analyst recommendations and earnings.

Institutional & Insider Ownership

2.8% of Drilling Tools International shares are held by institutional investors. Comparatively, 73.6% of shares of all “Oil & gas field machinery” companies are held by institutional investors. 14.7% of Drilling Tools International shares are held by insiders. Comparatively, 10.4% of shares of all “Oil & gas field machinery” companies are held by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.

Earnings and Valuation

This table compares Drilling Tools International and its competitors gross revenue, earnings per share and valuation.

Gross Revenue Net Income Price/Earnings Ratio
Drilling Tools International $152.03 million $14.75 million 12.72
Drilling Tools International Competitors $4.61 billion -$174.24 million 5.40

Drilling Tools International’s competitors have higher revenue, but lower earnings than Drilling Tools International. Drilling Tools International is trading at a higher price-to-earnings ratio than its competitors, indicating that it is currently more expensive than other companies in its industry.

Analyst Ratings

This is a summary of current ratings for Drilling Tools International and its competitors, as reported by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Drilling Tools International 0 1 0 0 2.00
Drilling Tools International Competitors 165 1362 1564 44 2.47

Drilling Tools International currently has a consensus target price of $3.00, indicating a potential downside of 45.16%. As a group, “Oil & gas field machinery” companies have a potential upside of 22.17%. Given Drilling Tools International’s competitors stronger consensus rating and higher possible upside, analysts plainly believe Drilling Tools International has less favorable growth aspects than its competitors.

Risk & Volatility

Drilling Tools International has a beta of -0.96, suggesting that its share price is 196% less volatile than the S&P 500. Comparatively, Drilling Tools International’s competitors have a beta of 1.66, suggesting that their average share price is 66% more volatile than the S&P 500.

Profitability

This table compares Drilling Tools International and its competitors’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Drilling Tools International 8.21% 15.18% 9.59%
Drilling Tools International Competitors 4.73% 9.73% 5.77%

Summary

Drilling Tools International competitors beat Drilling Tools International on 7 of the 13 factors compared.

About Drilling Tools International

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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. In addition, it offers tool rental services, which consists of rental, inspection, machining, and repair services; rents downhole drilling tools used in horizontal and directional drilling of oil and natural gas; rents kellys, pip joints, work strings; maintains a fleet of rental equipment consisting of drill collars, stabilizers, crossover subs, wellbore conditioning tools, drill pipe, hevi-wate drill pipe, and tubing; rents surface control equipment, such as blowout preventers and handling tools; and provides downhole products for producing wells. Drilling Tools International Corporation is headquartered in Houston, Texas.

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