Analysis

Jefferies Maintains "Hold Rating" on Drilling Tools International

05/14/2024

News

Drilling Tools International Corp. Announces Expected Addition to Russell US Indexes

HOUSTON , June 10, 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 expects to be added to the Russell 2000®, Russell 2500®, Russell 3000®, Russell Small Cap Completeness® Index and Russell Microcap® Index as part of the Russell Indexes' 2024 Annual Reconstitution later this month. DTI is expected to be added to these indexes after equity markets close on June 28, 2024 and is expected to begin trading as a component of these indexes when equity markets open on Monday, July 1, 2024.

06/10/2024

Drilling Tools International Corp. to Webcast Sidoti Virtual Conference Investor Presentation on June 12th at 10:00 a.m. EDT

HOUSTON , June 5, 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 will webcast its presentation at the Sidoti & Company June 2024 Small-Cap Virtual Conference. The Company's presentation will begin at 10:00 a.m.

06/05/2024

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Drilling Tools International Corp. (DTI) can buy. Click on Rating Page for detail.

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The price of Drilling Tools International Corp. (DTI) is 5.62 and it was updated on 2024-06-29 07:13:24.

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Currently Drilling Tools International Corp. (DTI) is in undervalued.

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DTI Has Better Margins And Lower Valuation Than Its Peers Drilling Tools International went public last year to take advantage of the consolidation trend in the drilling industry and increase its market share. More than 50% of DTI shares are owned by Hicks Private Equity, with management holding more than 10% of shares outstanding. DTI has shown better margins and return on invested capital compared to its peers while having a lower valuation. Wed, May. 15, 2024
Superior Drilling Products Reports First Quarter 2024 Results VERNAL, Utah--(BUSINESS WIRE)--Superior Drilling Products, Inc. (NYSE American: SDPI) (“SDP” or the “Company”), a designer and manufacturer of drilling tool technologies, today reported financial results for the first quarter ended March 31, 2024. On March 7, 2024, Drilling Tools International Corp. (“DTI”) (Nasdaq: DTI) and SDP jointly announced they have entered into a definitive agreement under which DTI agreed to acquire SDP for total consideration of approximately $32.2 million. The closin. Tue, May. 14, 2024
Drilling Tools International Corp. Announces Upcoming Investor Conference Schedule HOUSTON , May 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 announced that DTI's senior management will be participating in several upcoming investor conferences during the second quarter. A copy of the investor presentation will be accessible on the Investor Relations section of the Company's website https://investors.drillingtools.com/news-events/presentations. Mon, May. 13, 2024
SUPERIOR DRILLING INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Superior Drilling Products, Inc. - SDPI NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Superior Drilling Products, Inc. (the "Company") (NYSE: SDPI) to Drilling Tools International Corp. (NasdaqCM: DTI) for approximately $32.2 million in cash and Drilling Tools stock. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration. Sun, May. 12, 2024
Drilling Tools International Corporation (DTI) Q1 2024 Earnings Call Transcript Drilling Tools International Corporation (NASDAQ:DTI ) Q1 2024 Earnings Conference Call May 10, 2024 11:00 AM ET Company Participants Ken Dennard - Investor Relations Wayne Prejean - Chief Executive Officer David Johnson - Chief Financial Officer Conference Call Participants Jeff Grampp - Alliance Global Partners Steve Ferazani - Sidoti & Company John Daniel - Daniel Energy Operator Greetings and welcome to the Drilling Tools International 2024 First Quarter Earnings Conference Call. At this time, all participants are on the listen-only mode. Fri, May. 10, 2024

Transcripts

Transcipts Data
Drilling Tools International Corp. (DTI) on Q1 2024 Results - Earnings Call Transcript SA Transcripts Fri, May. 10, 2024
Drilling Tools International Corp. (DTI) on Q4 2023 Results - Earnings Call Transcript SA Transcripts Thu, Mar. 28, 2024

SEC Filings

SEC Filings
Drilling Tools International Corp. (DTI) - EFFECT SEC Filings 09/08/2023
Drilling Tools International Corp. (DTI) - 424B3 SEC Filings 09/07/2023
Drilling Tools International Corp. (DTI) - S-1/A SEC Filings 08/30/2023
Drilling Tools International Corp. (DTI) - S-8 SEC Filings 08/28/2023
Drilling Tools International Corp. (DTI) - S-1/A SEC Filings 08/16/2023
Drilling Tools International Corp. (DTI) - 10-Q - Quarterly Report SEC Filings 08/14/2023
Drilling Tools International Corp. (DTI) - SC 13G/A SEC Filings 07/10/2023
Drilling Tools International Corp. (DTI) - 25-NSE SEC Filings 06/20/2023
Drilling Tools International Corp. (DTI) - S-4/A SEC Filings 04/03/2023
Drilling Tools International Corp. (DTI) - 425 SEC Filings 03/22/2023
Drilling Tools International Corp. (DTI) - 10-K - Current report SEC Filings 03/20/2023
Drilling Tools International Corp. (DTI) - 8-K - Current report SEC Filings 03/07/2023
Drilling Tools International Corp. (DTI) - 425 SEC Filings 03/07/2023
Drilling Tools International Corp. (DTI) - 8-K - Current report SEC Filings 03/03/2023
Drilling Tools International Corp. (DTI) - 425 SEC Filings 02/15/2023
Drilling Tools International Corp. (DTI) - SC 13G SEC Filings 02/14/2023
Drilling Tools International Corp. (DTI) - S-4 SEC Filings 02/14/2023
Drilling Tools International Corp. (DTI) - 8-K - Current report SEC Filings 02/14/2023
Drilling Tools International Corp. (DTI) - 425 SEC Filings 02/14/2023
Drilling Tools International Corp. (DTI) - SC 13G/A SEC Filings 01/25/2023
Drilling Tools International Corp. (DTI) - 8-K - Current report SEC Filings 01/20/2023
Drilling Tools International Corp. (DTI) - 8-K - Current report SEC Filings 12/12/2022
Drilling Tools International Corp. (DTI) - 8-K - Current report SEC Filings 12/02/2022
Drilling Tools International Corp. (DTI) - 10-Q - Quarterly Report SEC Filings 11/08/2022
Drilling Tools International Corp. (DTI) - 10-Q - Quarterly Report SEC Filings 08/12/2022
Drilling Tools International Corp. (DTI) - 10-Q - Quarterly Report SEC Filings 05/16/2022
Drilling Tools International Corp. (DTI) - 10-K - Current report SEC Filings 03/24/2022
Drilling Tools International Corp. (DTI) - SC 13G/A SEC Filings 02/17/2022
Drilling Tools International Corp. (DTI) - SC 13G/A SEC Filings 02/14/2022
Drilling Tools International Corp. (DTI) - SC 13G/A SEC Filings 02/03/2022
Drilling Tools International Corp. (DTI) - 8-K - Current report SEC Filings 12/27/2021
Drilling Tools International Corp. (DTI) - SC 13G SEC Filings 12/16/2021
Drilling Tools International Corp. (DTI) - SC 13D SEC Filings 12/16/2021
Drilling Tools International Corp. (DTI) - SC 13G SEC Filings 12/10/2021
Drilling Tools International Corp. (DTI) - 8-K - Current report SEC Filings 12/10/2021
Drilling Tools International Corp. (DTI) - 8-K - Current report SEC Filings 12/07/2021
Drilling Tools International Corp. (DTI) - 424B4 SEC Filings 12/03/2021
Drilling Tools International Corp. (DTI) - EFFECT SEC Filings 12/02/2021
Drilling Tools International Corp. (DTI) - S-1MEF SEC Filings 12/01/2021
Drilling Tools International Corp. (DTI) - CERT SEC Filings 12/01/2021
Drilling Tools International Corp. (DTI) - CORRESP SEC Filings 11/29/2021
Drilling Tools International Corp. (DTI) - 8-A12B SEC Filings 11/29/2021
Drilling Tools International Corp. (DTI) - S-1/A SEC Filings 11/18/2021
Drilling Tools International Corp. (DTI) - S-1/A SEC Filings 11/15/2021
Drilling Tools International Corp. (DTI) - S-1 SEC Filings 11/09/2021
Drilling Tools International Corp. (DTI) - UPLOAD SEC Filings 11/01/2021
Drilling Tools International Corp. (DTI) - DRS SEC Filings 10/27/2021

Press Releases

StockPrice Release
Drilling tools international corp. announces expected addition to russell us indexes 06/10/2024
Drilling tools international corp. to webcast sidoti virtual conference investor presentation on june 12th at 10:00 a.m. edt 06/05/2024
Superior drilling products reports first quarter 2024 results 05/14/2024
Drilling tools international corp. announces upcoming investor conference schedule 05/13/2024
Superior drilling investor alert by the former attorney general of louisiana: kahn swick & foti, llc investigates adequacy of price and process in proposed sale of superior drilling products, inc. - sdpi 05/12/2024
Drilling tools international corp. reports 2024 first quarter results 05/09/2024
Drilling tools international corp. announces 2024 first quarter earnings release and conference call schedule 04/25/2024
Drilling tools international corp. amends and extends abl credit facility and enters into new term loan 03/18/2024
Drilling tools international corp. closes on acquisition of deep casing tools 03/18/2024
Superior drilling investor alert by the former attorney general of louisiana: kahn swick & foti, llc investigates adequacy of price and process in proposed sale of superior drilling products, inc. - sdpi 03/12/2024
Drilling tools international provides preliminary estimates of 2023 full year results 03/07/2024
Drilling tools international reports third quarter 2023 financial results 11/13/2023
Drilling tools international reports second quarter 2023 financial results 08/14/2023

More Headlines

News
Drilling Tools International Corp. Reports 2024 First Quarter Results Company Reaffirms 2024 Outlook HOUSTON , May 9, 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 2024 first quarter results and reaffirmed its 2024 full year outlook. DTI generated total consolidated revenue of $37 million in the first quarter of 2024. 05/09/2024
Drilling Tools International Corp. Announces 2024 First Quarter Earnings Release and Conference Call Schedule HOUSTON , April 25, 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 first quarter financial results prior to the Company's live conference call, which can be accessed via dial-in or webcast, on Friday, May 10, 2024 at 11:00 a.m. Eastern Time (10:00 a.m. 04/25/2024
Drilling Tools International Corp. (DTI) Q4 2023 Earnings Call Transcript Drilling Tools International Corp. (DTI) Q4 2023 Earnings Call Transcript 03/28/2024
Drilling Tools International Corp. Amends and Extends ABL Credit Facility and Enters into New Term Loan ABL Amendment Provides Additional Financial Flexibility, Extends Maturity to 2029 and Modifies Certain Financial Covenants New Term Loan Adds $25 Million of Increased Borrowing Capacity HOUSTON , March 18, 2024 /PRNewswire/ -- Drilling Tools International Corp. (NASDAQ: DTI) ("DTI" or the "Company"), a global oilfield services company that manufactures and provides a differentiated, rental-focused offering of tools for use in onshore and offshore horizontal and directional drilling operations, today announced that it has completed an amendment (the "ABL Amendment") to its existing Amended and Restated Senior Secured Asset-Based Revolving Credit, Security And Guaranty Agreement, with PNC Business Credit, a division of PNC Bank, National Association (the "ABL Credit Facility"). The ABL Amendment, among other things, increases the borrowing capacity from $60 million to $80 million, improves pricing to SOFR + 2.50%, and removes certain negative financial covenants. 03/18/2024
Drilling Tools International Corp. Closes on Acquisition of Deep Casing Tools HOUSTON , March 18, 2024 /PRNewswire/ -- Drilling Tools International Corp. ("DTI" or the "Company") (NASDAQ: DTI), today announced it has closed on the acquisition of UK-based Deep Casing Tools ("DCT"), a global leader in innovative downhole technology solutions. Details of the transaction were not disclosed. 03/18/2024
Drilling Tools (DTI) to Acquire Drill-N-Ream Patent Holder Drilling Tools (DTI) inks an agreement to acquire Superior Drilling Products, Inc. for approximately $32.2 million. 03/13/2024
SUPERIOR DRILLING INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Superior Drilling Products, Inc. - SDPI NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Superior Drilling Products, Inc. (the "Company") (NYSE: SDPI) to Drilling Tools International Corp. (NasdaqCM: DTI) for approximately $32.2 million in cash and Drilling Tools stock. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration. 03/12/2024
Drilling Tools International Provides Preliminary Estimates of 2023 Full Year Results Company announces 2023 year end conference call for March 28, 2024 HOUSTON , March 7, 2024 /PRNewswire/ -- Drilling Tools International Corp., (NASDAQ: DTI) ("DTI" or the "Company"), a global oilfield services company that manufactures and provides a differentiated, rental-focused offering of tools for use in onshore and offshore horizontal and directional drilling operations, today provided preliminary estimate ranges for selected 2023 full year results. 03/07/2024
Drilling Tools International Is A Growing, Discount Value Play Drilling Tools International has shown promising growth after a recent deal, with surging revenue and margins. DTI primarily rents out drilling tools, with North America being its main source of revenue. DTI has strong operating cash flow and potential for growth in the European market. Its low PE ratio makes it an attractive investment. 12/22/2023
Top 4 Energy Stocks Which Could Rescue Your Portfolio This Month - Permian Basin Royalty (NYSE:PBT), Drilling Tools Intl (NASDAQ:DTI) The most oversold stocks in the energy sector presents an opportunity to buy into undervalued companies. 12/14/2023
Drilling Tools International Reports Third Quarter 2023 Financial Results HOUSTON, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Drilling Tools International Corp., (“DTI” or the “Company”) (Nasdaq: DTI), a leading oilfield services company that manufactures and provides a differentiated, rental-focused offering of tools for use in horizontal and directional drilling, operating from 20 locations across North America, Europe and the Middle East, today reported its financial and operational results for the third quarter ended September 30, 2023. 11/13/2023
3 Oil Stocks to Sell in September Before They Crash & Burn As many remember, both in their minds and pockets, Brent crude prices reached a decade-high last year, impacting oil prices globally. In 2023, global crude prices thankfully moderated in the first half. 09/13/2023
Top 3 Energy Stocks That Are Preparing To Pump In September - Borr Drilling (NYSE:BORR), Cosan (NYSE:CSAN) The most oversold stocks in the energy sector presents an opportunity to buy into undervalued companies. 09/01/2023
Drilling Tools International: Significantly Undervalued Oil, And Gas Play Drilling Tools International has lowered its guidance but still expects close to 2-3x adjusted EBITDA with a 33.5% EBITDA margin. The directional drilling solutions services market is expected to grow at a CAGR of 9.5% from now to 2030, which could lead to FCF margin growth. The company's solid balance sheet, lack of debt, and potential for increased stock visibility suggest that it is significantly undervalued. 08/22/2023
Drilling Tools International Reports Second Quarter 2023 Financial Results Second Quarter 2023 Revenue Grew 25% Year-over-Year to $37.9 million Successful completion of business combination; Shares commenced trading on Nasdaq HOUSTON, Aug. 14, 2023 (GLOBE NEWSWIRE) -- Drilling Tools International Corp., (“DTI” or the “Company”) (Nasdaq: DTI), a leading oilfield services company that manufactures and provides a differentiated, rental-focused offering of tools for use in horizontal and directional drilling, operating from 22 locations across North America, Europe and the Middle East, today reported its financial and operational results for the quarter ended June 30, 2023. Second Quarter Financial Highlights Net Revenue of $37.9 million increased 25% from $30.4 million in Q2 2022 Operating expenses of $(31.3) million were higher compared to $(22.3) million in Q2 2022 Net Income was $0.9 million, compared to $5.9 million in Q2 2022 Diluted Earnings Per Share was $0.05, compared to $0.30 in Q2 2022 Adjusted EBITDA was $13.3 million, compared to $8.8 million in Q2 2022 Operational and Business Highlights Completed business combination with ROC Energy Acquisition Corp. Became a publicly traded company, commencing trading on Nasdaq on June 21, under the ticker “DTI” In June, announced the appointment of Thomas “Roe” Patterson to the DTI Board of Directors. 08/14/2023

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Drilling Tools International Corp. Reports 2024 First Quarter Results

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

Drilling Tools International Corp. (DTI) Q4 2023 Earnings Call Transcript

Drilling Tools International Corp. Amends and Extends ABL Credit Facility and Enters into New Term Loan

Drilling Tools International Corp. Closes on Acquisition of Deep Casing Tools

Drilling Tools (DTI) to Acquire Drill-N-Ream Patent Holder

SUPERIOR DRILLING INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Superior Drilling Products, Inc. - SDPI

Drilling Tools International Provides Preliminary Estimates of 2023 Full Year Results

Drilling Tools International Is A Growing, Discount Value Play

Top 4 Energy Stocks Which Could Rescue Your Portfolio This Month - Permian Basin Royalty (NYSE:PBT), Drilling Tools Intl (NASDAQ:DTI)

Drilling Tools International Reports Third Quarter 2023 Financial Results

3 Oil Stocks to Sell in September Before They Crash & Burn

Top 3 Energy Stocks That Are Preparing To Pump In September - Borr Drilling (NYSE:BORR), Cosan (NYSE:CSAN)

Drilling Tools International: Significantly Undervalued Oil, And Gas Play

Drilling Tools International Reports Second Quarter 2023 Financial Results

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