4 - Drilling Tools International Corp (0001884516) (Issuer)

4 - Drilling Tools International Corp (0001884516) (Issuer)

4 - Drilling Tools International Corp (0001884516) (Issuer)

4 - Drilling Tools International Corp (0001884516) (Issuer)

4 - Drilling Tools International Corp (0001884516) (Issuer)

Alliance Global Partners initiated coverage of Drilling Tools International with a rating of Buy and set a new price target of $8.50

Jefferies initiated coverage of Drilling Tools International with a rating of Hold and set a new price target of $3.00

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 wellbo

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. Deep Casing Tools specializes in the design, engineering and manufacture of a range of patented and innovative products that add value to well construction, well completion and casing installation processes. Since 2012, Deep Casing Tools has supported operators within the energy sector globally, including areas within the Middle East as well as Europe, America and Asia. The firm was est

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

HOUSTON, June 27, 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, today announced the appointment of Mr. Roe Patterson to the DTI Board of Directors, effective June 21, 2023. Mr. Patterson will serve as a member of the Audit Committee of the Board. Following the appointment of Mr. Patterson, the Board is comprised of seven Directors, four of whom are independent. "We are pleased to welcome Roe to the DTI Board," said Thomas Hicks, Chairman of the Board. "As an industry vetera

10-Q - Drilling Tools International Corp (0001884516) (Filer)

8-K - Drilling Tools International Corp (0001884516) (Filer)

8-K - Drilling Tools International Corp (0001884516) (Filer)

8-K - Drilling Tools International Corp (0001884516) (Filer)

POS AM - Drilling Tools International Corp (0001884516) (Filer)

8-K/A - Drilling Tools International Corp (0001884516) (Filer)

8-K - Drilling Tools International Corp (0001884516) (Filer)

EFFECT - Drilling Tools International Corp (0001884516) (Filer)

S-3 - Drilling Tools International Corp (0001884516) (Filer)

10-Q - Drilling Tools International Corp (0001884516) (Filer)

Alliance Global Partners analyst Jeff Grampp initiates coverage on Drilling Tools Intl (NASDAQ:DTI) with a Buy rating and announces Price Target of $8.5.

Drilling Tools Intl (NASDAQ:DTI) reported quarterly earnings of $0.11 per share. This is a 62.07 percent decrease over earnings of $0.29 per share from the same period last year. The company reported $36.97 million in sales this quarter. This is a 9.38 percent decrease over sales of $40.80 million the same period last year.

Drilling Tools Intl (NASDAQ:DTI) reported quarterly earnings of $0.13 per share. This is a 62.86 percent decrease over earnings of $0.35 per share from the same period last year. The company reported $35.19 million in sales this quarter. This is a 4.01 percent decrease over sales of $36.66 million the same period last year.

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

Drilling Tools Intl (NASDAQ:DTI) has announced an acquisition of Superior Drilling Prods (AMEX:SDPI) that is expected to be completed in Q3 of 2024. Under the terms of the agreement, Drilling Tools Intl has agreed to give Superior Drilling Prods $32.20 million in cash & stock in exchange for SDPI stock. About The Companies Involved Drilling Tools International Corp Formerly Drilling Tools International Holdings Inc is an oilfield services company. It manufactures, rents, inspects, and refurbishes downhole drilling tools primarily for companies in the oil and natural gas industry for bottom hole assemblies used in onshore and offshore horizontal and directional drilling. Superior Drilling Pro

What Defines a Value Stock? A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. The following stocks are considered to be notable value stocks in the energy sector: Antero Resources (NYSE:AR) - P/E: 7.77 Equinor (NYSE:EQNR) - P/E: 6.89 Matador Resources (NYSE:MTDR) - P/E: 7.73 Drilling Tools Intl (NASDAQ:DTI) - P/E: 4.82 Overseas Shipholding Gr (NYSE:OSG) - P/E: 9.95 This quarter, Antero Resources experienced an increase in earnings per share, which was $-0.28 in Q2 and is now $0.08.

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.  Third quarter Tool Rental revenue was approximately $28.1 million and Product Sales revenue totaled $12.0 million. Total Operating Expenses were $35.8 million and I

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 ren

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. Central Time). What:            Drilling Tools International 20

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 wellbo

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 3rd through September 5th. In conjunction with hosting one-on-one meetings with current and prospective investors, DTI's investor presentation will be accessible by visiting the Com

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. EDT (8:30 a.m. MDT) on Tuesday, August 20th, and the live webcast can be accessed here: https://enercomdenver.com/webcast/confluence-c-webcast/. DTI's management will

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 a

Superior Drilling Products, Inc. (NYSE:SDPI) ("SDPI") announced today the preliminary results of the elections made by holders of SDPI common stock regarding the form of merger consideration to be received in connection with the pending acquisition of SDPI (the "Transaction") of Drilling Tools International Corporation (NASDAQ:DTI) ("DTI"). On July 29, 2024, the shareholders of SDPI approved the transactions contemplated by the Agreement and Plan of Merger entered into on March 6, 2024 among DTI, SDPI, DTI Merger Sub I, Inc., a Delaware corporation and direct wholly owned subsidiary of DTI ("Merger Sub I"), and DTI Merger Sub II, LLC, a Delaware limited liability company and direct wholly

Superior Drilling Products, Inc. (NYSE: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 of our shareholders. Their confidence reflects a shared recognition of the tremendous opportunities ahead as a combined company. We are committed to ensuring a seamless transition and are excited to embark on this new chapter." More than 9

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. Central Time). What: Drilling Tools International 2024 Second Quart