Drilling Tools International Appoints Interim Chairman

An update from Drilling Tools International ( (DTI) ) is now available.

On December 9, 2025, Drilling Tools International appointed Mr. Wayne Prejean as interim Chairman of the Board following the passing of Mr. Thomas Hicks. Mr. Prejean, who has been with the company since 2013 and has over 45 years of industry experience, will continue to serve as President and CEO while the Board searches for a permanent Chairman. This appointment signifies a continuity in leadership and stability for the company during this transition period.

The most recent analyst rating on (DTI) stock is a Hold with a $2.50 price target. To see the full list of analyst forecasts on Drilling Tools International stock, see the DTI Stock Forecast page.

Spark’s Take on DTI Stock

According to Spark, TipRanks’ AI Analyst, DTI is a Neutral.

Drilling Tools International’s overall stock score is primarily impacted by financial challenges, including declining revenue and profitability. Technical analysis shows some positive momentum, and the earnings call provided a balanced view with strategic growth in certain regions. However, poor valuation metrics and ongoing market volatility present significant risks.

To see Spark’s full report on DTI stock, click here.

More about Drilling Tools International

Drilling Tools International Corporation operates in the oilfield services industry, specializing in providing directional drilling and medium radius horizontal drilling technology. The company focuses on offering specialty automatic drilling equipment for drilling rigs and has a significant presence in both domestic and international markets.

Average Trading Volume: 88,198

Technical Sentiment Signal: Hold

Current Market Cap: $93.98M

Learn more about DTI stock on TipRanks’ Stock Analysis page.