A number of other analysts also recently issued reports on SDPI. Roth Capital set a $2.00 price target on Superior Drilling Products and gave the stock a buy rating in a report on Monday, August 14th. Imperial Capital assumed coverage on Superior Drilling Products in a report on Wednesday, August 23rd. They set an outperform rating and a $2.00 price target for the company. ValuEngine downgraded Superior Drilling Products from a sell rating to a strong sell rating in a report on Friday, September 1st. Finally, Zacks Investment Research raised Superior Drilling Products from a hold rating to a buy rating and set a $1.25 target price for the company in a report on Tuesday, November 14th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $1.75.
Superior Drilling Products (SDPI) traded down $0.01 on Friday, reaching $1.27. The company had a trading volume of 24,800 shares, compared to its average volume of 75,978. Superior Drilling Products has a 1 year low of $0.59 and a 1 year high of $1.35.
Superior Drilling Products (NYSEAMERICAN:SDPI) last released its earnings results on Thursday, November 9th. The oil and gas company reported $0.02 EPS for the quarter. The company had revenue of $4.45 million for the quarter, compared to analyst estimates of $4.13 million.
An institutional investor recently raised its position in Superior Drilling Products stock. Adirondack Research & Management Inc. grew its holdings in shares of Superior Drilling Products, Inc. (NYSEAMERICAN:SDPI) by 2,836.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 616,733 shares of the oil and gas company’s stock after purchasing an additional 595,733 shares during the period. Adirondack Research & Management Inc. owned approximately 2.55% of Superior Drilling Products worth $493,000 at the end of the most recent reporting period.
Superior Drilling Products Company Profile
Superior Drilling Products, Inc, a drilling and completion tool technology company, innovates, designs, engineers, manufactures, sells, rents, and repairs drilling and completion tools in the United States and internationally. It is involved in the design and manufacture of new drill bit and horizontal drill string enhancement tools for the oil, natural gas, and mining services industries; and the refurbishment of polycrystalline diamond compact drill bits.
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