Superior Drilling Products (SDPI) Upgraded at TheStreet
SDPI has been the subject of a number of other reports. Zacks Investment Research upgraded Superior Drilling Products from a hold rating to a buy rating and set a $1.25 price objective for the company in a report on Tuesday, November 14th. Roth Capital set a $2.00 price objective on Superior Drilling Products and gave the stock a buy rating in a report on Monday, August 14th. Imperial Capital initiated coverage on Superior Drilling Products in a report on Wednesday, August 23rd. They set an outperform rating and a $2.00 price objective for the company. Finally, ValuEngine upgraded Superior Drilling Products from a strong sell rating to a sell rating in a report on Thursday, November 9th. One 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. The stock currently has an average rating of Hold and an average price target of $1.75.
Superior Drilling Products (SDPI) traded down $0.01 during mid-day trading on Friday, reaching $1.29. The company had a trading volume of 42,800 shares, compared to its average volume of 77,552. Superior Drilling Products has a 12-month low of $0.59 and a 12-month high of $1.41.
Superior Drilling Products (NYSEAMERICAN:SDPI) last issued its quarterly earnings results on Thursday, November 9th. The oil and gas company reported $0.02 earnings per share for the quarter. The business had revenue of $4.45 million during 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. raised its position in Superior Drilling Products, Inc. (NYSEAMERICAN:SDPI) by 2,836.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 616,733 shares of the oil and gas company’s stock after buying 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 quarter.
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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