Superior Drilling Products (NYSEAMERICAN:SDPI) was downgraded by analysts at TheStreet from a “c-” rating to a “d+” rating in a research note issued on Tuesday.
Several other equities research analysts have also recently issued reports on SDPI. ValuEngine raised shares of Superior Drilling Products from a “strong sell” rating to a “sell” rating in a research report on Monday, October 2nd. Zacks Investment Research raised shares of Superior Drilling Products from a “hold” rating to a “buy” rating and set a $1.25 price target for the company in a research report on Tuesday, November 14th. One equities research analyst has rated the stock with a sell rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $1.83.
Superior Drilling Products (NYSEAMERICAN:SDPI) opened at $1.52 on Tuesday. Superior Drilling Products has a 52 week low of $0.59 and a 52 week high of $1.77. The company has a market cap of $35.25, a PE ratio of -16.89 and a beta of -1.97.
Superior Drilling Products (NYSEAMERICAN:SDPI) last released its quarterly earnings data on Thursday, November 9th. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter. The company had revenue of $4.45 million during the quarter, compared to analysts’ expectations of $4.13 million.
An institutional investor recently raised its position in Superior Drilling Products stock. Adirondack Research & Management Inc. raised its stake in shares of Superior Drilling Products, Inc. (NYSEAMERICAN:SDPI) by 2,836.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 616,733 shares of the oil and gas company’s stock after purchasing an additional 595,733 shares during the quarter. Adirondack Research & Management Inc. owned about 2.55% of Superior Drilling Products worth $493,000 at the end of the most recent reporting period.
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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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