Superior Drilling Products, Inc. (NYSEAMERICAN:SDPI) – Imperial Capital reduced their FY2017 earnings per share (EPS) estimates for Superior Drilling Products in a note issued to investors on Friday. Imperial Capital analyst J. Wangler now forecasts that the oil and gas company will post earnings per share of ($0.01) for the year, down from their prior forecast of $0.02. Imperial Capital also issued estimates for Superior Drilling Products’ Q1 2018 earnings at $0.00 EPS, Q2 2018 earnings at $0.01 EPS, Q3 2018 earnings at $0.02 EPS, FY2018 earnings at $0.06 EPS and FY2019 earnings at $0.14 EPS.
Several other equities research analysts have also recently weighed in on the company. ValuEngine raised Superior Drilling Products from a “strong sell” rating to a “sell” rating in a research note on Thursday, November 9th. Zacks Investment Research raised Superior Drilling Products from a “sell” rating to a “buy” rating and set a $1.50 price objective on the stock in a research note on Thursday, January 11th. Finally, TheStreet raised Superior Drilling Products from a “d” rating to a “c-” rating in a research note on Friday, December 1st. Two equities research analysts have rated the stock with a sell rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $1.83.
Shares of Superior Drilling Products (SDPI) opened at $1.59 on Monday. Superior Drilling Products has a twelve month low of $0.59 and a twelve month high of $1.77. The stock has a market capitalization of $37.44, a PE ratio of -18.11 and a beta of -1.79.
A hedge fund recently raised its stake in Superior Drilling Products stock. Adirondack Research & Management Inc. raised its holdings in shares of Superior Drilling Products, Inc. (NYSEAMERICAN:SDPI) by 2,836.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 about 2.55% of Superior Drilling Products worth $493,000 at the end of the most recent reporting period.
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About Superior Drilling Products
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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