Superior Drilling (SDPI) Downgraded by Zacks Investment Research to “Sell”

Zacks Investment Research lowered shares of Superior Drilling (NYSEAMERICAN:SDPI) from a hold rating to a sell rating in a research report sent to investors on Saturday.

According to Zacks, “Superior Drilling Products, Inc. operates as a manufacturer and remanufacturer of PDC (polycrystalline diamond compact) drill bits and drill string tools for the oil, natural gas and mining services industries. It also provides manufacturing, leasing, and refurbishing of drill string tools to oil field services clients. Superior Drilling Products, Inc. is based in United States. “

Separately, TheStreet lowered Superior Drilling from a c- rating to a d+ rating in a research report on Tuesday, January 16th. Two investment analysts have rated the stock with a sell rating and two have issued a buy rating to the company’s stock. Superior Drilling currently has a consensus rating of Hold and a consensus price target of $1.83.

Shares of Superior Drilling opened at $2.17 on Friday, reports. Superior Drilling has a 12-month low of $2.28 and a 12-month high of $2.29.

Superior Drilling (NYSEAMERICAN:SDPI) last announced its earnings results on Thursday, March 8th. The oil and gas company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). The firm had revenue of $3.73 million during the quarter, compared to the consensus estimate of $3.71 million.

Superior Drilling 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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