Superior Drilling Products, Inc. (SDPI) Given a $2.00 Price Target by Roth Capital Analysts
Superior Drilling Products, Inc. (NASDAQ:SDPI) received a $2.00 price objective from research analysts at Roth Capital in a research report issued to clients and investors on Monday. The firm currently has a “buy” rating on the oil and gas company’s stock. Roth Capital’s price target indicates a potential upside of 194.12% from the company’s previous close.
Separately, Zacks Investment Research lowered Superior Drilling Products from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th.
Shares of Superior Drilling Products (NASDAQ:SDPI) traded down 2.72% during midday trading on Monday, reaching $0.68. The company’s stock had a trading volume of 193,568 shares. The company’s market capitalization is $10.23 million. Superior Drilling Products has a one year low of $0.59 and a one year high of $1.50. The stock’s 50-day moving average is $0.70 and its 200-day moving average is $0.84.
Superior Drilling Products (NASDAQ:SDPI) last released its quarterly earnings results on Friday, August 11th. The oil and gas company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.02. The firm had revenue of $4.05 million for the quarter, compared to analysts’ expectations of $3.80 million. On average, equities analysts expect that Superior Drilling Products will post ($0.02) earnings per share for the current fiscal year.
TRADEMARK VIOLATION NOTICE: “Superior Drilling Products, Inc. (SDPI) Given a $2.00 Price Target by Roth Capital Analysts” was originally published by Watch List News and is owned by of Watch List News. If you are accessing this story on another website, it was illegally copied and republished in violation of United States and international copyright laws. The correct version of this story can be viewed at https://www.watchlistnews.com/superior-drilling-products-inc-sdpi-given-a-2-00-price-target-by-roth-capital-analysts/1487779.html.
In other news, insider Lone Star Value Management Llc sold 200,000 shares of the firm’s stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $0.77, for a total transaction of $154,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders have bought 60,597 shares of company stock valued at $46,267.
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.
Receive News & Ratings for Superior Drilling Products Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Superior Drilling Products Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.