Superior Drilling Products, Inc. (SDPI) Raised to “Sell” at ValuEngine
ValuEngine upgraded shares of Superior Drilling Products, Inc. (NASDAQ:SDPI) from a strong sell rating to a sell rating in a research report sent to investors on Monday morning.
Several other equities analysts also recently weighed in on SDPI. Zacks Investment Research downgraded Superior Drilling Products from a hold rating to a sell rating in a research report on Wednesday, July 12th. Roth Capital set a $2.00 price target on Superior Drilling Products and gave the stock a buy rating in a research note on Monday, August 14th. Finally, Imperial Capital began coverage on Superior Drilling Products in a research note on Wednesday, August 23rd. They set an outperform rating and a $2.00 price target for the company.
Shares of Superior Drilling Products (NASDAQ SDPI) traded up 0.41% during mid-day trading on Monday, hitting $0.88. The company had a trading volume of 41,916 shares. The firm has a 50-day moving average of $0.73 and a 200-day moving average of $0.76. The company’s market cap is $13.24 million. Superior Drilling Products has a 12 month low of $0.59 and a 12 month high of $1.41.
Superior Drilling Products (NASDAQ:SDPI) last released its earnings results on Friday, August 11th. The oil and gas company reported $0.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. The business had revenue of $4.05 million for the quarter, compared to analysts’ expectations of $3.80 million.
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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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