Superior Drilling Products (NYSEAMERICAN:SDPI) has been assigned a $1.00 target price by stock analysts at Roth Capital in a research note issued to investors on Monday, TipRanks reports. The firm presently has a “buy” rating on the oil and gas company’s stock. Roth Capital’s price target indicates a potential upside of 26.58% from the stock’s previous close.

Several other brokerages have also recently weighed in on SDPI. Zacks Investment Research cut shares of Superior Drilling Products from a “hold” rating to a “sell” rating in a research note on Tuesday, July 30th. Dougherty & Co reissued a “buy” rating on shares of Superior Drilling Products in a research report on Wednesday, May 22nd. Finally, Imperial Capital reduced their price objective on Superior Drilling Products from $2.00 to $1.50 and set an “outperform” rating for the company in a research note on Friday, August 2nd. One analyst has rated the stock with a sell rating and three have issued a buy rating to the company’s stock. Superior Drilling Products currently has a consensus rating of “Buy” and a consensus target price of $1.25.

Superior Drilling Products stock traded down $0.02 during mid-day trading on Monday, reaching $0.79. 148,300 shares of the stock traded hands, compared to its average volume of 110,229. Superior Drilling Products has a 12-month low of $0.78 and a 12-month high of $5.05.

Superior Drilling Products (NYSEAMERICAN:SDPI) last announced its earnings results on Wednesday, July 31st. The oil and gas company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The business had revenue of $4.54 million during the quarter, compared to analyst estimates of $5.30 million.

A number of institutional investors have recently added to or reduced their stakes in SDPI. Geode Capital Management LLC purchased a new stake in Superior Drilling Products in the 4th quarter worth $101,000. Renaissance Technologies LLC lifted its position in shares of Superior Drilling Products by 24.6% in the second quarter. Renaissance Technologies LLC now owns 504,446 shares of the oil and gas company’s stock valued at $509,000 after acquiring an additional 99,700 shares in the last quarter. Punch & Associates Investment Management Inc. lifted its position in shares of Superior Drilling Products by 50.3% in the first quarter. Punch & Associates Investment Management Inc. now owns 386,200 shares of the oil and gas company’s stock valued at $510,000 after acquiring an additional 129,200 shares in the last quarter. Finally, JPMorgan Chase & Co. purchased a new position in shares of Superior Drilling Products in the second quarter valued at about $670,000.

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. The company manufactures and refurbishes polycrystalline diamond compact drill bits for an oil field services company.

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