Superior Drilling Products (SDPI) Rating Lowered to Neutral at Roth Capital
Superior Drilling Products (NYSEAMERICAN:SDPI) was downgraded by equities research analysts at Roth Capital from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday, September 18th.
Several other analysts also recently weighed in on the company. Zacks Investment Research upgraded Superior Drilling Products from a “hold” rating to a “buy” rating and set a $3.00 price target on the stock in a research note on Thursday, September 13th. TheStreet upgraded Superior Drilling Products from a “d+” rating to a “c” rating in a research note on Monday, May 21st.
Shares of NYSEAMERICAN:SDPI opened at $3.33 on Tuesday. Superior Drilling Products has a 52-week low of $0.72 and a 52-week high of $3.33.
A hedge fund recently raised its stake in Superior Drilling Products stock. Renaissance Technologies LLC raised its holdings in shares of Superior Drilling Products Inc (NYSEAMERICAN:SDPI) by 121.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 353,483 shares of the oil and gas company’s stock after purchasing an additional 194,078 shares during the period. Renaissance Technologies LLC owned approximately 1.44% of Superior Drilling Products worth $686,000 at the end of the most recent quarter.
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; and the refurbishment of polycrystalline diamond compact drill bits for the oil, natural gas, and mining service industries.
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