Superior Drilling Products (SDPI) Upgraded by TheStreet to “C-“

TheStreet upgraded shares of Superior Drilling Products (NYSEAMERICAN:SDPI) from a d rating to a c- rating in a report released on Friday.

A number of other analysts have also weighed in on the company. Roth Capital set a $2.00 price objective on Superior Drilling Products and gave the stock a buy rating in a research report on Monday, August 14th. Imperial Capital initiated coverage on Superior Drilling Products in a research report on Wednesday, August 23rd. They set an outperform rating and a $2.00 price objective on the stock. Zacks Investment Research raised Superior Drilling Products from a hold rating to a buy rating and set a $1.25 price objective on the stock in a research report on Tuesday, November 14th. Finally, ValuEngine raised Superior Drilling Products from a strong sell rating to a sell rating in a research report on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. Superior Drilling Products currently has a consensus rating of Hold and an average target price of $1.75.

Superior Drilling Products (NYSEAMERICAN:SDPI) traded down $0.01 during trading hours on Friday, reaching $1.29. The company’s stock had a trading volume of 42,800 shares, compared to its average volume of 77,552. Superior Drilling Products has a one year low of $0.59 and a one year high of $1.41.

Superior Drilling Products (NYSEAMERICAN:SDPI) last released its quarterly earnings results on Thursday, November 9th. The oil and gas company reported $0.02 EPS for the quarter. The firm had revenue of $4.45 million for the quarter, compared to analyst estimates of $4.13 million.

An institutional investor recently raised its position in Superior Drilling Products stock. Adirondack Research & Management Inc. lifted its holdings in shares of Superior Drilling Products, Inc. (NYSEAMERICAN:SDPI) by 2,836.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 616,733 shares of the oil and gas company’s stock after buying an additional 595,733 shares during the period. Adirondack Research & Management Inc. owned approximately 2.55% of Superior Drilling Products worth $493,000 at the end of the most recent quarter.

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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.

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