Superior Drilling Products, Inc. (SDPI) to Post FY2019 Earnings of $0.17 Per Share, Imperial Capital Forecasts

Superior Drilling Products, Inc. (NYSEAMERICAN:SDPI) – Stock analysts at Imperial Capital issued their FY2019 earnings per share (EPS) estimates for shares of Superior Drilling Products in a research report issued to clients and investors on Thursday. Imperial Capital analyst J. Wangler forecasts that the oil and gas company will post earnings per share of $0.17 for the year.

A number of other equities analysts have also commented on the company. ValuEngine raised Superior Drilling Products from a “strong sell” rating to a “sell” rating in a research note on Monday, October 2nd. 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 note on Tuesday, November 14th. Finally, TheStreet raised Superior Drilling Products from a “d” rating to a “c-” rating in a research note on Friday, December 1st. One equities research analyst has rated the stock with a sell rating and three have assigned a buy rating to the company. Superior Drilling Products has a consensus rating of “Buy” and a consensus target price of $1.83.

Shares of Superior Drilling Products (NYSEAMERICAN SDPI) traded down $0.02 during mid-day trading on Friday, reaching $1.63. The company had a trading volume of 87,142 shares, compared to its average volume of 85,676. The firm has a market cap of $39.14, a price-to-earnings ratio of -18.11 and a beta of -1.97. Superior Drilling Products has a twelve month low of $0.59 and a twelve month high of $1.77.

Superior Drilling Products (NYSEAMERICAN:SDPI) last announced its quarterly earnings results on Thursday, November 9th. The oil and gas company reported $0.02 EPS for the quarter. The company had revenue of $4.45 million during 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 position in shares of Superior Drilling Products, Inc. (NYSEAMERICAN:SDPI) by 2,836.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 616,733 shares of the oil and gas company’s stock after acquiring an additional 595,733 shares during the quarter. Adirondack Research & Management Inc. owned approximately 2.55% of Superior Drilling Products worth $493,000 at the end of the most recent reporting period.

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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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