Superior Drilling Products (SDPI) Stock Rating Upgraded by TheStreet
Superior Drilling Products (NYSEAMERICAN:SDPI) was upgraded by equities researchers at TheStreet from a “d” rating to a “c-” rating in a research note issued to investors on Friday.
Several other analysts also recently weighed in on the stock. ValuEngine upgraded shares of Superior Drilling Products from a “strong sell” rating to a “sell” rating in a report on Thursday, November 9th. Imperial Capital initiated coverage on shares of Superior Drilling Products in a report on Wednesday, August 23rd. They issued an “outperform” rating and a $2.00 target price for the company. Zacks Investment Research upgraded shares of Superior Drilling Products from a “hold” rating to a “buy” rating and set a $1.25 target price for the company in a report on Tuesday, November 14th. Finally, Roth Capital set a $2.00 target price on shares of Superior Drilling Products and gave the company a “buy” rating in a report on Monday, August 14th. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $1.75.
Superior Drilling Products (NYSEAMERICAN:SDPI) traded down $0.01 during mid-day trading on Friday, hitting $1.29. 42,800 shares of the stock traded hands, compared to its average volume of 77,552. Superior Drilling Products has a 1 year low of $0.59 and a 1 year high of $1.41.
An institutional investor recently raised its position in Superior Drilling Products stock. Adirondack Research & Management Inc. boosted its stake in 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 and Exchange Commission (SEC). The fund owned 616,733 shares of the oil and gas company’s stock after acquiring an additional 595,733 shares during the period. Adirondack Research & Management Inc. owned about 2.55% of Superior Drilling Products worth $493,000 as of its most recent SEC filing.
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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