Superior Drilling Products (SDPI) Cut to D+ at TheStreet

Superior Drilling Products (NYSEAMERICAN:SDPI) was downgraded by analysts at TheStreet from a “c-” rating to a “d+” rating in a research note issued to investors on Tuesday.

Several other equities research analysts also recently commented on SDPI. ValuEngine upgraded shares of Superior Drilling Products from a “strong sell” rating to a “sell” rating in a research note on Monday, October 2nd. Zacks Investment Research upgraded shares of Superior Drilling Products from a “hold” rating to a “buy” rating and set a $1.25 target price on the stock in a research note on Tuesday, November 14th. One analyst has rated the stock with a sell rating and three have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $1.83.

Shares of Superior Drilling Products (NYSEAMERICAN:SDPI) opened at $1.52 on Tuesday. Superior Drilling Products has a 52 week low of $0.59 and a 52 week high of $1.77. The company has a market cap of $35.25, a price-to-earnings ratio of -16.89 and a beta of -1.97.

Superior Drilling Products (NYSEAMERICAN:SDPI) last issued its 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 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. increased its stake in shares of Superior Drilling Products, Inc. (NYSEAMERICAN:SDPI) by 2,836.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 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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