Superior Drilling Products, Inc. (SDPI) Receives “Buy” Rating from Wunderlich
Wunderlich reiterated their buy rating on shares of Superior Drilling Products, Inc. (NASDAQ:SDPI) in a research report sent to investors on Tuesday morning. Wunderlich currently has a $2.00 target price on the stock, down from their prior target price of $3.00.
Separately, Zacks Investment Research lowered Superior Drilling Products from a hold rating to a sell rating in a research report on Tuesday, July 19th.
Shares of Superior Drilling Products (NASDAQ:SDPI) traded up 2.20% during midday trading on Tuesday, hitting $0.93. The stock had a trading volume of 2,600 shares. The stock’s 50-day moving average is $1.07 and its 200-day moving average is $1.51. Superior Drilling Products has a 12 month low of $0.84 and a 12 month high of $2.72. The stock’s market cap is $13.99 million.
Superior Drilling Products (NASDAQ:SDPI) last released its quarterly earnings results on Friday, August 12th. The company reported ($0.18) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by $0.10. Equities analysts anticipate that Superior Drilling Products will post ($0.29) EPS for the current year.
In related news, major shareholder Jeffrey E. Eberwein bought 18,655 shares of the company’s stock in a transaction on Monday, August 8th. The shares were acquired at an average cost of $1.38 per share, with a total value of $25,743.90. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Jeffrey E. Eberwein bought 511,565 shares of the company’s stock in a transaction on Friday, September 30th. The stock was bought at an average cost of $1.01 per share, for a total transaction of $516,680.65. The disclosure for this purchase can be found here.
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