Superior Drilling Products, Inc. (SDPI) Lowered to “Sell” at Zacks Investment Research
According to Zacks, “Superior Drilling Products, Inc. operates as a manufacturer and remanufacturer of PDC (polycrystalline diamond compact) drill bits and drill string tools for the oil, natural gas and mining services industries. It also provides manufacturing, leasing, and refurbishing of drill string tools to oil field services clients. Superior Drilling Products, Inc. is based in United States. “
Separately, Wunderlich reaffirmed a buy rating and issued a $2.00 price objective (down previously from $3.00) on shares of Superior Drilling Products in a report on Tuesday, October 4th.
Shares of Superior Drilling Products (NASDAQ:SDPI) traded up 2.4750% during trading on Friday, hitting $0.8902. 5,434 shares of the stock were exchanged. Superior Drilling Products has a 12-month low of $0.81 and a 12-month high of $2.72. The stock’s market cap is $13.39 million. The stock has a 50-day moving average of $1.05 and a 200 day moving average of $1.50.
Superior Drilling Products (NASDAQ:SDPI) last released its quarterly earnings data on Friday, August 12th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by $0.10. Equities analysts predict that Superior Drilling Products will post ($0.35) earnings per share for the current fiscal year.
In other news, major shareholder Jeffrey E. Eberwein purchased 511,565 shares of Superior Drilling Products stock in a transaction dated Friday, September 30th. The stock was bought at an average price of $1.01 per share, with a total value of $516,680.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Jeffrey E. Eberwein purchased 18,655 shares of Superior Drilling Products stock in a transaction dated Monday, August 8th. The shares were purchased at an average cost of $1.38 per share, with a total value of $25,743.90. The disclosure for this purchase can be found here.
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