Superior Drilling Products, Inc. (SDPI) Rating Increased to Hold 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 reissued a “buy” rating and set a $2.00 price target (down from $3.00) on shares of Superior Drilling Products in a research report on Tuesday, October 4th.
Superior Drilling Products (NASDAQ:SDPI) opened at 0.98 on Wednesday. The company has a 50-day moving average of $0.91 and a 200-day moving average of $1.38. The stock’s market capitalization is $14.74 million. Superior Drilling Products has a 52-week low of $0.77 and a 52-week high of $2.72.
Superior Drilling Products (NASDAQ:SDPI) last released its quarterly earnings results on Monday, November 14th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.03. Equities research analysts expect that Superior Drilling Products will post ($0.40) EPS for the current year.
In other Superior Drilling Products news, major shareholder Jeffrey E. Eberwein bought 50,000 shares of the business’s stock in a transaction on Friday, October 21st. The shares were bought at an average cost of $0.87 per share, with a total value of $43,500.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jeffrey E. Eberwein sold 1,725,889 shares of the company’s stock in a transaction that occurred on Wednesday, October 26th. The shares were sold at an average price of $0.84, for a total value of $1,449,746.76. The disclosure for this sale can be found here.
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