Somewhat Positive Press Coverage Somewhat Unlikely to Impact Superior Drilling Products (SDPI) Stock Price
News headlines about Superior Drilling Products (NASDAQ:SDPI) have been trending somewhat positive this week, according to Accern. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Superior Drilling Products earned a daily sentiment score of 0.12 on Accern’s scale. Accern also gave headlines about the oil and gas company an impact score of 44.5459721279598 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Several brokerages have commented on SDPI. Roth Capital set a $2.00 price target on Superior Drilling Products and gave the stock a “buy” rating in a research report on Monday, August 14th. Imperial Capital began coverage on Superior Drilling Products in a research report on Wednesday, August 23rd. They issued an “outperform” rating and a $2.00 price objective for the company. Zacks Investment Research cut Superior Drilling Products from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Finally, ValuEngine downgraded shares of Superior Drilling Products from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $1.69.
Superior Drilling Products (SDPI) traded up 6.25% on Monday, hitting $0.85. 30,339 shares of the stock traded hands. The stock’s market cap is $12.78 million. Superior Drilling Products has a 52 week low of $0.59 and a 52 week high of $1.41. The firm’s 50 day moving average is $0.71 and its 200 day moving average is $0.77.
Superior Drilling Products (NASDAQ:SDPI) last issued its earnings results on Friday, August 11th. The oil and gas company reported $0.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. The business had revenue of $4.05 million for the quarter, compared to the consensus estimate of $3.80 million.
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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