Superior Drilling Products (NYSEAMERICAN:SDPI) announced its earnings results on Thursday. The oil and gas company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02), MarketWatch Earnings reports. The firm had revenue of $4.77 million during the quarter, compared to analysts’ expectations of $5.82 million. Superior Drilling Products updated its FY 2018 guidance to EPS.

Shares of SDPI stock opened at $2.47 on Friday. Superior Drilling Products has a fifty-two week low of $0.94 and a fifty-two week high of $5.05.

A number of research analysts have recently issued reports on SDPI shares. Zacks Investment Research upgraded Superior Drilling Products from a “hold” rating to a “buy” rating and set a $3.00 target price on the stock in a research report on Thursday, September 13th. Imperial Capital raised their price objective on Superior Drilling Products from $3.00 to $5.00 and gave the company an “outperform” rating in a report on Thursday, October 18th. Finally, Roth Capital lowered Superior Drilling Products from a “buy” rating to a “neutral” rating in a report on Tuesday, September 18th.

A number of hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. acquired a new stake in shares of Superior Drilling Products in the 3rd quarter worth $106,000. EAM Investors LLC acquired a new stake in shares of Superior Drilling Products in the 3rd quarter worth $731,000. Finally, Renaissance Technologies LLC increased its stake in shares of Superior Drilling Products by 121.8% in the 2nd quarter. Renaissance Technologies LLC now owns 353,483 shares of the oil and gas company’s stock worth $686,000 after acquiring an additional 194,078 shares during the last 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; and the refurbishment of polycrystalline diamond compact drill bits for the oil, natural gas, and mining service industries.

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Earnings History for Superior Drilling Products (NYSEAMERICAN:SDPI)

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