Superior Drilling Products (NYSEAMERICAN:SDPI) announced its quarterly earnings results on Thursday. The oil and gas company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01), Fidelity Earnings reports. The business had revenue of $5.08 million for the quarter, compared to analysts’ expectations of $4.94 million.
Shares of SDPI opened at $0.94 on Friday. Superior Drilling Products has a fifty-two week low of $0.75 and a fifty-two week high of $2.90.
SDPI has been the topic of several research analyst reports. Imperial Capital dropped their price objective on shares of Superior Drilling Products from $2.00 to $1.50 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Roth Capital set a $1.00 price objective on shares of Superior Drilling Products and gave the company a “buy” rating in a research report on Monday, September 9th. Finally, Zacks Investment Research lowered shares of Superior Drilling Products from a “hold” rating to a “sell” rating in a research report on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $1.25.
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. The company manufactures and refurbishes polycrystalline diamond compact drill bits for an oil field services company.
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