FY2020 EPS Estimates for Superior Drilling Products Inc (SDPI) Raised by Analyst

Superior Drilling Products Inc (NYSEAMERICAN:SDPI) – Research analysts at Imperial Capital boosted their FY2020 earnings per share estimates for shares of Superior Drilling Products in a report released on Wednesday, May 15th. Imperial Capital analyst J. Wangler now expects that the oil and gas company will earn $0.11 per share for the year, up from their previous forecast of $0.07.

Other equities research analysts have also issued research reports about the company. Roth Capital raised Superior Drilling Products from a “neutral” rating to a “buy” rating and dropped their target price for the company from $4.00 to $2.00 in a research report on Friday, March 8th. Zacks Investment Research raised Superior Drilling Products from a “sell” rating to a “hold” rating in a research report on Tuesday.

Shares of Superior Drilling Products stock opened at $1.02 on Friday. Superior Drilling Products has a 52-week low of $0.88 and a 52-week high of $5.05.

Superior Drilling Products (NYSEAMERICAN:SDPI) last announced its earnings results on Thursday, May 9th. The oil and gas company reported ($0.01) earnings per share (EPS) for the quarter. The company had revenue of $5.04 million during the quarter, compared to analyst estimates of $5.24 million.

Several large investors have recently bought and sold shares of SDPI. JPMorgan Chase & Co. acquired a new position in shares of Superior Drilling Products during the 3rd quarter worth approximately $106,000. Renaissance Technologies LLC increased its position in shares of Superior Drilling Products by 16.9% during the 3rd quarter. Renaissance Technologies LLC now owns 413,282 shares of the oil and gas company’s stock worth $1,318,000 after purchasing an additional 59,799 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Superior Drilling Products by 85.1% during the 3rd quarter. Vanguard Group Inc. now owns 267,307 shares of the oil and gas company’s stock worth $853,000 after purchasing an additional 122,906 shares during the last quarter. Vanguard Group Inc increased its position in shares of Superior Drilling Products by 85.1% during the 3rd quarter. Vanguard Group Inc now owns 267,307 shares of the oil and gas company’s stock worth $853,000 after purchasing an additional 122,906 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of Superior Drilling Products during the 4th quarter worth approximately $31,000.

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. The company manufactures and refurbishes polycrystalline diamond compact drill bits for an oil field services company.

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