Superior Drilling Products Inc (NYSEAMERICAN:SDPI)’s stock price was down 2.1% on Friday . The company traded as low as $0.84 and last traded at $0.84, approximately 5,512 shares changed hands during mid-day trading. A decline of 95% from the average daily volume of 116,283 shares. The stock had previously closed at $0.86.
A number of equities analysts recently weighed in on SDPI shares. Imperial Capital decreased their price target on Superior Drilling Products from $2.00 to $1.50 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Zacks Investment Research lowered Superior Drilling Products from a “hold” rating to a “sell” rating in a research report on Tuesday, July 30th. Finally, Dougherty & Co reiterated a “buy” rating on shares of Superior Drilling Products in a research report on Wednesday, May 22nd. One analyst has rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $1.58.
Superior Drilling Products (NYSEAMERICAN:SDPI) last announced its quarterly earnings results on Wednesday, July 31st. The oil and gas company reported ($0.02) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.01). The firm had revenue of $4.54 million during the quarter, compared to analyst estimates of $5.30 million.
About Superior Drilling Products (NYSEAMERICAN:SDPI)
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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