Superior Drilling Products (SDPI) Earns Buy Rating from Dougherty & Co
Dougherty & Co reiterated their buy rating on shares of Superior Drilling Products (NYSEAMERICAN:SDPI) in a research note issued to investors on Wednesday morning, Zacks.com reports. Dougherty & Co also issued estimates for Superior Drilling Products’ Q2 2019 earnings at $0.00 EPS, FY2019 earnings at ($0.01) EPS and FY2020 earnings at $0.08 EPS.
A number of other equities research analysts have also recently commented on the company. Zacks Investment Research raised Superior Drilling Products from a strong sell rating to a hold rating in a research note on Wednesday, January 30th. Roth Capital raised Superior Drilling Products from a neutral rating to a buy rating and decreased their price objective for the stock from $4.00 to $2.00 in a research note on Friday, March 8th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Superior Drilling Products has a consensus rating of Buy and a consensus price target of $2.08.
NYSEAMERICAN SDPI opened at $0.95 on Wednesday. Superior Drilling Products has a 52 week low of $0.88 and a 52 week high of $5.05.
A number of hedge funds have recently bought and sold shares of the business. Prescott Group Capital Management L.L.C. bought a new position in Superior Drilling Products during the fourth quarter worth about $503,000. Punch & Associates Investment Management Inc. lifted its holdings in Superior Drilling Products by 50.3% during the first quarter. Punch & Associates Investment Management Inc. now owns 386,200 shares of the oil and gas company’s stock worth $510,000 after acquiring an additional 129,200 shares in the last quarter. Vanguard Group Inc lifted its holdings in Superior Drilling Products by 85.1% during the third quarter. Vanguard Group Inc now owns 267,307 shares of the oil and gas company’s stock worth $853,000 after acquiring an additional 122,906 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Superior Drilling Products by 85.1% during the third quarter. Vanguard Group Inc. now owns 267,307 shares of the oil and gas company’s stock worth $853,000 after acquiring an additional 122,906 shares in the last quarter. Finally, Alambic Investment Management L.P. bought a new position in Superior Drilling Products during the fourth quarter worth about $125,000.
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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