Superior Drilling Products (NYSEAMERICAN:SDPI) has been assigned a $1.00 price target by equities researchers at Roth Capital in a note issued to investors on Monday, TipRanks reports. The brokerage currently has a “buy” rating on the oil and gas company’s stock. Roth Capital’s price target would indicate a potential upside of 26.58% from the company’s current price.

Several other equities research analysts also recently weighed in on SDPI. Imperial Capital reduced their price target on Superior Drilling Products from $2.00 to $1.50 and set an “outperform” rating on the stock in a report on Friday, August 2nd. Dougherty & Co restated a “buy” rating on shares of Superior Drilling Products in a report on Wednesday, May 22nd. Finally, Zacks Investment Research cut Superior Drilling Products from a “hold” rating to a “sell” rating in a report on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating and three have assigned a buy rating to the stock. Superior Drilling Products presently has an average rating of “Buy” and a consensus target price of $1.25.

Superior Drilling Products stock traded down $0.02 during midday trading on Monday, reaching $0.79. The stock had a trading volume of 148,300 shares, compared to its average volume of 110,229. Superior Drilling Products has a 52-week low of $0.78 and a 52-week high of $5.05.

Superior Drilling Products (NYSEAMERICAN:SDPI) last announced its 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 business had revenue of $4.54 million during the quarter, compared to analyst estimates of $5.30 million.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC bought a new stake in Superior Drilling Products during the 4th quarter valued at $101,000. JPMorgan Chase & Co. purchased a new stake in shares of Superior Drilling Products in the 2nd quarter worth $670,000. Punch & Associates Investment Management Inc. lifted its holdings in shares of Superior Drilling Products by 50.3% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 386,200 shares of the oil and gas company’s stock worth $510,000 after buying an additional 129,200 shares during the period. Finally, Renaissance Technologies LLC grew its position in shares of Superior Drilling Products by 24.6% during the 2nd quarter. Renaissance Technologies LLC now owns 504,446 shares of the oil and gas company’s stock worth $509,000 after buying an additional 99,700 shares in the last quarter.

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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