Superior Drilling Products, Inc. (SDPI) Raised to Sell at ValuEngine

ValuEngine upgraded shares of Superior Drilling Products, Inc. (NASDAQ:SDPI) from a strong sell rating to a sell rating in a research note issued to investors on Thursday.

SDPI has been the subject of a number of other reports. Zacks Investment Research upgraded Superior Drilling Products from a hold rating to a buy rating and set a $0.75 target price for the company in a research note on Wednesday, July 26th. Imperial Capital began coverage on Superior Drilling Products in a research note on Wednesday, August 23rd. They issued an outperform rating and a $2.00 target price for the company. Finally, Roth Capital set a $2.00 target price on Superior Drilling Products and gave the company a buy rating in a research note on Monday, August 14th.

Superior Drilling Products (NASDAQ SDPI) opened at $1.02 on Thursday. Superior Drilling Products has a 12 month low of $0.59 and a 12 month high of $1.41.

Superior Drilling Products (NASDAQ:SDPI) last issued its earnings results on Thursday, November 9th. The oil and gas company reported $0.02 EPS for the quarter. The firm had revenue of $4.45 million during the quarter, compared to analyst estimates of $4.13 million.

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A hedge fund recently raised its stake in Superior Drilling Products stock. Adirondack Research & Management Inc. raised its stake in Superior Drilling Products, Inc. (NASDAQ:SDPI) by 2,836.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 616,733 shares of the oil and gas company’s stock after acquiring an additional 595,733 shares during the period. Adirondack Research & Management Inc. owned about 2.55% of Superior Drilling Products worth $493,000 as of its most recent SEC filing.

About Superior Drilling Products

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. It is involved in the design and manufacture of new drill bit and horizontal drill string enhancement tools for the oil, natural gas, and mining services industries; and the refurbishment of polycrystalline diamond compact drill bits.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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