Zacks: Superior Drilling Products, Inc. (SDPI) Given Average Recommendation of “Buy” by Analysts

Shares of Superior Drilling Products, Inc. (NASDAQ:SDPI) have been assigned an average broker rating score of 2.00 (Buy) from the two brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and one has given a strong buy rating to the company. Superior Drilling Products’ rating score has declined by 100% from three months ago as a result of a number of analysts’ upgrades and downgrades.

Brokers have set a 12 month consensus price objective of $2.70 for the company and are predicting that the company will post ($0.01) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Superior Drilling Products an industry rank of 232 out of 257 based on the ratings given to related companies.

Separately, Roth Capital cut Superior Drilling Products from a “buy” rating to a “neutral” rating and set a $2.50 price objective for the company. in a report on Tuesday, September 18th.

Shares of SDPI traded down $0.08 during midday trading on Friday, hitting $1.61. The stock had a trading volume of 188,300 shares, compared to its average volume of 168,466. Superior Drilling Products has a twelve month low of $1.12 and a twelve month high of $5.05.

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

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