According to Zacks, “Superior Drilling Products, Inc. operates as a manufacturer and remanufacturer of PDC (polycrystalline diamond compact) drill bits and drill string tools for the oil, natural gas and mining services industries. It also provides manufacturing, leasing, and refurbishing of drill string tools to oil field services clients. Superior Drilling Products, Inc. is based in United States. “
Separately, Wunderlich reissued a “buy” rating and issued a $2.00 price target (down previously from $3.00) on shares of Superior Drilling Products in a report on Tuesday.
Shares of Superior Drilling Products (NASDAQ:SDPI) opened at 0.935 on Friday. Superior Drilling Products has a 52 week low of $0.84 and a 52 week high of $2.72. The firm has a 50-day moving average price of $1.06 and a 200-day moving average price of $1.51. The stock’s market cap is $14.06 million.
Superior Drilling Products (NASDAQ:SDPI) last announced its quarterly earnings results on Friday, August 12th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by $0.10. On average, analysts forecast that Superior Drilling Products will post ($0.35) earnings per share for the current fiscal year.
In other Superior Drilling Products news, major shareholder Jeffrey E. Eberwein bought 511,565 shares of the business’s stock in a transaction on Friday, September 30th. The shares were purchased at an average price of $1.01 per share, with a total value of $516,680.65. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Jeffrey E. Eberwein bought 18,655 shares of the business’s stock in a transaction on Monday, August 8th. The shares were acquired at an average cost of $1.38 per share, for a total transaction of $25,743.90. The disclosure for this purchase can be found here.
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