Superior Drilling Products (NYSEAMERICAN:SDPI) released its earnings results on Thursday. The oil and gas company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.01), Bloomberg Earnings reports. The company had revenue of $3.73 million for the quarter, compared to analyst estimates of $3.71 million.
Shares of Superior Drilling Products (NYSEAMERICAN:SDPI) opened at $1.58 on Friday. Superior Drilling Products has a one year low of $0.59 and a one year high of $1.77. The company has a market cap of $36.47, a P/E ratio of -17.56 and a beta of -1.67.
An institutional investor recently raised its position in Superior Drilling Products stock. Adirondack Research & Management Inc. lifted its position in Superior Drilling Products, Inc. (NYSEAMERICAN:SDPI) by 2,836.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 616,733 shares of the oil and gas company’s stock after acquiring an additional 595,733 shares during the quarter. Adirondack Research & Management Inc. owned approximately 2.55% of Superior Drilling Products worth $493,000 as of its most recent filing with the SEC.
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 for the oil, natural gas, and mining services industries; and the refurbishment of polycrystalline diamond compact drill bits.
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