Wunderlich restated their buy rating on shares of Superior Drilling Products, Inc. (NASDAQ:SDPI) in a research report sent to investors on Tuesday morning. They currently have a $2.00 price target on the stock, down from their prior price target of $3.00.
Separately, Zacks Investment Research lowered shares of Superior Drilling Products from a hold rating to a sell rating in a research note on Tuesday, July 19th.
Shares of Superior Drilling Products (NASDAQ:SDPI) opened at 0.8687 on Tuesday. The company’s market capitalization is $13.07 million. Superior Drilling Products has a 52-week low of $0.81 and a 52-week high of $2.72. The firm has a 50-day moving average of $1.05 and a 200 day moving average of $1.50.
Superior Drilling Products (NASDAQ:SDPI) last released its quarterly earnings data on Friday, August 12th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.08) by $0.10. On average, analysts anticipate that Superior Drilling Products will post ($0.35) EPS for the current year.
In other news, major shareholder Jeffrey E. Eberwein acquired 18,655 shares of Superior Drilling Products stock in a transaction that occurred on Monday, August 8th. The shares were acquired at an average price of $1.38 per share, with a total value of $25,743.90. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Jeffrey E. Eberwein acquired 511,565 shares of Superior Drilling Products stock in a transaction that occurred on Friday, September 30th. The shares were purchased at an average cost of $1.01 per share, for a total transaction of $516,680.65. The disclosure for this purchase can be found here.
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