FY2017 EPS Estimates for Superior Drilling Products, Inc. Reduced by Analyst (SDPI)

Superior Drilling Products, Inc. (NYSEAMERICAN:SDPI) – Investment analysts at Imperial Capital decreased their FY2017 earnings per share (EPS) estimates for Superior Drilling Products in a research note issued to investors on Friday. Imperial Capital analyst J. Wangler now forecasts that the oil and gas company will post earnings of ($0.01) per share for the year, down from their previous forecast of $0.02. Imperial Capital also issued estimates for Superior Drilling Products’ Q1 2018 earnings at $0.00 EPS, Q2 2018 earnings at $0.01 EPS, Q3 2018 earnings at $0.02 EPS, FY2018 earnings at $0.06 EPS and FY2019 earnings at $0.14 EPS.

Other research analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Superior Drilling Products from a “buy” rating to a “sell” rating in a research note on Tuesday. TheStreet upgraded shares of Superior Drilling Products from a “d” rating to a “c-” rating in a research note on Friday, December 1st. Finally, ValuEngine upgraded shares of Superior Drilling Products from a “strong sell” rating to a “sell” rating in a research note on Thursday, November 9th. Two investment analysts have rated the stock with a sell rating and two have given a buy rating to the stock. Superior Drilling Products currently has a consensus rating of “Hold” and an average price target of $1.83.

Superior Drilling Products (NYSEAMERICAN SDPI) opened at $1.59 on Monday. The company has a market cap of $37.44, a price-to-earnings ratio of -18.11 and a beta of -1.79. Superior Drilling Products has a one year low of $0.59 and a one year high of $1.77.

A hedge fund recently raised its stake in Superior Drilling Products stock. Adirondack Research & Management Inc. lifted its position in shares of Superior Drilling Products, Inc. (NYSEAMERICAN:SDPI) by 2,836.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 2.55% of Superior Drilling Products worth $493,000 at the end of the most recent quarter.

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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.

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