Superior Drilling Products, Inc. (NYSEAMERICAN:SDPI) – Equities research analysts at Imperial Capital decreased their FY2018 EPS estimates for Superior Drilling Products in a research note issued on Friday. Imperial Capital analyst J. Wangler now expects that the oil and gas company will post earnings per share of $0.04 for the year, down from their prior estimate of $0.06. Imperial Capital also issued estimates for Superior Drilling Products’ Q4 2018 earnings at $0.02 EPS and FY2019 earnings at $0.11 EPS.
Superior Drilling Products (NYSEAMERICAN:SDPI) last issued its quarterly earnings data on Thursday, March 8th. The oil and gas company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The company had revenue of $3.73 million during the quarter, compared to analysts’ expectations of $3.71 million.
Superior Drilling Products (SDPI) opened at $1.58 on Monday. The stock has a market capitalization of $37.44, a price-to-earnings ratio of -17.56 and a beta of -1.67. Superior Drilling Products has a 1-year low of $0.59 and a 1-year high of $1.77.
An institutional investor recently raised its position in Superior Drilling Products stock. Adirondack Research & Management Inc. grew its stake in shares of Superior Drilling Products, Inc. (NYSEAMERICAN:SDPI) by 2,836.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 616,733 shares of the oil and gas company’s stock after buying an additional 595,733 shares during the period. Adirondack Research & Management Inc. owned 2.55% of Superior Drilling Products worth $493,000 at the end of the most recent reporting period.
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.
Receive News & Ratings for Superior Drilling Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Superior Drilling Products and related companies with MarketBeat.com's FREE daily email newsletter.